News for hackers. Stuff that matters.

A comment on Robinhood reports 43% revenue decline. Parent comment

Re:Robinhood reports 43% revenue decline by thehoff on Friday April 29, 2022 @02:51PM (#31209204)
I forget, weren't there others that did the same? Were they also in that same boat (not enough funds on hand to cover trades)?
[ Parent | on HN ]
Re:Robinhood reports 43% revenue decline by dmoy on Friday April 29, 2022 @03:10PM (#31209446)
Yes.

Some other brokers decided paying the premium to cover gme trades for the short term wasn't worth it, so they cut it off. To varying degrees

Schwab and TDA (which was already or was about to be bought by Schwab?) both put some limits on, like options or something.

Some other brokers did not (Fidelity I think?)

[ Parent | on HN ]