Robinhood CEO Vlad Tenev speaks out on decision to restrict trading
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Re: Robinhood CEO Vlad Tenev speaks out on decision to restrict trading
#2"There wasn't a liquidity problem"
No matter the real explanation, here's the reality. Some firms continued to allow trading of GME, and a few firms including Robinhood did not.
I don't think it's clear that Robinhood did anything illegal, but it seems clear from their lack of transparency and Enterprise BS tactics that they aren't going to lay out a clear reason as to why they halted longs and other firms did not. Probably because it paints Robinhood in a bad light.
All this does is continue to expose Robinhood for what it is: A budget brokerage firm with a shitty product. Avoid if you want to maximize your profits.
Re: Robinhood CEO Vlad Tenev speaks out on decision to restrict trading
#3But he didn’t really answer the question concretely. He was worried about the firm being able to handle required deposits, but it’s not a liquidity problem?