Robinhood is likely insolvent right now.
Apex Clearing has either significantly raised the margin on $GME or is not accepting $GME as collateral at all. (possibly other WSB stocks as well).
Hence the need to draw its lines of credit to meet cash withdrawals.
Good luck.https://twitter.com/Fxhedgers/status/1354917806450438146 …
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When you sell a position and instantly have cash credited to your account to make your next trade, the broker borrows that money, using what you just sold as collateral. cash from the sale doesn't actually settle for 2 days. In the meantime, the broker borrows money to credit you
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ok, thanks!
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