Elon says “ok Robinhood.... what gives? the people.... demand an answer!”
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Then he lied about not having liquidity issues?
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yes, it seems that was a lie
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Why do people care?!!!
Thanks. Twitter will use this to make your timeline better. UndoUndo
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He's not wrong that that was really the issue. What smells bad here however are two things: 1) Did some HFs with short stake (Citadel etc) talk to DTCC to increase collateral 2) If DTCC acted impartially, RH and IBKR could've, instead of shutting it down or restricting
#shares, -
made these stocks available for purchase on cash only (so no margin) which is what my broker (TD Ameritrade, Schwab) did and some others as well.
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