I really don't get how the GameStop story is turning into a discussion about short-selling. There were a bunch of shorts. They lost a pile of their own money. They didn't hurt anyone else. What's the problem?
Vlad needs his users to think that short selling is bad, and that T+2 is bad, so that they don't start asking awkward questions like ... are Robinhood's tech stack, operations and risk controls bad?
-
-
No need for a question. We all know the answer.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Haha. True. Better have that in the news than the Robinhood “free money cheat” hall of fame from just 2019.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
They've already shown they were massively out of their depth on clearing. Apparently their risk modeling for collateral obligations was way off. It's fair to ask if their revenue model of "loan out all client assets" on the custody side presents other problems.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.