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by vincentmarle 1970 days ago
> Where did the Robin Hood CEO lie? Or what issues have they downplayed?

Let's see, where do I start.

Official blog announcement: https://blog.robinhood.com/news/2021/1/28/keeping-customers-...

No mention of liquidity requirements whatsoever.

Cuomo Interview: https://twitter.com/CuomoPrimeTime/status/135498974615878451...

Cuomo: "If you don't have a liquidity issue, but you have to stop the trading because you couldn't meet certain capital requirements, how does that reconcile with itself?"

Vlad: "We feel pretty good about the situation"

CNBC Interview: https://www.youtube.com/watch?app=desktop&v=cuCcchMOsKE

Sorkin: "It sounds to me though, that you're suggesting that there was a liquidity problem"

Vlad: "No, no, there was no liquidity problem."

Elon Musk interview:

Musk: “hey what happened with robinhood”

Vlad: “uhhhh I don’t know I was asleep at home”