What is not speculation is that they restricted the buying of stocks while not restricting the selling. The rest, though it may be speculation, has enough circumstantial evidence to allow most regular folks to make up their mind.
The people who will invest in the IPO aren't going to be the people who lost money due to RH locking the purchasing of stocks and stopping the price from sky rocketing.
But in terms of a customer base, in terms of a company, RH are dust.
>What is not speculation is that they restricted the buying of stocks while not restricting the selling.
Yes but RH didn't have the billions of $$$ deposited at the clearing house for their trades to be honored. Buying stock to settle a few days later requires collateral that RH didn't have.
RH does some questionable things but their "restriction of the buying" is an inevitable consequence of not having the billions to meet any margin calls. They were the tail not the dog.
> What is not speculation is that they restricted the buying of stocks while not restricting the selling. The rest, though it may be speculation, has enough circumstantial evidence to allow most regular folks to make up their mind.
Right, because sell orders would lower the clearinghouse margin requirements. If there are $100M GME buys on RH with 2 days to clear and $100M GME sells with 2 days to clear, their clearinghouse margin requirement is $0.
Robinhood has added millions of new accounts and the price of GME recently reached the same heights this past week for anyone that was still holding losses. A bunch of people gambling money isn't going to affect the company.
The people who will invest in the IPO aren't going to be the people who lost money due to RH locking the purchasing of stocks and stopping the price from sky rocketing.
But in terms of a customer base, in terms of a company, RH are dust.
https://www.trustpilot.com/review/robinhood.com