Robinhood is going to fold IMO.

[athlonmank8]

News was they upped GME limits but that wont help.
https://www.cnbc.com/2021/02/02/rob...ustomers-can-buy-100-gamestop-shares-now.html

The increase in limits is most likely to try to bring in/keep customers. With the number of people pissed off theres no way they can service the withdrawls when the dust settles.

Mark came on CNBC and said use a different broker.

13 million accounts.
Lets say 500k (4%) of those withdraw a measly $1k. They'll need $500 million, but eventually billions. I saw $43 million in cash (not sure if they have reserves).

This broker is toast guys.......

 

[Butterfly]

no, they are fine!!! learn how to read a fucking balance sheet first

 

[athlonmank8]

no, they are fine!!! learn how to read a fucking balance sheet first

It looks fine now. Bear stearns looked fine at $100 too.
4.3 billion segregated. That's not going to cut it dude. Mark Cuban literally just came on TV and said do this shit with someone else.

 

[Daal]

Unless they pulled an MF global, they have plenty of cash to service withdraws

 

[athlonmank8]

Unless they pulled an MF global, they have plenty of cash to service withdraws

Thats part of the concern. You never find out until it's too late.

 

[Butterfly]

customers are going to withdrawal when GME shares would be worthless, so not many billions at the end LOL

game over RH fools,

 

[athlonmank8]

Unless they pulled an MF global, they have plenty of cash to service withdraws

Would you trust a pile of your hard earned money with a guy named Vladimir and another named Baiju....... lol

 

[Butterfly]

look at that fuck, he thinks he understand trading LOL

it took him 30 min to realize his free Bloomberg quotes were 15min delayed LOL

 

[Butterfly]

Would you trust a pile of your hard earned money with a guy named Vladimir and another named Baiju....... lol

LOL, only millennial retards would

 

[athlonmank8]

LOL, only millennial retards would

lol