Robinhood is going to fold IMO.

Discussion in 'Wall St. News' started by athlonmank8, Feb 2, 2021.

  1. 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.......
     
  2. Butterfly

    Butterfly

    no, they are fine!!! learn how to read a fucking balance sheet first :)
     
    JamesJ and athlonmank8 like this.
  3. 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.
     
  4. Daal

    Daal

    Unless they pulled an MF global, they have plenty of cash to service withdraws
     
    athlonmank8 likes this.
  5. Thats part of the concern. You never find out until it's too late.
     
  6. Butterfly

    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 likes this.
  7. Would you trust a pile of your hard earned money with a guy named Vladimir and another named Baiju....... lol
     
    Butterfly likes this.
  8. Butterfly

    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

     
    athlonmank8 likes this.
  9. Butterfly

    Butterfly

    LOL, only millennial retards would :)
     
  10. lol
     
    #10     Feb 2, 2021