Robinhood CEO Vlad Tenev deflects four attempts as to why they stopped trading GME this week
🚔 PARTY OF CRIME 🚔
posted ago by rootGoose
+331 / -0
Competitor Webull outsources their trading clearance and because of fees by their clearhouse, they stopped trading GME. Robinhood owns and controls their own clearing house.
In this interview, Tenev deflects multiple attempts to get an answer and outright refuses to "get into details" on what happened despite it being, in his words, "a novel situation".
What is missing from the interview is why Robinhood suddenly needs
Fast forward to 7:14 to get the second attempt to get an answer and the non-answer to the $1,000,000,000.00 cash "influx" they just received yesterday.
Competitor Webull outsources their trading clearance and because of fees by their clearhouse, they stopped trading GME. Robinhood owns and controls their own clearing house.
In this interview, Tenev deflects multiple attempts to get an answer and outright refuses to "get into details" on what happened despite it being, in his words, "a novel situation".
What is missing from the interview is why Robinhood suddenly needs
Fast forward to 7:14 to get the second attempt to get an answer and the non-answer to the $1,000,000,000.00 cash "influx" they just received yesterday.
https://finance.yahoo.com/news/robinhood-ceo-refutes-game-stop-hedge-fund-conspiracy-theory-and-reveals-what-actually-happened-234600703.html
we allowed them to accumulate so much wealth and cash that they can play and afford to loose for a while ... we have to build an alternative economy media and info world and flourish that .... leave the rest to the stupid commies to eat each other
Give me a fucking break. There is so much money being injected and handled in these markets at any given time, and I am supposed to believe people dumping cash into a single stock halted these clearinghouse and brokers to choke down? If that it the case, why wasn't all trading bogged down, hm? Only GME needed money for collateral to trade? GTFOH, with that bullshit. They were covering for the hedgies and they know they are full of shit. And let's just say that was the case and they had no other liabilities to fund for stock trades and miraculously only GME was affected. If the money that facilitates these trades isn't there to cover a run-up of one stock, then the whole entire market is a Ponzi scheme proper. It's like saying there is a $70B jackpot on the lottery, but only if they can borrow the money once you win it, so they have to stop selling lotto tickets, until they can raise the funds.
NO ONE BUYS THEIR BULLSHIT STORY!
Where's Tenev?
I only see the Webull CEO interview.
It is a long interview. Keep watching.