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posted ago by rootGoose 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.

https://finance.yahoo.com/news/robinhood-ceo-refutes-game-stop-hedge-fund-conspiracy-theory-and-reveals-what-actually-happened-234600703.html

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Pepedepede 2 points ago +2 / -0

Where's Tenev?

I only see the Webull CEO interview.

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rootGoose [S] 1 point ago +1 / -0

It is a long interview. Keep watching.