this post was submitted on 20 Sep 2023
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Work Reform

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If Ryan Cohen took a salary in that leauge the bear thesis would still be alive and the turnaround of GameStop might never happen (or be significantly delayed). My executive chairman has other plans 🙌

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[–] senoro@lemmy.ml 0 points 1 year ago

Hi, I don’t want to butt in on your comment here, but I’m pretty sure Robinhood couldn’t follow the financial regulations and still have the button available at the time because it didn’t have the reserves to be able to fulfil the expected requests. It was a legal issue that caused them to disable trading not malicious intent. Robinhood would have made a fortune on fees so I can’t see why they would have wanted to purposely shoot their own foot on that ground.

But then again, I’m stupid and know nothing so disregard my comment if you so please. Thanks.