So disappointed with their performance during $GME. I’m sure a lot of people will make money in this IPO but I can’t support it.
I have heard so many apologists for Robinhood but never heard it addressed why they couldn't have implemented whatever measures of protection they "had to" in a stock-agnostic way.
https://stu2b50.dev/posts/why-robinhood-d3580b
I want to be upfront in that I can't verify the accuracy of this article, and I still look askance at Robinhood personally; however, it did pique my interest in keeping an eye out for further analyses of the incident as more details emerge. And it seems like there is plausibility to Robinhood's claims that they had to halt buys.
And...on the face of it, I am all for regulation that places risk management requirements on financial firms.