Robinhood is said to draw on credit lines from banks amid tumult

Robinhood Markets, the trading app that’s popular with investors behind some of this month’s wildest stock swings, has drawn down some of its credit lines with banks, according to people with knowledge of the matter.

The firm has tapped at least several hundred million dollars, one of the people said. Lenders include JPMorgan Chase & Co. and Goldman Sachs Group Inc. A representative for Robinhood declined to comment.

https://www.bnnbloomberg.ca/robinhood-is-said-to-draw-on-credit-lines-from-banks-amid-tumult-1.1555809

>>12747966

very little actual trading in AH and all usually on small lot sizes.

They can push it around very easily

>>12748050

guessing they do the same thing tomorrow.

get the first hour buyers nice and smug and then drop it.

>>12748064

missed this

>>12747938

>>12748167

They do this all the time.

naked short-selling

It's got a microscope on it now.

In most cases there is way moar stock out there than these fuckers originally issued.

It's like toilet paper.

They don't like that being talked about though.