Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Except it's nothing like that because it directly caused their users to lose hundreds of thousands of dollars of unrealized gains.


Gains from a hypothetical buy and subsequent sell that never happens? That’s way too big a stretch, and makes no sense.


Unrealized gains don’t exist, and read their TOS, this was inevitable. Robinhood is just one of many brokers limiting their exposure to a highly volatile stock of little intrinsic value with temporary trading halts.

You are lucky the NYSE hasn’t shut down BME trading for all of February. Yet.


RH prevented users from closing positions and realizing gains?


Read up on what T+2 settlement period is. When you buy GME Robinhood is on hook for two days before it closes and has to post collateral with the clearinghouse (DTC) during that time. As BME volatility exploded the collateral demanded of Robinhood skyrocketed.




Consider applying for YC's Winter 2026 batch! Applications are open till Nov 10

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: