> “Companies don’t tap their credit line unless they need to,” said David Ritter, an analyst at Bloomberg Intelligence, who spoke generally about the issue without commenting directly on Robinhood. When companies do, it’s “perhaps not a good signal with regard to their cash burn, which could make creditors nervous.”
It's yet another sign that this company is teetering on the edge of collapse. That isn't irrational panic. They were completely offline for an entire day during the biggest market rally in over a decade, and have had smaller outages during other recent volatile trading days.
This company deserves to crash and burn. Anyone who still keeps a balance there is insane. People have lost millions and are going to continue to lose because Robinhood is run by amateur clowns.
It's yet another sign that this company is teetering on the edge of collapse. That isn't irrational panic. They were completely offline for an entire day during the biggest market rally in over a decade, and have had smaller outages during other recent volatile trading days.
This company deserves to crash and burn. Anyone who still keeps a balance there is insane. People have lost millions and are going to continue to lose because Robinhood is run by amateur clowns.