It's pretty clear that Robinhood users are incredibly leveraged right now on these transactions. Someone in finance probably gave their team a "Come to Bernanke moment" and pointed out that when the bubble pops they will be eating a huge load of crap where they are on the hook for a bunch of teenagers' margin calls.
It's crappy all around, but the ball was in their court for giving so many people the ability to trade on the margin.
It's crappy all around, but the ball was in their court for giving so many people the ability to trade on the margin.