The proffered justification is that Robinhood is on the hook to have a certain percentages of the value of the users investments off to the side in a big bucket separate from user money, and when millions of new users sign up to buy a meme stock that is growing unboundedly, having that much money in the other bucket became problematic.
The proffered justification is that Robinhood is on the hook to have a certain percentages of the value of the users investments off to the side in a big bucket separate from user money, and when millions of new users sign up to buy a meme stock that is growing unboundedly, having that much money in the other bucket became problematic.