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E22: Reflecting on the Robinhood situation with Bestie Guestie Vlad Tenev
All-In with Chamath, Jason, Sacks & Friedberg
How Much Do Robin Hood Accounts Run Out of Money?
There's no blanket, a formula i can give you, because it does depend on the securities that you buy. For example, g m e and some of these other mean stocks, we raise the requirement on those to hundred %. Other stocks have an initial requirement as low as 25% if they're deemed not being super volatile. And ultimately, the majority of them end up losing most of their money,. The fees and the spread and the margin, or whatever it istat, that kind of adds up, you know, wipes out the account. That's what i saw at this for x company i was involved with.
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