Robin Hood's Problem Was Too Much Success

Robin hood had a problem of too much success. Robin hood had opened accounts with millions of retail investors who seein this price dynamic plan out in game stop. We saw an absolute deluge of retail buyers of game stop, unlike anything i think the markets have ever seen before. The problem thus created for robin hood is this very concentrated position of buying required them to post good faith marg with the clearing house that everybody on wall street uses. And robin hood simply didn't have three billion dollars of shareholders equity to draw on to post that margin. So because of their incredible success, they needed torestrict trading at that very moment and time.