Robinhood CEO Vlad Tenev speaks out on decision to restrict trading

"There wasn't a liquidity problem"

No matter the real explanation, here's the reality. Some firms continued to allow trading of GME, and a few firms including Robinhood did not.

I don't think it's clear that Robinhood did anything illegal, but it seems clear from their lack of transparency and Enterprise BS tactics that they aren't going to lay out a clear reason as to why they halted longs and other firms did not. Probably because it paints Robinhood in a bad light.

All this does is continue to expose Robinhood for what it is: A budget brokerage firm with a shitty product. Avoid if you want to maximize your profits.

But he didn’t really answer the question concretely. He was worried about the firm being able to handle required deposits, but it’s not a liquidity problem?