About a dozen brokers simultaneously halted buying, not just Robinhood. | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		13415 on Jan 31, 2021 \| parent \| context \| favorite \| on: Why Robinhood disabled buys but not sells About a dozen brokers simultaneously halted buying, not just Robinhood.

PragmaticPulp on Jan 31, 2021 [–]

Because the cost of collateral spiked in meme stocks in unison. They had to move money around to post the massively increased cost of collateral.

Everyone seems to be forgetting how fast this all happened.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact