ceo of webullās explanation in this video: dtcc - cost of collateral, webull canāt afford/clearing house canāt afford
robinhood cut ties with apex and has its own clearing house
they got a communications issue and a pr nightmare. the ceo could have come across as more competent because finance is hard and ppl ask tough questions in finance
yahoo financeās take
trading comes with a lot of risk
itās personal between the two millionaires
Elon grilled Rh CEO yesterday
Why am I not surprised that Elon did a better job grilling Vlad than most journalists. Elon 
Why are Freetrade and other brokers not having to raise billions and billions of $ of collateral? Is it because they donāt offer margin?
That would be my guess
Yes, itās because they donāt offer margin and leveraged products. If trading on margin (assuming leveraged) a broker might need to provide more collateral than what cash is in the customerās account. If margin requirements are high or are changed because of increased volatility (e.g. 100% for GME), this can quite quickly become a problem for brokers. Freetrade does not have this problem.
Doesnāt that might also indicate they have increasing needs to cover margins on $GMEā¦ indicating people are borrowing a huge amount of money to drive $GME price up. I really hope that is not the case!
It seems exactly like this is happening (and in other highly volatile stocks). Still, the margin requirements of many highly volatile stocks have lately been increased which was an additional shock to margin brokers. These margin requirements will likely be passed on to customers (if they havenāt already been passed on). If the brokers survive the collateral requirements, it will be the people buying these stocks who might end up loosing everything (or even be indebted if they traded on margin).
The whole $GME and co saga has sadly demonstrated how many people have absolutely no idea how the stock market, stock price movements, and hedge funds work 
Quite disillusioning how big the need for stock market education is! Also, the only people likely doing illegal things are not the hedge funds (although I have no sympathy for them) but the people on r/WallStreetBets; I canāt see how pump and dump schemes are legal - theyāre only lucky that itās really hard to track them down and conviction is difficult.
Thatās exactly what I fear. (especially if weāre speaking of that many billionsā¦)
āāTo what degree are you beholden to Citadel?ā Musk asked, to which Tenev replied: āThere is a rumor that Citadel or other market makers pressured us into doing this and thatās just false.āā
This was epic from Elon.
its 1 star on Google play https://play.google.com/store/apps/details?id=com.robinhood.android&hl=en_US&gl=US
its 4 stars on iOs AppStore āRobinhood: Investing for All on the AppĀ Store (where they cleaned it from āspamā the frst time)
All irrelevant in my view, RH are US only, FT are Europe only. The real issue is Trading 212 who are beating FT hands down.
FT have one big advantage, no leverage, stockbroker only. Completely insulated from leveraged gambling. They need to concentrate on offering a full platform of funds, and 100% of LSE listings. Their competition is then HL not T212. And for this a full desktop offering is needed.
Just realised youāre a famous entrepreneur @adatherton great to hear your contributions.
