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Friday, 01/29/2021 7:48:02 AM

Friday, January 29, 2021 7:48:02 AM

Post# of 54430
Robinhood raises $1 billion and taps credit lines to make trading of GameStop available to customers
PUBLISHED FRI, JAN 29 20216:56 AM ESTUPDATED FRI, JAN 29 20217:33 AM EST
Maggie Fitzgerald
KEY POINTS
Robinhood raised $1 billion overnight from investors to shore up its balance sheet as the brokerage app was set to ease restrictions in the trading of certain volatile stocks.
The money raised was on top of $500 million the stock trading app accessed through credit lines to ensure it had the capital required to keep allowing its clients to trade heavily shorted stocks like GameStop and AMC Entertainment.

https://www.cnbc.com/2021/01/29/robinhood-raises-1-billion-and-taps-credit-lines-to-make-trading-of-gamestop-available-to-customers.html

I watched an interview with the CEO last night and they kept pressing him about having a liquidity issue which he would not admit to.

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