The fact that they weathered that so unscathed gives me begrudging belief that their IPO will go well, at least short-term.
I have heard so many apologists for Robinhood but never heard it addressed why they couldn't have implemented whatever measures of protection they "had to" in a stock-agnostic way.
A non-zero percentage of passengers usually fail to show up for any given flight. It is more profitable for the airline to sell (e.g.) 110% of the seats available and get near 100% utilization out of the flight, while occasionally having to pay for a hotel room and a cheap voucher, as opposed to not overbooking.
When a business is acting in an abhorent, immoral, or unethical manner profit and greed are nearly always the fundamental reasons.
I have heard so many apologists for Robinhood but never heard it addressed why they couldn't have implemented whatever measures of protection they "had to" in a stock-agnostic way.