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0 pointsvincentmarle5y ago0 comments

If you have a CEO that keeps publicly lying and downplaying their actual issues, then yes, you do erode the trust.

0 comments

Where did the Robin Hood CEO lie? Or what issues have they downplayed?

I haven't seen any actual reporting of any lies. Just a bunch of people speculating they were colluding in halting trading, when the actual reason was later demonstrated to be capital requirements.

If you have actual recent examples of lying, however, I'm curious.

vincentmarleOP5y ago

> Where did the Robin Hood CEO lie? Or what issues have they downplayed?

Let's see, where do I start.

Official blog announcement: https://blog.robinhood.com/news/2021/1/28/keeping-customers-...

No mention of liquidity requirements whatsoever.

Cuomo Interview: https://twitter.com/CuomoPrimeTime/status/135498974615878451...

Cuomo: "If you don't have a liquidity issue, but you have to stop the trading because you couldn't meet certain capital requirements, how does that reconcile with itself?"

Vlad: "We feel pretty good about the situation"

CNBC Interview: https://www.youtube.com/watch?app=desktop&v=cuCcchMOsKE

Sorkin: "It sounds to me though, that you're suggesting that there was a liquidity problem"

Vlad: "No, no, there was no liquidity problem."

Elon Musk interview:

Musk: “hey what happened with robinhood”

Vlad: “uhhhh I don’t know I was asleep at home”

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