Robinhood is said to draw on bank credit lines amid tumult
For any still following this story -- u/deepfuckingvalue (aka RoaringKitty on YouTube) has been semi-doxxed by Bloomberg this morning -- he's a 34 year old financial advisor from Massachusetts evidently.<p>wallstreetbets used to be full of people like this, it's way less so now, but it would be silly to think that there aren't some hedge funds in on the buy side of this event, if not to ride the volatility. Active trading desks live and die by volatility -- if the market is not volatile, it is much harder to make money.