Topic
5 facts from 3 episodes, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
2020
Vlad Tenev says GameStop was a popular free-stock giveaway for people who joined Robinhood in 2020.
“Now, one of the stocks that was actually very popular at that time was GameStop. So if you joined in 2020, there was a good chance that, you know, GameStop was the stock that welcomed you to Robinhood.”
2021
Gonzalez says shortening stock settlement from two days to one could have reduced risk and probably prevented Robinhood's trading halt during the GameStop episode.
“The main thing we could have done is passed a bill to shorten the settlement time from two days to one day.”
2021
Sundheim says that in early 2021 heavily shorted stocks rose about 400 percent in two weeks with no change in fundamentals, a scenario his risk framework had not anticipated.
“I've never had in my risk reward framework, nothing happens fundamentally in a stock goes up 400% in two weeks.”
2021
Sundheim says D1 closed out its short positions at the worst moment of the 2021 squeeze to avoid risking the firm.
“we covered everything at the worst time. And I knew it was the worst time.”
2021
After the GameStop episode D1 stopped short-selling for about a year before resuming.
“After GameStop, we took about a year off of short-selling. And then I re-engaged in short-selling.”
Episodes