The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 20 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Chamath: Robinhood was insolvent and lacked capital during GameStop halt
“This company was insolvent. They did not have the capital requirements to post the margin that was being asked of them by their partners.”
Tenev: Robinhood was first to tokenize OpenAI and SpaceX shares
“We were actually, I think, the first to tokenize OpenAI and SpaceX, and we made that available to our retail customers in Europe in the form of a giveaway”
Sacks: Robinhood will IPO at a $50B-$70B valuation
“Now they're going to be able to IPO at like a 50, 60, seventy billion dollar valuation”
Tenev: Brokers using third-party clearing firms faced identical deposit demands
“Well, I think a lot of the a lot of the other brokers who relied on clearing firms had the same issue, right? You know, there's firms like Apex Clearing which has introducing brokers Cash App, for example, clears through a third party as well, and they all had…”
Tenev: Most Robinhood users do not use leverage or trade options
“Most of our customers don't use leverage. Most of our customers aren't active traders or trading options”
Tenev: Robinhood shifted to intraday position limits across 50 stocks
“By Friday, we had moved to a much more sophisticated system where intraday we adjust the position limits in it was up to 50 stocks, and we published that on our website.”
Calacanis: DTCC demanded $3B in collateral from Robinhood
“The Depository and Trust and Clearing Corporation, which is Wall Street's main clearinghouse for stock trades demanded three billion dollars in additional collateral from Robin Hood, which they said was an order of magnitude more than usually required.”
Chamath: Robinhood is going to get sued into oblivion
“I think that what's going to happen is they're going to get sued into oblivion.”
Calacanis: Robinhood will survive the GameStop trading crisis
“They will not be. They will get through this, and there has, this is an unprecedented black swan event, I think we would all agree.”
Tenev: SEC fine was for order flow disclosures, not gamification
“Yeah, well, so the fine wasn't for gamifying Robin Hood. It was for Payment for order flow and business model related related things. The gamification one is the Massachusetts securities securities one, which is a separate thing.”
Chamath: Citadel handles 47% of payment for order flow volume
“Citadel is responsible for 47% of all the payment for order flow volume. They paid Robinhood almost sixty million dollars in the third quarter.”
Chamath: Robinhood expanded trading restrictions to nearly 40 stocks
“Robin Hood just tweeted that now the list of, ah, restricted names is now up to almost 35 or 40.”
Tenev: Robinhood offers public and private tokenized securities in the EU
“We've made both available to some extent in the EU.”
Tenev: Robinhood holds over $250 billion in assets on platform
“We've got over a quarter trillion assets on the platform already”
Friedberg: Robinhood is almost certain to offer IPO shares to customers
“I think it's almost certain they're going to give some of the shares available in the IPO to Robinhood customer.”
Tenev: Robinhood does not permit short selling by retail investors
“Robinhood actually doesn't allow short selling by individuals, but a lot of the other brokers do.”
Tenev: Robinhood options trading cannot be executed on margin
“Number one, you can't trade options on margin. So options are all fully paid for, right?”