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Originally Posted by Lightspeed
So what's the barrier to creating alternative platforms?
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The funds to support the volume and value of transactions.
From Mark Cuban's AMA today:
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What ruined it on RH is that they didnt have enough cash to deal with the growth in accounts, margin loans and volatility. The EXACT SAME THING will happen at the next broker if you dont make sure they have a MULTI-TRILLION dollar balance sheet to be able to handle these kind of circumstances.
RobinHood and the other zero commission brokers that everyone used didnt have enough capital to fund the fight. They let you down in a big way.
When you load back up, fight a broker with trillions of dollars in assets on their balance sheet. Someone that can be there when the fight starts and wont blink an eye.
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