According to the answer the CEO gave to Elon Musk today, the jews at the NSCC raised the amount of capital that Robinhood needed for trades by 10 fold.
"Tenev said Robinhood's operations team received a request at 3:30 a.m. PT on Thursday from the National Securities Clearing Corp.. Robinhood and other brokers are required to meet certain deposit requirements from clearinghouses like NSCC each day. The amount required is based on factors such as volatility and concentration in certain securities."
(post is archived)