Posted by: Burga-Flippa January 28, 2021
Robinhood
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CASH CRUNCH



"Robinhood Markets, the trading app that’s popular with investors behind this month’s wildest stock swings, has drawn down some of its credit lines with banks, according to people with knowledge of the matter.

The firm has tapped at least several hundred million dollars, one of the people said. The company’s lenders include JPMorgan Chase & Co. and Goldman Sachs Group Inc., according to data compiled by Bloomberg. Representatives for Robinhood and those banks declined to comment."

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