RE:Silver futures jump 7% as Reddit traders try squeeze playRobinhood is going bankrupt and maybe some of their counterparties - the reason is they naked shorted their own clients which is the industry norm.
They just were fined $65 m by the SEC for accepting payment for order flow without disclosing that is why they have no commissions. That means they go outside the market to pick someone mot bidding or offering and giving them order screwing the idea of an auction market.
The taxpayers wont bail out like 2008.