Vlad Tenev

has some issue.

And maybe they're just, sometimes when things are overloaded, just bogus numbers are being sent out.

And then there was just this latent fear of if it's 3 billion today, and let's say we managed to come up with this money, and we did, knock on wood, right?

We came up with it.

What if it just keeps going?

Could it be 50 billion tomorrow?

It had gone up by over an order of magnitude.

So yeah, we made the tough call to, the president made the tough call to shut it down.

And then what we did was we went out, we broke up into a couple of work streams.

We had the engineering one, making sure the systems were stable.

Then we spun up a money raising one of, we don't know exactly how much money we need, but it's pretty clear we need some more money because we don't know what's going to happen in the future.

And then there was the,

public relations one of, okay, I figured out how to make some calls and get through my phone.

But the Robinhood brand and what we stood for was kind of under attack.

So we had to like communicate.

And at the time, the story was that we were colluding with the hedge funds.

There was a narrative that the White House had called me to shut down GameStop trading.

And so there was this fake collusion narrative that

we felt like we had to dispel nobody knew about this deposit requirements thing yeah and if you think about it it's very technical and hard to explain and less compelling as a narrative than robin hood is turning their back on the poor siding with the rich and taking the poor's money hedge fund collusion simple delightful narrative this like clearing house market plumbing thing very hard to understand we able to solve that the next day when it got turned back on

No, we thought we would be.