Robinhood is reportedly borrowing at least 'several hundred million dollars' from banks amid GameStop trading frenzy

Robinhood is drawing down lines of credit to the tune of "at least several hundred million dollars," Bloomberg reported Thursday. The quick decision to seek additional funds from its lenders, which include JPMorgan Chase and Goldman Sachs, suggest that this week's trading frenzy has put a strain on the company, according to Bloomberg's Matthew Monks and Michelle Davis.
Read more: https://www.businessinsider.com/robinhood-draws-on-credit-lines-amid-gamestop-frenzy-report-2021-1?source=Snapzu