No mention of fractional share mechanics. Anyone have info on how those work?
I see claims floating around of $2k/share trades, but only on fractional share sells. I wonder if people are confusing a real squeeze with Robinhood burning money to piece together whole shares.
Fractional shares are an accounting convention within the accounts of individual brokers such as Robinhood, giving multiple customers a partial claim on a unit of stock the broker holds. They're never tradeable on the actual exchange.
I see claims floating around of $2k/share trades, but only on fractional share sells. I wonder if people are confusing a real squeeze with Robinhood burning money to piece together whole shares.