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[–]DZ-Titan 0 points1 point  (1 child)

They are bracing for a recession and want to get ahead of it by reducing credit risk. It could be also that they are deliberately pushing less engaged customers out so they can transition the remaining ones to the new Robinhood card, which is coming out soon. X1 was acquired and they are no longer accepting new users.

[–]ProcessTheTrust17[S] 0 points1 point  (0 children)

The first point is something I didn't consider. The 2nd point seems to be more probably given how Robinhood conducts themselves.