Someone on reddit posted this, which makes it seem like Robinhood support is actually ok with the strategy: https://m.imgur.com/a/g4tpH9y

Of course I can’t verify the authenticity, but it doesn’t look good for them. In particular it seems almost financially smart to make incredibly risky plays on huge amounts of margin if you actually have very little in terms of assets, because the downside is you declare bankruptcy (doesn’t matter, you had no money) and the upside is hundreds of thousands of dollars