Robinhood denies it's supporting hedge funds over retail investors. In a piece for USA Today, the company's CEO stated that the online trading platform is dedicated to helping those "left behind by Wall Street," going on to explain how it will move forward. But with a new week upon us, what'll happen now that Robinhood continues to limit trading on select securities? Will we continue to see such volatility as before? Catch up on the biggest headlines ahead of the market's opening below.
Standing by our Robinhood community means being there for our customers and communicating about the rules our industry faces and how we are living up to them so we can be here for decades to come. We built Robinhood for our customers. For millions of people who have felt left behind by America’s …
Robinhood has narrowed its stock trade restrictions from 50 to eight companies on Sunday, including GameStop, Koss Corporation, AMC Entertainment Holdings, Express Inc., Naked Brands Group, Genius Brands International, BlackBerry Limited, and Nokia Corp. Securities now lifted include Tootise Roll, …
As the hedge fund billionaires suffering catastrophic losses in the r/WallStreetBets activist campaign now realize, we reap what we sow. Even more so …
Robinhood restricted trading in cryptocurrencies on Friday, as the price of bitcoin and a meme-inspired token rose sharply. Users began reporting that …
New York (CNN Business) — Robinhood raised $1 billion from existing investors just hours after it halted purchases of GameStop, suggesting the free-trading app faced a potential cash shortage. The startup faced a bipartisan backlash Thursday for its decision to limit trading — a move that ran …
Warren blamed Reagan-era changes at the Securities and Exchange Commission that she said allowed companies to purchase their own stock and manipulate stock prices. Sen. Elizabeth Warren on Sunday said the GameStop saga is just the latest “ringing of the bell” that there are problems on Wall Street — …
Jaime Rogozinski says he saw the GameStop chaos coming. "It's fascinating to watch," said the founder and former moderator of WallStreetBets, the now-famous Reddit online forum that recently sent shares of GameStop, AMC and other beleaguered companies soaring in a battle with hedge funds betting the …
The online trading app Robinhood became a cultural phenomenon and a Silicon Valley darling with a promise to wrest the stock market away from Wall Street’s traditional gatekeepers and “let the people trade” — making it as easy to put millions of dollars at risk as it is to summon an Uber. This past …
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