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The Latest on GameStonk: Robinhood Readies for a New Week

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.

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The Latest on GameStonk: Robinhood Readies for a New Week
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    Robinhood CEO: We're helping those left behind by Wall Street, not hedge funds

    Robinhood CEO: We're helping those left behind by Wall Street, not hedge funds

    verified_publisher
    USA TODAY - Vlad Tenev

    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 narrows stock trade restrictions

    Robinhood narrows stock trade restrictions

    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, …

    Robinhood gets $1 billion infusion, signaling cash crunch

    Robinhood gets $1 billion infusion, signaling cash crunch

    verified_publisher
    CNN - By Matt Egan

    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 …

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