Tenev is awaiting a Thursday hearing on the GameStop upset, apparently hiding out in a hotel out of fear of going home due to what he insisted to Bloomberg are “angry client mobs” making death threats against him. The Robinhood co-founder incurred massive loathing from the internet after his trading …
Read More »Family of 20yo who committed suicide says Robinhood caused his death w/ ‘reckless tactics’ that prey on inexperienced
Filed in California’s Santa Clara County Superior Court on Monday, the 30-page complaint from the family of Alex Kearns accuses the online trading app of luring a young, inexperienced investor into transactions he “did not understand” and misleading him to believe he had incurred hundreds of thousands of dollars in …
Read More »Robinhood is ‘toast’ after GameStop fiasco, says real-life Wolf of Wall Street Jordan Belfort
“Originally, I understood it because they do have liability for sure. But what they did by completely eliminating buying, that was a bit of a red flag to me that there might be some other more nefarious things involved, like getting pressure from the people who are short,” Belfort said …
Read More »Robinhood narrows trade restrictions list to 8 companies, including GameStop
Companies that still face limitations include GameStop, AMC Entertainment Holdings, Blackberry, and others, Robinhood said, noting that the limits may be “subject to change throughout the day.” Opening new positions in those securities is limited, according to its website, which lists the maximum number of shares and options contracts each …
Read More »NY charity Robin Hood receives undue flak from people angry at Robinhood trading app, finds ‘silver lining’ in new supporters
The Robin Hood Foundation has a proud history of fighting poverty in New York City for more than three decades. Recently, however, it found itself on the receiving end of public ire for no good reason at all. The name of the legendary folk hero who robbed the rich and …
Read More »Robinhood execs’ contributions to House Financial Service panel leaders under scrutiny as hearing over GameStop saga announced
Federal records, dug up by the media in light of the continuing massacre of hedge funds by retail investors using trading apps like Robinhood and Webull, has showed that Robinhood CEO Vlad Tenev and the app co-founder Baiju Bhatt contributed $2,800 each to the campaigns of Maxine Waters (D-CA), Chairwoman …
Read More »Robinhood imposes ONE share buy limit on DOZENS OF STOCKS amid GameStop scrutiny
Robinhood users angrily took to Twitter to display screenshots indicating the app was blocking them from buying more than a single stock of some companies. The trading lockdown on Friday wasn’t limited to GameStop ($GME) – users were posting similar shots of failed efforts to trade other stocks of companies …
Read More »‘It stinks of corruption’: Texas AG calls out Robinhood, Discord, Citadel and others over GameStop stock throttling
“Wall Street corporations cannot limit public access to the free market, nor should they censor discussion surrounding it, particularly for their own benefit,”Paxton said in a statement on Friday. “This apparent coordination between hedge funds, trading platforms, and web servers to shut down threats to their market dominance is shockingly …
Read More »Robinhood CEO accused of ‘lying’ on CNN after claiming he halted stock purchases to adhere to vague ‘regulatory requirements’
Tenev was interrogated by CNN’s Chris Cuomo on Thursday amid the Robinhood-GameStop stocks controversy, with the CEO claiming his decision was made to adhere to vague “regulatory requirements” and not to protect wealthy hedge funds that were shorting the stocks. After Cuomo highlighted the irony of the company being called …
Read More »Google DELETES 100,000-plus one-star ratings of Robinhood app after enraged retail traders pile negative reviews over GameStop ban
After Robinhood controversially stepped in and made the “risk management decision” to block the purchasing of stocks being made unusually popular thanks to the r/WallStreetBets subreddit, its app on Google Play was inundated with reviews from unsatisfied customers. The app’s near-perfect rating stumbled to just one star on Thursday after …
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