Finance

Robinhood CEO explains trading restrictions

0


Robinhood co-founder and co-CEO Vlad Tenev speaks onstage during the TechCrunch Disrupt New York event on May 10, 2016.

Noam Galai | Getty Images for TechCrunch

The co-founder of Robinhood took to invitation-only audio chat app Clubhouse to defend the investment platform’s decision to restrict trading in GameStop and other volatile stocks.

GameStop shares have climbed more than 1,500% since the start of the year, fueled in no small part by a wave of retail investors inspired by the Reddit board WallStreetBets. Such investors piled into GameStop and other heavily shorted stocks, resulting in huge losses for some hedge funds.

Robinhood moved to restrict trading in several stocks, including…



Source cnbc.com

Robinhood raises trading limit on GameStop shares to 4 from 1

Previous article

CBO report foresees rapid growth recovery, labor force revival by 2022

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Finance