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[184] [185] The lawsuit claimed that Robinhood "purposefully, willfully, and knowingly removing the stock 'GME' from its trading platform in the midst of an unprecedented stock rise thereby deprived retail investors of the ability to invest in the open-market"; the lawsuit also accused Robinhood of "manipulating the open-market".
What Happened: Screenshots from Robinhood users confirm GameStop's stock is "not supported on Robinhood." The commission-free broker is warning customers the platform will only handle orders to ...
The GameStop mania that drove its stock above $120 a share, split-adjusted, in early 2021 from as little as $3 in the space of three months, forced brokerages including Robinhood to limit trading ...
The House Committee on Financial Services released a report late last week offering a harrowing glimpse inside Robinhood during the frenzy around Gamestop stock early last year. For Robinhood ...
On January 28, 2021, Robinhood was among a number of brokerages that halted users from buying stock or options in GameStop and the other heavily shorted-securities. [16] On February 18, 2021, Tenev testified before the United States House Committee on Financial Services regarding Robinhood's role during the GameStop short squeeze.
The saga of GameStop is a story about the stock market. But it is also a story about politics. About power. About laws, memes, tech startups, wealth inequality, trolling, social media moderation ...
Robinhood CEO Vlad Tenev tells Yahoo Finance what actually drove the decision to suspend GameStop trading. Robinhood CEO refutes GameStop hedge fund 'conspiracy theory' and reveals what actually ...
And the company faces lawsuits and regulatory scrutiny.