Trading app Robinhood hits back after Warren Buffett claimed it encourages gambling-style behaviour By Daily Mail City & Finance Reporter Published: 21:51 BST, 3 May 2021 | Updated: 22:03 BST, 3 May 2021 Warren Buffett said Robinhood encourages gambling-style behaviour Trading app Robinhood has hit back at Warren Buffett after the revered investor accused it of … Read more
Ice Cube is firing back at the headline-grabbing Robinhood after it used the rapper’s likeness and one of his lyrics to promote the company. The financial services company used an image of the 51-year-old rapper/actor from the 2007 film Are We Done Yet? and also paraphrased his ‘Check yo self before you wreck yo self’ … Read more
The whole GameStop/AMC and /r/WallStreetBets issue has captivated the nation the past week or so and the saga doesn’t seem to be ending anytime soon. People are still angry at hedge funds and trading platforms that have been blocking purchases of popular stocks. Of course, the issue is pretty complicated but one entity that is … Read more
The online brokerage Robinhood has taken out a full-page ad in the New York Times saying that it is ‘humbled’ after recent controversy over its limits on buying certain stocks during the ‘meme stock’ frenzy fueled by an army of small investors on Reddit. The ad on Tuesday follows massive backlash against the popular trading … Read more
The CEO of Robinhood has revealed that the clearing house that handles all stock trades, the NSCC, demanded a $3 billion security at 3am in the morning during dramatic negotiations before the company stopped GameStop trades. Speaking during a virtual event hosted by Tesla CEO Elon Musk, Vladimir Tenev offered an explanation behind his company’s decision … Read more
The CEO of Robinhood has revealed that the NSCC demanded a $3 billion security at 3am in the morning during dramatic negotiations before the company stopped GameStop trades. Speaking during a virtual event hosted by Tesla CEO Elon Musk, Vladimir Tenev offered an explanation behind his company’s decision to Thursday to restrict the purchase of GameStop shares … Read more
The CEO of trading platform Robinhood has defended his firm’s highly controversial decision to halt trading of certain stocks on Thursday, and even sell some users’ shares, insisting it was for the good of customers and the company. Vlad Tenev, a 33-year-old Bulgarian-American businessman who co-founded Robinhood in 2013, told CNBC: ‘We had to make … Read more
The CEO of trading platform Robinhood has defended his firm’s highly controversial decision to halt trading of certain stocks on Thursday, insisting it was for the good of customers and the company. Vlad Tenev, a 33-year-old Bulgarian-American businessman, co-founded Robinhood in 2013. On Thursday night he explained why his platform had infuriated users by preventing … Read more