GameStop

Robinhood Launches College Tour to Recruit Young Customers

The stock trading app Robinhood, notorious for its actions against GameStop and other “meme stock” investors, has kicked off a nationwide effort to convince students to trade stocks using its app, including a $20,000 giveaway offering to young people.

Robinhood CEO Vladimir Tenev

Robinhood Pays $70M Fine for Misleading Customers

The popular stock and cryptocurrency trading platform Robinhood has reportedly paid a $70 million settlement to the Financial Industry Regulatory Authority (FINRA) on Wednesday after being accused of misleading customers.

Robinhood CEO Vladimir Tenev

GameStop Shares Jump 40%

The company said that it had tapped Chewy.com co-founder Ryan Cohen to head up a new board committee to oversee GameStop’s shift to digital sales.

REUTERS/Shannon Stapleton

Robinhood Moves Toward IPO Despite GameStop Controversy

Stock trading app Robinhood has chosen Nasdaq as the exchange for its IPO this year, despite being embroiled in controversy over its treatment of its customers during the Gamestop trading frenzy and previous problems including trading outages.

Robinhood CEO Vladimir Tenev

GameStop Shares Rocket 104%

Shares of GameStop surged in the final hour of trading, rising nearly 104 percent to $91.70. Nearly all of those gains came in the final hour of trading when share prices moved up so quickly that they triggered a trading halt on the New York Stock Exchange.

REUTERS/Shannon Stapleton

AOC Refuses to Work with Cruz amid Robinhood, GameStop Fiasco: ‘You Almost Had Me Murdered’

Both Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Ted Cruz (R-TX) are among lawmakers seemingly calling for congressional action after Robinhood restricted trading for GameStop following a surge spurred by a populist investing movement, but the New York lawmaker rejected Cruz after he agreed with her on social media, telling the senator to “sit this one out” because, she claimed, he almost had her “murdered” three weeks ago — a reference to the January 6 Capitol riot.

Rep. Alexandria Ocasio-Cortez, D-NY., speaks at a campaign rally for Democratic presidential candidate Sen. Bernie Sanders, I-Vt., at the University of Michigan in Ann Arbor, Mich., Sunday, March 8, 2020. (AP Photo/Paul Sancya)