A recent report from the Wall Street Journal claims that FTX founder Sam Bankman-Fried borrowed hundreds of millions of dollars from his hedge fund Alameda Research — which allegedly took billions of customer money from FTX — to purchase shares of the stock trading platform Robinhood.
The popular stock trading platform Robinhood, made infamous during the meme stock craze, is reportedly laying off about a quarter of its staff, according to company CEO Vlad Tenev.
An ethics watchdog organization called for an investigation into Senate Commerce Subcommittee on Consumer Protection Chairman Richard Blumenthal (D-CT) for allegedly violating federal conflict of interest law.
According to a recent report, the hackers behind the recent data breach of the online trading platform Robinhood had access to system tools that would allow them to remove certain account security features of customers.
The Robinhood stock trading platform recently revealed that it was victim to a hack that exposed the personal details of seven million customers — but claims that no one lost any money as a result.
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.
Some of the meme stock traders see the decline as justice for Robinhood’s blocking trades of GameStop earlier this year.
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.
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.
A recent report from the New York Times states that the stock trading platform Robinhood is facing almost 50 lawsuits directly related to the recent GameStop trading frenzy.
Alex Kearns, 20, took his own life on June 12. Now his parents are suing stock trading app Robinhood for the circumstances leading to his suicide.
Texas attorney general Ken Paxton, who is investigating Google in a multi-state antitrust case and recently launched an investigation into the trading app RobinHood, joined Breitbart News editor-in-chief Alex Marlow on Breitbart News Daily on SiriusXM Monday morning.
Popeyes Chicken launched a “Free Tendies Offer” on Monday as part of a promotional campaign built upon the recent GameStop stock surge.
The surge in trading around GameStop has created a need for the company to provide more collateral to trading partners
Members of the New York Young Republicans staged a “Re-Occupy Wall Street” demonstration Sunday over the financial sector’s manipulation of GameStop stock after a Reddit group launched a buying surge.
Barstool Sports founder and President Dave Portnoy on Friday ripped trading app Robinhood as “flat-out criminal” for restricting purchases of GameStop shares on its platform.
Shares of GameStop and AMC saw tremendous gains this week as an army of small retailer investors beat back sophisticated hedge funds that had bet against the stocks.
Texas Attorney General Ken Paxton on Friday issued 13 Civil Investigative Demands to several trading platforms, including the embattled app Robinhood, in the wake of restrictions placed on GameStop stock thanks to traders on Reddit sending the shares soaring this week.
During a Friday appearance on FNC’s “Fox & Friends,” Sen. Josh Hawley (R-MO) criticized Wall Street for freezing out traders in the wake of trading app Robinhood restricting purchases of GameStop shares on its platform.
Tech giant Google is actively removing negative reviews of the Robinhood trading app from the Google Play Store after users expressed their anger over the trading platform’s halt on buying certain stocks yesterday, including Gamestop.
Yellen will speak to the president after the trading app Robinhood infuriated users for blocking purchases Thursday of stocks popularized by Reddit such as GameStop.
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.
“I don’t think that I have anything more for you on it, other than to say separate from the Gamestop issue the Secretary of Treasury is one of the world-renowned experts on markets, on the economy,” White House press secretary Psaki said during the press briefing.
Robinhood customers on Thursday sued in New York City and Chicago after the trading app restricted GameStop trading on its platform, court documents show.
Rep. Ro Khanna (D-CA) on Thursday called on Congress to investigate Robinhood’s decision to restrict trading on GameStop after Reddit users sent the stock soaring this week.
Rapper Ja Rule is the latest public figure to side with populist investors from the WallStreetBets Reddit community, who have been buying up shares of companies shorted by institutional hedge funds, including Gamestop, AMC Theatres, and Nokia.
Donald Trump Jr. defended the populist investing movement rallying to buy stock in GameStop on Thursday accusing the system of being “rigged.”
The SEC has charged popular stock trading app Robinhood with deceiving customers about how the company makes money and failing to deliver the best execution of trades.
A recent internal probe of Robinhood trading app accounts discovered almost 2,000 customer accounts were compromised in a recent hacking spree.
The Robinhood trading app crashed this week during a major U.S. trading day, preventing customers from making trades as stocks surged, an outage that lasted into Tuesday. Robinhood is blaming “stress on our infrastructure” and the “‘thundering herd’ effect” for the problems, which it vows to fix. The platform’s customers were not impressed.
Popular online brokerage platform Robinhood suffered an outage lasting an entire trading day which prevented customers from making trades as stocks surged Monday. The outage has continued into Tuesday’s trading hours with Robinhood not providing timing for its service to be reinstated.