Robinhood
What to expect from Robinhood, Reddit and Citadel
The chiefs of Robinhood, Reddit, Citadel and Melvin Capital, are headed to Washington for Thursday’s highly anticipated GameStop hearing at the U.S. Congress. Lawmakers will get their chance to grill the CEOs, as well as the Reddit trading star known as Roaring Kitty, about last month’s GameStop trading turmoil. Robinhood CEO Vlad Tenev, Melvin Capital …
Parents sue Robinhood after son commits suicide believing he owed $730K
The parents of a 20-year-old man who committed suicide after mistakenly believing he owed $730,000 to Robinhood plan to file a wrongful death suit against the stock-trading app, according to a report. University of Nebraska student Alexander Kearns, who had begun dabbling in trading, ran into problems on June 11 when the app put a …
Robinhood says restrictions on GameStop due to tenfold increase in deposit requirements
The Robinhood application on a smartphone. Bloomberg | Bloomberg | Getty Images Online broker Robinhood said that it put temporary buying restrictions on a small number of securities because central Wall Street clearinghouse-mandated deposit requirements for equities increased tenfold. The decision by Robinhood, a free-trading pioneer and app that’s popular among small investors, drew scrutiny …
3 Robinhood Stocks That You Can Buy and Hold Forever
Many of the most popular stocks on the Robinhood trading platform are indisputably risky. Beleaguered airlines and cruise lines. Speculative biotechs. Shaky energy companies. They’re not the kinds of stocks you can buy and rest easy. This isn’t true of all of the stocks on Robinhood’s top 100 most popular list, though. Several are anything …
Robinhood app is down, outage leads to backlash amid markets rebound
Robinhood, the trading app popular with millennials, experienced a major outage on Monday that locked out iOS, Android, and web users for nearly the entire day of trading. The outage came just as the market rebounded from one of the worst weeks since the financial crisis. Robinhood users are furious — and some are demanding …