How Robinhood went from dreams of a $20 billion IPO to Wall Street disaster in just 5 days - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Ireland News News

How Robinhood went from dreams of a $20 billion IPO to Wall Street disaster in just 5 days

. In the span of one week, from Friday January 22 to Friday January 29, Robinhood's carefully plotted IPO trajectory hit a speed bump that jolted the fundamental premise of its business and forced its private investors to pump billions of dollars into the company.

Over the next several days, amateur traders piled into GameStop, often using Robinhood's commission-free app to buy shares or call options, and triggered an epic short squeeze that drove the stock ever higher as hedge funds scrambled to cover their shorts by buying shares. The WallStreetBets crowd directed their online ire toward Robinhood, even though other trading platforms had made similar decisions to restrict volatile stock purchases.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

You also said $dash doordash was going to be a flop to .. your journalism is terrible ..

Don’t forget to one star review them for market manipulation every body!

techinsider WallStreetIsPonziStreet.

So it was written, so it shall be done.

the power belongs to the people

SAI No dog in this fight but this headline is going to look mighty dumb when they IPO billions above that $20B number in a few months.

SAI now tell the story of how Robinhood is holding the accounts/stock positions of users trying to transfer out of the app hostage. there are thousands of users with this issue and the other trading house - fidelity, TDAmeritrade and others - can confirm this.

Im so glad I got off their terrible platform Click this link, get 4 free stocks for signing up

That happen when you CONTROL the FREE market. 🤦🏻‍♂️

It’s the hair

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines