with billionaire and Tesla CEO Elon Musk, Robinhood CEO Vlad Tenev disclosed that his company had to restrict the trading of the stocks amidst the market frenzy after clearing firms—which help resolve all transactions on Robinhood—demanded extra capital to help offset the high volume of transactions being processed.
among U.S. politicians as both prominent Republican and Democratic leaders in Congress attacked Robinhood and Wall Street ‘elites’ for restricting trading amidst a rally of these stocks and called for a congressional hearing over the incident.Tenev told Musk that Robinhood was planning to ease limits on buying GameStop shares this week, but had at the time noted that some limits will remain as the company doesn’t have “infinite capital.
How convenient for them when the price is now 50 bucks on GameStop
They open it now when their whales friends are safe
They deactivated my account and I haven’t been able to contact them to reactivate it.. it’s been over a week!
'meme stocks' 🙃