Robinhood CEO Vlad Tenev said on CNBC Thursday the company doesn't have liquidity issues.Tenev also defended the company's choice to pause trading of some stocks, which outraged customers.Robinhood CEO Vlad Tenev shot down speculation on Thursday about the company's finances, telling CNBC's Aaron Ross Sorkin"there was no liquidity problem." "at least several hundred million dollars" from banks amid the recent trading frenzy on its platform.
"Some of these requirements fluctuate quite a bit based on volatility in the markets, and they can be substantial in the current environment where there's a lot of volatility and a lot of concentrated activity in these names that have been going viral on social media," Tenev said. Those names include GameStop, AMC Theaters, Nokia, and other stocks that have been the target of short-squeezes, largely sparked by the online community r/WallStreetBets, a group of mostly retail traders that helped drive share prices up — and in doing so, caused short sellers to lose billions of dollars on their positions.
Who knew the lead singer of The Goo Goo Dolls still looked so young? Must be the blood and souls of all the babies he's consuming, with no f***s given.
'Let the people trade' my ass
His hair, that is all I need to know.
Jail !
Liar! I don’t need someone babysitting my portfolio. They straight up manipulated stock. Look what happened. Only now you can rebuy after they popped the pimple. Buckle up buddy! This is only the beginning of 💩 you started.
Seems pretty contradictory to what was reported
Romania? Bulgaria?
They have done this type of thing many times. Finally it is getting the attention it deserves. This is not a free market when you restrict the direction that the stock could go.
*cough*bullshit*cough
Robinhood stops trading for GME and other stocks bc Dan Sundheim’s $20 Billion D1 Capital Loses About 20% This Month. In August 2020 D1 invested $200 million. Isn't this market manipulation and conflict of interest!
They are stopping buying in order to allow short positions to take down the price and giving retail only the ability to sell into the short momentum. This is manipulation of the market and it is criminal.
'FREEMARKET'
thank you very much for your work
I hope they get Steve Carell to feature in this sequel to the big short
Stranger things have happened. I suppose.
they should be in prison after this shit
He has strong Pharma bro vibes...