Robinhood reduces the number of companies with trading restrictions from 50 to 8, according to its website; GME, NOK, and BB are still among those restricted
Here's the question: If their bank lines plus investor capital raise solved their clearinghouse deposit shortfall, why are they still restricting trading in any names? https://twitter.com/...
Looking for more? Take a deep dive in our coverage of GameStop, Robinhood and amateur investors' battle with hedge funds on Wall Street this week: https://www.nytimes.com/...
Robinhood's distress follows a familiar narrative: A Silicon Valley company that promised to disrupt an industry ends up being overcome by the forces it unleashed and has to be reined in by regulators, or in this case, the industry it promised to change. https://www.nytimes.com/.…