Today: July 19, 2024
Today: July 19, 2024

Robinhood CEO discusses the brokerage's evolution leading up to another ride on the meme stock wave

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US--Insider Q&A-Vlad Tenev Robinhood
June 24, 2024

SAN FRANCISCO (AP) — Meme stocks like GameStop are hot again, reviving memories of early 2021 when they turned into a craze that ended up burning many investors along with Robinhood Markets. The online brokerage was especially popular among younger generations helped propel the meme stock boom until it became so overwhelmed that it suddenly clamped down on trading. That move outraged many customers who blamed the brokerage for losses, sparking inquiries by lawmakers and triggering lawsuits.

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