AOC, Ted Cruz slam Robinhood for freezing some trades amid GameStop volatility...


TechCrunch | 2021-01-28 17:49 UTC

With Reddit's interest in sending some stocks soaring showing no sign of slowing down, the trading app Robinhood started restricting some transactions Thursday morning. Reddit wasn't happy — and neither are some lawmakers. Rep. Rashida Tlaib called Robinhood's decision "beyond absurd" and suggested that the House Financial Services Committee hold a hearing on what she deemed "market manipulation" from the personal finance startup. "They're blocking the ability to trade to protect Wall St. hedge funds, stealing millions of dollars from their users to protect people who've used the stock market as a casino for decades....

By Anonymous Submission on 2021-01-28 22:24 UTC
  • Need an account?  
    or