Robinhood

Robinhood is likely protected by its user agreements from potential lawsuits in the wake of the actions the platform took this week. What Happened: That's according to legal experts spoken to by Reuters. They pointed to language in the user agreement that says Robinhood “may at any time,...

Robinhood has posted a defense over its decision on Thursday to restrict stock purchases. What Happened: The trading platform drew a lot of heat when it restricted purchases of certain stocks, fueling conspiracy theories of being in cahoots with hedge funds that had shorted the stocks. Late on...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Robinhood added additional restrictions to trades on its platform late Friday. The restrictions include the ability to only buy one share...

During one of the most intense earnings weeks of the season, all of Wall Street and most of America has been focused on another incredible investing drama unfolding on an hour-by-hour basis. The WallStreetBets Reddit community sent shares of stocks like GameStop Corp. (NYSE: GME) and AMC...

The fervor of the crowd versus Wall Street commenced during one of Benzinga's live shows. On Jan. 21, Citron Research's Andrew Left went live with Benzinga’s Luke Jacobi and Jason Raznick on the daily "Power Hour" show to discuss his opinion on GameStop Corporation (NYSE:...

Traders hoping to wake up to a return to some form of normalcy might have to wait until next week after Robinhood is temporarily suspending a popular feature among its cryptocurrency users. What Happened: Robinhood users reported early Friday morning they couldn't use instant deposits for...

Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Google is removing thousands of negative reviews left on the Robinhood trading app at its Play Store, the Verge reported Thursday. What Happened: The Robinhood app was blasted with nearly 100,000 negative reviews on Thursday. The total number...

Robinhood is prepping to restore trading in the shares of GameStop Corp (NYSE: GME) and other stocks at the center of the recent retail investor fueled frenzy by accessing a credit facility led by banks, the Financial Times reported Thursday. What Happened: The trading app has accessed a credit...

Vlad Tenev, a co-founder of Robinhood, has spoken to CNBC host Andrew Ross Sorkin on today’s show. What Happened: Tenev said he thought Robinhood had made the right decision today to halt trading on several stocks. “In order to protect the firm and protect our customers, we...

Barstool Sports Founder Dave Portnoy joined Benzinga's "Power Hour" with Jason Raznick to discuss investors not being able to purchase stocks on their brokerages following the massive rise in GameStop (NASDAQ: GME), AMC Entertainment (NYSE: AMC) and others. Investors on many...

Square Inc (NYSE: SQ) shares traded higher Thursday, and Robinhood restrictions on buying popular WallStreetBets stocks like GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc (NYSE: AMC) could be driving the Square buying. What Happened? The trading restrictions have angered...

Video game retailer GameStop Corp. (NYSE: GME) is getting a lot of attention so far in 2021 for its dramatic short squeeze that has sent shares soaring from a 52-week low of $2.57 to as high as $483 Thursday morning.  The GameStop squeeze isn’t a product of the company’s...

Robinhood users can no longer enter new GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc (NYSE: AMC) positions. What Happened: Screenshots from Robinhood users confirm GameStop's stock is "not supported on Robinhood." The commission-free broker is warning customers ...

Social Leverage Acquisition I, a blank check company, filed an S-1 with the Securities and Exchange Commission to raise nearly $300 million in an initial public offering. What Happened: Social Leverage is a venture capital firm specializing in early-stage software, consumer, and fintech investments...