In a May 28 filing, Robinhood’s lawyers indicated that the company is finalizing a settlement with investors and expects to resolve the case within two weeks. The investors, led by Blue Laine-Beveridge, claimed that Robinhood manipulated the market and caused financial losses by restricting trades in GameStop, AMC, and other popular stocks. From January 28 …
Robinhood has again become central in another meme stock surge. CEO Vlad Tenev shared that Tuesday was one of the year’s busiest days, with $5 billion in daily trades. Robinhood’s monthly equities trading volume in April stood at $70.7 billion, a 17% drop from March’s $87.7 billion. Notably, April 2023 saw a much lower volume …
Robinhood Dominates Meme Stock Trading: $5B Daily Volume Read More »
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