Staff scramble to keep Robinhood Afloat in January 2021 Meme-Stock Frenzy, House Finds Report

Robinhood Market According to a report from the Democrat staff of the House Financial Services Committee, has struggled to handle the huge volume of stock trading and has befallen its main client, the market maker. Citadel Securities, during the week in January 2021 when the meme stock boomed.

The Commission held hearings in February 2021, questioning the executives of Robin Hood hero and Citadel Securities, as well as meme-stock heroes Keith Gill and Gabe Plotkinhedge fund manager who lost billions of dollars betting with GameStop and other hot stocks. Employees reviewed tens of thousands of pages of internal documents, including internal and inter-company communications.

https://www.wsj.com/articles/employees-scrambled-to-keep-robinhood-afloat-in-january-2021-meme-stock-frenzy-house-report-finds-11656185206?mod=rss_markets_main Staff scramble to keep Robinhood Afloat in January 2021 Meme-Stock Frenzy, House Finds Report

Luke Plunkett

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