Robinhood CEO Vlad Tenev said his free stock-trading app had been initially told by its stock clearinghouse that it would need to come up with $3 billion to cover the risk caused by the surges of GameStop and other so-called meme stocks. But that was cut down to $700 million early Thursday after Robinhood agreed to prevent its retail clients from making further purchases of those shares. While...
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Robinhood CEO Elaborates on Cash Crunch With Elon Musk
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