Bloomberg Technology
Robinhood Says No One Directed Them to Restrict Buying
Jan.29 — Vlad Tenev, co-founder and chief executive officer of Robinhood Markets, says the firm restricted buying of certain stocks to protect its financial position and its customers. He speaks to Emily Chang on “Bloomberg Daybreak: Asia.”
Bloomberg Technology
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zer0edgy
January 29, 2021 at 6:55 pm
Can someone explain to me how they can legally do this? Is this written into their TOS?
Tommy
January 29, 2021 at 6:56 pm
That’s BS. Let’s leave Robinhood and move to SoFi!
lulu belle
January 29, 2021 at 6:58 pm
This man is a fraud he is a wolf in sheeps clothing
Kido Wan
January 29, 2021 at 6:58 pm
last nights interview
Donn Burge
January 29, 2021 at 6:59 pm
JAIL TIME
lulu belle
January 29, 2021 at 7:01 pm
1:50 if you stand with your customers why in your terms does it say you can sue of the site in down and you loose money cuz you cant sell Anytning? You dont have customers you have products well walstreet is your customers actully and your users are the product
lulu belle
January 29, 2021 at 7:02 pm
I hope this man ends up in prison for life cuz he is nothing but a thug
Rigo
January 29, 2021 at 7:04 pm
Ass hat
Kido Wan
January 29, 2021 at 7:06 pm
Bullshit Vlad. You were short and you lost big. Your clearing houses were short and they couldn’t cover daily’s. Melvin shorted 140% a company’s entire stock and got stuck in a squeeze, so his buddies gave him a few billion to cover calls for a few days.
So…. You (and a couple other brokers) stopped the buyers and holders from their “normal”, investor 101 textbook tactic (technically speaking), marketing strategy move.
These actions, IF implied communication between you, makes you ALL co-conspirators. WTF!
To the public. BUY AND HOLD! You should be pissed off.
Trace H
January 29, 2021 at 7:09 pm
It protects the firm and hedge funds. This man made a mistake and like a true gambler doubled down, now hes building a lengthy criminal resume of infringement and market manipulation. All before his company ever even gets to public. Sad. To CashApp i go
Shano Sam
January 29, 2021 at 7:09 pm
Soon, the comments will be disabled and the likes hidden.
hemdrup
January 29, 2021 at 7:12 pm
B.S alert
Paul
January 29, 2021 at 7:16 pm
Your company will die in a fire of lawsuits. We won’t miss you.
Irwin Hunter
January 29, 2021 at 7:19 pm
they should take away his the name Robinhood. Nothing Robinhood-a-like they are doing. Rather the contrarary…
They should run this clip through an episode of Lie to Me and share it here on youtube.
Austin W
January 29, 2021 at 7:37 pm
Great interview for Vlad and everyone on/at Robinhood. They should continue to try and get out front of all the misinformation and other bs asap. What Robinhood here is not only not illegal but also the right idea. They could have changed the margin requirements and jacked them up instead of stopping buying but it is of the same effect. It’s good they didn’t shut down the sell-side because then they would have done something questionable/possibly illegal. All else being equal they should continue spreading the truth about it all.
ToSeeThe Sea
January 29, 2021 at 7:54 pm
Who are your customers? Not retail obviously.
alex F1
January 29, 2021 at 8:54 pm
condom mandatory guys because that’s how I like you to have sex. It’s for your protection
M G
January 29, 2021 at 8:57 pm
Pure slime. Pos . Find him
Gerardo Buenrostro
January 29, 2021 at 9:12 pm
This is BS
Jackie Goodman
January 29, 2021 at 9:18 pm
Somebody smack him
Raul Tineo
January 29, 2021 at 10:12 pm
I see Robinhood just like gamestop stock price. Went up overnight, closed low Thursday and going up and down friday as people were leaving to another firm. At the end of all this, they plummet along with gamestop stock. Probably before gamestop.
Tong T
January 29, 2021 at 10:36 pm
Very suspicious that RH halted buying the stocks but allowed users to sell. This benefited short sellers and hurt retail investors. It’s owning free market for the big suits🤦🏻♂️
A. Ali
January 29, 2021 at 11:21 pm
Vlad let Indian brother talk man .. you are a drakula child man … i love robinhood …. you will goober it upp ……
Dusty D
January 30, 2021 at 12:12 am
Subpoena executives’ emails and all communication during the GME situation, only way to know for sure.
ғɪʀᴇ77
January 30, 2021 at 1:03 am
Even CNN wasn’t believing you lol