Home » Markets » GameStop drama dings Robinhood IPO, CEO firmly at helm
GameStop drama dings Robinhood IPO, CEO firmly at helm
People close to Robinhood say it has temporarily halted moves to go public: Gasparino
Sources tell FOX Business’ Charlie Gasparino that Steve Cohen’s Point72 hedge fund reopens to new investors after losses tied to Melvin Capital and GME short.
Robinhood Markets Inc. will likely suffer collateral damage as a result of its recent turmoil when it debuts on the public market, but co-founder and CEO Vladimir Tenev should maintain control.
Continue Reading Below
The Menlo Park, California-based trading-app developer found itself in the middle of controversy last week after restricting trading in a number of highly volatile companies that were the target of a short squeeze. The decision enraged customers and resulted in the company scrambling to raise cash.