US Congressional Report on Meme Stocks Reveals Robinhood’s Culture of Growth Over Stability
Robinhood's unique business model strained the market's capacity to accommodate retail orders, as per US House Committee report.
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
Controversial payment for order flow (PFOF) was central to GameStop's short squeeze saga. Is the model making a resurgence in decentralized form?
Robinhood's unique business model strained the market's capacity to accommodate retail orders, as per US House Committee report.
The public is becoming increasingly vocal in its anger at Citadel Securities for alleged market manipulation.
Dark Pools continue to erode the integrity of the American stock market. Gensler sees this—will he take action?
SEC Chairman Gary Gensler said that a full ban on payment for order flow is "on the table," prompting some investors to dump $HOOD.
Interactive Brokers founder Thomas Peterffy believes the US won't crack down on PFOF.
In 2020, Robinhood earned a whopping $719 million from its PFOF business model—but is that a conflict of interest?
Cunningham concludes that "meme stock" prices do not reflect the law of supply and demand.
When zooming out, Robinhood and Citadel joined at the hip couldn’t have happened any other way.