Employees scramble to keep Robinhood afloat in January 2021, meme-stock frenzy finds House report

Robin Hood During the week in January 2021, Markets Inc struggled to handle the massive volume of stock trading and tinkered with its key client, market maker Citadel Securities, according to a report by the Democratic staff of the House Financial Services Committee.

committee Hearing in February 2021Interrogating the CEOs of Robinhood and Citadel Securities, as well as the meme-stock hero Keith Gill And Gabe PlotkinThe hedge-fund manager who lost billions in betting against GameStop and other hot stock. Employees reviewed thousands of pages of internal documents, including edgy communications within and between companies.