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GameStop hearing: Robinhood founder defends halt to trading | GameStop

The chief executive of the Robinhood app has defended the decision to halt trading in GameStop shares at a congressional hearing on Thursday, calling allegations that the company acted to help hedge funds that were hemorrhaging money “absolutely false”. The comments triggered accusations the company was creating a “smokescreen” to deflect blame.Vlad Tenev and other players in January’s GameStop saga appeared before the House financial services committee in the first public hearing in a wide-ranging investigation into trading in GameStop, AMC and other companies whose share values soared as small...
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