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0.000160367776768061 0.000962206660608213 0.00155022184209115 0.00336772331212912 0.000160367776768061 -0.000374191479125576 -0.00196717806168826 -0.0124012401774738
Stock impact report

Here’s what Robinhood executives allegedly said internally at the height of the GameStop short squeeze [CNBC]

GameStop Corporation (GME)  More Company Research Source: CNBC
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
PDF In one instance, Robinhood Chief Operating Officer Gretchen Howard acknowledges that the start-up was facing a “major liquidity crisis,” according to the suit. Publicly, the company’s chief executive was saying the opposite. “This clearing thing seems pretty scary to me. I would say this is our biggest fire right now,” Robinhood’s director of engineering said in a Slack message, according to the lawsuit. Robinhood executives had a lot to talk about the week Reddit users were driving a historic short squeeze in GameStop. New documents in a lawsuit allegedly show internal conversations between executives panicking over how to meet financial requirements, debating the severity of a Reddit-driven short squeeze and contradicting the CEO’s public statements. Plaintiffs in the claim, which was filed in the U.S. District Court in the Southern District of Florida, allege they suffered damages when Robinhood enacted trading restrictions on Jan. 28 amid volatile activity in GameStop and othe [Read more]
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