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Robinhood CEO accused of ‘lying’ on CNN after claiming he halted stock purchases to adhere to vague ‘regulatory requirements’ ...News
Robinhood CEO Vlad Tenev is facing a heavy backlash after he attempted to defend his trading app’s decision to stop users from buying certain stocks, claiming it had “no choice.” Tenev was interrogated by CNN’s Chris Cuomo on Thursday amid the Robinhood-GameStop stocks controversy, with the CEO claiming his decision was made to adhere to vague “regulatory requirements” and not to protect wealthy hedge funds that were shorting the stocks. After Cuomo highlighted the irony of the company being called Robinhood – a legendary outlaw who stole from the rich to give to the poor – when the compa
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