As the GameStop saga continues, has once-plucky startup Robinhood turned its back on its values?
This startup’s whole value proposition is about democratising share trading, but amid the GameStop saga, it seems to have lost its way.
This weekend saw the Wall Street saga around GameStop and other stocks ramp up a few notches, and then some.
US-based trading platform Robinhood halted trading in shares of the beleaguered bricks-and-mortar game store, along with AMC, Blackberry, and a number of other so-called ‘meme stocks’, leading to calls of conflict of interest and an exodus of customers.
According to Robinhood, it was a regulatory necessity. But, this startup’s whole value proposition is about democratising share trading.
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