Robinhood denies ‘conspiracy’, prepares to lift GameStop trading restrictions

Vlad Tenev, chief executive of embattled stock trading platform Robinhood, has denied claims the decision to place limits on the trading of GameStop and other stocks was influenced by institutional investors.

Asked by Elon Musk in an interview this morning whether large financial institutions, such as Citadel Securities, had conspired with regulators to squash the coordinated short squeeze, Tenev was quick to dismiss the idea.

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