Employees Scrambled to Keep Robinhood Afloat in January 2021 Meme-Stock Frenzy, House Report Finds
Robinhood Markets struggled to handle huge stock trading volumes and fell out with its biggest client, market maker Citadel Securities, during the week of January 2021 when meme stocks surged, according to a report from the Democratic staff of the House Financial Services Committee. The committee held hearings in February 2021, questioning the chief executives …