Robinhood raises $2.4 billion from shareholders following GameStop trading frenzy


Some have suggested Robinhood has received outside pressure from hedge funds and the Depository Trust & Clearing Corporation (DTCC). Robinhood Chief Executive Vlad Tenev denied this being the case, saying “I don’t have any reason to believe that, then you’re getting into conspiracy theories.”

Although popular stocks continue to be restricted by the Robinhood platform, it has continued to explode in popularity as the app has been downloaded more than 600,000 times since Friday, the Wall Street Journal reported.