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Monthly Archives: February 2021

The SEC could cripple Robinhood’s business model by enforcing existing rules, experts say

[MarketWatch, Getty Images] Payment for order flow could reemerge as a focus for federal regulators Online brokerage Robinhood has drawn bipartisan ire in Washington after it unexpectedly restricted purchases of share GameStop, Inc. and other hot stocks, and this attention could motivate regulators to curtail its most profitable line of […]

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Jeff Bezos steps down as Amazon CEO

[NBC NEWS, Getty Images] Andy Jassy, the chief executive of Amazon Web Services, will take over as CEO of Amazon. Jeff Bezos said Tuesday that he will step down as chief executive of Amazon, leaving the helm of the company he founded 27 years ago. Bezos will transition to the […]

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Robinhood CEO details 3:30 am call to put up $3 billion

New York (CNN Business) Robinhood received a startling 3:30 am call from its clearinghouse during last week’s Reddit-inspired market chaos asking for the free-trading app to put up a staggering $3 billion, co-CEO Vlad Tenev said Monday. “This was obviously nerve-wracking,” Tenev told Tesla (TSLA) boss Elon Musk during an interview on the platform Clubhouse. […]

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