Robinhood CEO Says Claim About His Company Is Just A “Conspiracy Theory”
(TheDailyHorn.com) – Last week, retail investors on Reddit teamed up to buy GameStop stock and drove the price of the fledgling company stock off the chart. The price went from approximately $40 per share to over $400. However, before the mass stock purchases, hedge fund managers were betting the stock would drop and bought short sale options. They lost a whopping $19 billion. A conspiracy theory ensued that the Robinhood CEO refuted. “Our decision to …