Feb 1, 2021
Elon Musk grills Robinhood boss over GameStop row on Clubhouse
Tesla boss Elon Musk has grilled the co-founder of trading app Robinhood, Vladimir Tenev, about why it limited users buying shares in the US games retailer GameStop and other stocks. Mr Musk questioned to what degree Robinhood was "Beholden to" Citadel Securities, which is its biggest client. Mr Musk has previously been critical of short selling, claiming it to be a "Legal" scam. The price of one Bitcoin rose to above $34,000 on Monday morning, up from $33,000, following Mr Musk's comments. Mr Musk said he hoped the technology could be used, in early applications, for humans with serious brain injuries.
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