𝚃𝚑𝚎 𝚁𝚘𝚋𝚒𝚗𝚑𝚘𝚘𝚍 𝚃𝚛𝚊𝚍𝚒𝚗𝚐 𝙰𝚙𝚙 𝙸𝚜 𝙶𝚎𝚝𝚝𝚒𝚗𝚐 𝙷𝚊𝚖𝚖𝚎𝚛𝚎𝚍 𝙸𝚗 𝙽𝚎𝚠 𝚁𝚎𝚟𝚒𝚎𝚠𝚜
The GameStop story took a turn when trading platform Robinhood - which was the app of choice for many of reddit’s traders - briefly restricted buying on a few key shares, including GameStop.
That anger spilled outward and eventually into the App Store, with mostly positive reviews turning into a torrent of negative reviews almost overnight, hurting Robinhood’s reputation ahead of its own upcoming IPO (which it completed in July).
CEO Vlad Tenev ended up writing a blog post outlining why the real culprit of the entire saga was actually the US two-day trade settlement period, known as T+2. True or not, Robinhood’s reputation had taken a hit.
𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐
