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Robinhood Desperately Raises Billions More In Capital Again: Is Your Money Safe If It Turns Into A Lehman Brothers Or Bear Stearns?

by moguldom.com posted 4weeks ago 101 views
Robinhood, the online broker at the heart of the day-trading short-squeeze massacre, has received a new injection of $2.4 billion from existing investors — its second capital infusion since Thursday — to cover increased demands at clearinghouses where trades are processed. The app experienced an unprecedented surge in trading last week as rookie retail investors […] The post Robinhood Desperately Raises Billions More In Capital Again: Is Your Money Safe If It Turns Into A Lehman Brothers Or Bear Stearns? appeared first on Moguldom.

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