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Sorkin on corporate action against restrictive voting laws: It's about profits, not politics msnbc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msnbc.com Daily Mail and Mail on Sunday newspapers.
Andrew Ross Sorkin grilled Robinhood CEO Vlad Tenev Thursday over the brokerage app’s much-criticized decision to cut off trades amid the chaos concerning GameStop and other companies. Robinhood received a great deal of bipartisan condemnation, even from lawmakers, for the trading freeze, with many recalling when the company tweeted back in 2016, “Let the people trade.” Let the people trade. So Sorkin put Tenev on the spot about the massive backlash toward Robinhood and asked him why his company had restricted the ability for his clients to do anything but sell shares in some of the recently boosted stocks. “There are, frankly, as you know, a lot of angry customers out there and a lot of questions about what took place and the decisions that you made to limit so many of your customers’ ability to buy stocks like GameStop, questions about whether you have a liquidity problem, whether you’re trying to protect them from themselves, whether Citadel did ....