Business
‘The people demand answers’: Elon Musk grills Robinhood chief executive on GameStop – Sydney Morning Herald
The world’s richest man questioned the chief executive of trading platform Robinhood over the GameStop sharemarket battle on private social network Clubhouse.
Did something maybe shady go down there? Musk asked.
I wouldnt impute shadiness to it or anything like that and actually the NSCC (The National Securities Clearing Corporation) was reasonable subsequent to this … it was unprecedented activity, Tenev replied.
The battle has caused the share price of obscure US video game retailer GameStop to soar after a community of online share traders organised via the Reddit forum WallStreetBets piled into the stock hitting US hedge funds which had short positions…
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