Google reportedly scraps thousands of negative Robinhood reviews
Google removed over 120,000 of negative Robinhood reviews citing violations related to rating manipulation, the firm reportedly said. Google has reportedly deleted thousands of negative reviews of Robinhood on the Google Play Store after the platform suspended trading of several skyrocketing stocks like GameStop, multiple sources claim.Financial analyst Mr. Whale reported on Jan. 28 that Google removed as many as 120,000 negative reviews of Robinhood, pushing the app’s rating from one star to about four stars.Google just removed over 120,000 negative reviews of RobinHood on the App Store.....
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It's been more than a year, but investors continue to make allegations against Robinhood following the January 2021 controversy around trading GameStop and AMC stocks. Cryptocurrency and stock trading platform Robinhood will allegedly face allegations of market manipulation as part of a class-action lawsuit brought by investors in “meme stocks” from nine different companies during a January 2021 rally.According to a Thursday report from Reuters, United States District Court Judge Cecilia Altonaga of the Southern District of Florida ruled that investors in GameStop, AMC and seven other....
Stock trading and investing app Robinhood has reportedly been testing new features, including a crypto wallet and cryptocurrency transfers. “The ability to deposit and withdraw cryptocurrencies is tricky to do with scale, and we want to make sure it’s done correctly and properly.”
Robinhood to Add Crypto Wallet and Transfer Features
Investing app Robinhood is “quietly” testing several new features, Bloomberg reported Monday, describing:
Robinhood Markets Inc. is testing new crypto wallet and cryptocurrency transfer features for its app.....
The White House has clarified that the Biden Administration is not discussing subjecting Elon Musk’s ventures to national security reviews. The Tesla CEO is reportedly preparing to close the $44 billion Twitter buyout deal by Friday to avoid a court trial. No National Security Reviews on Elon Musk’s Ventures The White House has reportedly clarified that reports of national security reviews of some of Elon Musk’s ventures are not true. While declining to comment on the Biden administration’s relationship with the Tesla boss or his companies, White House press....
Regulators said the trading app should pay restitution to users like the 20-year-old who committed suicide after an erroneous negative balance appeared in his account. The U.S. Financial Industry Regulatory Authority is penalizing Robinhood to the tune of roughly $70 million based on the results of an investigation into the stock and cryptocurrency trading app.In a Wednesday announcement, the Financial Industry Regulatory Authority, or FINRA, said it had ordered Robinhood to pay $57 million in fines to the regulatory body as well as provide roughly $12.6 million in restitution to certain....
The US-based stock and crypto trading platform has reportedly secured a 60% cut on the initial offer made to Ziglu due to poor market conditions. Stock and crypto investment platform Robinhood has reportedly scored a 58% cut on its $170 million offer to buy crypto exchange Ziglu due to adverse market conditions.The initial offer from Robinhood came in April, however according to various reports online around Aug.17, the company revised its offer to $72.5 million after citing adverse market conditions. Ziglu CEO Mark Hipperson reportedly accepted the offer on Aug. 18.Robinhood is said to....