Finally, Robinhood is facing claims of market manipulation during the 2021 “meme-rally” by US Judges. Very well deserved for them.
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A US judge just confirmed that Robinhood must face the claims of market manipulation by restricting trading during the 2021 meme-stock/crypto rally. After the many other problems including ever-decreasing users this is another one for Robinhood and actually a very well deserved one as they did indeed manipulate markets back then.
I still remember how we were having claims that trading is not processing on Robinhood servers etc just as the crypto or meme stock started to pump and then made it dumb as no one could actually trade it. That’s clear market manipulation. I’m happy that they are losing now and nobody cares about their Crypto wallet anymore because they would be the very last CEX you would want to buy crypto at.
submitted by /u/partymsl
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