El CEO de GameStop recibirá $179 millones de dólares por retirarse atomix.vg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from atomix.vg Daily Mail and Mail on Sunday newspapers.
Robinhood is reportedly borrowing at least several hundred million dollars from banks amid GameStop trading frenzy
Robinhood is reportedly borrowing at least several hundred million dollars from banks amid GameStop trading frenzy
Tyler SonnemakerJan 29, 2021, 07:22 IST
Robinhood; Samantha Lee/Insider
The
Robinhood is popular among the
retail investors behind this week s market frenzy involving
GameStop.
Robinhood is drawing down lines of credit to the tune of at least several hundred million dollars, Bloomberg reported Thursday.
The quick decision to seek additional funds from its lenders, which include JPMorgan Chase and Goldman Sachs, suggest that this week s trading frenzy has put a strain on the company, according to Bloomberg s Matthew Monks and Michelle Davis.