Robinhood reveals it lost $1.4bn to GameStop chaos as it files for IPO The trading app will reserve up to 35pc of its float shares for its customers, who now have $81bn of assets in its custody 2 July 2021 • 12:55am Robinhood made a loss of $1.4bn (£1bn) in the first three months of this year amid the GameStop chaos, the stock trading app revealed as it applies to go public. A massive buying frenzy driven by retail investors on Reddit forced Robinhood to raise emergency funds that cost it $1.5bn and tanked its finances for that quarter, according to paperwork filed with US regulators on Thursday.