reports prevention Bill

Robinhood Plans Super Bowl Ad In Bid To Repair Brand Damaged By Actions During GameStop-AMC Saga

Reading now: 365
deadline.com

Personal finance startup Robinhood will run an ad on Sunday’s Super Bowl broadcast on CBS as it looks to repair damage to its reputation from its actions during the GameStop-AMC stock frenzy. (Watch the ad above.)Founded in 2013, Robinhood is a digital investing platform that bills itself as a democratizing force in the investment world.

But it drew fierce criticism in January for putting curbs in place to prevent traders, who had organized into a potent force on Reddit, from trading shares of companies like GameStop and AMC Entertainment.

Those stocks, along with others with institutional money wagered on their declines, had been put in a “short squeeze” by retail traders, resulting in a bonanza for some individual investors but billions

Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA