HOOD - Robinhood CEO Says Exchange Is Ready For Roaring Kitty Livestream Surge: 'We Are Prepared' For GameStop Frenzy | Benzinga
Robinhood Markets Inc (NASDAQ:HOOD) is making headlines as CEO Vlad Tenev addresses the company’s preparedness for the recent surge in GameStop Corp (NYSE:GME) shares and its strategic acquisition of Bitstamp.
This follows Keith Gill, known as Roaring Kitty, announcing a livestream, causing GameStop shares to soar by 47%.
In an interview with Fox Business on Thursday, Tenev assured that Robinhood is ready for increased trading volume.
“We are prepared. We’ve been working on improving the infrastructure tremendously,” he said.
Tenev highlighted the company’s 24-hour market trading, which allows customers to trade stocks 24 hours a day, five days a week. “So much of this activity starts on the weekends or late at night, Sunday evening in this case,” he said.
Tenev was asked what he was doing Sunday night ...