Robinhood CEO Says Restricted Buying Protects Firm and Customers

Robinhood CEO Says Restricted Buying Protects Firm and Customers

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses Robin Hood's decision to temporarily disable buying certain securities due to financial requirements and market volatility. The decision was not influenced by market makers or investors but was made to protect the firm and its customers. The impact on users, particularly the ability to sell but not buy, is addressed. The transcript also covers the scrutiny from political figures and the public, emphasizing the need for compliance with financial regulations and the importance of educating the public about market mechanics.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is Robinhood's stance on individual investors according to the speaker?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What did the speaker mention about the public's understanding of financial market mechanics?

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