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Robinhood co-founder defends move to halt frenzied trades that sent GameStop soaring

Tenev insisted it's 'categorically false' that Robinhood was forced to halt trading by market makers

By

Penny Sukhraj

Vlad Tenev, co-founder of trading app Robinhood, blamed 'misinformation' in the markets when he was put on the spot on 28 January over the commission-free firm's decision to halt trading, with questions raised over whether Robinhood was siding with Wall Street
Vlad Tenev, co-founder of trading app Robinhood, blamed 'misinformation' in the markets when he was put on the spot on 28 January over the commission-free firm's decision to halt trading, with questions raised over whether Robinhood was siding with Wall Street Photo: Getty Images

Robinhood co-founder Vladimir Tenev has defended the firm's decision to halt the trading activity that triggered a dramatic spike in the share price of video game retailer GameStop.

The firm is resuming trading today on the investing app after shutting it down on 28 January when a wave of retail investors sent GameStop's shares soaring.

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