Robinhood reportedly shelves IPO plans in wake of GameStop PR disaster
Cointelegraph
Published Feb 02, 2021 06:58AM ET
Updated Feb 02, 2021 02:40PM ET
Trading app Robinhood may have put its plans for an initial public offering on hold after public opinion turned against the company in the wake of its response to the short squeeze on GameStop (NYSE:GME).
According to Fox Business Network’s Charles Gasparino, sources inside Robinhood say the company’s only focus is surviving the fallout from the drama it currently finds itself engulfed in, and will pause its plans for an IPO launch for now.
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Written By: Cointelegraph
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