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A Reddit trader claims to have found a new ‘infinite money’ glitch on Robinhood — one that piggybacks on November’s exploits
The strategy involves an "iron condor" options strategy, and the Reddit trader says it works with Facebook, Amazon, and Take-Two Interactive stock.
Robinhood’s ‘infinite money’ glitch has reportedly drawn regulatory scrutiny — and the company could be fined
The Securities and Exchange Commission and the Financial Industry Regulatory Authority are the two agencies most likely to investigate the matter.
The jig is up: Robinhood says it’s closed the ‘infinite leverage’ loophole that allowed users to build positions worth millions
The trading platform has implemented a "permanent update" meant to "prevent anyone from engaging in this pattern of trades," a spokesperson said.
A stock-trading Reddit forum has minted a group of hall-of-famers who best exploited Robinhood’s ‘infinite leverage’ glitch. Here...
The list includes the trader who first discovered the glitch and one who allegedly lost $180,000 and had his account suspended.
Copycat traders are one-upping each other as they exploit Robinhood’s ‘infinite money’ glitch — and one user now holds a $1.7 ...
Though the glitch was only discovered days ago, some traders are racing to exploit the bug for increasingly large trades.
The groundbreaking app turning millennials into stock traders is now said to be worth more than $1 billion
Investors now believe Robinhood is a "unicorn" valued at $1.3 billion.
Robinhood, the no-fee stock-trading app, has launched Robinhood Gold, a premium tier with features like a lines of credit and after-hours trading.