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  • Robinhood CEO explains trading restrictions

    Robinhood co-founder and co-CEO Vlad Tenev speaks onstage during the TechCrunch Disrupt New York event on May 10, 2016.

    Noam Galai | Getty Images for TechCrunch

    The co-founder of Robinhood took to invitation-only audio chat app Clubhouse to defend the investment platform’s decision to restrict trading in GameStop and other volatile stocks.

    GameStop shares have climbed more than 1,500% since the start of the year, fueled in no small part by a wave of retail investors inspired by the Reddit board WallStreetBets. Such investors piled into GameStop and other heavily shorted stocks, resulting in huge losses for some hedge