Good morning. It’s a chilly start to February here in New York, where an extreme nor’easter is expected to dump a foot of snow on the city as temperatures hover in the upper 20s.
Similarly, the maelstrom around Robinhood and the so-called memestocks (ahem, GameStop) continued swirling over the weekend.
The stock trading app has drawn criticism and (unproven) accusations of collusion with institutional investors over its pausing the buying of shares in companies including GameStop and AMC last week. And in what felt like a bizarre collision of some multiverse, Tesla CEO Elon Musk spoke with Robinhood CEO Vlad Tenev on Clubhouse late Sunday over Robinhood’s decision.
It started out as a Good Time show interview of Musk himself, though Tenev’s entry soon turned Musk into the interviewer. “Did something shady go down here?” the Tesla CEO asked at one point.
Tenev denied any shadiness and, when asked why … Read the rest