New York (CNN Business) Robinhood cashed in on the meme stock craze. Now Robinhood itself is turning into the next plaything for the retail trading crowd. Shares of Robinhood spiked as much as 82% early Wednesday — even though the controversial trading company, which debuted on Wall Street just last week, announced no new developments. Robinhood rallied so much that trading was halted multiple times for volatility. In recent trading, Robinhood was up a more modest 30%.

Source: CNN August 04, 2021 14:31 UTC