WATCH: Robinhood CEO defends decision to limit trading after short squeeze amid firestorm

Amid a firestorm of controversy, Robinhood CEO Vlad Tenev defended the company’s decision to disallow buying of Gamestop and some other equities Thursday, while still allowing selling.

Tenev claimed they must “prudently manage the risk and the deposit requirements.”

Tenev has faced a firestorm of criticism from both Republicans and Democrats.

Dave Portney’s video slamming Robinhood has over 2 million views on Twitter.

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