![]() We're doing everything in our power to make sure this won't happen again." Where’s the money? ![]() "To our customers, I'm sorry, and I apologize. "Despite unprecedented conditions, what happened is unacceptable to us," Tenev said. Tenev said Thursday that these collateral obligations increased tenfold between January 25 and January 28, as GameStop rose from $76 a share to over $347, then back down to $193. Further Reading The complete moron’s guide to GameStop’s stock roller coasterAs we've covered previously, the high volatility of GameStop and other so-called "meme stocks" last month meant Robinhood was suddenly forced to provide much more collateral to the stock clearing houses that actually process its trades.
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