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GameStop hearing: Robinhood founder defends halt to trading

Vlad Tenev accused of creating ‘smokescreen’ to deflect blame before House financial services committee

The chief executive of the Robinhood app has defended the decision to halt trading in GameStop shares at a congressional hearing on Thursday, calling allegations that the company acted to help hedge funds that were hemorrhaging money “absolutely false”. The comments triggered accusations the company was creating a “smokescreen” to deflect blame.

Related: GameStop hearing live: Robinhood CEO and others in trading saga testify before Congress

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