Robinhood shares tumble on PayPal news, SEC scrutiny

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Business Insurance - Aug 31, 2021

Shares of Robinhood Markets Inc., a popular gateway for trading meme stocks, tumbled nearly 7% on Monday on news that PayPal Holdings Inc. may start an online brokerage and a report saying regulators were looking at a possible ban on a practice that accounts for the bulk of the company’s revenue....

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