Stephen Diamond spoke to Protocol.com and KCBS radio about Robinhood’s CEO’s response to the GameStop stock revolt.
“If I were an investor in this company, I’d be very worried,” Santa Clara University law professor Stephen Diamond, a securities law expert and veteran Silicon Valley observer, told Protocol. “If I were a board member or advising their board, I’d say, ‘Look, you can’t put this guy out there. It doesn’t sound like he understands the industry.’ … He comes off as kind of asleep at the wheel, like he just woke up and rolled out of bed. He doesn’t seem to be in command of the facts. It felt like a deer in the headlights.”
