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Musk’s Clubhouse questions to Robinhood’s chief executive, 31 January 2021

On a live audio show on Clubhouse, Elon Musk, a guest, took over the questioning and asked Robinhood chief executive Vlad Tenev about the week’s trading limits and about Citadel.

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Dates
31 Jan 2021

TechCrunch transcribed the part of the show in which Elon Musk questioned Vlad Tenev about Robinhood Markets’s restrictions.

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involved

  • Elon Musk guest on the show; asked the questions Scholarship & press 1
  • Vlad Tenev guest; Robinhood’s chief executive Scholarship & press 1
  • Citadel Securities named in Musk’s question; Tenev said it and other market makers were not involved in the clearinghouse decision Scholarship & press 1

    Musk and Tenev both said “Citadel”. Robinhood’s orders went to Citadel Securities, the market maker, not to Citadel, the investment manager.

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Timeline 1 date
  1. 31 Jan 2021 Musk’s Clubhouse questions to Robinhood’s chief executive, 31 January 2021
Proof 1 source
  1. Elon Musk busts Clubhouse limit, fans stream to YouTube, he switches to interviewing Robinhood CEO, TechCrunch, 31 Jan 2021. Scholarship & press
    To what degree are you beholden to Citadel?
    But wouldn’t they have a strong say on who got put in charge of that organization, since it’s an industry consortium, not a government regulatory agency?
    There was a rumor that Citadel or other market makers kind of pressured us into doing this and that’s just false.
    I don't have any reason to believe that. I think that's just like, you know, then you're getting into kind of the conspiracy theories a little bit.
    Citadel and other market makers weren’t involved in that.
    Suddenly, Musk turned interviewer and had Tenev unpack what had happened in the last week with the Wall Street Bets debacle.
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