Good news, job seekers! The popular stock trading app, Robinhood, is now looking to hire a government lobbyist!
The company, whose motto is "democratize finance for all," gained popularity in recent years for its simplicity in allowing investors with only a small amount of money get into the stock market and cryptocurrency.
However, the company came under intense scrutiny this past week after it cut off users from purchasing a specific list of stocks, notably Gamestop and AMC, that were surging thanks to r/WallStreetBets on Reddit. The app halted trades and "instant deposits," and were called out by the likes of Elon Musk and Mark Cuban.
Now, the company is looking to hire an in-house lobbyist. The position will “focus on federal advocacy and government affairs related to legislative and regulatory matters, and will report to our Deputy General Counsel of Litigation, Regulatory Enforcement & Investigations, and Government & Regulatory Affairs,” according to the posting.
Robinhood spent $275,000 on lobbying in 2020 with 8 lobbyists on retainer, according to The Hill.