People are pissed at Robinhood and jumping ship after it blocked Gamestop, AMC buys

People are pissed at Robinhood and jumping ship after it blocked Gamestop, AMC buys

Robinhood has blocked people from buying Gamestop, AMC, Nokia, and Blackberry shares and users are pissed off. 

A collective of Reddit users have been using the stock trading platform to juice certain stocks — Gamestop chief among them — driving share prices way up and forcing massive hedge funds that shorted the stocks into a money-losing corner. Users figured out a way to collectively increase the value on their shares while kneecapping financial giants that had taken short positions against struggling businesses. But now Robinhood — a commission-free stock trading app — has entirely blocked the purchase of shares that the Reddit users targeted, namely $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK.  Read more…

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