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Robinhood Blocks Purchases of GameStop, AMC and Others

2021-01-28 8 Dailymotion

Robinhood Blocks Purchases of GameStop, AMC and Others.<br />After days of rallies fueled by Redditors, investment app Robinhood has restricted <br />the trading of several highly-volatile stocks.<br />Affected stocks include GameStop, AMC, <br />Nokia, Naked Brand, Koss, Express, <br />BlackBerry and Bed Bath & Beyond.<br />Investors are only able to <br />sell shares held with these companies.<br />Our mission at Robinhood is to democratize finance for all... We continuously monitor the markets and make changes where necessary, Robinhood, via press release.<br />Some users in the Reddit forum, r/WallStreetBets, are already proposing a class-action lawsuit, implying that Robinhood is guilty of "market manipulation.".<br />Similar freezes were instituted by TD Ameritrade and Charles Schwab on Wednesday

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