AOC and Ted Cruz Criticize Robinhood for<br />Restricting Customers' Ability to Trade.<br />On Thursday, Robinhood announced that it had limited<br />trade in certain stocks, including GameStop. .<br />In a post to social media, Robinhood said its decision was<br />due to “market volatility” caused by the r/WallStreetBets Reddit<br />forum, which pushed GameStop shares to skyrocket 1,500 percent.<br />Multiple lawmakers from both major parties<br />have condemned Robinhood, accusing it of<br />manipulating the market in favor of hedge funds. .<br />Among them was Democratic Representative<br />Alexandria Ocasio-Cortez, who took to Twitter<br />to call Robinhood’s decision “unacceptable.”.<br />This is unacceptable … We now need to know more<br />about @RobinhoodApp’s decision to block retail<br />investors from purchasing stock while hedge funds<br />are freely able to trade the stock as they see fit, AOC, via Twitter.<br />AOC also said that as a member of the Financial Services<br />Committee, she’d “support a hearing if necessary.”.<br />Republican Senator Ted Cruz chimed in soon<br />after, writing “fully agree” in response to AOC’s post. .<br />AOC responded to Cruz, declining to work<br />with him on this issue and urging him to “resign.”.<br />I am happy to work with Republicans on<br />this issue where there’s common ground,<br />but you almost had me murdered 3 weeks<br />ago so you can sit this one out. , AOC, via Twitter
