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Robinhood Removes Trading Restrictions on GameStop and AMC

2021-02-05 30 Dailymotion

Robinhood Removes Trading Restrictions on GameStop and AMC.<br />Last week, the free trading app limited how much stock investors could buy in GameStop, AMC and more following volatility at the hands of Redditors.<br />For a short while, they were only permitted to sell those stocks, causing outrage among customers and lawmakers.<br />Robinhood blamed its actions on clearinghouse deposit requirements, but many people accused the company of market manipulation.<br />Others suggested the broker simply didn't have enough liquidity to cover the volatility.<br />Robinhood CEO Vlad Tenev addressed <br />the situation on Thursday.<br />Transforming an industry from the inside takes determination, hard work, investment, and a laser focus on the people we want to serve. , Robinhood CEO Vlad Tenev, via Twitter.<br />Occasionally there are shortfalls along the way, Robinhood CEO Vlad Tenev, via Twitter.<br />After gradually easing restrictions all week, traders can now increase their positions without limits.<br />GameStop shares crashed over 83% this week, but premarket trading on Friday saw a rally of 8%

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