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

today29 January 2021

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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…

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Written by: Tim Marcin


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