Get Audio+
Scan to download the app

Stories

Robinhood to reopen GameStop buying after US$1 billion raise

today29 January 2021

Background


It’s been a wild week at Robinhood.

On Thursday, the company announced it will start allowing customers to buy GameStop shares on Friday.

Robinhood halted buying for several stocks — including GameStop, AMC, BlackBerry, and Nokia — on Wednesday, citing high volatility. Notably, these are the stocks that have gotten in the crosshairs of Reddit investor group r/wallstreetbets, who are buying them en masse and betting against massive hedge funds that have been relentlessly shorting…

Click here to read the full article.

Source:

Written by: Stan Schroeder


Previous post

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *