We knew it wasn’t going to finish nicely with buying and selling app Robinhood over the $GME (GameStop) shares and $AMC (AMC Theaters) shares skyrocketing due to Reddit — and a Mr. Robotic / Fsociety-fueled stick-it-to-the-man-AND-the-system r/WallStreetBets and thousands and thousands of regular individuals all over the world such as you and I.
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Effectively, now Robinhood has been slapped with a category motion lawsuit claims that Robinhood “purposefully, willfully, and knowingly eradicating the inventory ‘GME’ [GameStop] from its buying and selling platform within the midst of an unprecedented inventory rise thereby disadvantaged retail buyers of the power to put money into the open-market and manipulating the open-market“.
Get this, with the brand new limits that Robinhood has launched — its customers will be unable to purchase new shares of corporations comparable to GameStop, AMC, and BlackBerry — the very shares that WSB is pumping proper now. It is possible for you to to shut out current trades, however you will not be shopping for any $GME, $AMC, or $BB in Robinhood proper now.
You’ll be able to see why with some tweets! 🙂