Robinhood blocks purchase of GameStop, AMC, and BlackBerry stock

[The Verge RSS]

Author: Chaim Gartenberg

Robinhood has added new limits to its app to restrict users from buying or trading any of the popular Reddit r/WallStreetBets stocks, including GameStop ($GME), AMC ($AMC), BlackBerry ($BB), Bed Bath & Beyond ($BBBY), Nokia ($NOK), and more. Users will still be allowed to close out existing positions but won’t be able to buy more of the stocks. The company is citing “recent volatility” in the market as the reasoning behind the change.

We continuously monitor the markets and make changes where necessary. In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK. We also raised margin requirements for certain securities.

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[Norman56]

This is very sad news since I bought several BlackBerry stocks

 

[Gerald1274]

This is very sad news since I bought several BlackBerry stocks

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What terrible news. I, too, purchased stock on a BlackBerry. This is why you need to decentralize your stocks and not keep everything in one place. Same with cryptocurrency. I think you need to invest in more than one coin. This will give more stability, especially if you invest huge amounts of money. And you get to follow the news and charts of each coin. At the same time, you should have minimum experience in forex trading. This bot can help you calculate the charts. This way, you will be up to date before anyone else and keep trading.