Author: Mitchell Clark
Illustrations by Alex Castro / The Verge
Robinhood has finally lifted all the restrictions on WallStreetBets-fueled stocks like GameStop and AMC, according to a report on Friday from Reuters. The company currently lists no limits on its support document entitled “Changes due to ongoing market volatility,” whereas last week, there were 50-plus companies included on the list.
Robinhood’s decision to restrict buying certain stocks caused a firestorm of controversy, leading to harsh condemnations from major public figures and politicians and the app being review-bombed on both Android and iOS. For its part, Robinhood said it wasn’t shutting trades down on a matter of principle or due to any shady deals with hedge funds, but because it simply didn’t have enough cash to meet its...
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Illustrations by Alex Castro / The Verge
Robinhood has finally lifted all the restrictions on WallStreetBets-fueled stocks like GameStop and AMC, according to a report on Friday from Reuters. The company currently lists no limits on its support document entitled “Changes due to ongoing market volatility,” whereas last week, there were 50-plus companies included on the list.
Robinhood’s decision to restrict buying certain stocks caused a firestorm of controversy, leading to harsh condemnations from major public figures and politicians and the app being review-bombed on both Android and iOS. For its part, Robinhood said it wasn’t shutting trades down on a matter of principle or due to any shady deals with hedge funds, but because it simply didn’t have enough cash to meet its...
Continue reading…
Continue reading...