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Robinhood has also halted 50 other stocks including arbitrary ones like AMD. https://investorplace.com/2021/01/robinhood-bans-reddit-stocks-wallstreetbets-gme-c
by 0x00000000 6y ago
Robinhood has also halted 50 other stocks including arbitrary ones like AMD.
https://investorplace.com/2021/01/robinhood-bans-reddit-stocks-wallstreetbets-gme-cciv-sndl-jagx-amc-nok-bb/ https://investorplace.com/2021/01/robinhood-bans-reddit-stoc...
There must be more to their internal situation they aren’t telling us because they probably just imploded their IPO
- UncleMeat 6y agoThe same outrage (or worse) would occur if they halted sells. Could you imagine if the price tanked and people couldn't exit their position? It is a lose-lose situation. And I think a lot of people would consider a full block to be worse.
- 0x00000000 6y agoYeah I guess that makes sense. Maybe the takeaway is to not use meme brokers to buy meme stocks
- astrange 6y agoThey can’t halt sales because brokers aren’t allowed to halt sales.