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29th January 2021
Robinhood trade restrictions invite criticism, frenzy in stock market
Stock-trading mobile application Robinhood halted trading to a number of companies, including GameStop, on Thursday, citing “recent volatility” in the stock market. This came after Reddit users, earlier this week, dramatically pushed the stock prices for GameStop up, incurring billions worth of losses to Wall Street hedge funds. The move by Robinhood, as well as other app-based stock traders like TD Ameritrade and WeBull, came under immense scrutiny by individual traders, politicians, and law ma