Robinhood will allow users to buy GameStop and AMC shares again after restricting trading - Business Insider

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Robinhood will allow users to buy GameStop and AMC shares again after restricting trading

It's been a tough day, and we're grateful to you for being a Robinhood customer. In light of the extraordinary market conditions this week, we temporarily limited buying for certain securities this morning. Starting tomorrow, we plan to allow limited buys of these securities. We'll continue to monitor the situation and may make adjustments as needed.

As a brokerage firm, we have many financial requirements, including SEC net capital obligations and clearinghouse deposits. Some of these requirements fluctuate based on volatility in the markets and can be substantial in the current environment. These requirements exist to protect investors and the markets and we take our responsibilities to comply with them seriously, including through the measures we have taken today.

 

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After enough lull to save the hedgefunds in their shorts. *wink* *wink*

Can we start circulating tweets suggesting lesson plans that educators can use to teach the dynamics of what’s happening with GameStop, RobinhoodApp, and hedge funds! This is a perfect example of things that are currently missing in education & what students should be learning!

ROBBING HOODS

2021: you ain't see shit.

What about other trading services that have halted the purchase of either AMC or GME?

I can see the lawsuits now lol

After mass exodus of funds and a lawsuit. Waht were they thinking?

Why anyway. Big deal for an app or whatnot. The Stock Market.

Right after forcing people with low tolerance for risk to sell at lower prices to who?

I hope Robinhood is finished, I closed my account with them today and I will never reopen one.

But are they allowing buying again due to social pressure suffered? If yes, they are confessing that they manipulated the market somehow.

Oh right sure after they FUCKED the system.

Robinhood is not supporting GameStop

RobbinUs

i'll be curious to see short interest numbers tomorrow. I wouldn't be surprised if it is drastically lower, meaning institutions covered their shorts at the bottom today, and established a net long position, so robinhood lifted restrictions now that they saved their buddies

grifinapp is a healthier alternative. better feeling, automatic investing, with no monthly fee.

You’re behind the times . Now RobinhoodApp is force selling users stocks WITHOUT permission and authorization, which is directly against their ToS

Drag them to congress. Force selling stocks?

Fuck that!!! uninstallrobinhood

Too late, damage is already done

SEC needs to investigate Robinhood's ties with CItadel. Citadel has a stake in GME tanking. This is fucking market manipulation. No doubt about that.

Great

How nice of them. They helped their cronies stop traders from making buys today. Forcing the shares down artificially. Close the doors on companies like that. They’re all in it together

bubble is the problem, burst is the solution

Everyone reading this tweet should know that Robinhood makes money by selling the order flow (all of the trades being made) to hedge funds who then get to front run all of them. Just never ever use this app.

After they robbed everyone of their shares? Lol jail time!

Too late buddy. Your future is three hots and a cot

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