Robinhood Removes Trading Restrictions On All Meme Stocks Including GameStop, AMC

  • 📰 Forbes
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Robinhood’s move comes as GameStop and other meme stocks have seen their valuation drop sharply this week.

with billionaire and Tesla CEO Elon Musk, Robinhood CEO Vlad Tenev disclosed that his company had to restrict the trading of the stocks amidst the market frenzy after clearing firms—which help resolve all transactions on Robinhood—demanded extra capital to help offset the high volume of transactions being processed.

among U.S. politicians as both prominent Republican and Democratic leaders in Congress attacked Robinhood and Wall Street ‘elites’ for restricting trading amidst a rally of these stocks and called for a congressional hearing over the incident.Tenev told Musk that Robinhood was planning to ease limits on buying GameStop shares this week, but had at the time noted that some limits will remain as the company doesn’t have “infinite capital.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

How convenient for them when the price is now 50 bucks on GameStop

They open it now when their whales friends are safe

They deactivated my account and I haven’t been able to contact them to reactivate it.. it’s been over a week!

'meme stocks' 🙃

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines