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The Latest on GameStonk: Robinhood Halts Trades, Promptly Sued

Robinhood suspends trading of GameStop and AMC on its online trading platform, sparking outrage (and a class-action lawsuit) from retail investors. Congressional lawmakers slam Wall Street and Robinhood for siding with large hedge funds. How long will this latest stock frenzy last and what company's next on r/WallStreetBets' list? Here are the latest GameStonk headlines from Jan. 28.

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The Latest on GameStonk: Robinhood Halts Trades, Promptly Sued
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    Robinhood restricts trading in GameStop after retail brouhaha shakes markets

    Robinhood restricts trading in GameStop after retail brouhaha shakes markets

    verified_publisher
    TechCrunch - Alex Wilhelm

    Update: Robinhood has made public note of the changes, stating that “in light of recent volatility” it is “restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK.” The company added that it has “raised margin …

    Robinhood Hit with Class Action After Blocking GameStop Trades

    Robinhood Hit with Class Action After Blocking GameStop Trades

    verified_publisher
    VICE - Joseph Cox

    "Robinhood purposefully, willfully, and knowingly removing the stock 'GME' from its trading platform in the midst of an unprecedented stock thereby deprived retail investors." Robinhood is already facing a class action lawsuit after the microtrading platform deliberately blocked users from trading …

    How the Subreddit r/WallStreetBets Boosted GameStop's Stock

    How the Subreddit r/WallStreetBets Boosted GameStop's Stock

    By The Tech Desk

    Retail gaming store GameStop has seen its stock price soar this week and it's thanks to Redditors on the subreddit r/WallStreetBets. The move was apparently in response to analysts describing the company as not being worth it, suggesting shorting the stock might be better if investors were keen on making a profit. Redditors in turn propelled GameStop's stock from $20 to $73 in a day of active trading. Read on to learn how these denziens are able to impact the market's performance so easily.

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