Thursday, January 28, 2021

A Look Behind the Outrage of Robinhood Blocking Stocks

Published: January 28, 2021

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The Real Reason Robinhood Is
Banning Your Trades


This past year saw riots all over the country in the face of rising political tensions. Now, in the first month of 2021, we're seeing an online revolt on the heels of Robinhood and other brokers restricting or outright blocking you from trading certain stocks.


For some background, GameStop, as well as other highly shorted stocks including AMC and Nokia, have been targets of a short squeeze.


GameStop was the first of a group of stocks targeted by retail investors from a subreddit called "WallStreetBets," self-described "degenerates" who banded together to "stick it" to Wall Street.


Now, about a week since the start of the GameStop short squeeze, the news of Robinhood banning some trades has ignited a firestorm.


See the Real Reason Behind the Restrictions

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