The real story behind Robinhood’s decision to restrict GameStop …

Feb 2, 2021 · The real story behind Robinhood’s decision to restrict GameStop trading—and that 4 a.m. call to put up $3 billion Jeff John Roberts Tue, Feb 2, 2021, 6:00 PM 4 min read

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The Real Story Behind Robinhood’s Decision To Restrict GameStop …

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Feb 2, 2021 · The real story behind Robinhood’s decision to restrict GameStop trading—and that 4 a.m. call to put up $3 billion Jeff John Roberts Tue, Feb 2, 2021, 6:00 PM 4 min read

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The Real Story Behind Robinhood's Decision To Restrict GameStop …

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Feb 2, 2021 · The real story behind Robinhood’s decision to restrict GameStop trading—and that 4 a.m. call to put up $3 billion ... the lower amount came about because of Robinhood’s …

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Robinhood Abruptly Restricts Transactions For GameStop Stock

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Jan 28, 2021 · GameStop stock plunged more than 40% to $193 a share on Thursday. The closing price on Wednesday was approximately $350 a share. Just a few weeks ago, …

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Robinhood Raised $1 Billion After Halting GameStop Purchases

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Jan 29, 2021 · Robinhood raised $1 billion from existing investors just hours after it halted purchases of GameStop, suggesting the free-trading app faced a potential cash shortage.

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FAQs about The real story behind Robinhood’s decision to restrict GameStop … Coupon?

Why did Robinhood restrict trading in GameStop?

Robinhood's decision to limit trading in GameStop and other shares has been a subject of conspiracy theories. However, there is no evidence of collusion between Robinhood and hedge funds, as Robinhood's CEO, Vlad Tenev, has denied such allegations. ...

Will Robinhood only ban GameStop purchases?

Robinhood CEO Vlad Tenev is being forced to explain its app's decision to only ban purchases of GameStop, and not sell orders as well. This decision has drawn criticism and scrutiny, with some suggesting it was unfair to retail investors. ...

What happened to GameStop and AMC after Robinhood restricted trading?

Even after Robinhood restricted trading, at market close Thursday GameStop stock was up more than 850 percent over what it was a month ago (it had been up 1,500 percent on Wednesday). AMC was up about 250 percent. After Robinhood announced it would reinstate trading on those stocks Thursday evening, prices largely recovered. ...

Why did a Robinhood customer file a class-action lawsuit against GameStop?

CNN’s Brian Fung, Alexis Benveniste, and Matt Egan contributed to this report. A Robinhood customer filed a class-action lawsuit against the stock-trading app Thursday after the company barred traders from buying shares of GameStop promoted by WallStreetBets, a popular Reddit group for investors. ...

Is Robinhood rigged against investors?

Although Robinhood’s decision to halt buying activity was made to help it meet clearinghouse requirements, it also contributed to the narrative that the markets are rigged against individual investors, as several Reddit users have told IR Magazine. ...

Did Robinhood's decision deprived retail investors of potential gains?

The lawsuit claims Robinhood’s decision deprived retail investors of potential gains they could have made by buying when the stock was low and selling when its price rose. GameStop’s stock has soared since January 11 after it hired several new board members that investors believed could help the stock boost its digital sales. ...