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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by ericmay on Thursday January 28, 2021 @09:00AM (#25941804)
I always thought the app was good - but my view of the role of the broker is to place my trades. If the SEC wants to shut down trading of a security they should do so.

This will be very disruptive to Robinhood. I think today they made a poor business decision that will affect their valuation and potentially the company itself.

I don't do much trading on Robinhood, mostly for learning or experimenting with small amounts of money but this move has left a sour taste. I'll be closing my account, while recognizing that other brokerages are doing the same (though not all).

edit

Retail investors are locked out, $GME is still going up. What's the fucking excuse now?

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