Re:Robinhood Play Store listing went from 329K reviews to 18...
by jonp888 on Thursday January 28, 2021 @08:22PM
(#25952329)
> Robinhood banned the purchase of $GME shares, while selling was still allowed
They had no choice. They had run out of capital to execute the orders they were getting.
They allowed people to unwind their existing positions, but not to create new ones. Considering trading was still going on elsewhere, not locking people into their current positions would have been worse.
They had no choice. They had run out of capital to execute the orders they were getting.
They allowed people to unwind their existing positions, but not to create new ones. Considering trading was still going on elsewhere, not locking people into their current positions would have been worse.