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“Robinhood – the platform for “meme stock” trading, itself became a meme stock, both on upside news of activist investors and on the downside of insider sale intent being filed. Jonathan Anastas, Board Chair at Alpha Esports Tech, tells GOBankingRates that “there is quite a bit of irony here.” In addition, people are angry at the platform’s multiple outages, which let them unable to trade, which prompted several posters suggesting shorting Robinhood stock, CNN reports. The company also raised margin requirements for certain securities.Įxplore: Wall Street Favors These 12 Stocks Ahead Of Infrastructure Dealĭiscover: 10 Programs in the Infrastructure Bill You Might Not Have Heard AboutĪ Reddit user posted simply wrote “Jan 28 #neverforget,” a reference to that day, according to CNN. “In light of recent volatility, we restricted transactions for certain securities to position closing only,” according to a statement on its website at the time. Robinhood said last week that it continuously monitors the markets and makes changes where necessary. Retail traders, who were intent on taking down hedge-fund short sellers by buying shares of stocks that didn’t seem to have much of a chance of success, were unable to trade stocks including GameStop, AMC Entertainment and Bed Bath & Beyond. Some investors are still angry at the fact that earlier this year, Robinhood halted trading of some stocks popular on the Reddit subthread r/WallStreetBets. That can’t be right?! from wallstreetbets This guy just said Robinhood most mentioned (positive!) on WSB.