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Robinhood Blocks Traders on Reddit and Beyond from Buying GameStop Stock – Make Sense of the Market Mayhem
Robinhood Blocks Traders on Reddit and Beyond from Buying GameStop Stock – Make Sense of the Market Mayhem GOBankingRates 1/28/2021 Dawn Allcot © Omar Marques/SOPA Images/Shutterstock / Omar Marques/SOPA Images/Shutterstock Mandatory Credit: Photo by Omar Marques/SOPA Images/Shutterstock (11683098aa)In this photo illustration, a Reddit logo seen displayed on a smartphone with stock market prices in the background. The stock market is known for its volatility, but the rapid rise of GameStop (NYSE: GME) and AMC (NYSE: AMC), manipulated by a rogue group of retail traders on the social media platform Reddit subthread WallStreetBets has everyone from Wall Street to Washington scratching their heads – and, in some cases, scrambling to stabilize stock prices.
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