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Those are just on the list of current or former penny stocks meeting the $5 & under range in the last few weeks. Other blue-chip stocks, including BlackBerry (NYSE: BB) and Bed Bath & Beyond (NASDAQ: BBBY), among others, were also blocked.
In a blog post from Robinhood, the brokerage app said:
âOur mission at Robinhood is to democratize finance for all. Weâre proud to have created a platform that has helped everyday people, from all backgrounds, shape their financial futures and invest for the long term.â
The post continued is emphasizing the importance of information. Robinhood aims to provide educational resources and ways for its users to make sense of the market. But as to a reason behind restricting access, Robinhood simply stated it was due to increased volatility