GameStop and Robinhood

CNN reports on stock trading company Robinhood’s Super Bowl ad meant to highlight its “opening America’s financial system to everyone.” Source.

In light of the many individual investors purchasing GameStop shares to stifle the plans of billionaire hedge funds seeking to profit off of a perceived drop in price, CNN reported that just days earlier Robinhood had placed restrictions on investors’ ability to buy GameStop, as well as “AMC (AMC), BlackBerry (BB), Bed Bath & Beyond (BBBY), Nokia (NOK) and three other stocks.” Source.

Okay then.