Robinhood JanuWhy did Robinhood stop users from buying GameStop shares? In light of current market volatility, we are restricting transactions for certain securities to position closing only, including $AMC and $GME. In addition to AMC Bed, Bath and Beyond GameStop and Nokia, the companies that Robinhood listed by ticker symbol are phone maker BlackBerry, fashion retailer Express, headphone maker Koss and underwear company Naked Brand Group. "In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK," Robinhood said. It cited "market volatility" as its reasoning and would only allow customers to sell their shares of these companies, not buy or trade in any other way (more below). 28, Robinhood posted a blog saying it was limiting users by preventing them from buying stocks from several companies such as GameStop, AMC and Nokia. What happened with Robinhood and GameStop? It's popular among millennials, who make up a majority of its users and can conduct a variety of investments for free. Robinhood is an investing app that launched in 2015.
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