An App Called Robinhood
In the United States, Robinhood is one of the leading stock brokerage applications. It allowed the average Joe to buy and sell stocks. A lot of Redditors used it to buy Gamestop stocks, which drove the prices higher. They were having a good time as well! Sadly, this was not meant to last forever.
An App Called Robinhood
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A Questionable Move
You see, Robinhood and many other brokerage apps put an end to all the fun the Reddit users were having. On January 28, Robinhood disabled the option to buy any Gamestop stock or option. The users were only allowed to sell. By the end of the day, GME fell by 44 percent. The price went from $347 to $193.60. It was truly a dark day for the free market.
A Questionable Move