Robinhood reportedly sells GameStop shares without permission from traders
Megha Jain
Content Head
Image Credit: NewsBytes
Trading app Robinhood prevented investors from buying several stocks in order to facilitate short-selling hedge funds in their battle against the working class investors from the WallStreetBets subreddit. The app also raised margin requirements for the same stocks, under the pretext of helping investors "navigate this uncertainty." Twelve users of the platform said Robinhood sold trending stocks like GameStop without permission.
