Democratize Finance For All?: Robinhood Prohibiting Stock Purchases of GameStop Raises Concerns of Market Manipulation and Harm to the Financial Wellbeing of its Users
This blog discusses how Reddit users worked together to increase shares of GameStop which Wall Street hedge funds had anticipated to drop in price. Hedge funds proceeded to allege that the Reddit users were taking part in illegal market manipulation. In lieu of the controversy, Robinhood, an investing app geared towards inexperienced investors, prohibited its users from purchasing GameStop stocks. … Read More Democratize Finance For All?: Robinhood Prohibiting Stock Purchases of GameStop Raises Concerns of Market Manipulation and Harm to the Financial Wellbeing of its Users