People Are Suing Robinhood For Restricting GameStop Stocks and Even Elon Musk Is Supporting It

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This just keeps getting crazier and crazier!!

So, I just told you all about what is happening with GameStop Stock but now, Robinhood – the user-friendly stock trading app is in some hot water.


So, I logged into my Robinhood app to see if I could get in on this GameStop stock craze and I was greeted with this message:

“This stock is not supported on Robinhood”.

But wait, what if you already own GameStop stock through Robinhood? Well, that’s the issue – they’ve restricted GameStop stocks and it is not okay!!

So, that is when people decided to file a class-action lawsuit against Robinhood.

But that’s not all – Rep. Ocasio-Cortez called for a House Financial Services Committee hearing on the app’s decision to halt trading of GameStop stock and Elon Musk tweeted his approval.

The class action lawsuit was filed in New York Thursday, alleging that Robinhood “deprived their customers of the ability to use their service,” in an effort “to manipulate the market for the benefit of people and financial intuitions.”


The lawsuit comes hours after Robinhood informed users that it would restrict a handful of stocks, including GameStop, Blackberry, AMC, and American Airlines, due to “recent volatility.”

And it’s true, why is it that we can’t buy or trade stocks but Hedge Funds can? Not cool at all.

It’s good to know that even Billionaires like Elon Musk are on our side and it’s just one more reason I love him!!

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