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Robinhood says it cannot assure investors a meme mania won’t hit it again

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Trading information for GameStop is displayed on the Robinhood App as another screen displays the Robinhood logo in this photo illustration January 29, 2021.

Brendan McDermid | Reuters

Robinhood said Thursday that the first time Robinhood restricted trading on its app — during the GameStop event earlier this year — may not to be the last.

In January, when an epic short squeeze erupted in GameStop’s stock partially driven by retail traders, Robinhood shut down trading of certain meme shares due to increased capital requirements from its clearinghouses. Despite raising north of $3.4 billion in a few days to shore up its balance sheet, the brokerage limited trading of GameStop, AMC…



Source cnbc.com

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