Robinhood Freezes Trade

By SAMUEL GARCIA

Staff Writer

These past couple days have been confusing for Gamestop and other companies’ stocks. On a Reddit forum, people noticed that hedge fund companies were shorting stocks from different companies so these people started buying stocks from the companies. This caused stocks to rise from around $20 to close to $500. Many people who do stock trading a lot have called this illegal and Robinhood and other apps that allow the common people to trade stocks, have froze people to buy stocks and only allow them to sell them. What the people are doing is not illegal and the Wall Street hedge funds are getting upset since they are losing money by other people playing the same way they do. Apps like Robinhood are allowing hedge funds to continue trading freely while limiting trade that the common people can do.

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