Kind of confused. Should I dump Robinhood?
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https://www.techspot.com/news/88390-gamestop-stock-hits-record-high-reddit-group-causes.html
The above link explains how the group of Redditors got together and gamed the stock causing the price to skyrocket and screw Hedge funds that held short positions. And now Robinhood, a trading app halted buying on the stock, causing the price to fall. It's mayhem on Wall street! haha
To add to this. Robinhood's main customer is Citadel who buys trade data from them to front run retail investors. Citadel is infusing Melvin Capital with cash (in exchange for shares of the firm) to help Melvin who are the ones hemorrhaging the most because of their naked shorts on GameStop.
Citadel (probably) told Robinhood to stop allowing people to buy GameStop and other stocks to let Melvin recover a bit.