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Page 8 - பார்ஸ்டூல் விளையாட்டு டேவ் போற்த்னோய் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

How Big Tech Stepped in to Help Robinhood

  Share Source: AP Photo/Marcio Jose Sanchez, File Big Tech has played an active role in politics, helping preferred candidates like Joe Biden during the campaign through the suppression of stories about Hunter Biden’s shady foreign business dealings, and seeking revenge on political enemies like former President Donald Trump by kicking him off nearly all social media platforms. Now, Big Tech is turning its “helping” hand to Robinhood after the app halted trading of GameStop, AMC, and other names on Thursday. The move came after the surge of the stocks from retail investors caused billions in losses for certain hedge fund short sellers.

Robinhood Blocks Traders on Reddit and Beyond from Buying GameStop Stock – Make Sense of the Market Mayhem

Robinhood Blocks Traders on Reddit and Beyond from Buying GameStop Stock – Make Sense of the Market Mayhem GOBankingRates 1/28/2021 Dawn Allcot © Omar Marques/SOPA Images/Shutterstock / Omar Marques/SOPA Images/Shutterstock Mandatory Credit: Photo by Omar Marques/SOPA Images/Shutterstock (11683098aa)In this photo illustration, a Reddit logo seen displayed on a smartphone with stock market prices in the background. The stock market is known for its volatility, but the rapid rise of GameStop (NYSE: GME) and AMC (NYSE: AMC), manipulated by a rogue group of retail traders on the social media platform Reddit subthread WallStreetBets has everyone from Wall Street to Washington scratching their heads – and, in some cases, scrambling to stabilize stock prices.

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