Robinhood Faces Class-Action Lawsuit for Blocking GameStop Stock Buys
(Photo Illustration by Justin Sullivan/Getty Images) UPDATE: Robinhood is backtracking on its decision, and will permit "limited buys" of new shares in GameStop and the other affected stocks starting on Friday. Original story: Robinhood is now facing a class-action lawsuit for blocking users from buying GameStop shares in the ongoing “meme stock” craze. Hours after the stock-trading app began limiting the share buys, a Massachusetts-based user named Brendon Nelson filed a class-action complaint against the company, demanding it pay up in damages. “Robinhood essentially abandoned its...
Source: pcmag.com