Robinhood, an online brokerage company. Which offers stock trading services through a free application More than 13 million users of the service announced today a restriction of trading in GameStop shares to stem volatility on Wall Street.
Robinhood allows investors to buy only one such share and buy only five options contracts.
Previously, retail investors in the room WallStreetBets With more than 7.6 million members on the Reddit forum, it aims to push up the share price of GameStop, the famous US video game store. To pressure the hedge fund to buy back the stock to cut losses. After it had been selling short before, it was speculated that GameStop would soon shut down.
GameStop’s share price jumped 400 percent last week and soared 1,625 percent in January, giving the hedge fund a heavy loss. It is expected to be as high as 19,000 million dollars or about 570,000 million baht.
Today, however, the small group of investors has taken a new target for silver. It pushed silver prices to continue to soar above $ 30 to an eight-year high, hoping the hedge fund will suffer losses as well as speculation on GameStop stocks.
Previously, a user of Robinhood filed a lawsuit in a U.S. court after Robinhood blocked investors from acquiring GameStop shares on Jan. 28, before Robinhood announced it to unblock the stock later. By allowing investors to purchase such shares in a limited amount
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