Robinhood lifts some restrictions on buying Reddit-driven GameStop, AMC stocks
A vehicle passes in front of a GameStop store in Vernon Hills, Ill., Thursday, Jan. 28, 2021. The online trading platform Robinhood is moving to restrict trading in GameStop and other stocks that have soared recently due to rabid buying by smaller investors. (AP Photo/Nam Y. Huh)Robinhood has lifted some restrictions on buying stocks being driven by Reddit’s WallStreetBets group, allowing users to purchase GameStop, AMC and others after restricting them on Thursday. Robinhood came under fire on Thursday after shutting down the stock buying frenzy, citing “market volatility,” while users of the trading app accused the company of market manipulation. AdMost of the stocks that were restricted on Thursday have seen an increase since buying was allowed again Friday morning.