‘F**k Robinhood’: Protests Rock New York Stock Exchange Amid GameStop


04:34 GMT 29.01.2021(updated 05:31 GMT 29.01.2021) Get short URL


Sputnik International


Alexandra Kashirina. Sputnik International


On Thursday, investing platform Robinhood imposed restrictions on selling stocks of a number of companies after some Reddit users agreed to buy up GameStop’s call options, raising the retailer’s shares to unprecedented levels.

Dozens of protesters joined a demonstration at the New York Stock Exchange on Thursday to blast stock trading app Robinhood’s ban on buying the shares of some companies, including GameStop.

Some of the demonstrators held up a banner that read “Tax the rich”. People with were proclaiming “What fair is fair, now pay your share!” and “F**k Robinhood”.

“Robinhood took all my GameStop stock and without telling me, they took it out of my account. We couldn’t buy AMS today, we couldn’t buy Nokia today, because Robinhood didn’t allow it. They only allow me to sell it, because GameStop got shorted”, a protester complained.

​According to the New York Post, some individuals were screaming “Shame!” and “Eat the rich” at people leaving the building. Others held up letters that spelled out “Tax Wall Street Trades”, declaring “I want my money. I want it now” and “We want a free market”.

​BLM activists also attended the protest.

The demonstration occurred after Robinhood restricted stock trades for GameStop, AMC Entertainment Holdings, American Airlines, Bed Bath & Beyond, BlackBerry Limited, Express Inc., Koss Corp., Nokia Corp., Naked Brands Group, Tootise Roll, and Trivago.

The investing platform took the measure after a group of Reddit users banded together to purchase GameStop’s call options earlier this week, causing the company’s once slumping shares to skyrocket, and bankrupting market short-sellers.

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