Heavily Criticized
This move has been widely criticized by many individuals, including both political parties. When Ted Cruz and the AOC agree on something, you know that you’ve messed up big time. They all agreed that it was unfair to impose trading restrictions based on arbitrary criteria while hedge funds were free to buy and sell as they pleased. This does not sound like a free market to me. Robinhood made the decision to act.
Heavily Criticized
Insider Information
Even though Robinhood claimed that this was accomplished out of concern for its user groups, a Reddit user claimed that this was not the case. He claimed that it was simply plain corruption. I don’t think anyone would be surprised if the allegations turned out to be true. Most people understand that the White House works for the privileged and not all citizens. This is why they have decided to do the only thing that they can do.
Insider Information
