Robinhood Hit with Class Action After Blocking GameStop Trades – Slashdot

Robinhood is already facing a class action lawsuit after the microtrading platform deliberately blocked users from trading GameStop stock as the stock catapulted in value. From a report: The news shows some nearly immediate impact to Robinhood after the snap decision. “Robinhood purposefully, willfully, and knowingly removing the stock ‘GME’ from its trading platform in the midst of an unprecedented stock thereby deprived retail investors of the ability to invest in the open-market and manipulating the open-market,” the class action complaint reads. Fox Business journalist Lydia Moynihan tweeted news of the class action earlier on Wednesday.

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