“You Can Not Purchase Additional Shares”: Robinhood Reportedly Halts Buying In GameStop And AMC

One day after TD Ameritrade implemented unprecedented restrictions on trading in GME, AMC and other massive short squeezes, on Thursday morning reports are circulating on social media that Robinhood is no longer allowing GameStop or AMC share purchases.

“Robinhood Removes GameStop, AMC; Puts Notice On Pages Saying ‘You Can Close Out Your Position On This Stock, But You Can Not Purchase Additional Shares’,” Benzinga reported at about 0830 EST. 

Users are reporting the same on Twitter.

pic.twitter.com/uXcCcortsB

— Derek Ross (@derekmross) January 28, 2021

There are also scattered reports that the app has restricted BlackBerry. Users on social media are furious:

In case it wasn’t obvious yet, they’ll do anything to prevent retail from making lots of money in the stock market. Robinhood just proved this by removing $GME, $AMC and more.

— Michael Handschuh (@mhandschuh) January 28, 2021

Is @RobinhoodApp really blocking $GME sales so these fucking hedge funds can cover their short? Disgusting

— Maeds (@Themaeds) January 28, 2021

Funny to see @RobinhoodApp promoting Finance Democracy whilst blocking people who are exactly exercising finance democracy from buying $GME, $AMC and $NOK. pic.twitter.com/fjkDcupZxT

— Derek 🇭🇰💎👋🚀 (@derekhkwok) January 28, 2021

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