On January twenty eighth, when individuals opened Robinhood hoping to purchase into the inventory market craze round firms like GameStop, they discovered one thing unusual. They could not. Robinhood had frozen purchases of shares for quite a few firms, however nonetheless allowed the promoting of these shares.
The web went loopy. Members of congress referred to as for an inquiry. Might Robinhood even try this?
At present on the present: How Robinhood works. And what went mistaken final week.