After buy ban, GameStop hypebeasts are looking for a Robinhood alternative
In the wake of Robinhood’s surprise trading block, a new class of Reddit investors are looking for apps that will let them plow their money into their favorite stocks. On Thursday morning, Robinhood announced that it would temporarily block investors from purchasing or trading companies including GameStop, AMC, BlackBerry, Bed Bath & Beyond, and Nokia, all of which have been the subject of unexpected rallies over the past few days. But for the online communities that fueled those rallies, the block is being treated as an outright betrayal.
Discussion about switching ramped up on Twitter and in investment discords after Robinhood halted buying and trading on stock, citing “recent volatility” in the market with the aforementioned stock as…