Posted on Jan 29, 2021, 1:07 p.m.Updated Jan 29, 2021, 1:08 PM
For stock marketers engaged in a merciless struggle against short sellers, this is a betrayal. Robinhood, the emblematic broker of the “zero commission” revolution, champion of “finance for all”, suspended purchases of GameStop shares and a dozen other titles Thursday. The broker has since lifted some of its restrictions, but for many of its users, the damage is done. Calls to turn against Robinhood have flooded the Reddit “WallStreetBets” forum. Politicians also got involved, criticizing the broker’s decision and calling for commissions of inquiry in Congress.