robinhood

Robinhood didn’t explain the why, and it’ll cost them.
Robinhood

Headshot of Austin Braun

By Austin Braun

56 mins ago

If you’ve been online this week, you’ve probably witnessed what’s occurring in the stock market and on Reddit’s WallStreetBets subreddit. And if you’ve been online today, you probably saw that Robinhood, the app notoriously used by retail investors, announced it is “restricting transactions for certain securities to position closing only, including $AMC and $GME.” 

Austin Braun

@AustinonSocial

Adweek opinion contributor Austin Braun is a social media strategist at the University of Colorado Boulder College of Engineering & Applied Sciences and chief strategist and creative officer at Ascend Engineering.