So what is happening with Gamestop now ?

[Bofferbrauer2]

sundin13 said:

Bofferbrauer2 said:

My god Robinhood, what are you doing???

So the hedge funds want to cover their losses by shorting AMD, so they can get a double whammy: money from both the increase between the original buy and the short, and from the shorting itself.

So, what does Robinhood do to protect their big money? Limit your buys of AMD shares to exactly 1 per day. One. Share. Per. Day. OF AMD. A stock that has been Ryzen since even before Zen got released in 2017, so practically 5 years straight. And which has a HUGE fanbase on the internet.

That will go over well...

https://hothardware.com/news/amd-robinhood-gamestop-gme-shorts-wallstreetbets

RobinHood's explanation is essentially that they saw such a large spike in trading that they could no longer had the capital to be able to put up the collateral required by the DTCC. While I do agree that RobinHood should be investigated for potential market manipulation, there are legitimate reasons to make these changes. When they obtained more capital, they were able to re-open trading, however it was limited for high volume stocks as, again, they only have so much capital. They are protecting themselves, not the hedge funds. 

https://www.barrons.com/articles/why-did-robinhood-stop-gamestop-trading-51611967696

See the post above