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Keyword: squeezedshort

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  • Robinhood forcibly selling shares of GameStop without users’ consent

    01/28/2021 1:50:14 PM PST · by Brookhaven · 138 replies
    NOQ REPORT ^ | 1-28-21 | C Q Livingston
    Reports are coming in that Robinhood, the stock broker app, is forcibly selling shares of GameStop on behalf of some of its users. The transactions cannot be canceled and it is being positioned as mitigating “unreasonable risk” on behalf of the company as well as the investor. Billionaire hedge funds have been taking a huge hit after a Reddit group started buying up GameStop shares in an effort to counter a massive amount of short positions. This prompted a “short squeeze” that sent the stock skyrocketing. As the dominos fell, GameStop reached a high of over $400 dollars per share,...