Lawmakers in Congress who aren’t known to agree on much of anything united in condemning retail stock investment app Robinhood on Jan. 28, after the company blocked users of the app from buying stocks of companies like GameStop that were soaring in value after individual investors banded together to squeeze Wall Street hedge funds. “This is unacceptable. We now need to know more about @RobinhoodApp’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit,” Rep. Alexandria Ocasio-Cortez (D-N.Y.) wrote on Twitter. “Fully agree,” Sen. Ted Cruz (R-Texas) wrote on Twitter pointing to Ocasio-Cortez’s message. Cruz and Ocasio-Cortez are representative of the populist segments of their political parties and espouse clashing political views. Others from opposing sides of the political spectrum, including Donald Trump Jr., the son of former President Donald Trump, and Rep. Rashida Tlaib (D-Mich.) chimed …
Republicans, Democrats Unite to Condemn Robinhood’s Removal of Gamestop Stock
January 28, 2021
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