Robinhood Trading App Is Shut Down to Help Hedge Funds Cover Their Bad Investments
The investment app Robinhood that is used by investors to buy and sell stock, banned its users today from trading Gamestop shares, in addition to several other stocks targeted by Reddit traders. Robinhood banned its users under pressure from hedge funds, proving there is no free-market trading on Wall Street. Tucker Carlson said that Robinhood gathers information from its users and sells it to hedge funds that use it against the small independent investors. Janet Yellen, who was appointed by Biden as Secretary of the Treasury, had been Chairman of the Federal Reserve from 2014 to 2018 under Obama. She reportedly received $800,000 from Citadel, a hedge fund that is in the center of the GameStop controversy and which greatly benefits from the trading shutdown. -GEG
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The abused patrons of Robinhood should collectively boycott this app.