Robinhood has not only blocked purchases of GameStop and AMC (and other heavily shorted stocks), they have erased them from search entirely.
This post is a brilliant way of explaining how short selling works and how hedge fudges got screwed in the Gamestop melee.
I expect new TOS rules against "financial fraud in stock trading" to go out in the new 48 hours, a week tops. Discord is already using that language in it's ban of the r/wallstreetbets server. Doesn't matter that none of the Gamestop incident was due to fraud. The mere "threat" of something bad happening to hedge funds is going to put the hammer down on stock trading communities everywhere.
Discord says it did not ban the server due to financial fraud.
theverge.com
Discord just terminated the r/wallstreetbets server and it's owner over "repeated TOS violations in the past." Great timing too. Will reddit be next? https://www.theverge.com/2021/1/27/22253251/discord-bans-the-r-wallstreetbets-server?utm_campaign=theverge&utm_content=chorus&utm_medium=social&utm_source=twitter
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