The ongoing saga regarding GameStop took a turn on Thursday, as certain commercial applications have imposed restrictions on trade.
As a summary, various online message boards, including Reddit, have raised the price of GameStop and other stocks in recent weeks. This resulted in GameStop shares increasing from less than $ 20 USD earlier this month over $ 400 USD on January 28.
Robinhood, which is not available in Canada but is immensely popular, has also restricted BlackBerry, Nokia, AMC and other stocks. The platform has decided to stop the situation on its platform, as described in a blog post.
Another online trading platform called Interactive Brokers, which is available in Canada, has also restricted the trading of certain stocks to stop the frenzy. Both companies are facing ...