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Robinhood app store10/31/2023 ![]() On January 28, Robinhood halted trading in GameStop, a gaming retailer whose best days appeared behind it, temporarily prohibiting Robinhood's accountholders from harvesting profits. ![]() "Our customers have shown the world that investing is for everyone," Robinhood said on its website, "not just institutional investors and hedge funds." In the hands of a merry band of Reddit traders, Robinhood helped to bring a group of short-selling hedge funds to their knees and many people cheered – delighted to see wealth stripped from a few members of the billionaire class after decades in which wealth has been increasingly consolidated in the hands of the very few. For one shining moment in January, it looked as if the stock trading app and retail brokerage Robinhood had lived up to its namesake – the rabble-rousing outlaw of English folklore.
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