Robinhood online brokerage company. Which offers stock trading services through a free application And more than 13 million subscribers took advantage of the phenomenal share of GameStop stock last week. This resulted in a significant increase in the number of application downloads of the company.
Robinhood has long been a popular application for retail investors. Since you can trade stocks for free And the fact that retail investors in Wall Street are trying to push GameStop’s share price to fight hedge funds boost Robinhood’s downloads.
The retail investors in the room WallStreetBets With more than 7.6 million members on the Reddit forum, it aims to push up the share price of GameStop, the famous US video game store. To pressure the hedge fund to buy back the stock to cut losses. After it had been selling short before, it was speculated that GameStop would soon shut down.
GameStop’s share price jumped 400 percent last week and soared 1,625 percent in January, giving the hedge fund a heavy loss. It is expected to be as high as 19,000 million dollars or about 570,000 million baht.
Today, however, the small group of investors has taken a new target for silver. It pushed silver prices to continue to soar above $ 30 to an eight-year high, hoping the hedge fund will suffer losses as well as speculation on GameStop stocks.
The information says More than 600,000 investors downloaded the Robinhood app last Friday. This compared with the 140,000 level on the best day in March last year. Amid the spread of the COVID-19 virus This prompted investors to download Robinhood at the time because they could not leave the house. According to the government’s lockdown measure
When considering the entire month of Jan. It found that more than 3 million investors downloaded Robinhood, a record high.
Previously, a user of Robinhood filed a lawsuit in a U.S. court after Robinhood blocked investors from acquiring GameStop shares on Jan. 28, before Robinhood announced it to unblock the stock later. By allowing investors to purchase such shares in a limited amount
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