The lawsuits, brought in federal court, allege that the Menlo Park, California-based company breached its contractual obligation as a regulated broker to execute orders promptly and effectively. Robinhood’s users were at the center of this week’s wild rally in a handful of stocks that had been heavily shorted by hedge funds and championed by individual investors in online chatrooms including Reddit’s WallStreetBets. Robinhood, an online brokerage app named after a folk hero who steals from the rich to give to the poor and whose mission is to 'democratize finance for all,' has barred the purchase of GameStop and AMC shares amid a coordinated effort from redditors to drive up the stock prices of certain companies. It brings the simplified experience of trading. To conclude, Webull’s desktop app does exactly what it is intended to do. After restricting some stocks today, the. The owners of internet platforms where much of the discussion took place are likewise shielded from liability for users’ activity under a 25-year-old law known as Section 230.Īt least a dozen proposed class action lawsuits accuse Robinhood of breaching its contract with customers when it restricted trading on Thursday. Webull Desktop App Cons Limited market research offered on Webull’s desktop app An overly simplified platform may be satisfactory for more sophisticated investors Relatively large file size to download, (just under 1 Gigabyte) Webull Desktop App: Then Final Verdict. Reddit Robinhood is one of the most popular ways for consumers to get in on the stock market, but the app is in some hot water with its users currently. Stock prices increased dramatically for companies like GameStop after Reddit users encouraged folks to buy, causing the prices to run-up. Several users then reported problems with the platform after the investment company clamped down on the stocks claiming they were too volatile following huge price swings pushed by a Reddit group. It didn’t seem to matter weather I showed proof that I didn’t get the coin. The problem is sometimes you never get the coin and Robinhood isn’t interested in making it right only in making excuses. Thousands of individuals left scathing reviews about the business on the Google Play app store, causing its rating to drop to just one star. The news comes just hours after Robinhood removed GameStop, AMC and other stocks that are part of the 'Reddit Rally' from its app. Robinhood recently partnered with Robinhood recently partnered with Burger King giving cryptocurrency for app order above 5 dollars. REUTERS/Brendan McDermid/Illustration/File Photo Robinhood, the investing app, is getting blasted by many of its users because it halted purchases of specific stocks. FILE PHOTO: Trading information for GameStop is displayed on the Robinhood App as another screen displays the Robinhood logo in this photo illustration January 29, 2021. Stock trading app Robinhood was swamped with negative reviews on the Google Play Store on Thursday after citing 'market volatility' as its reason for delisting support for securities including.