Robinhood attracted an army of detractors last winter for halting GameStop shares during frenzied trading. His stake is now worth nearly $175,000 with Robinhood shares soaring from below $35 last week to $60 on Thursday morning. Many of the Redditors placed the blame for their GameStop trading losses on Robinhood and its decision to halt GameStop shares. The concept of a meme stock is new, and the outcome of the web-propelled interest in them is entirely unproven. So where will it end for the latest meme stock, Robinhood?

Source: Forbes August 05, 2021 14:26 UTC