block users from buying new shares of AMC, GameStop and other companies that have been pushed higher thanks in large part to the Wall Street Bets forum on Reddit, which has been championing the stock in recent days.“We continuously monitor the markets and make changes where necessary,” Robinhood said in a statement on its website. “In light of recent volatility, we are restricting transactions for certain securities to position closing only.”Also Read: Inside AMC's Wall Street Surge: A 'David Vs Goliath' Reddit BattleRobinhood also raised its margin requirements to trade the companies, forcing investors to put down more collateral, and blocked users from making certain options trades.The app’s decision infuriated many users, with many.
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