Ja Rule has hit out at Robinhood’s role in the GameStop stocks and shares saga.GameStop’s share price has skyrocketed over the past week, increasing from under $100 (£73.23) on January 21 to a closing price of $347.51 (£254.50) on Wednesday (January 27).
Concerns have been raised over investor activism, while several hedge fund short-sellers have been hit with catastrophic losses.It has since been announced that the US Securities and Exchange Commission (SEC) are to review the role of Reddit in the recent price surge, with investment app Robinhood removing its online stock.The move – which is preventing millions of people from trading for services like GameStop and AMC – has resulted in Ja Rule (aka Jeff Atkins) speaking out on the issue..
Read more on nme.com
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