"We continuously monitor the markets and make changes where necessary," Robinhood said. The app cited "recent volatility" in the stock market in a statement Thursday morning, saying users can close out their positions but cannot buy more stock. 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.
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