NewsSocial Media

Ja Rule Gets Clowned For RobinHood App Financial Advice



Amid the flurry of speculative activity in GameStop, brokers took steps to restrict the trading in GameStop stock and options and other related securities. Free-stock trading pioneer Robinhood and Interactive Brokers both took steps to curb the wild trading activity in heavily shorted names on Thursday.

Robinhood which is a stock trading and investing app, announced it would be restricting transactions for certain securities, citing “current market volatility” in its immediately criticized press release.

“In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AAL, $AMC, $BB, $BBY, $CTRM, $EXPR, $GME, $KOSS, $NAKD, $NOK, $SNDL, $TR, and $TRVG,” a Robinhood rep said on Thursday. “We also raised margin requirements for certain securities.”

The led to Ja Rule giving his thoughts on the situation, but with his financial disaster known as the Fyre Festival led to mockery by people on Twitter.