The stock market was swallowed by chaos after stock trading app Robinhood prohibited users from buying certain stocks like GameStop and AMC.
It all started when Reddit users decided to buy into stocks for GameStop, the video game retailer. These users ultimately caused the stock to skyrocket so when app restricted buying options Ja entered the scene.
It seems Ja Rule is very invested in this matter so he has expressed his thoughts on the situation. “Yo this is a f**king CRIME what RobinhoodApp is doing DO NOT SELL!!! HOLD THE LINE… WTF”, he started.
Yo this is a CRIME what @RobinhoodApp is doing DO NOT SELL!!! HOLD THE LINE… WTF 🤬
— Ja Rule (@jarule) January 28, 2021
It’s terrible how Wall Street crushes the American dream… #bigbanktakelilbank #ICONN
— Ja Rule (@jarule) January 28, 2021
Robinhood addressed their latest decision with a website blog post, they wrote, “In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK.” company added, “We also raised margin requirements for certain securities.”
Here are some more tweets from Queens’ rapper, “They hedge fund guy shorted these stocks now we can’t buy them ppl start selling out of fear… we lose money they make money on the short… THIS IS A F**KING CRIME!!!.”
They hedge fund guy shorted these stocks now we can’t buy them ppl start selling out of fear… we lose money they make money on the short… THIS IS A CRIME!!!
— Ja Rule (@jarule) January 28, 2021
Ja rule even encouraged beta testing for new app.
What I’m speaking on is decentralization… ICONN gives creatives monetary FREEDOM!!! Click the link to beta test the new app!!! https://t.co/opIo6bJMw1 https://t.co/uncInnPk2Z
— Ja Rule (@jarule) January 28, 2021
