![]() Then investors saw red instead of green: shares almost immediately dropped after trading opened, tumbling as much as 12%. The stock was priced late Wednesday at the low end of its expected range. One top post: “Is it me or does anyone else get pleasure from watching Robinhood’s stock burn to the ground?”Īlmost nothing seemed to go right for Robinhood, whose decision to briefly freeze trading at the height of the meme-stock frenzy in January drew scorn from its own customers. Reddit’s WallStreetBets forum, a hotbed of retail traders, lit up. ![]() this year appeared to take glee Thursday as the company’s share price slid. In fact, some of the very people who flocked to the firm’s free-trading app to buy meme stocks like GameStop Corp.
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