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Robinhood IPO to get cold shoulder from Reddit’s meme-stock army

‘Don't buy or short it, forget about Robinhood’

Conversations on social platform Reddit show investors are considering a snub of Robinhood's markets debut, with some also making plans to shift their accounts away to other brokers
Conversations on social platform Reddit show investors are considering a snub of Robinhood's markets debut, with some also making plans to shift their accounts away to other brokers Photo: SOPA Images/LightRocket via Getty Images

Armchair retail traders are divided ahead of the upcoming flotation for stock investing app Robinhood, as users who once piled into GameStop and AMC on its platform threatened to boycott the IPO entirely.

Robinhood found itself at the centre of a trading frenzy for so-called meme stocks earlier this year, as online platforms saw their user numbers spike with heavy demand for investing. The tech firm later received backlash for its handling of the craze, as it was forced to seek billions in emergency capital and shut down or limit access to certain stocks.

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