GameStop Shares Likely To Fall After Reports Of Robinhood App Ban | GameStop
Shares of GameStop and other companies that have soared amid the growing assault by small investors on Wall Street appeared on the verge of plummeting Thursday after the amateur trading app Robinhood banned users from investing in them.Pre-market trading at GameStop, a US video game store chain, suggests a turnaround when Wall Street opens on Thursday, after the value of shares more than doubled on Wednesday.The company's market value has risen to more than $ 24 billion, nearly 10 times what it was worth a week ago.But its shares were scheduled to open down 20% before Wall Street's opening bell, after the amateur trading app Robinhood, which has been a key conduit for small investors, barred them from trading the stocks. .Blackberry, AMC and Nokia are also expected to post big drops.Sha...