Reports are coming in this morning that trading app Robinhood has suspended buying for GameStop (NYSE:GME) stock and others after GME's price surged in a Bitcoin-like parabolic rally.
Unless you've been living under a rock, you'll know that average Redditors proved their investing power going up against major Wall Street traders short-selling GameStop stock. Largely fueled by small-time investors pushing back against large hedge funds, the price of the stock has risen more than 1,400% from roughly $20 on Jan. 12 to $358 at time of publication.