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It’s real. They just announced it on their blog: https://blog.robinhood.com/news/2021/1/28/keeping-customers-...

> Our mission at Robinhood is to democratize finance for all. We’re proud to have created a platform that has helped everyday people, from all backgrounds, shape their financial futures and invest for the long term.

> We continuously monitor the markets and make changes where necessary. 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. We also raised margin requirements for certain securities.

> Amid significant market volatility, it’s important as ever that we help customers stay informed.

> We fundamentally believe that everyone should have access to financial markets. We’re humbled to have helped many people invest in the markets for the first time.



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