Robinhood restricts buying of fractional shares in GameStop, other hot stocks

Reuters2021-01-29

Jan 29 (Reuters) - Online brokerage Robinhood said on Friday it was not allowing purchases of parts of shares in GameStop and other stocks, a practice that has encouraged smaller investors by reducing the size of the amount they have to bet.

(Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Shinjini Ganguli)

((Sagarika.Jaisinghani@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2256;))

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