The trend subsided through the summer and fall, but significantly picked up in January and February 2021 in the wake of the aforementioned stock trading suspension. ![]() This litigation continued to trickle in throughout spring 2020. Last year, Robinhood also faced litigation after the app went down during a high trading day. Waves of litigation are not new for Robinhood. The first of these lawsuits was filed on Jan. ![]() The volatility in the GameStop stock price impacted trading app Robinhood, particularly after it temporarily prevented users from transacting with the stock and other volatile stocks. The GameStop battle pitted Wall Street investment funds against a collective of retail investors using Reddit. ![]() If you had yet to hear of Robinhood before the new year, your introduction likely came in late January, as the mobile trading app became entangled in the GameStop short squeeze.
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