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Google has deleted over 100k negative reviews of Robinhood after the stock market app halted Gamestop trades.
Outraged users flooded Google Play Store to give Robinhood one star ratings, accusing the app of “manipulating the stock market” when it restricted trading of GameStop, AMC Entertainment, Nokia, and other “volatile” stocks.
These trade restrictions were a response to Gamergate 2.0, a name given to a movement of investors on Reddit who decided to buy up shares of stocks that major mutual funds commonly bet against.
“Robinhood came under intense scrutiny on Thursday, after the stock trading app announced it would block purchases of GameStop, AMC, and other stocks made popular by the r/WallStreetBets subreddit,” reported The Verge.
This naturally led to upset investors leaving one-star reviews for the app, but by Thursday night Google had deleted nearly 100,000 of these reviews.
Of course, mass deletion of reviews by outraged users will only solidify their opposition, like sand seeping through the cracks of a closed fist.
“It turns out [the] Robinhood app is the biggest frauds of them all,” said Dave Portnoy, a trader at the center of Gamergate 2.0 and a major critic of Robinhood. “’Democratizing finance for all’ except when we manipulate the market cause too many ordinary people are getting rich.”
Robinhood said that decision to halt purchases was “a risk-management decision.”
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