The cause of Robinhood’s downfall can be attributed to the restricted listing of stocks that permitted specific investors to trade on the shares freely while the unprivileged investors were allowed limited purchase without sale. Although the value of the restricted stoke increased by a margin of $276 billion, the restriction in their access led to a loss of value that was estimated at $167 billion. This was regarded as an unfair practice that called for the attention of politicians in the Senate. It also attracted the attention of traders in Robinhood to take a class-action lawsuit. The actions can be attributed to rampart corruption and fraud propagated by the rich people in the society. They are also insider actions for people motivated by making profit. Such people are inconsiderate and reckless at best.
