Robinhood to allow buying fractional shares of GameStop, AMC | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Tuesday
May 20, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
TUESDAY, MAY 20, 2025
Robinhood to allow buying fractional shares of GameStop, AMC

Global Economy

Reuters
04 February, 2021, 09:25 am
Last modified: 04 February, 2021, 09:28 am

Related News

  • NCC Bank chairman's firm to buy 2.17cr shares of bank
  • Crown Cement chairman to gift 45 lakh shares to family members
  • Renata's bond, preference shares: What's behind the subscription failure?
  • Square Pharma MD Tapan Chowdhury purchases 15 lakh shares
  • Mutual funds shine amid stock market downturn

Robinhood to allow buying fractional shares of GameStop, AMC

Trading limit on GameStop’s shares was increased to 500 from 100. For AMC, the limit was set at 5,500 shares

Reuters
04 February, 2021, 09:25 am
Last modified: 04 February, 2021, 09:28 am
FILE PHOTO: GameStop logo is seen in this illustration taken February 2, 2021. REUTERS/Dado Ruvic/Illustration
FILE PHOTO: GameStop logo is seen in this illustration taken February 2, 2021. REUTERS/Dado Ruvic/Illustration

Online brokerage app Robinhood, which is at the center of a Reddit-fueled rally in a handful of stocks heavily shorted by hedge funds, said on Wednesday it would allow investors to buy fractional shares in GameStop Corp and AMC Entertainment Holdings Inc.

The move allows buying parts of shares, often to encourage participation from smaller investors by reducing the size of the amount they have to bet.

Robinhood's website showed on Wednesday trading restrictions were placed only on GameStop and AMC's stock, while restrictions on others had been lifted.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Trading limit on GameStop's shares was increased to 500 from 100. For AMC, the limit was set at 5,500 shares.

Last week, Chief Executive Officer Vlad Tenev said the app had temporarily curbed some transactions because a clearinghouse had asked for $3 billion in collateral.

The demand forced Robinhood to seek emergency funding from investors who poured in $2.4 billion on Monday, over and above the $1 billion the online brokerage raised last week.

Clearinghouses are intermediaries which ensure the completion of a stock trade even if one side of the deal goes bust.

Top News

GameStop / Robinhood / Share

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Saleh Uddin Ahmed. Sketch: TBS
    Large depositors in troubled banks to be offered shares, bonds: Salehuddin
  • Most listed state companies incur loss in 9 months
    Most listed state companies incur loss in 9 months
  • File photo of BNP Acting Chairman Tarique Rahman. Photo: Collected
    '​We want election within December': Tarique

MOST VIEWED

  • Illustration: Ashrafun Naher Ananna/TBS
    World’s top universities outside United States 2025
  • Infograph: TBS
    US-Bangladesh FTA talks begin, RMG may see major boost
  • Nusraat Faria Mazhar. Photo: Noor A Alam/TBS
    Actress Nusraat Faria detained at Dhaka airport over attempted murder case
  • Infographic: TBS
    Nationwide elevated highways in the works to boost mobility, minimise land use
  • Representational image. Photo: Collected
    Fourth-grader sent to juvenile centre for allegedly raping second-grader in Satkhira
  • Lotto inaugurates new factory to nearly triple production capacity
    Lotto inaugurates new factory to nearly triple production capacity

Related News

  • NCC Bank chairman's firm to buy 2.17cr shares of bank
  • Crown Cement chairman to gift 45 lakh shares to family members
  • Renata's bond, preference shares: What's behind the subscription failure?
  • Square Pharma MD Tapan Chowdhury purchases 15 lakh shares
  • Mutual funds shine amid stock market downturn

Features

Photo: TBS

How Shahbagh became the focal point of protests — and public suffering

9h | Panorama
PHOTO: Collected

Helmet Hunt: Top 5 half-face helmets that meet international safety standards

1d | Wheels
Photo: Collected

Simple accessories to extend the life of your luggage

1d | Brands
With a growing population, the main areas of Rajshahi city are now often clogged with traffic. Photo: Mahmud Jami

Once a ‘green city’, Rajshahi now struggling to breathe

2d | Panorama

More Videos from TBS

The instructions given by the Financial Advisor to the BSEC Chairman

The instructions given by the Financial Advisor to the BSEC Chairman

4h | TBS Today
Ishraq Mayoral Bid: Obstacles Mount Amid Political Tensions

Ishraq Mayoral Bid: Obstacles Mount Amid Political Tensions

5h | Podcast
India's 'factory dream' at risk in China-US deal

India's 'factory dream' at risk in China-US deal

5h | Others
What Was Manu Mia’s Crime After Digging 3,000 Graves?

What Was Manu Mia’s Crime After Digging 3,000 Graves?

5h | TBS Stories
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net