Robinhood has been facing much backlash for their response to the rise of the Gamestop stock, which they prevented from being freely traded. Now, Ja Rule has chimed in with his thoughts on the situation and even offered up some advice to Robinhood. Ja Rule has had his run-ins with investing and the negative aspects, as he went through a storied saga with the Fyre Festival. However, that didn’t stop him from speaking on Robinhood while on CNBC. Ja Rule said, “Robinhood gotta let em' trade. You gotta let people trade. I think the real situation going on is, I don't think the CEO had the money to cover the actual money that was going through the platforms. The margins. I think that's what's really the freezing is about. It looks like it's playing into the hands of the big Wall Street guys, the big hedge fund guys." Ja Rule then said Robinhood has a long way to recover from the backlash, saying, “People are mad. You heard Elon Musk talk about it, Mark Cuban. Even the AOC talking about it. It's an issue, people are mad, and they should be. This is the app that claims it's about free trade, and they took that power away from people." Watch above. source: CNBC
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