Many 'apes' on Reddit are sitting out the Robinhood IPO

There appear to be a lot of angry individual investors — the so-called apes of Reddit — who want nothing to do with the company or the stock. Some are even threatening to short the stock, betting it will go down. Shares were down about 5% in late afternoon Thursday after opening at the initial public offering price of $38. Robinhood had fallen as much as 10% at one point.Investors are resentful toward Robinhood for temporarily halting purchases of GameStop (GME) and other meme stocks earlier this year when big institutions were trying to sell them. One Reddit poster on a WallStreetBets thread dedicated to the Robinhood IPO wrote

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