Popular trading app Robinhood relaxed some of its restrictions on the trading of heavily shorted stocks such as GameStop on Monday, increasing the number of shares users can purchase of these companies. According to the updated rules, users can now buy four shares of GameStop instead of one. Additionally, Robinhood users can also buy up to 75 shares of AMC and 200 shares of Express. The news comes amid a report from the Wall Street Journal which said the broker managed to raise another $2.4 billion from shareholders amid the investing frenzy. Shares of electronics and video game retailer GameStop dropped nearly 30% an hour into Monday’s session amid what appeared to be profit-taking for some investors who have purchased the stock early in the standoff between WallStreetBets and hedge funds last month. On Sunday, it was reported the hedge fund Melvin Capital Management sustained a 53% loss in January amid the GameStop short squeeze. GameStop was as high as $483 now down to $230 per share losing over half its value. Nick Note: See the millennials are all in. They bought in low. But they kept buying and borrowing. Starting to book losses. Now they are getting them to stay in. See the message reprinted from the blogasphere. They will ride big profits into huge losses they always do!!!! And when they get their next happy check they will do it all over again. They just can’t help themselves