By Keith Griffith For Dailymail. Robinhood restricted the purchase of 50 different stocks late on Friday, including blue-chip names Starbucks and General Motors, in an apparent act of desperation as the company's cash reserves were stretched to the limit. The move followed a wild week of trading driven by small investors on the message board Reddit , who took on hedge funds that had bet against shares of struggling video game retailer GameStop. Robinhood said in a statement that it had restricted users from purchasing certain shares this week because it struggled to meet deposit requirements with the clearinghouses behind the scenes of stock trading. It was a stunning admission that cast doubt on conspiracy theories accusing Robinhood of trying to tank high-flying GameStop shares for nefarious purposes -- but it revealed how precarious the startup trading platform's financial position may be. Robinhood's trading restrictions -- which limited little investors even as big hedge funds were free to buy and sell stock at will -- drew fury from elected leaders in both parties and scrutiny from regulators.
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