Robinhood Markets Lifts Trading Restrictions, GameStop Shoots up 15%

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A Robinhood spokesperson said in a statement, “With individual volatile securities accounting for hundreds of millions of dollars in deposit requirements … we had to take steps to limit buying in those volatile securities to ensure we could comfortably meet our requirements”.

Meanwhile, the GameStop frenzy trading resulted in heavy losses to traders. Keith Gill — the man behind WallStreetBets’ GameStop rally lost a striking $13 million in one day.

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