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GME Soars 75% After-Hours, Erases Losses After Liquidity-Constrained Robinhood Lifts Trading Ban

Summary of today’s trading chaos:

  • GME Stock Rallies After-Hours, Erases Day’s Losses.
  • Protesters At NYSE & Robinhood HQ; Angry At Discount Brokerage.
  • Robinhood Draws Down On Credit Lines With Banks. 
  • Citadel Securities Denies It Influenced Robhinhood In Restricting Stock Trading In GME.
  • Robinhood Releases Statement Saying Stock Trading In GME Restarts Friday. 
  • Robinhood Users Complain Their GME Positions Are Being Sold Without Notice. 
  • Elon Musk Agreed With Congresswoman AOC For Investigation In Robinhood Banning Users From Trading GME.
  • Barstool’s David Portnoy Starts Twitter Spat With Citadel Point72’s Steve Cohen.
  • User Sues Robinhood In Southern District of New York For “Removing GME From Platform.” 
  • AOC Livid With Robinhood’s Decision To Place Trade Restrictions On Users; Calls It “Unacceptable.” 
  • Robinhood Confirms Users Having Issues With “Equities, Options, And Crypto” Trading. 
  • Interactive Brokers Put AMC, BB, EXPR, GME, and KOSS Option Trading Into liquidation.
  • Robinhood Restricts Trading In AMC, BB, BBBY, EXPR, GME, KOSS, NAKD & NOK.
  • TD Ameritrade Placed GME, AMC On Trade Restrictions.

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