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GameStop Couldn’t Stop Robin Hood: 2K Percent In One Week

The video game vendor Game Stop shares, which increased gradually with the growth of the game market due to the pandemic. And then increased by 8 thousand percent in the last six months with the collective attitude of Reddit users, were recently banned in Robinhood and Webull.

Where more small investors were trading on the grounds that users were manipulating the market. Shares of GameStop rose as much as 114 percent on Friday after Robinhood lifted the restriction on trading. With the latest increases, the increase in company shares in the last week was 2 thousand percent.

GameStop shares, which have increased by nearly 8,000 percent in the last six months, were banned on Robinhood and Webull platforms. Where smaller investors and traders were trading.

Following the ban on the company’s shares, Reddit users reacted greatly and wrote topics and comments to repurchase the company’s shares as they were opened.

Shares of the company rose 114 percent on Friday after the ban on GameStop shares was lifted. After the subsequent profit sales, the company closed the day with an increase of 68 percent.

Organized on Reddit’s stock exchange forum, WallStreetbets, small investors aim to wreak havoc on funds by collecting the shares of companies whose funds are short-selling. Shares of GameStop, which has been at the center of this war so far, have decreased by 44% after being banned on Robinhood and Webull platforms, but have increased by 800% from $ 17 to $ 325 since the beginning of 2021.

Transactions in AMC and Blackberry stocks were suspended, along with the “Reddit shares” of GameStop stocks. When the ban on them was lifted, Blackberry shares rose 12 percent and AMC 53 percent.

The support of businessmen for the collective attitude in WallStreetbets continues to increase. Tesla and SpaceX CEO Elon Musk shared “GameStonk”, drawing attention to the company’s growth and expressing his support.

The other day, entrepreneur Justin Sun, who is the founder of the crypto money platform TRON with Peiwo, known as China’s Snapchat, announced that he will buy a $ 1 million GameStop share on what happened yesterday.

Written by Maraaz

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