- US growth slows to 4% in Q4; 2020 worst year for US economy since 1946
- Prudential to spin off US arm and mulls $3bn equity raise
- Diageo and Fever-tree thrive in tequila and cocktails boom
- Apple and Facebook beat forecasts and Tesla misses profit estimates
GameStop shares have risen more than 13% to $394 in early trading, after surging 40% in pre-market trading –- despite restrictions by online trading platforms. The ailing video games company is now worth $27.5bn.
However, Blackberry shares –– another stock that had soared –– fell 22.3%.
The online trading platforms Robinhood and Interactive Brokers said today that they had restricted trading in shares of GameStop, BlackBerry and other companies that have skyrocketed this week amid a social media-driven trading frenzy.