Tuesday, May 11, 2021

Wall Street rises despite weak GDP data; GameStop frenzy continues – business live

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2.53pm GMT

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%.

2.43pm GMT

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.

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