The company also drew down a line of credit to the tune of around $600 million from banks, Bloomberg reported. Still, Robinhood said it had been forced to raise $1billion to keep the pipes of trading flowing: The company needed the money at the ready to pay out customers who could be owed money on trades. GameStop shares soared again this morning in pre-market trading as Robinhood lifted its restrictions on the unlikely stock which has surged by 1,700 per cent this month because of the 'Wolves of Reddit.'
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'If you figure out how to make money, and if you're like Donald Trump and you figure out how to get elected, you figure out how to beat the Deep State, they're gonna come and they're gonna wipe you out,' he said.'The elites are bent out of shape that a bunch of average, ordinary users have figured out how to make themselves billionaires,' Limbaugh said.Rush Limbaugh on Thursday shared that he felt the move by Robinhood and others to restrict trading came as a means of protecting hedge fund billionaires.Protesters gathered outside the New York Stock Exchange on Wall Street on Thursday night, chanting 'f*** Robinhood' and 'I want my money,' while harassing traders as they left their offices.It's been a challenging day,' Tenev told MSNBC 'We had to make a very difficult decision.Robinhood CEO Vlad Tenev, 33, last night defended firm's decision to sell users' shares without permission.Shares in GameStop soared by around 70 per cent to around $322 just before 8 am in New York, while other meme-driven surges were seen in AMC - up by 41 per cent - and in clothes firm Express Inc.This loosening came after the trading platform raised more than $1billion to be ready to pay out investors' wins and losses as it also tapped its lines of credit to the tune of hundreds of millions of dollars.
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