Decision to resume ‘limited buys’ by app helping fuel share-buying frenzy follows investor cash injection
Robinhood, the app favoured by small investors who have sent the share price of certain stocks soaring, is to restore trading in companies including GameStop after securing a $1bn (£730m) injection from backers to handle the ongoing market frenzy.
The decision to resume what Robinhood said would be “limited buys” of stocks such as American Airlines and AMC, the world’s largest movie theatre chain and owner of Odeon in the UK, sent GameStop’s stock up 99% to $389 a share in pre-market trading on Friday.
