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January 28, 2021

Calls for congressional hearings grow as Robinhood and other brokerages restrict GameStop trades

Both Democrats and Republicans expressed concern over recent moves by trading platforms, which say they are acting in the interest of users.

GameStop’s astounding saga captivated America this week, as it rocketed to new heights fueled by starry-eyed retail investors from Reddit’s WallStreetBets. The video-and-computer-game vendor’s stock soared from $40 per share in mid-January to, at one point, $470 per share this Thursday.

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