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Robinhood Raises $1 Billion to Support Purchases of GameStop Stock

January 29, 2021 2 min read The trading app raised $1 billion from investors overnight after tapping its credit lines for $500 million. CNBC reports that Robinhood raised the money and tapped its credit lines due to a liquidity crunch caused by purchases of GameStop and other high-flying stocks. However, the company’s CEO told the news network […]