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Robinhood surges more than 50pc as day traders pile in – The Australian Financial Review

Shares in the zero-fee trading platform rose as much as 82 per cent, before easing, as retail traders poured into the stock.

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Trader chatrooms, such as those on StockTwits, and Twitter feeds were aflame with mentions of Robinhoods surge. Users compared the surge to the massive rallies staged by so-called meme stocks like GameStop and AMC Entertainment Holdings earlier this year.

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