Massachusetts secretary of state and Kevin O’Leary debate Reddit short squeeze

CNBC Television published this video item, entitled “Massachusetts secretary of state and Kevin O’Leary debate Reddit short squeeze” – below is their description.

The surge is shares of GameStop and moves Thursday by retail brokerages like Robinhood to restrict trading as a result is dominating the headlines this week. Both Interactive Brokers and Robinhood are planning to ease trading curbs Friday. This comes after Robinhood said Thursday it was raising more than a billion dollars from existing investors. It also drew at least $500 million on a line of credit from a group of banks in order to meet lending requirements from its central clearing house. William Galvin, Massachusetts secretary of state, and Kevin O’Leary, chairman of O’Shares ETFs and co-host of “Shark Tank,” joined “Squawk Box” on Friday to debate whether Robinhood was right to take that move.

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Massachusetts, officially the Commonwealth of Massachusetts, is the most populous state in the New England region of the United States.

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