GameStop photo The Verge had extensive coverage this week of how the subreddit r/WallStreetBets sent GameStop’s stock skyrocketing, and the chaos that ensued thereafter. For this week’s episode of The …
GameStop
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- Finance
Robinhood raises $1 billion and taps credit lines to make trading of GameStop available to customers
Robinhood raised $1 billion overnight from investors to shore up its balance sheet as the brokerage app was set to ease restrictions in the trading of certain volatile stocks, according …
- Finance
What pro traders, the Reddit crowd and regulators may do next in the GameStop short squeeze saga
The Reddit forum WallStreetBets logo on a smartphone arranged in Sydney, Australia, on Thursday, Jan. 28, 2021. Brent Lewin | Bloomberg | Getty Images What’s next for the Reddit crowd? Wall …
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The war between hedge funds and retail investors over shares of GameStop has one logical conclusion, according to executives and traders of a major Wall Street firm. Shares of GameStop, …
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Friday, January 29, 2021 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Robinhood becomes the GameStop story’s main character. The …
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At the center of the GameStop stock trading frenzy is Robinhood, a trading app for regular investors that says it’s out to “democratize finance.” But the growing chaos in the …
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GameStop. It’s everywhere: your family members have messaged you about this, the world’s richest man has tweeted memes about this, and there’s also a sea shanty about it. I don’t blame you …
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Facebook spokeswoman Kristen Morea said, “This group was removed for violating our Community Standards, unrelated to the ongoing stock frenzy.” (Subscribe to our Today’s Cache newsletter for a quick snapshot …
- Entertainment
Jordan Belfort, the Real ‘Wolf of Wall Street,’ Shares Thoughts on GameStop Stock Surge
Image via Getty/Robin Lonkhuijsen Jordan Belfort has a warning for those looking to cash in on the Reddit-fueled stock surges. The infamous ex-stockbroker, who was the inspiration behind Martin Scorsese’s …
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Despite denials of any arrangement with big money Wall Street backers, there’s still widespread belief that the inability to purchase these specific companies has been coordinated to disadvantage retail stock …
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Short selling is a trading strategy based on speculation that a company’s stock will drop in price. If shares rise instead, the investors are forced to buy the shares, which …
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No, Robinhood tells The Verge, it didn’t sell off full shares of GameStop, AMC, and other buzzy stocks without permission from its traders. That contradicts the stories of twelve people …
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Until the start of the pandemic, it had never occurred to Alex Patton that he could become an amateur trader. But now, in the wake of the GameStop shares frenzy, …
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Paolo Pasquariello, professor of finance at the University of Michigan, will quickly tell you the endgame for GameStop. “This is going to end badly for a lot of people,” Pasquariello …
- Finance
Robinhood CEO says it limited buying in GameStop to ‘protect the firm and protect our customers’
Robinhood CEOs Baiju Bhatt and Vlad Tenev. Source: Robinhood Robinhood CEO Vlad Tenev said Robinhood’s move to stop trading in certain speculative names was in the best interest of the …
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Visa and Mastercard credit cards. Getty Images Check out the companies making headlines after the bell: Visa — Shares of the payments giant rose 1% in extended trading on Thursday …
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Financial services company E-Trade has restricted purchases of GameStop and AMC stock, a source tells Bloomberg. The two stocks have become popular on forums like the r/WallStreetBets subreddit and seen …
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Robinhood has announced that, beginning on Friday, January 29th, it will allow “limited buys” on restricted stocks, potentially signaling the end of a brutal day-long hold on GameStop, AMC, BlackBerry, …
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GameStop mania is sweeping Capitol Hill, as legislators of both parties criticize … somebody … for … something …. about … short squeezing? Vigilante retail investors have driven shares of …
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Sen. Elizabeth Warren, D-Mass. Tom Williams | CQ-Roll Call, Inc. | Getty Images Sen. Elizabeth Warren lambasted the Securities and Exchange Commission on Thursday, blaming the regulator and its failure …
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Sen. Sherrod Brown (D-OH), the incoming chair of the Senate Banking Committee, announced Thursday that he plans to hold a hearing on the “current state of the stock market” in …
- Finance
Interactive Brokers restricted GameStop trading to protect the market, says Chairman Peterffy
In this photo illustration, the Interactive Brokers LLC logo seen displayed on a smartphone. Igor Golovniov | LightRocket | Getty Images Interactive Brokers chairman Thomas Peterffy said the broker’s move …
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A spokesperson for Robinhood declined to comment. Robinhood isn’t the only firm to restrict trading on GameStop. Interactive Brokers, Webull, and TD Ameritrade have imposed similar restrictions. But Robinhood has …
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Traders who gobbled up GameStop (GME) stock in the Reddit-user-fueled push to squeeze short sellers could end up on the defending side of enforcement action if officials can find out …
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Paul Weaver/SOPA Images/LightRocket via Getty Images Investors gawking at hefty returns from GameStop stock may be in for a surprise: a big tax bill. GameStop stock has swelled more than …
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TipRanks These 2 Penny Stocks Could Rally All the Way to $11, Say Analysts At its January FOMC meeting, the Federal Reserve held interest rates steady – they are near …