GameStop, AMC Trading Now Being Restricted at TD Ameritrade, Schwab
Some major brokerage houses have begun to respond to a frenetic surge in the price of shares of companies that has been attributed to rabid buying by individual investors on social-media platforms. From a report: On Wednesday, TD Ameritrade said it w.....»»
Facebook takes down 16,000 groups trading fake reviews after another poke by UK’s CMA
Facebook has removed 16,000 groups that were trading fake reviews on its platform after another intervention by the UK’s Competition and Markets Authority (CMA), the regulator said today. The CMA has been leaning on tech giants to prevent their.....»»
Nigeria’s SEC warns investment platforms to stop trading ‘unregistered’ foreign securities
In a circular released by Nigeria’s capital market regulator SEC, investment platforms providing access to foreign securities might be treading on dangerous grounds. According to the SEC new regulations, these platforms are trading foreign secu.....»»
Crypto trading on Robinhood spiked to 9.5M customers in first quarter
It’s been a big year for crypto, and Robinhood shared some stats today providing more evidence that the crypto boom is more than just hype — at least for now. In a blog, Christine Brown, Robinhood’s head of crypto operations, revealed that.....»»
Why some investors are excited about Ryan Cohen as GameStop’s next chairman
Move comes as GameStop tries to cash in on its persistent stock surge. Ryan Cohen in 2019, probably contemplating ways to turn around struggling brick-and-mortar retailers... Struggling video game retailer GameStop announced Thursday that.....»»
Shares of lidar sensor startup Innoviz rise in trading debut
The Israeli startup went public Tuesday after completing a merger with publicly listed blank-check firm Collective Growth Corp. that raised $371 million......»»
Coinbase’s monster Q1 in context
In the first quarter of 2021, American consumer cryptocurrency trading giant Coinbase grew sharply, generating strong profits at the same time. For Coinbase, the disclosure of its preliminary Q1 2021 results comes a week ahead of its direct listing,.....»»
Will Topps’ SPAC-led debut expand the bustling NFT market?
Twitter is abuzz with the news that Topps, a company perhaps best known for making collectible trading cards, is going public via a SPAC. The reverse merger with its chosen blank-check company values the combination on an equity basis at $1.163 billi.....»»
Insider-Trading Indictment Shows Ties To Bloomberg News Scoops
For more than six months, federal prosecutors say, a New York man used inside information to make illegal profits in the stock market -- and a core element of his alleged scheme was his interaction with Bloomberg News, which published several stories.....»»
Bitcoin is Trading Near $66,000 in South Korea as "Kimchi Premium" Returns
Bitcoin is trading near $66,000 levels in South Korea as "Kimchi Premium" has returned. From a report: Kimchi Premium is the spread between bitcoin's price on South Korean crypto exchanges and Western exchanges. Bitcoin is currently trading at around.....»»
Coinbase Sets Direct Listing For April 14
Coinbase, the largest U.S. cryptocurrency exchange, said it's planning to make its trading debut on April 14. Bloomberg reports: The company's registration statement for the listing has been declared effective by the U.S. Securities and Exchange Comm.....»»
Coinbase to direct list on April 14th, provide financial update on April 6th
Today Coinbase, an American cryptocurrency trading platform and software company, said that it will begin to trade via a direct listing on April 14th. In a separate release the company also said that it will provide a financial update on April 6th, a.....»»
Deliveroo debuts on the LSE at £3.31, down 15% on its £3.90 pricing; shares have dipped by as much as 30.5%
Update: It seems that the market is volatile indeed. After pricing its shares at the lower end of the range, Deliveroo, trading as “ROO” on the London Stock Exchange, opened at 331 pence (£3.31), down some 15% on its private placement pr.....»»
Deliveroo debuts on the LSE at £3.31, down 15% on its pricing of £3.90 valuing the company at £7.59B
Update: It seems that the market is volatile indeed. After pricing its shares at the lower end of the range, Deliveroo, trading as “ROO” on the London Stock Exchange, opened at 331 pence (£3.31), down some 15% on its private placement pr.....»»
GameStop raids Amazon for another heavy-hitter exec
GameStop is adding to its growing list of new executives hired from Amazon and Chewy with the hope of turning the struggling, longtime mall staple into an e-commerce powerhouse......»»
What Silicon Valley could learn from China’s Q&A platform Zhihu
China’s largest question and answer platform Zhihu began trading in New York at $9.5 per share at the lower end of its IPO range, valuing the company at about $5.3 billion. The aggregate offering size of Zhihu’s IPO and the concurrent pri.....»»
Robinhood Aims To Allow Users To Buy Into IPOs
An anonymous reader quotes a report from Reuters: Robinhood is building a platform to "democratize" initial public offerings (IPOs), including its own, that would allow users of its trading app to snap up shares alongside Wall Street funds, according.....»»
Will fading YOLO sentiment impact Robinhood, Coinbase and other trading platforms?
What would happen to Robinhood and its cohorts if the apparent cooling in consumer trading demand continues? Let's talk about it. What happens to hot fintech startups that have benefited from a rise in consumer trading activity if regular f.....»»
GameStop (the stock) and GameStop (the retailer) continue to be worlds apart
Valuation has dipped a bit but is still up roughly 900% in 3 months. Enlarge / It may take more than one bad earnings report to pop this bubble... The last time GameStop announced its quarterly earnings, in early December, the stock market va.....»»
GameStop sales struggle after trading frenzy
GameStop provides its first financial update since it became the subject of a trading frenzy......»»
Robinhood files confidentially to go public
Today Bloomberg reported, and Axios confirmed that Robinhood has filed privately to go public. The well-financed Robinhood is an American fintech company that provides zero-cost trading services to consumers. Private IPO filings have become common in.....»»