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.....»»
BigCommerce customers can now sell on Walmart’s online marketplace
BigCommerce has partnered with Walmart to allow its customers to sell on the Bentonville, Arkansas-based retailer’s ecommerce marketplace, it announced this morning. Shares of Austin-based BigCommerce rose sharply in pre-market trading after th.....»»
GameStop CFO resigns a month after the Reddit trading frenzy
After a wild several weeks for GameStop, the retailer's chief financial officer is resigning......»»
SEC halts trading of iced tea company that pivoted to blockchain
The company's blockchain business "never became operational," SEC says. Enlarge (credit: Lipton / Timothy B. Lee) Back in 2017, we reported on the bizarre story of the Long Island Iced Tea Company rebranding itself as the Long Blockchain Corp......»»
A fraction of Robinhood’s users are driving its runaway growth
Borrowing a term from the casino trade, these whales generate the bulk of the company's revenue stream. Yesterday’s House Financial Services Committee hearing about GameStop and Robinhood wasn’t great. Reuters has a good summary.....»»
Robinhood says GameStop volatility was a “1 in 3.5 million” black swan
CEO Tenev tells House committee quicker trade settlements would prevent a repeat. Enlarge / Ready, take aim, and let fly... (credit: Aurich Lawson / Getty Images) Robinhood's move to temporarily limit purchases of GameStop and other highly vol.....»»
Robinhood says Gamestop volatility was a “1 in 3.5 million” black swan
CEO Tenev tells House committee quicker trade settlements would prevent a repeat. Enlarge / Ready, take aim, and let fly... (credit: Aurich Lawson / Getty Images) Robinhood's move to temporarily limit purchases of GameStop and other highly vol.....»»
Robinhood boss says GameStop episode "unacceptable"
Lawmakers grill key players in the GameStop trading frenzy at a hearing in Washington......»»
Paying $115B for Stripe or $77B for Coinbase might be quite rational
It's hard to overvalue a startup when the public market is willing to double its valuation the moment it starts to trade. CoinDesk reported yesterday that crypto trading startup Coinbase is being valued at $77 billion on private exchanges......»»
"Roaring Kitty" GameStop investor hit with lawsuit
Keith Gill is being sued over claims he duped fellow investors into buying its shares last month......»»
As expected, stock trading service Public raises $220M at unicorn valuation
The day before Robinhood goes under the the Congressional hammer, domestic rival Public.com announced this morning that it has closed a $220 million funding round at a $1.2 billion valuation. News of the round was first broken by TechCrunch. Further.....»»
Breakthrough in organic chemistry: Asymmetric syntheses of useful, unique chiral compounds
Atropisomers are a class of stereoisomers (chemical compounds that differ in spatial arrangement of atoms) arising from restricted rotation around a single bond and have various applications in chemistry. To date, most research on atropisomers has fo.....»»
The Rich Got Richer: GameStop"s Trading Frenzy Benefited Wall Street"s Elite
While GameStop's surge has been heralded as a victory for underdogs, "Growing evidence casts doubt on the idea that the episode mostly benefited small-time investors..." reports the Washington Post. (Alternate URLs here and here "And, in at least s.....»»
There is infinite money for stock-trading startups
Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Want it in your inbox every Saturday morning? Sign.....»»
Canadian Regulator Clears Launch of World"s First Bitcoin ETF
Canada's main securities regulator has cleared the launch of the world's first bitcoin exchange traded fund, an investment manager said on Friday, providing investors greater access to the cryptocurrency that has sparked an explosion in trading inter.....»»
Biden administration taking steps to address chip shortages
White House press secretary Jen Psaki said that the Biden team is “currently identifying potential chokepoints in the supply chain and actively working alongside key stakeholders in industry and with our trading partners to do more now.”.....»»
The reality of mobile living is often not quite what it seems
Travel might be restricted, but that hasn't stopped a growing community from taking their work, and their home, on the road. Inspired in part by Grey Nomads, these new digital nomads are embracing van life and everything it has to offer......»»
Government Agencies Begin Investigating Robinhood, Reddit Over GameStop Stock
An anonymous reader quotes a report from CNET: GameStop's stock price shot through the roof in late January thanks to traders on Reddit. Now at least two government agencies are reportedly investigating why it happened as well as what roles Reddit an.....»»
As more insurtech offerings loom, CEO Dan Preston discusses Metromile’s SPAC-led debut
We spoke to Metromile CEO Dan Preston about what the day meant for his company and learn more the SPAC process for our own enjoyment. Metromile began trading as a public company yesterday. Its exit from the private market was accelerated by.....»»
Robinhood’s pain is Public’s gain as VCs rush to give it more money
Public.com, a social-focused free stock trading service, is nearing the close of a Series D just two months after raising a $65 million Series C, sources familiar with the matter told TechCrunch. The San Francisco-based fintech aims to give people th.....»»
Why didn’t GameStop sell some of its inflated stock during the bubble?
The retailer could still possibly arrange a stock-for-cash infusion in the future Enlarge / Hi, yeah, how much can I get by trading in this slighty used share of GameStop stock? (credit: Getty Images) At the beginning of the year, the stock ma.....»»