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.....»»
Robinhood limits users to a single share of GameStop and other stocks
Robinhood has detailed its latest step in the complex quagmire of market manipulation that is this week’s GameStop hedge fund Reddit army debacle. Users will for the present be limited to holding a single share of GameStop and dozens of other s.....»»
SEC To Review Brokers" Restrictions on GameStop, AMC Trading
Securities regulators said Friday they plan to closely review the actions of some brokerage firms [Editor's note: the link may be paywalled; alternative source] that restricted investors' ability to trade volatile stocks such as GameStop this week. F.....»»
Robinhood’s plan to “democratize finance” hit a GameStop-shaped speed bump [Updated]
Liquidity requirements lead to unexpected restraints, and it's probably legal. Enlarge / Ready, take aim, and let fly... (credit: Aurich Lawson / Getty Images) As the price of heavily shorted stocks like GameStop has shot up in recent days, so.....»»
Stocks explained: What"s going on with GameStop?
Chris Fox explains stocks, short-selling and what has been happening with GameStop shares......»»
Robinhood’s plan to “democratize finance” hit a GameStop-shaped speed bump
Liquidity requirements lead to unexpected restraints, and it's probably legal. Enlarge / Ready, take aim, and let fly... (credit: Aurich Lawson / Getty Images) As the price of heavily shorted stocks like GameStop has shot up in recent days, so.....»»
No, WallStreetBets isn’t robbing Wall Street to help the little guy
Analysis: A seductive "short squeeze" narrative obscures what's really happening. Enlarge / A closed GameStop store in Frankfurt, Germany, on Friday, Jan. 29, 2021. (credit: Alex Kraus/Bloomberg via Getty Images) You've probably seen stories a.....»»
Robinhood Is Said To Draw On Bank Credit Lines Amid Tumult
An anonymous reader quotes a report from Bloomberg: Robinhood, the trading app that's popular with investors behind this month's wildest stock swings, has drawn down some of its credit lines with banks, according to people with knowledge of the matte.....»»
GameStop Shows Rising Power of Retail Traders, Says Reddit Co-Founder
Reddit Chief Executive Officer Steve Huffman said on Thursday that the WallStreetBets forum is "by no means perfect but they've been well in the bounds of our content policy." From a report: "With all of our communities that do their best to be good.....»»
Robinhood Restricts Crypto Trading "Due To Extraordinary Market Conditions"
Robinhood restricted trading in cryptocurrencies on Friday, as the price of bitcoin and a meme-inspired token rose sharply. From a report: Users began reporting that the trading app had halted instant deposits for crypto purchases earlier in the day,.....»»
Profile of Keith Gill, Who Drove the GameStop Reddit Mania
The investor who helped direct the world's attention to GameStop, leading a horde of online followers in a bizarre market rally that made and lost fortunes from one day to the next, says he's just a normal guy. From his profile by The Wall Street Jou.....»»
SEC issues statement on past week’s turbulent market activity prompted by Reddit-fueled GameStop run
The U.S. Securities and Exchange Commission (SEC) has issued an official statement on the tumult of the past week in the public stock market. It’s a relatively brief statement, and doesn’t mention any of the key players by name (aka GameS.....»»
Google halts Play Store "review bombing" by GameStop traders
A deluge of one-star reviews from aggrieved online traders has been deleted by Google......»»
Robinhood raises $1B after trading halts to keep its platform running
After a turbulent week for the stock market and halts to the trading of certain speculative securities including GameStop (GME) and AMC, consumer investing app Robinhood has raised new capital. The new funds total more than $1 billion, with the compa.....»»
WallStreetBets craze pushes dogecoin up 5x in 24 hours
The social media mob that pumped up GameStop is now dabbling in cryptocurrency. Enlarge (credit: Onay Jakobov / EyeEm / Getty) Dogecoin—the cryptocurrency based on a meme about an over-enthusiastic Shiba Inu dog—reached an all-time record.....»»
GameStop: Confused investors inundate Robin Hood society
Thousands mistake the group for a US trading platform that curbed the buying of shares in GameStop......»»
Stock trading app Trade Republic expands to France
German startup Trade Republic is rolling out its app and service in France this week. This is a significant expansion move as Trade Republic has only been available in Germany and Austria so far. Trade Republic lets you buy and sell shares or exchang.....»»
WallStreetsBets craze pushes dogecoin up 5x in 24 hours
The social media mob that pumped up GameStop is now dabbling in cryptocurrency. Enlarge (credit: Onay Jakobov / EyeEm / Getty) Dogecoin—the cryptocurrency based on a meme about an over-enthusiastic Shiba Inu dog—reached an all-time record.....»»
Why calendar invites are worth $3B
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Danny and Alex and Grace hopped online for our weekly show, sans Gamestop news (which you can find.....»»
AOC, Ted Cruz Slam Robinhood for Freezing Some Trades Amid GameStop Volatility
With Reddit's interest in sending some stocks soaring showing no sign of slowing down, the trading app Robinhood started restricting some transactions Thursday morning. Reddit wasn't happy -- and neither are some lawmakers. From a report:The incident.....»»
Robinhood Will Allow "Limited Buys" of Stocks Like GameStop, Starting Friday
After removing GameStop, AMC, BlackBerry, and Nokia from its platform, getting slapped with a class-action lawsuit, and flooded with 1-star reviews on the Google Play Store, Robinhood is starting to have a change of heart. The trading platform announ.....»»