Still, the Reddit/Robinhood crowd is playing a dangerous game by going after stocks that hedge funds think are due for a fall. It may not end well. “It’s great that we are seeing people actively participating in the markets,” said Derek Horstmeyer, finance professor at George Mason ...
Robinhood’s decision to limit trades ofGameStop(GME),AMC(AMC) and others that were bid up by agroup of traders on Redditsparked an immediate and intense backlash from retail investors. The WallStreetBets subreddit accused the app of market manipulation. ...
For example, the Fed could mandate that investors pay for stocks with cash rather than borrowed money – a step Robinhood took for GameStop and AMC today. But Powell ruled that out. “Remember, we’re focused on maximum employment, price stability, financial stability of, as I defined...
For example, the Fed could mandate that investors pay for stocks with cash rather than borrowed money – a step Robinhood took for GameStop and AMC today. But Powell ruled that out. “Remember, we’re focused on maximum employment, price stability, financial stability of, as I defined...
During an interview with CNN on Sunday, Warrencalled for the SEC to investigatethe entire GameStop saga. In her letter to Robinhood, copied to the SEC and FINRA, Wall Street’s self-regulator, Warren specifically asks whether the startup was in violation of regulations or laws before or duri...
Some Reddit users behind the recent GameStop stock frenzy are moving away from trading on the Robinhood app after it temporarily restricted trades on more than a dozen red-hot stocks yesterday. They say they’re moving to alternatives like Fidelity, Schwab and Vanguard, and ...
Fidelity said it is not restricting users from buying or selling shares of GameStop, AMC or Bed, Bath and Beyond, which were among the 13 stocks Robinhood blocked on Thursday. Fidelity said an “above average” number of users joined its platform Thursday, but it declined to say...
The reason GameStop, AMC, BlackBerry (BB) and a bunch of other stock picks from the WSB group are soaring is because the way people trade stocks has changed dramatically. No-fee apps like Robinhood democratize access to financial markets. Who needs high-paid Wall Street analysts when you ca...
The reason GameStop, AMC, BlackBerry(BB)and a bunch of other stock picks from the WSB group are soaring is because the way people trade stocks has changed dramatically. No-fee apps like Robinhood democratize access to financial markets. Who needs high-paid Wall Street analysts when you can ...
The meteoric rise in GameStop’s stock, as traders congregating on Reddit and Discord take on short sellers and hedge funds, is hard to look away from. It’s the closest thing Wall Street has to David vs. Goliath.