The Reddit-fueled rise of GameStop shares in January made many individual investors incredibly rich. Wall Street investors also took advantage of GameStop’s meteoric rise and its subsequent sharp decline. Many Wall Street firms actively monitor social media chatter on Reddit to stay abreast of what retail investors are up to. Over the course of a …
In just a few days, Redditors managed to drive up GameStop’s share price by more than 5,000%. The entire saga, which will eventually become a Netflix film, exposed a dirty secret long known to Wall Street insiders: short-sellers have been manipulating the market for their own benefit for decades. In a series of events that …
Amazon CEO Jeff Bezos is giving up his chief executive title later this year, the Internet retail giant announced on Tuesday, stunning everyone with the news that its longtime CEO is poised to transition out of the role to become the company’s new executive chairman. This move will presumably free up Bezos to focus on …
GameStop shares are down more than 70% over the last two days. As hedge funds and short-sellers attempt to close their positions, GameStop shares have continued to fall. Netflix is already planning a movie about how Redditors managed to almost bankrupt a multi-billion dollar hedge fund. The GameStop saga, which has seen an army of …
The Facebook vs. Apple cold war might get hot pretty soon if reports that Facebook is about to sue Apple over the iPhone maker’s new iOS 14 software are to be believed. A forthcoming Apple software update will make it easier for iPhone users to stop apps like Facebook from tracking them around the web. …
Robinhood halted buying and trading on GameStop ($GME), AMC Entertainment ($AMC), Nokia ($NOK), and more stocks on Thursday “in light of recent volatility.” Many users were upset with Robinhood’s decision and have decided to switch to other apps. Below are instructions for closing a Robinhood account and transferring to another brokerage. On Thursday morning, Robinhood …
Over the past few days, shares of GameStop jumped by more than 1,000%. The rise can be traced back to the subreddit r/wallstreetbets, which encouraged everyone to purchase the stock. As GameStop’s stock rose, short-sellers were forced to cover their positions. Some hedge funds lost billions in the process. The Robinhood app and other brokerages …
Robinhood blocked all of its users from buying or trading GameStop, AMC, BlackBerry, Nokia, and other stocks on Thursday morning due to “recent volatility” in the market. Robinhood users can still close out positions on those stocks, but it’s currently impossible to buy more shares in the popular, no-fee mobile app. Members of the r/WallStreetBets …
The GameStop stock price is still at a record high following an army of organized Redditors deciding to take advantage of short-sell activity around the company’s stock to drive up the price and beat Wall Street at its own game. Because of all this, GameStop’s market value exploded from $2 billion to more than $24 …
The price of many Netflix accounts in the US is in the process of increasing, with a previously announced hike getting underway and being communicated to users. In most cases in the US, the price of Netflix accounts will be increased by $1 or $2, while some newer users won’t see a change at all. …
