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GameStop Stock Wall Street

The Reddit-GameStop saga didn’t hurt Wall Street as much as you think

February 9th, 2021

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 …

GameStop Reddit

The GameStop saga exposed Wall Street’s dirty little secret

February 4th, 2021

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 …

GameStop Stock

Is the GameStop dream dead? Shares plummet nearly 75% in two days

February 2nd, 2021

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 …

Facebook vs Apple

Facebook is about to take its war with Apple to a whole new level

January 28th, 2021

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. …

How to close Robinhood account

How to close your Robinhood account and switch to a new trading app

January 28th, 2021

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 …

Robinhood Gamestop Stock

AOC and Ted Cruz finally agree on something: Robinhood should be investigated for blocking GameStop trades

January 28th, 2021

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 blocks GameStop

Robinhood blocks GameStop, AMC, and more stocks from being purchased

January 28th, 2021

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 …