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stock market

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 …

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 …

Facebook chooses NASDAQ for IPO

April 5th, 2012

Facebook, the world’s largest social networking website, will join the likes of Apple and Google on the NASDAQ stock exchange after its initial public offering, The New York Times reported on Thursday. The publication cites unnamed sources with its report. The social network’s shares will be listed under the “FB” ticker symbol and are expected …

Apple weighting lowered in Nasdaq-100; Microsoft, Google raised

April 5th, 2011

NASDAQ on Tuesday announced that it will adjust the weighing of several companies in the NASDAQ-100 index to better reflect their market capitalizations. The NASDAQ-100 index is comprised of the 100 biggest non-financial stocks on the NASDAQ exchange. The adjustment, which will take place on May 2nd, is the first of its kind since 1998. Apple will …

Apple stock opens down 5% on news of Steve Jobs’ medical leave

January 18th, 2011

With Steve Jobs’ medical leave from Apple, many expected the company’s stock to get hit quite a bit — and they’d be right as shares of AAPL are down around 5% as the market opens this morning. Don’t forget that Apple is reporting its Holiday quarter earnings later today, however, and the consensus is that Apple will …

SEC investigates legality of ‘channel checks’

November 24th, 2010

Some analysts could soon find themselves in hot water as the U.S. Securities and Exchange Commission has opened an investigation into the legality of “channel checks.” Channel checks refer to the practice whereby analysts contact inside sources at manufacturing companies in order to glean inside information. This information often has a tendency to move the …

Teen behind the fake Steve Jobs heart attack story

October 24th, 2008

What happens when you write a fake story that Steve Jobs had been rushed to hospital suffering a heart attack and post it on CNN’s ireport.com website? You will cause Apple’s stock to plummet and lose nearly $4.8 billion in market value before the story is debunked by Apple. You will also find yourself on …