It’s a day to forget for Deliveroo, one of the hottest IPOs of 2021. Read More
Tag: Robinhood
‘HOLDING TO THE MOON’: Yes, the GameStop bulls are back
Hold on to your hat. GameStop and other Reddit favorites are surging pre-market. Read More
Did memestonks destroy Robinhood’s IPO chances?
The upstart broker that made trading easy got blasted at a Congressional hearing. Read More
Robinhood says Gamestop volatility was a “1 in 3.5 million” black swan
Enlarge / Ready, take aim, and let fly… (credit: Aurich Lawson / Getty Images) Robinhood’s move to temporarily limit purchases of GameStop and other highly volatile stocks in late January was the overwhelming focus of today’s House Committee on Financial Services hearing. At the hearing, Robinhood CEO Vlad Tenev said that extreme stock volatility that […]
AMA: Reddit, Robinhood and ‘Roaring Kitty’ to face a grilling today for the GameStop ‘stonk’ frenzy
U.S. futures are stuck in the red ahead of today’s big hearing in Washington. Read More
Elon Musk is never boring
In a perfect world, or at least one where “fate loves irony,” as Elon Musk mused philosophically last night on Clubhouse, Fortune’s annual survey seeking to crown the most underrated and most overrated CEOs would find the Tesla and SpaceX leader atop both lists. That would probably be how I would vote, given my defense […]
Robinhood’s plan to “democratize finance” hit a GameStop-shaped speed bump
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, too, has interest in retail trading apps like Robinhood. That app, launched in 2013 with a promise to “democratize finance for all,” offers so-called retail […]
Why The GameStop Stock Craziness Is So F**ked Up, It Has AOC & Ted Cruz AGREEING!
If you’ve been on the Internet at all the past 24 hours, you probably haven’t been able to avoid the buzz about GameStop stock. But… you know… what the serious eff is going on?! Reddit users bankrupting a huge hedge fund by buying stock in a failing video game store? How and why and huh?? Related: […]
Mark Cuban finds it hilarious that financial giants are taking an L to Reddit
Mark Cuban, owner of the Dallas Mavericks, has big money. According to Forbes’ real-time billionaires tracker (which is just so gross), he’s worth $4.2 billion. I feel like it deserves to be written with the zeroes for perspective. That’s $4,200,000,000. Cuban, however, is on the side of the little guy. Read more…
Robinhood agrees to pay $65 million Payoff after SEC Asserts about trading
Robinhood Markets has consented to pay $65 million to settle Securities and Exchange Commission allegations that the agent didn’t correctly notify clients that it offered their inventory orders to midsize dealers and other financial companies. Robinhood, famous for its favorite smart-phone program that provides commission-free trading, also consented to get an external advisor monitor its […]