GameStop Short Squeeze Explained. Watch a naked Margot Robbie in the bathtub explain short-selling in 'The Big Short' to get the GameStop stock-Reddit-Robinhood drama. Gamestop, Reddit, Robinhood and Wall Street “Stock Market Saga” explained. It is no surprise then that many Reddit users were using Robinhood to buy and sell GameStop shares as part of the Big Long. WHY IT BLEW UP. Jan 29: Robinhood begins easing trading restrictions on stocks caught up in the so-called Reddit rally. If it … 0. If you’ve been online this week, you know that a group of Reddit users turned amateur traders coordinated on social media to explode the share prices of low-valued companies, losing billions for hedge funds who were profiting off betting against them. Although it had been building for a while, the rally really took off on Monday, … Explanatory brochure available upon request or at www.sipc.org. 0. by Tech Gist Africa. But a lot of action has been happening with Robinhood, Reddit, GameStop, Patriots and big hedge fund managers. On social media platform Reddit, many users from the Reddit thread r/wallstreetbets began posting their investments in a retail gaming chain, Gamestop. Some Reddit and former Robinhood users appear to be abandoning ship for other apps. in Apps, Games, News, Op-Eds, Reviews, Social media, Specials, The Big 5, World News. Robinhood is a free-trading app that's ideal for investors who want to trade stocks, options, exchange-traded funds and cryptocurrency without paying commissions or fees. The service is innovative, cutting out nearly all costs that are typically associated with investing. One natural conclusion to draw from it might be, well, maybe a lot of the move in GameStop’s price was not caused by retail traders on Robinhood and Reddit… Robinhood Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Some people say the GameStop saga is analogous to DVD rental company Blockbuster slowly going bust after Netflix launched. Late Sunday evening, Musk and Tenev convened on the invite-only voice chat app … GameStop, Robinhood And Reddit Are A Lethal Combination, And It's Probably Going To Get Worse Robinhood traders fueled by Reddit message boards … One natural conclusion to draw from it might be, well, maybe a lot of the move in GameStop’s price was not caused by retail traders on Robinhood and Reddit… Update: 3 class action lawsuits have been filed against Robinhood, so far. The Morning After: Robinhood, Reddit and Gamestop ... As noted and explained well here, by the end of yesterday, it had reached $364.15. Cryptocurrency trading is offered through an account with Robinhood Crypto. The Battle of GameStop, the stampede of the meme stocks, and the rage against Robinhood were as transfixing as the bursting of the dot-com … These fees presented a barrier to entry to many retail investors, who are regular people who are trading stocks —largely thanks to apps like Robinhood. GameStop, other stocks targeted by Reddit users plummet On Friday, bitcoin swelled by 10 percent. Over the last 4 months I’ve been calling out the fraud and bullshit that is Robinhood. GameStop saga (sort of) explained. Gamestop, Reddit, Robinhood and Wall Street “Stock Market Saga” explained. The future of investing now has new questions, but few answers. Shares of the video game retailer spiked after traders on Reddit … Amid the restless rising in the first three days, |Citron… Robinhood is a mobile trading platform popular with small investors as it is low-free in comparison with other trading platforms. Robinhood also faces an uncertain future after this week: GameStop’s stock continues to spike today, with shares jumping an additional 70% early today. From Robinhood, a company that claims to be “democratizing finance,” the decision to halt trading in GameStop smacks of hypocrisy. Robinhood, rather, is an American app that allows users to trade stocks commission-free. Late night TV is here to explain. The same video I posted in this sub I posted to Twitter ever single time Robinhood posted bullshit about how wallets were coming from Dogecoin, how they added customer service (just for options traders) and about all of the liquidity issues that they had between January 25th through January 29th. If you're confused about what's been going on with stock-market news lately, especially that tied to GameStop, I tried to explain it as simple as possible. Robinhood and other major trading platforms on Thursday restricted trading of GameStop and other popular stocks that have skyrocketed this week … Robinhood, briefly explained. GameStop Stock, Reddit and Robinhood: What You Need to Know How traders online drove the videogame retailer’s stock to new highs and caused a crazy week in markets . GameStop, Reddit, and Robinhood explained. Robinhood Trading App Robinhood is a mobile trading platform popular with small investors as it is low-free in comparison with other trading platforms. The same video I posted in this sub I posted to Twitter ever single time Robinhood posted bullshit about how wallets were coming from Dogecoin, how they added customer service (just for options traders) and about all of the liquidity issues that they had between January 25th through January 29th. The individuals who provided testimony before the Committee were: Vlad Tenev, the co-founder and CEO of Robinhood … An investment story has been doing frantic rounds on social media, leaving a lot of people very confused as they get whiplash trying to follow heated exchanges that include GameStop, one subreddit and a Robinhood. On the morning of January 28th, 2021, Robinhood froze the ability for retail investors to buy GameStop, AMC, KOSS and other securities due to the volatility of the market. Robinhood Crypto is not a member of FINRA or SIPC. It is no surprise then that many Reddit users were using Robinhood to buy and sell GameStop shares as part of the Big Long. ) Day traders on Reddit, via the no-fee brokerage app Robinhood, have been running up the price of GameStop stock—and other companies like troubled movie … This illustration photo shows a person checking the GameStop stock on a smartphone on February 17, 2021 in Los Angeles as the Reddit, Citadel, Robinhood and … In this video I talk about the latest news involving GameStop stocks, short selling, Reddit - WallStreetBets, Robinhood and MORE! A GameStop store in Hollywood. But on Friday, Robinhood suddenly banned users from buying GameStop shares. Robinhood Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Robinhood limited the ability of traders using its app to buy the call options, for example. Post author By John Svoboda; Post date February 4, 2021; No Comments on GameStop, Reddit, and Robinhood explained; Editors Note: As is sometimes the case, the underlying drivers do not get solid coverage as the media themselves don’t really “get” what is going on. Robinhood… Cryptocurrency trading is offered through an account with Robinhood Crypto. Shockingly, their investments… by Tech Gist Africa. GameStop frenzy explained: How small investors on Reddit took on Wall Street ... and popular trading app Robinhood appears to be doing something … 11th Hour GameStop, Reddit, and Robinhood: Wall Street chaos explained Veteran tech journalist and New York Times Opinion Podcast host Kara Swisher joins to explain … They also spotted flaws in some of the hedge fund's investment strategies. GameStop’s rise has nothing to do with market fundamentals, but manipulation will be hard to prove. On Thursday the House Financial Services Committee held a hearing to grill several CEO’s that were involved in the GameStop trading scandal late last month. The Robinhood-GameStop stock market mania has taken Wall Street by storm and drawn backlash from elected leaders on both all sides of the political … GameStop Stock Explained: Robinhood, Short Squeezes, And Reddit After years of poor performance, GameStop's stock has surged to record highs … Traders on Reddit had banded together on the subreddit r/wallstreetbets and ignited the stock of ailing video game retailer GameStop to an 800% surge. GameStop Stock Price Explained: The Big Squeeze The /r/WallStreetBets Reddit forum is currently 4.7 million members strong at the time of writing, up from 1.8 million on January 18, according to internet archive WayBackMachine . The chief executives of Reddit, Robinhood, Citadel and Melvin Capital, along with the Reddit poster who spearheaded the GameStop buying frenzy, were all in … Due to this recent continuous spike, Robinhood initially prevented traders from buying more short positions of these short-squeezed stocks on Thursday. The retail investors on Reddit who caused GameStop’s stock to skyrocket in January made their investment decisions based on publicly available and correct information, Pierce explained. Robinhood CEO Vlad Tenev said the investing app could have more clearly explained why it had to block trades of GameStop and other stocks during last month’s Reddit-fueled market frenzy. Robinhood CEO Vlad Tenev said the online brokerage company is working on a crypto wallet feature "as fast as possible", he revealed in a 'fireside chat' posted on YouTube yesterday. 02/03/2021. Since Robinhood banned folks from AMC and GameStop, they’ve gotten over 100,000 new 1-star reviews, … There was a lot to unpack in the deluge of news this week about GameStop, the stock market, Reddit groups, trading apps and hedge funds. 0. The Jewish angles to the GameStop stock saga, explained ... Investors have used the Robinhood app to give the video game company GameStop a boost. ET GameStop Stock Price Explained: The Big Squeeze The /r/WallStreetBets Reddit forum is currently 4.7 million members strong at the time of writing, up from 1.8 million on January 18, according to internet archive WayBackMachine . Dogecoin, a meme-turned-cryptocurrency, has risen more than 100 percent. Gamestop Reddit Robinhood Wallstreet Tech … Short selling, GameStop and the effect on your 401K explained Reddit users rallied together to purchase shares of the company and drove the price up … “In light of recent volatility, we are restricting transactions for certain … by Tech Gist Africa. Robinhood found itself in a difficult position during the Reddit-fueled investing boom in GameStop, AMC and several other heavily shorted stocks. The stock got its big kick when Reddit's r/wallstreetbets community — now with more than 4 million members — fawned over a Nov. 16 letter from Cohen to the GameStop board he would later join. Gamestop, Reddit, Robinhood and Wall Street “Stock Market Saga” explained. The rapper blasted Robinhood … Mike Maloney is the precious metals advisor to the author of Rich Dad, Poor Dad, Robert Kiyosaki. Press Release Reddit Penny Stocks Pop As GameStop Hearing Begins, 3 To Watch Published: Feb. 24, 2021 at 4:12 p.m. The app is targeted to younger people and specialises in low-cost trading - the perfect platform for amateur investors. But in general the popularization of … January 29, 2021. Robinhood, briefly explained. Even before the pandemic, GameStop was struggling to compete with a digital video game economy that’s made it easier than ever to download or stream a game without needing to buy a physical copy. The Reddit community looked at GameStop’s stock and thought the company was undervalued. Mike Maloney made a video yesterday to explain more and share some interesting opportunities it creates. Robinhood, and its role in the GameStop saga, explained ... Robinhood got millions of people into stock trading. By Jan. 22, it closed at $65. The latest GameStop news, explained We explain Robinhood’s decision to restrict trading and why the narrative of “Reddit vs. The Battle of GameStop, the stampede of the meme stocks, and the rage against Robinhood were as transfixing as the bursting of the dot-com … Gamestop Reddit Robinhood Wallstreet Tech … Wall Street & GameStop Over the past two days, global investors have witnessed history again! Robinhood prohibited its users from buying shares in GameStop Thursday morning, as Reddit users propelled shares in the video game retailer above $440. Hedge funds who bet against the company have lost almost $20 billion. GameStop stock … 0 0. Reddit, TikTok, and Twitter are also spurring the trading trend and getting people into finance. Robinhood, the trading app popular with young investors, could have better explained why it restricted the buying of heavily shorted stocks caught up in the social media-fueled trading frenzy around GameStop Corp, said the company's chief executive officer. Vlad Tenev is the cofounder and co-CEO of Robinhood, a stock-trading app. It's hard getting funding for a startup, but it's even harder when the product doesn't exist yet, still requires regulatory approval, and is being launched during a recession. Interview by Luke Savage. To Reddit’s investor class, the fact that profit came at the expense of overly ambitious hedge fund managers was no small part of the appeal in buying up GameStop shares and only accelerated the viral stock’s sharp rise in demand. Reddit & Robinhood Fuel The Mania! Robinhood however has been forced to postpone its IPO in the wake of a retail investor backlash. No. Robinhood is a legit stock and cryptocurrency trading app that can let people invest basically for no startup cost on their part (outside of a little bit of effort generating referrals). GameStop's crazy stock story explained It's David vs. Goliath on Wall Street, and David kicked Goliath's butt. Based on Reddit, many of them are choosing the Chinese-owned Webull, which has already been growing fast in the U.S. The Wall Street crew is furious over the masses at Robinhood and Reddit ruining their games with their mass buying of GameStop, which wiped out the short position of a big hedge fund. As the pandemic arrived, the company’s fate appeared to take a turn for the worse. Lawyer Adam Adler breaks down what happened with Reddit, GameStop stock, hedge fund short sellers, Robinhood, retail investors. Robinhood blocks purchase of GameStop, AMC, and BlackBerry stock Discord has turned into a virtual trade floor with memes, stocks, and chaos … The volatility of GameStop trading led [Robinhood’s] clearinghouse to increase deposit requirements tenfold, and Robinhood blocked trading of GameStop stock while it … If you’ve been online this week, you know that a group of Reddit users turned amateur traders coordinated on social media to explode the share prices of low-valued companies, losing billions for hedge funds who were profiting off betting against them. Hey all! The stock price of GameStop had surged 1700 per cent in recent weeks after a Reddit group backed it strongly. The GameStop trade briefly conquered the world by taking advantage of two things the … Popular investing app Robinhood became the focus of the controversy after it decided to freeze trades for GameStop on Jan. 28. in Apps, Games, News, Op-Eds, Reviews, Social media, Specials, The Big 5, World News. GameStop stock increased 1,600 percent in January. Reddit and Robinhood users have been caught in a firestorm over GameStop stock after shares in the downtrodden company rocketed from $20 to $400 in just two weeks. ... Robinhood, GameStop and Wall Street's rigged game ... explained anchor and professional hedge fund … A bunch of guys on Reddit decided to fight back. On February 18, 2021, the House Financial Services Committee held a virtual hearing to examine the recent market volatility involving GameStop Corp. and other "meme" stocks that have been prone to high volatility due to, among other things, comments on social media. The reason why Robinhood and other brokers stopped allowing trades wasn’t some conspiracy […] What’s new here is the presence of Reddit and Robinhood. Carlos Slawson. Robinhood in the hot seat A House committee with more than 50 members held a hearing about GameStop and the meme-stock mania for five hours, featuring six witnesses. Late night TV is here to explain. Keith Patrick Gill, known on YouTube and Twitter as Roaring Kitty, released his opening statement ahead of testimony before the House Financial Services Committee on Wednesday about his role in the surge of GameStop's stock price.. Robinhood ignited a firestorm last month when the free trading app suspended purchases of GameStop , AMC and other stocks that were sent to the moon by an army of traders on Reddit. Reddit favorite GameStop isn't looking so hot this week and some of the stock's biggest backers are freaking out. Hedge funds, Gamestop, Reddit investors explained. The story is now front-page news around the world. GameStop shares plunged sharply after Robinhood restricted trading. Robinhood Crypto is not a member of FINRA or SIPC. Gamestop Reddit Robinhood Wallstreet Tech … Robinhood CEO reveals the NSCC demanded $3BILLION security at 3am the morning before company stopped GameStop trades amid Reddit … GameStop continued to soar as the Reddit investors stayed bullish on their favorite stock. In … The retail investors on Reddit who caused GameStop’s stock to skyrocket in January made their investment decisions based on publicly available and correct information, Pierce explained. Robinhood explained … An army of novice traders had united on social media site Reddit and relentlessly bought stock and options in ailing video game retailer GameStop on trading applications such as Robinhood, … Over the last 4 months I’ve been calling out the fraud and bullshit that is Robinhood. Well, the internet takes care of its own. GameStop mania explained: How the Reddit retail trading crowd ran over Wall Street pros. May 11, 2021 May 11, 2021 by Daniel Wall. Before Robinhood, people had to pay each time they bought or sold a stock. GameStop and Reddit have taken over the financial world but many are confused about the details of the story. GameStop and Reddit have taken over the financial world but many are confused about the details of the story. Shares of GameStop have surged from $19 on December 31, 2020, to $197.84 on January 27 – a gain of nearly 1,900 per cent after small investors on Reddit forced hedge funds to … 02/03/2021. Robinhood Trading App. Before Robinhood, people had to pay each time they bought or sold a stock. ... with activity often taking place or being discussed on platforms such as Reddit and Robinhood instead of in … The video game retailer is at the center of a saga that has also drawn attention to Robinhood, the controversial stock trading app. Reddit and Robinhood users have been caught in a firestorm over GameStop stock after shares in the downtrodden company rocketed from $20 to $400 in just two weeks. GameStop is … GameStop, an American chain of brick-and-mortar video game stores, had struggled in recent years due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.As a result, GameStop's stock price declined, leading many institutional investors to short sell the stock. (No sympathy: This is the business they chose.) 0 0. New Prague Flouring Mill (of Minnesota), owned by Francis Atherton Bean of Minneapolis, purchased the mill in 1909. The company manufactured flour under the brand names Keynote, Saskana and Robin Hood. Vladimir Tenev, chief executive and co-founder of the online stock brokerage Robinhood, opened up Monday in a conversation with Tesla’s Elon Musk about Robinhood’s decision to restrict trading last week on several spiking stocks including GameStop that drew outrage from users of the trading app. Since this is a messy and volatile situation, popular stock trading app Robinhood – which has many users who own GameStop stock – has blocked users from buying more GameStop stock due to “recent volatility.” “We continuously monitor the markets and make changes where necessary,” the company wrote in a blog post. 02/03/2021. The GameStop stock frenzy, explained . Robinhood CEO Vlad Tenev denied that he colluded with hedge funds to lower the price of GameStop when the trading app was limiting GameStop trades. Gamestop, a publicly traded company, was seen as undervalued by some users of an internet forum, in this case, a reddit forum called r/wallstreetbets. These fees presented a barrier to entry to many retail investors, who are regular people who are trading stocks —largely thanks to apps like Robinhood. What happened with GameStop stock? The CEOs of Robinhood, Melvin Capital, Citadel, Reddit… The House Financial Services Committee held a hearing investigating the r/WallStreetBets GameStop short squeeze. Robinhood is an app that lets investors trade stocks without paying a fee. As individuals, they … Finance Professor, Carlos Slawson, offers some insight into the recent frenzy in the stock market. GameStop stock roars back after Robinhood lifts trading freeze The popular trading app raised $1 billion overnight from investors and tapped a $500 million credit line. In the past few days, the financial world has been buzzing about GameStop, Reddit, and a short squeeze. | Gabby Jones/Bloomberg via Getty Images ... and trading can be fun, especially on Robinhood’s gamified platform. This grudge poses a massive risk to Robinhood as retail investors could short the stocks in an attempt to exact revenge. At the center of the GameStop stock trading frenzy is Robinhood, a trading app for regular investors that says it’s out to “democratize finance.”But the growing chaos in the stock market is really testing the limits of that mission. The Morning After: Robinhood, Reddit and Gamestop Apple says there are over 1 billion active iPhones, and the r/WallStreetBets run continues. After a banner week in which renegade Reddit-based trading shot up the value of GameStop stock to nearly $470, the company’s share price now appears to be on a downward trajectory. in Apps, Games, News, Op-Eds, Reviews, Social media, Specials, The Big 5, World News. Many of the small traders loosely organized their efforts via a Reddit message board and executed their plan on the free mobile trading platform Robinhood. ... Robinhood, GameStop and Wall Street's rigged game ... explained anchor and professional hedge fund … ... As explained by Investopedia, “a … That same stock was seen as on the brink of collapse by a hedge fund management group, Melvin Capital, who decided to short sell…. Robinhood's quick growth can be best explained by its revolution in providing a simple, aesthetic app catered to attracting new, small-scale investors to the hectic world of stock trading. Reddit and Robinhood users have been caught in a firestorm over GameStop stock after shares in the downtrodden company rocketed from $20 to $400 in just two weeks. You can still sell (to institutional investors like hedge funds), but you can’t buy. Gamestop, a publicly traded company, was seen as undervalued by some users of an internet forum, in this case, a reddit forum called r/wallstreetbets. Robinhood has since relaxed restrictions on 42 different stocks, with limits remaining in place temporarily on GameStop, BlackBerry, Nokia and a handful of others. The story is now front-page news around the world. Many of the small traders loosely organized their efforts via a Reddit message board and executed their plan on the free mobile trading platform Robinhood.
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