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“#GOP protesters ‘Re-Occupy Wall Street’ over GameStop mess” Dozens of members of the New York Young Republicans Club jumped on the anti-Wall Street bandwagon Sunday, gathering in Manhattan’s Zuccotti Park to blast the hedge-fund managers targeting GameStop. The “Re-Occupy Wall Street” protesters ripped the big-money investors as “despicable” for moving to stop last week’s “little…
“#White House will examine GameStop stock trading” President Biden’s top economic adviser said the administration will take a look at the legal questions surrounding the roller-coaster ride GameStop took last week as small-dollar traders squared off against well-heeled hedge fund managers, sending its stock soaring to astronomical levels. “I could tell you the SEC is…
“#Potential regulations on hedge funds over GameStop frenzy is not prudent” New counterproductive regs on hedgies? There will undoubtedly be a regulatory response to the insanity surrounding GameStop and a few other one-time penny stocks. And it’s easy to see why: Only a few weeks ago shares of GameStop, along with Blackberry and AMC theaters,…
“#Redditors buy Times Square billboard as GameStop stock saga rages” Defiant amateur investors on Reddit say they are not backing down on their investments in GameStop — and even took out billboards in Times Square and across the country urging the faithful to continue holding the line. “$GME GO BRRR,” blared a digital ad on…
“#Mets’ Steve Cohen explains Twitter exit amid GameStop saga” Steve Cohen said that “personal threats” his family received over the GameStop saga forced him to flee Twitter for now. The new Mets owner in a statement Saturday explained why his Twitter account, which had showcased a little-known playful side of the hedge-fund magnate as he engaged…
“#Robinhood posts help wanted ad for lobbyist” Good news, job seekers! One of the most vilified companies in America at the moment is hiring a lobbyist. Trading app Robinhood posted a listing for a manager of federal affairs position to a variety of job sites on Friday, giving some lucky applicant a chance to promote…
“#Elizabeth Warren enters GameStop discourse with letter to SEC” Sen. Elizabeth Warren on Friday asked the Securities and Exchange Commission to investigate the recent boost in GameStop stock price that was driven by calls for ordinary people to punish hedge funds. The Massachusetts Democrat raised the possibility that the stock rally, described as a populist…
“#Small investors flee Robinhood in wake of GameStop restrictions” Some of Robinhood’s customers are jumping ship in light of the trading app’s controversial decision to ban buying in runaway stocks like GameStop. Even as the app eases restrictions on 16 popular stocks, users say they feel too betrayed to stick with the service, which made…
“#Traders suing Robinhood will likely struggle in court: report” The retail rebellion claimed victory on the trading floor — but it may be doomed for defeat in the courtroom. The infuriated investors who sued Robinhood for freezing trading on GameStop and other stocks will likely struggle to win their cases because brokerages have broad latitude…
“#GameStop stock insanity: Here’s everything we know” The Reddit-fueled GameStop insanity was far from Game Over on Friday — as the retailer’s stock price resumed its market rollercoaster ride, the mastermind behind the Wall Street attack spoke publicly and one of the czars of short selling admitted defeat at the hands of the mob. The…