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“#‘Share-plunge’ GameStop traders serve valuable function” It feels wrong to hope that a company goes out of business and its stock craters to zero, which is why short sellers — the traders who make money when stocks tank — are treated with disdain in many corners of Wall Street and now increasingly in Washington. But…
“#Bill Ackman tells investors to follow him on Twitter” Billionaire Bill Ackman appears to be taking a page from Elon Musk with plans to start announcing market-moving news on Twitter. The billionaire investor’s blank check company, Pershing Square Tontine Holdings, issued a press release on Friday highlighting Ackman’s Twitter feed and saying it may be…
“#Bots hyped GameStop on major social media platforms: analysis” Bots on major social media platforms have been hyping up GameStop and other “meme” stocks, according to an analysis by Massachusetts-based cybersecurity company PiiQ Media, suggesting organized economic or foreign actors may have played a role in the Reddit-driven trading frenzy. Shares in GameStop soared last…
“#Some GameStop traders think stock will surge to $800 in one day” Some GameStop traders think the so-called meme stock will build on this week’s surprise surge — by skyrocketing to $800 in a single day. The most popular GameStop options contract on Thursday was a bet that the shares would climb to that price…
“#GameStop stock explodes for second day, Reddit cheers” GameStop’s stock price exploded again Thursday as Reddit’s army of retail traders launched a second salvo in its rebellion against Wall Street. Shares in the video-game retailer surged 101 percent to an intraday peak $184.64 after more than doubling in a wild Wednesday session, adding as much as $9.7 billion…
“#GameStop soars 100 percent as Reddit’s WallStreetBets board crashes” The mother of all meme stocks is acting up again. Shares in GameStop skyrocketed 103.9 percent on Wednesday, with almost all of that action bubbling up in the final hour of trading. The bizarre rally resulted in shares of the video-game retailer being halted with less…
“#‘Roaring Kitty’ doubles down on GameStop shares, stock pops” The kitty is still roaring, so GameStop is soaring. Shares in the video game retailer shot up as much as 20 percent on Monday after social media influencer Keith Gill — who goes by the name of “Roaring Kitty” on YouTube and “DeepF***ingValue” on Reddit —…
“#Ken Griffin blasts ‘insane conspiracy theory’ that he helped tank ‘Reddit Rally’” Ken Griffin brushed off accusations that his massive hedge fund Citadel Investments had a hand in spoiling the “Reddit Rally,” calling it an “insane conspiracy theory.” Fresh off his Thursday testimony on Capitol Hill on last month’s surprise surge in shares of GameStop…
“#Robinhood and Citadel come under fire during Reddit Rally hearing” The Reddit Rally saga made its way to Capitol Hill on Thursday with key players like billionaire Ken Griffin getting reamed out by lawmakers probing whether small investors are given a fair shake in investing. “You are doing a great job of wasting my time,”…
“#Melvin Capital’s Gabe Plotkin was target of anti-Semitism” The head of the hedge fund at the center of last month’s GameStop frenzy says Redditors targeted him with anti-Semitic insults and text messages. Melvin Capital founder Gabe Plotkin made the disturbing claim in prepared testimony he plans to deliver at Thursday’s House Financial Services Committee hearing…