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“#GameStop CEO George Sherman to step down, lifting the retailer’s stock” GameStop shares shot up on Monday after the company announced plans to search for a new chief executive officer to help accelerate the company’s transformation into a digital retailer. GameStop CEO George Sherman will step down on July 31 or sooner depending on the…
“# Dogecoin, CryptoCurrency Reddit communities surge as crypto euphoria heats up ” With much of the market fixated on Bitcoin’s (BTC) sudden price correction over the weekend, retail interest in digital assets appears to be on the rise, according to the latest statistics from Reddit. The r/dogecoin community added 145,859 weekly subscribers, according to Subreddit…
“# r/Wallstreetbets re-bans crypto discussions following Bloomberg article ” r/Wallstreetbets, or WSB, a subreddit famous for organizing a pump for Dogecoin (DOGE) and the GameStop short squeeze, is enacting a crypto discussion ban after officially allowing the topic for a single day. Subreddit moderator u/bawse1 announced Thursday that WSB has now banned crypto discussions forever, following…
“# Did Elon Musk’s ‘jet fuel’ set GameStop (and Bitcoin) ablaze? ” Depending on where you stand on the GameStop saga, which saw organized retail traders extract $6 billion from Wall Street overnight, you may think someone should either take the matches away from Elon Musk, or give him more. The CEO and “Technoking” of…
“#Robinhood sues Massachusetts over regulatory clampdown” Online brokerage Robinhood on Thursday sued to invalidate Massachusetts’ recently-adopted fiduciary rule and block state regulators from proceeding with charges it encourages inexperienced investors to place risky trades without limits. Robinhood in a lawsuit filed in state court in Boston said the fiduciary standard of conduct for broker-dealers that…
“# Watch out as r/Wallstreetbets finally allows crypto threads… within limits ” The moderators of subreddit r/wallstreetbets have announced they will allow crypto discussion in the subreddit from today. The retail trading group, famous for pumping traditional stocks such as Gamestop (GME) and scaring hedge fund managers out of their shorts — which is soon…
“#Jordan Belfort has investing advice for the Reddit crowd” Jordan Belfort, the infamous stockbroker who inspired the hit 2013 film “The Wolf of Wall Street,” is hosting a new documentary for the Discovery+ streaming service about the wild rise and fall of GameStop’s stock. Discovery took notice when Belfort weighed in as the GameStop saga unfolded,…
“# Reddit reminisces defunct ‘Bitcoin faucet’ website that gave away 19,700 BTC for free ” Reddit’s r/Cryptocurrency community revived an interesting piece of Bitcoin (BTC) history on Sunday, with a new thread reminiscing about the time that American software developer Gavin Andresen gave away 19,700 BTC. A thread started by “uGroundbreakingLack78” took the Reddit community…
“#GameStop stock jumps after plans to make Ryan Cohen chairman” GameStop announced plans Thursday to make activist investor Ryan Cohen its chairman, a move that drew praise from Reddit traders and boosted its stock price. The Texas-based video-game retailer said its board of directors would elect Cohen — the Chewy.com founder who took a stake…
“#GameStop stock plunges as retailer plans $1B share sale” GameStop’s stock price tumbled Monday as Reddit’s favorite retailer announced plans to sell up to $1 billion worth of shares while touting increased sales. The beloved meme stock plunged nearly 11 percent to $170.56 in early trading after it revealed the planned share sale, which will…