#Robinhood sues Massachusetts over regulatory clampdown

#Robinhood sues Massachusetts over regulatory clampdown

“#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…

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#Jordan Belfort has investing advice for the Reddit crowd

#Jordan Belfort has investing advice for the Reddit crowd

“#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,…

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# Reddit reminisces defunct ‘Bitcoin faucet’ website that gave away 19,700 BTC for free

# Reddit reminisces defunct ‘Bitcoin faucet’ website that gave away 19,700 BTC for free

“# 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…

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#GameStop stock jumps after plans to make Ryan Cohen chairman

#GameStop stock jumps after plans to make Ryan Cohen chairman

“#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…

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#GameStop stock plunges as retailer plans B share sale

#GameStop stock plunges as retailer plans $1B share sale

“#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…

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# Hot DOGE nips at the heels of r/Bitcoin on Reddit

# Hot DOGE nips at the heels of r/Bitcoin on Reddit

“# Hot DOGE nips at the heels of r/Bitcoin on Reddit ” Despite Dogecoin under-performing this past week when compared to other leading crypto assets, DOGE’s community has been among the most active on Reddit. According to data compiled by Skew and tweeted by Messari researcher Mira Christanto, r/dogecoin has been the third-most active crypto…

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#GameStop shares plummet after lackluster earnings report

#GameStop shares plummet after lackluster earnings report

“#GameStop shares plummet after lackluster earnings report” GameStop’s stock price took a nosedive Wednesday as Reddit and Wall Street tried to suss out the struggling retailer’s future. Shares of the cult meme stock plummeted as much as 22 percent to $141.27 — the lowest price since March 5 — after GameStop reported lackluster holiday sales while…

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