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“#’Wolf of Wall Street’ Jordan Belfort rallies behind Reddit uprising” He’s the Wolf of WallStreetBets. Infamous stock broker Jordan Belfort threw his support behind the Reddit-fueled revolution in America’s financial markets, saying it would bring about “radical change.” “I believe this is a paradigm shift right now,” Belfort — the inspiration for the hit film…
“# Mark Cuban talks Bitcoin HODLers and blockchain stocks in recent AMA ” Jumping on the r/Wallstreetbets subreddit for an Ask Me Anything session recently, Dallas Mavericks owner Mark Cuban shared his thoughts on GameStop shorts, general investing, and various crypto-related topics. The billionaire said “the game is changing” when it comes to stocks, but…
“#GameStop stock plunges for second straight day” GameStop’s stock price dropped sharply for a second straight day on Tuesday in a sign that the retailer’s Reddit-fueled rally is losing steam. The Texas-based video-game chain’s shares plunged more than 32 percent to $152.40 in premarket trading as of 7:20 a.m. on the heels of a nearly…
“# Robinhood reportedly shelves IPO plans in wake of GameStop PR disaster ” Trading app Robinhood may have put its plans for an initial public offering on hold after public opinion turned against the company in the wake of its response to the short squeeze on GameStop (GME). According to Fox Business Network’s Charles Gasparino,…
“#Reddit’s ‘epic’ silver squeeze is only helping Wall Street” Finally, a “Reddit rally” Wall Street can get behind. The merry band of day traders behind runaway stocks like GameStop piled into silver on Monday in an effort to squeeze Wall Street. But metals market experts say the resulting rally is more likely helping, rather than…
“#Social security will fail and other commentary” Fiscal watch: Social Security Will Fail At The Washington Post, Mitch Daniels admits defeat: All efforts to stop Social Security and Medicare from collapsing are futile, as “our political process is not capable of the kind of decisions that are necessary. The temptation to savage anyone proposing safety-net…
“# Reddit rage as XRP price crashes 50% hours after hitting two-week highs ” XRP, the number four cryptocurrency by market cap, crashed nearly 50% in under two hours on Feb. 1 as a trading frenzy backfired on new investors. XRP/USD 1-hour candle chart (Bitstamp). Source: TradingView XRP traders nurse 48% losses Data from Cointelegraph…
“#Price of silver surges as Reddit traders find new target” Silver surged to its highest price in years on Monday as it became the latest target for a brigade of day-traders on Reddit. The precious metal was recently trading up about 9 percent at about $29.40 an ounce after rising above $30 for the first…
“# Wallstreetbets and GameStop saga set for Hollywood treatment in new film ” The r/Wallstreetbets saga which saw a group of Redditors join forces to extract billions from Wall Street hedge funds is set to be turned into a movie. As reported by Deadline on Jan. 31, a newly proposed book by The Social Network…
“# Elon Musk, Bitcoin and the Reddit raiders: 6 things to watch for BTC price this week ” Bitcoin (BTC) starts a new week with $30,000 intact and a message of support from the world’s richest man — what can we expect next? As trading resumes around the world, the largest cryptocurrency is still lacking…