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“# Reddit co-founder hoists the Bitcoin flag on Twitter amid price surge ” Reddit co-founder Alexis Ohanian has joined Twitter CEO Jack Dorsey and Tesla CEO Elon Musk in updating their Twitter bio to Bitcoin (BTC). Ohanian’s bio update seemed in response to a tweet by tech entrepreneur and former Coinbase chief technology officer Balaji…
“#Reddit co-founder Alexis Ohanian backs WallStreetBets rally” Reddit co-founder Alexis Ohanian endorsed the stock-market revolution unfolding on his website while slamming hedge-fund investors who he said use “bulls—” tactics to make their money. In a live-streamed interview with Rep. Alexandria Ocasio-Cortez, Ohanian said online traders like those in Reddit’s WallStreetBets forum have exposed the hypocrisy…
“# WallStreetBets Coin becomes #1 on CoinMarketCap… kind of ” The influence of Reddit’s r/wallstreetbets sub has apparently spread to the cryptocurrency space, after a new coin appeared at the top of CoinMarketCap’s rankings on Jan. 29. Dubbed WallStreetBets (WSB), the new coin apparently gained in excess of 130% in the past 24 hours, with…
“#Will the SEC probe the GameStop stock mania? Not so fast” The GameStop trading frenzy has morphed from an insane market story to a political one as well. Regulatory sources tell me that Wall Street’s top cop, the Securities and Exchange Commission, is eyeing a possible market manipulation case over the tremendous run-up in shares…
“#Robinhood to allow ‘limited buys’ of GameStop shares after freeze” Robinhood on Friday will again “allow limited buys” of shares in GameStop and other companies boosted by market-roiling Reddit users, according to the stock trading app’s co-founder. Vladimir Tenev tweeted the update Thursday afternoon, hours after Robinhood froze purchases of shares in the companies during…
“# DOGE tweet volume up 1800%, becomes first altcoin to surpass Bitcoin ever: The Tie ” Dogecoin (DOGE), a meme coin created as a joke, has seen a groundswell of Twitter activity in the past 24 hours after attention was thrown on the coin by the now-infamous Reddit group responsible for pumping the share price…
“#Dave Portnoy of Barstool Sports loves GameStop stock chaos” Barstool Sports founder Dave Portnoy is cheering on the Reddit-fueled GameStop chaos rocking the stock market. “I love it,” he told The Post late Wednesday, before a wild day on Wall Street Thursday caused by the GameStop affair. “All the people complaining are just the establishment….
“# Congress announces hearings on stock market in light of Robinhood v. Reddit battle ” Legislators are responding fast to the madness surrounding Gamestop and AMC shares and the hedge funds selling them short. On Jan. 28, Chairwoman of the House Financial Services Committee Maxine Waters announced a coming hearing on short-selling. Sherrod Brown, the incoming…
“#Elon Musk slams Discord for banning Reddit group amid GameStop trades” Tesla boss Elon Musk accused the group-chatting app Discord of “going corpo” after it banned a Reddit group that has sparked a massive rally in Gamestop, AMC and other previously unloved stocks. WallStreetBets, a Reddit chat room for retail investors, was purged from the…
“#Dave Portnoy rage-tweets at Robinhood over blocked stocks” Barstool Sports boss Dave Portnoy blasted Robinhood for restricting trading on GameStop, AMC and other stocks — saying he will “burn” the stock-trading app “to the ground.” Robinhood on Thursday joined Charles Schwab and TD Ameritrade in clamping down on GameStop and other shares due to volatility….