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“# Robinhood’s crypto business explodes in the first quarter despite GameStop controversy ” Robinhood, a popular trading app targeting millennials and other inexperienced investors, has become a major hub for cryptocurrencies, offering further evidence that digital assets are garnering mainstream appeal. The company reported Thursday that 9.5 million users traded digital assets on its platform…
“# GME drops 14% as GameStop announces plans to sell up to 3.5M shares ” GameStop Corporation, an American gaming and consumer electronics retailer, has announced its plans to sell up to 3.5 million GME shares following the stock’s massive and controversial rally. The firm announced Monday that it has filed a prospectus supplement with…
“#Ice Cube claims Robinhood of used photo for ‘retribution’” Ice Cube has a message for Robinhood: “Check Yo Self.” The rapper-turned-actor filed a scorched-earth lawsuit this week accusing the stock-trading app of tarnishing his reputation in an act of “transparent retribution.” Robinhood incited Ice Cube’s rage by using what appears to be a photo from…
“#Investors seek Bitcoin haven amid weakening dollar worries” Warren Buffett hates cryptocurrencies. Treasury Secretary Janet Yellen isn’t a fan and neither is Bill Gates. Ditto for scores of great economic minds who call the rise of cryptos like Bitcoin a “bubble,” and a lot worse. I have my doubts as well. I’ve seen too many…
“#Robinhood, brokerage at heart of Reddit rally, files for IPO” Robinhood Markets, the online brokerage at the heart of the historic retail trading frenzy that gripped Wall Street this year, has confidentially submitted plans to regulators for a stock market listing, people familiar with the matter said. Reuters reported in December that the online brokerage…
“# Robinhood files SEC paperwork for public offering ” Robinhood Markets Inc., a popular trading app that recently expanded its cryptocurrency business, has filed paperwork with the United States Securities and Exchange Commission, or SEC, to go public. The company confirmed Tuesday that it had confidentially submitted a draft registration statement on Form S-1 with…
“#Robinhood plans hiring spree for cryptocurrency operation” Robinhood is planning to beef up its cryptocurrency staff this year amid an explosion of interest in trading digital coins, CEO Vlad Tenev said. The popular investment app has been hiring “a ton” of new staff as it works to roll out more cryptocurrency offerings — including the…
“# Robinhood targets expanded cryptocurrency trading business ” Robinhood CEO Vlad Tenev has said the company is working towards increasing its cryptocurrency trading service. In a fireside chat posted on the broker’s YouTube account on Thursday, Tenev discussed plans to upscale its workforce and add more crypto trading pairs. Detailing the ongoing plans, the Robinhood chief…
“#Reddit’s ‘meme stock’ crowd is launching a Super PAC” The WallStreetBets crowd is angling to get into the political game. A pair of part-time stock traders has launched a Super PAC to “amplify the voice of the retail investor” as the rise of Reddit-fueled “meme stocks” like GameStop has rattled big hedge funds and caught…
“# GameStop tale exposes regulatory paternalism and DeFi’s true value ” Though seemingly coming from nowhere for many, the themes behind the Reddit-fueled r/Wallstreetbets pump of GameStop feel familiar. Watching it unfold, I tried to figure out just why it had captured my interest to such a degree, and, to me, it was a spillover into the…