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“#Melvin Capital’s Gabe Plotkin was target of anti-Semitism” The head of the hedge fund at the center of last month’s GameStop frenzy says Redditors targeted him with anti-Semitic insults and text messages. Melvin Capital founder Gabe Plotkin made the disturbing claim in prepared testimony he plans to deliver at Thursday’s House Financial Services Committee hearing…
“# Motley Fool adding $5M in Bitcoin to its ‘10X portfolio’ — has a $500K price target ” Financial and investment advisory giant The Motley Fool has announced it will invest $5 million into Bitcoin with the expectation that it will rise to $500,000. Announced earlier today via a blog and Twitter post, the firm…
“#‘Roaring Kitty’ Keith Gill defends his GameStop posts amid lawsuit” A star Reddit trader known as “Roaring Kitty” plans to defend his bullish GameStop calls in front Congress one day after being slapped with a lawsuit for his role in the trading frenzy. The trader, whose real name is Keith Gill, is set to testify…
“#Warren Buffett reveals big stakes in Verizon, Chevron” Warren Buffett’s Berkshire Hathaway on Tuesday announced two major new investments, revealing an $8.6 billion stake in the phone company Verizon Communications and a $4.1 billion stake in oil company Chevron. The investments were disclosed in a regulatory filing detailing Berkshire’s U.S.-listed stock holdings as of Dec….
“#Robinhood’s Vlad Tenev admits GameStop communication failure” Robinhood CEO Vlad Tenev said the investing app could have more clearly explained why it had to block trades of GameStop and other stocks during last month’s Reddit-fueled market frenzy. “I think the challenge was that no doubt we could have communicated this a little bit better to…
“# $50K and BTC’s biggest weekly candle ever: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) is riding high on a wave of positive sentiment as it prepares to take on $50,000. After a volatile weekend which saw a new all-time high, expectations are putting Bitcoin back in the spotlight as a…
“#Reddit, Robinhood bosses to testify at GameStop hearing” The bosses of Robinhood, Citadel, Melvin Capital and Reddit will testify next week at a House hearing about the wild trading involving GameStop and other stocks. Citadel’s Ken Griffin, Robinhood’s Vlad Tenev, Melvin Capital Management chief Gabriel Plotkin, Reddit co-founder Steve Huffman, and Keith Gill, a Reddit user…
“#Irate Robinhood traders fling poop, damage statue at HQ: report” Some Robinhood customers think the investing app is full of crap — and they’re not afraid to show it. Irate users threw dog poop, vandalized a sculpture and held a protest at Robinhood’s Silicon Valley headquarters as the startup limited GameStop trades amid the recent…
“# $50B wiped from Tesla after BTC buy — but MasterCard and Twitter surge ” Electric car manufacturer Tesla has seen more than $55 billion wiped from its market cap since announcing the purchase of $1.5 billion in Bitcoin four days ago — but Twitter and MasterCard have headed in the other direction. Since Tesla’s…
“# Robinhood, Melvin, and Citadel execs expected to testify on GameStop before Congress ” Executives from companies involved in the recent controversy between hedge funds and retail investors from Reddit may be testifying at a House Financial Services Committee hearing next week. According to a Reuters report, two people familiar with the matter said executives…