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“#GameStop shares explode as Robinhood lifts restrictions” The Reddit rally is back. GameStop’s stock price exploded once again Friday after the Robinhood app eased restrictions on trading that outraged rookie investors. The video-game retailer’s shares surged 101 percent in premarket trading to $389.50 as of 6:27 a.m. as traders on Reddit’s “WallStreetBets” forum continued to…
“# Google reportedly scraps thousands of negative Robinhood reviews ” Google has reportedly deleted thousands of negative reviews of Robinhood on the Google Play Store after the platform suspended trading of several skyrocketing stocks like GameStop, multiple sources claim. Financial analyst Mr. Whale reported on Jan. 28 that Google removed as many as 120,000 negative reviews…
“#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…
“# Altcoins soar after 10% Bitcoin price breakout flips $33K back to support ” Bitcoin (BTC) price appears to have flipped the $32,000 level back to support as the wider cryptocurrency market saw renewed optimism on Jan. 28. Data from Cointelegraph Markets and TradingView shows that BTC has steadily climbed higher in price from $31,000…
“#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….
“# Financial ties between Robinhood and funds shorting GME fall under scrutiny ” The connections between trading app Robinhood, Citadel hedge fund, Melvin Capital, and GameStop are becoming clearer as the Internet burns with outrage over allegations of market manipulation. Melvin Capital was one of the biggest players short-selling GameStop stock, or GME. When a…
“#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….
“# SBI Holdings and SMFG to launch digital securities exchange in 2022 ” Japanese finance giaSBI Holdings is building a digital stock exchange in collaboration with Sumitomo Mitsui Financial Group, or SMFG. According to a Jan. 28 Nikkei report, the new digital securities exchange is expected to be the first Japanese exchange trading digital stocks…
“# GameStop short squeeze highlights the power of decentralization ” The success of the GameStop short squeeze in pumping the price above $370— and the reaction from centralized authorities and markets to it — has highlighted the need for decentralized finance, according to some in the crypto industry. The stock, which was trading at less…