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“# 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…
“#GameStop trading craze lifts shares of mining firm with same ticker” A tiny West Australian mining company has been caught up in the GameStop investing craze — thanks to a ticker symbol that matches that of the video game retailer. GME Resources, which trades on the Australian equities trading platform (ASX) under ticker symbol GME,…
“# Robinhood suspends buying for GameStop following stonks going ‘to the moon’ ” Reports are coming in this morning that trading app Robinhood has suspended trading for GameStop stock and others after GME’s price surged in a Bitcoin-like parabolic rally. Unless you’ve been living under a rock, you’ll know that average Redditors proved their investing…
“# 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…
“#GameStop up another 134% as officials raise possibility of foul play” The “Reddit rally” continued full steam ahead on Wednesday as officials began to question whether they are dealing with a populist market insurrection or something more sinister. Shares GameStop and AMC Entertainment posted one-day gains of 134 percent and 301 percent respectively — just…
“#White House monitoring GameStop stock explosion” The feds are keeping an eye on GameStop’s exploding stock price, White House press secretary Jen Psaki said Wednesday. Treasury Secretary Janet Yellen and other economic officials in the Biden administration are “monitoring the situation” with GameStop and other stocks that have been pumped up by rookie investors online,…
“#Why GameStop is surging and what it means for the stock market” GameStop is among a handful of previously unloved companies whose shares are spiking in recent weeks. They’re being fueled by an unruly crowd of individual investors on chat forums like Reddit. Here’s what you need to know. Why is GameStop up? GameStop was…
“#Leon Black’s $158M Jeffrey Epstein payout raises eyebrows” Leon Black’s nine-figure payout to convicted pedophile alleged sex trafficker Jeffrey Epstein has the legal world scratching its head. Black’s Apollo Global Management on Monday revealed that its billionaire CEO and co-founder paid Epstein — who committed suicide in prison in August 2019 — $158 million between…
“#Comedian seeks permit for pile of poop sculpture” If you thought “Fearless Girl” was a bad look for the Wall Street bull, wait till you see this. The latest playful addition to Arturo Di Modica’s “Charging Bull” sculpture in downtown Manhattan involves a four-foot, smiling pile of poop that creator comedian Ryan Dee hopes to make…