Federal and State Regulators Probe Robinhood Over Meme Stock Trading Restrictions

U.S. regulators are investigating Robinhood after it temporarily blocked users from purchasing so-called meme stocks on its stock trading app amid the Reddit-fueled short squeeze earlier this year.Read more...
Tags: Science, Nokia, Amc, Reddit, Internet Culture, Robinhood, Gamestop, Financial Markets, Short Selling, The Financial Industry Regulatory Authority, US Securities and Exchange Commission, Financial Industry Regulatory Authority, Business Finance, Rwallstreetbets, Gamestop Short Squeeze, New York Attorney Generals Office

Bots Reportedly Helped Fuel GameStonks Hype on Facebook, Twitter, and Other Platforms

The s0-called GameStonks saga had some help from automated bots hyping up “meme” stocks on Facebook, Instagram, Twitter, and YouTube, according to an analysis by the cybersecurity firm PiiQ Media reviewed by Reuters.Read more...
Tags: Science, Nokia, Social Media, Software, Computing, Reddit, Share Trading, Gamestop, Steve Huffman, World Wide Web, Reuters, Short Selling, Facebook Twitter, Facebook Instagram Twitter, Business Finance, AMC Entertainment

Barclay's Analysts Bet Tesla Stock Is Being Propped Up By r/WallStreetBets

Tesla might be the beneficiary of the GameStonks effect, at least according to analysts for the British bank and investment firm Barclay’s.Read more...
Tags: Science, Cars, Tesla, Stock Market, Robinhood, Share Trading, Gamestop, Financial Markets, Short Selling, Barclay, Business Finance, Keith Gill, In Video Gaming, Rwallstreetbets, Gamestop Short Squeeze, Internet Based Activism

I Waited Five Hours for AOC to Ask the Robinhood Guy a Question, and This Is What I Got

Those of us who sat through yesterday’s five-and-a-half-hour House Committee on Financial Services hearing on the GameStop short squeeze had maybe, foolishly, hoped against hope to see some cold hard accountability. We came to hear Robinhood’s CEO explain why, at the peak of the GameStop run, the trading app shut out…Read more...
Tags: Science, Finance, Stock Market, Robinhood, Gamestop, Steve Huffman, Vlad Tenev, Financial Markets, Aoc, Short Selling, Business Finance, Melvin Capital, Vladimir Tenev, House Committee on Financial Services, Tenev, Rwallstreetbets

YouTube, Reddit User 'Roaring Kitty' Gets Sued for Securities Fraud Over GameStop Short Squeeze

Keith Gill, also known as “Roaring Kitty” on Twitter/YouTube and “DeepFuckingValue” on Reddit, is facing a proposed class action lawsuit for his role in the massive GameStop short squeeze orchestrated by Reddit’s r/WallStreetBets board, Bloomberg reported on Wednesday.Read more...
Tags: Science, Finance, Bloomberg, Reddit, Stock Market, Robinhood, Gamestop, Financial Markets, Short Selling, Short Squeeze, Business Finance, Vladimir Tenev, Keith Gill, Rwallstreetbets, Gamestop Short Squeeze, DeepFuckingValue

Bitcoin Hit All-Time High at Over $50,000, Leaving Us in Dire Need of Sound Financial Advice

Bitcoin is the future, again: this morning, it hit an all-time high value of over $50,000. Is there a lesson in here? Are Elon Musk’s tweets a good investment strategy? Should we get in on this? We have yet to learn. Or maybe we learn nothing, and the notoriously volatile currency will level out, unlike when some lost…Read more...
Tags: Elon Musk, Science, Money, Bitcoin, Currency, Doge, Cryptocurrencies, Digital Currencies, Dogecoin, Business Finance, Payment Systems, Gamestop Short Squeeze, Drafthex, Economics Of Bitcoin

CEOs of Robinhood and Reddit to Testify in Federal GameStop Hearing

The House Financial Services Committee will hold a virtual hearing on Feb. 18 as part of its investigation into the coordinated effort by Reddit’s stock-trading community to drive up the price of GameStop stocks as a big middle finger to hedge fund managers. Read more...
Tags: Science, Finance, Reddit, Stock Market, Robinhood, Share Trading, Gamestop, Financial Markets, Short Selling, House Financial Services Committee, Business Finance, Vladimir Tenev, In Video Gaming, Rwallstreetbets, Gamestop Short Squeeze, Internet Based Activism

News Post: Sorcelations

Tycho: I think I actually do understand what is happening with Gamestop, Short Squeeze, this type of stuff, but it's spreading into contexts like AMC with very different dynamics. There are so many metaphors out there in the marketplace, and they're all a little different, and all a little wrong, so generally you just believe whatever you believed before. I resent, in some ways, being made to understand it. It reminds me of a craps table, where most people just play the line bet or oc...
Tags: Comics, Amc, Tycho, Gamestop Short Squeeze