Tag Archives: Robinhood

What happened this week with GameStop (GME), Reddit and Robinhood was shocking, unprecedented and unforeseen. Lost in the flurry though is that the craziness is very much a part of some elephant-in-the-room trends in this country. I’ll explain what I mean in a moment, but first let me give you the bare bones of the story which includes everyone from Elon Musk to Congresswoman Alexandria Ocasio-Cortez, as well as hedge fund titans and the New York Mets. Here’s the precis: Over the past… Source link

When the exponential 500% run up of GameStop’s stock this week reversed on Thursday to come crashing down after trading platforms like Robinhood blocked customers from buying shares, there was no shortage of outrage and theories as to what was behind the trading platform’s decision. One theory in particular, alleging the decision may have stemmed from outside pressure coming from hedge funds shorting GameStop’s stock, quickly gained attention from a surprising group, including Sen. Ted… Source link

Robinhood, Interactive Brokers, Webull, and others shut down the buying feature for GameStop (GME) stock Thursday, drawing bipartisan attacks from politicians as well as criticism from customers who wanted the same freedom to trade as hedge funds betting the stock would fall. The animus was especially pronounced towards Robinhood, due to its mission of “democratizing finance,” which users accused it of abandoning. According to former SEC chief economist and Tepper School of Business… Source link

Former U.S. Acting Attorney General Matt Whitaker discusses facebook shutting down a popular stock trading group. Google is helping clean up negative reviews of trading app Robinhood on Google Play after the platform came under fire for restricting some trading, reports show. Reviews on Robinhood’s app had a one-out-of-five star rating and nearly 275,000 reviews on Google Play on Thursday after the platform initially restricted trading for some securities including GameStop, Bed Bed &… Source link

After Robinhood users expressed their anger at the broker by leaving negative reviews, Google came to the rescue for Robinhood. As most people know, Robinhood is an online stock broker that advertises itself as making investing easy and widely available. On Thursday, however, the brokerage firm shut down trading on GameStop (NYSE: GME) and a few other stocks in the middle of a trading frenzy. Retail investors were executing something called a “short squeeze,” which was making them rich (at… Source link

One day after trading app Robinhood halted buying of red-hot stocks like GameStop and AMC, infuriating customers, the app turned off a key cryptocurrency buying feature on Friday. The paid feature, Instant Buying, allows customers to transfer funds from a bank account and use the funds immediately, before they have been settled. “Due to extraordinary market conditions, we’ve temporarily turned off Instant Buying power for crypto,” Robinhood said in a statement to Yahoo Finance…. Source link

The Canadian Press Brokerages limit trading in GameStop, sparking outcry Robinhood and other retail brokerages are taking steps to tamp down the speculative frenzy surrounding companies such as GameStop, but the actions only sparked more volatility in the market and an outcry from users of the platforms and some members of Congress who say small investors are being treated unfairly. GameStop stock has rocketed from below $20 earlier this month to close around $350 Wednesday as a volunteer army… Source link

TipRanks Goldman Sachs Picks 2 Electric Car Stocks to Buy (And 1 to Watch) Reducing carbon emissions is all the vogue among the green policy wonks these days, and whether you believe in the efficacy of those policies or not, one thing is undeniable: they will have an impact on your daily life. Specifically, they will impact the cars you drive – and probably your fuel and electric bills as well.It’s no secret that the Trump Administration has favored the oil and gas industry, and in fact,… Source link