The CEO of Robinhood has revealed that the NSCC demanded a $3 billion security at 3am in the morning during dramatic negotiations before the company stopped GameStop trades. Speaking during a virtual event hosted by Tesla CEO Elon Musk, Vladimir Tenev offered an explanation behind his company’s decision to Thursday to restrict the purchase of GameStop shares … Read more
Ten-year-old investor makes more than $3,000 on 10 GameStop shares his mother bought him for $60 as a Kwanzaa gift in 2019 Jaydyn Carr’s mother, Nina, purchased 10 shares of GameStop stock in 2019 She gave them to her son as a Kwanzaa present to teach him about investing That lesson in investing definitely paid … Read more
The staggering rally of shares in beleaguered video game retailer GameStop is minting new millionaires, and costing hedge funds billions of dollars – at least on paper. GameStop shares rose another 70 percent on Friday in a staggering rally driven by small investors on the online forum Reddit that has seen the stock surge 1,800 … Read more
The staggering rally of shares in beleaguered video game retailer GameStop is minting new millionaires, and costing hedge funds billions of dollars – at least on paper. GameStop shares rose another 70 percent on Friday in a staggering rally driven by small investors on the online forum Reddit that has seen the stock surge 1,800 … Read more
We publish our podcast every Friday to the player on This is Money, above, and on Apple Podcasts (iTunes) and on the podcast platforms Audioboom and Acast, both of which allow you to listen on desktop, mobile, or download an app. We also now publish to Spotify. To download the Apple Podcasts app if you … Read more
Game on again? Gamestop shares jump to brink of $400 in pre-market trading as Trading 212 app lifts its block on the controversial stock The shares moved back up to as high as $393 (£286) in pre-market trading Reddit-fueled meteoric rise was reversed yesterday after Robinhood blocked it UK investors can buy it again through Trading 212 … Read more
Game on again? Gamestop shares jump to brink of $400 in pre-market trading as Trading 212 app lifts its block on the controversial stock The stock moved back up to as high as $393 (£286) in pre-market trading Reddit-fueled meteoric rise was reversed yesterday after Robinhood blocked it UK investors can buy it again through Trading 212 … Read more
The CEO of trading platform Robinhood has defended his firm’s highly controversial decision to halt trading of certain stocks on Thursday, and even sell some users’ shares, insisting it was for the good of customers and the company. Vlad Tenev, a 33-year-old Bulgarian-American businessman who co-founded Robinhood in 2013, told CNBC: ‘We had to make … Read more
The CEO of trading platform Robinhood has defended his firm’s highly controversial decision to halt trading of certain stocks on Thursday, insisting it was for the good of customers and the company. Vlad Tenev, a 33-year-old Bulgarian-American businessman, co-founded Robinhood in 2013. On Thursday night he explained why his platform had infuriated users by preventing … Read more
‘Gamestonk!!’ Everything you need to know about the astonishing GameStop shares saga – and the stock market state of play in early 2021 – is wrapped up in that one nonsense tweet from the world’s probably richest man. That word tweeted by Elon Musk on Tuesday night, with a link to the Reddit thread r/wallstreetbets, … Read more