The online brokerage Robinhood has taken out a full-page ad in the New York Times saying that it is ‘humbled’ after recent controversy over its limits on buying certain stocks during the ‘meme stock’ frenzy fueled by an army of small investors on Reddit. The ad on Tuesday follows massive backlash against the popular trading … Read more
Adorable moment a mother koala carries her oversized joey as they safely cross the road A koala has been captured carrying her baby on her back as they cross the road The mother-daughter duo were seen venturing out together at Blanket Bay The video was posted to Reddit on Monday, where it was adored by … Read more
Adorable moment a mother koala carries her oversized joey as they safely cross the road A koala has been captured carrying her baby on her back as they cross the road The mother-daughter duo were seen venturing out together at Blanket Bay The video was posted to Reddit on Monday, where it was adored by … Read more
Anarchist investors fuel a silver rush: Reddit trading frenzy engulfs precious metal sending prices to their highest level since 2013 By Lucy White For The Daily Mail Published: 22:06 GMT, 1 February 2021 | Updated: 22:06 GMT, 1 February 2021 The price of silver soared after it caught the attention of traders swapping ideas on … Read more
The raw delight with which Reddit and other chat rooms are taking on hedge funds and the financial establishment is understandable. How enticing it is that for a small retail commitment of cash, there is the promise of great gains at the end of the rainbow. It is not just holders of exchange traded funds … Read more
Reddit traders send silver price to eight-year highs: Precious metal soars 12% as renegade investors pile in to put squeeze on short-sellers Reddit thread r/wallstreetbets had mentions of the hashtag #silversqueeze Spot silver up 12% to $30.17 an ounce – the highest since early 2013 Shares in precious metal miner Fresnillo almost 20% higher By … Read more
JEFF PRESTRIDGE: As an advocate of investing, it is fantastic that small investors have taken on hedge funds – yet I fear that it could all end in tears By Jeff Prestridge for The Mail on Sunday Published: 21:51 GMT, 30 January 2021 | Updated: 13:18 GMT, 31 January 2021 Hedge fund managers are not … Read more
A Wall Street titan connected to the remarkable Robinhood feeding frenzy abruptly quit Twitter on Friday night, as it emerged that some of the board members of the companies involved have cashed in on the surreal week. Steve Cohen, the financier and owner of the New York Mets, who is worth an estimated $14.6 billion, … Read more
A Wall Street titan connected to the remarkable Robinhood feeding frenzy abruptly quit Twitter on Friday night, as it emerged that some of the board members of the companies involved have cashed in on the surreal week. Steve Cohen, the financier and owner of the New York Mets, who is worth an estimated $14.6 billion, … 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