GameStop winners and losers: Small Reddit investors are up while hedge funds face $19B in losses

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

Robinhood CEO DEFENDS selling users’ GameStop shares without permission

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

Robinhood CEO DEFENDS selling users’ GameStop shares without permission

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

Social media laughs at the chaos that ensued from the ‘Wolves of Reddit’

GameStop, the new Fortune 500! Social media unleashes the memes as the ‘Wolves of Reddit’ send Wall Street into panic Folks took to Twitter to share their fascination with the spectacle surrounding GameStop, AMC Entertainment and others ‘GameStop sitting amongst Tesla and Amazon after reddit users make it a Fortune 500 company,’ said one person, … Read more

Warning over market abuse as Reddit fever sweeps Britain

Warning over market abuse as Reddit fever sweeps Britain: FCA sounds the alarm as UK investors pile in to get back at hedge funds By Lucy White For The Daily Mail Published: 21:51 GMT, 28 January 2021 | Updated: 21:51 GMT, 28 January 2021 Traders have been warned they could be guilty of market abuse … Read more

YouTuber Roaring Kitty who disrupted Wall Street is Boston suburban dad

The Reddit poster and YouTube streamer who caused a Wall Street crisis by driving up the price of GameStop – and boasted about his $47 million gains – is a suburban financial adviser who nicknames himself Mr. Wizard, DailyMail.com can reveal. Keith Gill, 34, is the man behind the Roaring Kitty YouTube streams and the … Read more

YouTuber Roaring Kitty who disrupted Wall Street is Boston suburban dad

The Reddit poster and YouTube streamer who caused a Wall Street crisis by driving up the price of GameStop – and boasted about his $47 million gains – is a suburban financial adviser who nicknames himself Mr. Wizard, DailyMail.com can reveal. Keith Gill, 34, is the man behind the Roaring Kitty YouTube streams and the … Read more

GameStop’s three largest shareholders have gotten $3BILLION richer in two weeks

The Reddit subgroup fueling the unprecedented surge of GameStop shares in a campaign that is rattling Wall Street, was briefly made private shortly after its users were kicked off gamer messaging app Discord due to hate speech violations.  Discord on Wednesday confirmed it has banned the WallStreetBets server from its platform, where thousands of users … Read more

GameStop’s three largest shareholders have gotten $3BILLION richer in two weeks

YouTuber ‘Roaring Kitty’ has been one of the key cheerleaders of the GameStock rally The Reddit subgroup fueling the unprecedented surge of GameStop shares in a campaign that is rattling Wall Street, has been kicked off gamer messaging app Discord due to hate speech violations.  Discord on Wednesday confirmed it has banned the r/WallStreetBets server … Read more

MARKET REPORT: Reddit vs Wall Street in short-seller showdown

Amid a sea of red on global markets, there were some odd flurries of excitement. In the US, a bizarre battle has kicked off between Wall Street hedge funds and individual day traders using social media site Reddit.  Shares in a little-known company, Gamestop, more than doubled to $319 as Reddit users encouraged each other … Read more