financial markets
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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 U.S. 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 its users from…
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Wall Street Fund Wants to Hire r/WallStreetBets Users to Help Pick Meme Stocks
GameStop’s stock has fallen back to something like a reasonable price and Barstool Sports founder Dave Portnoy claims he lost about $US700,000 ($906,080), but the future of meme stocks is not yet written. And at least one New York-based quantitative fund seems to think there’s still a glimmer of gold to be found in the…
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Facebook Bans Popular Stock Trading Group Amid GameStop Chaos
Facebook has reportedly shut down a popular stock trading group due to alleged policy violations, the page’s founder claims, who argues the real reason behind the sudden ouster is the windfall its members made off all the GameStonks drama this week.
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‘Democratised Finance’ App Robinhood Halts Purchases Of GameStop, AMC, American Airlines
The lulz (and soaring financial gains) of Reddit’s insurgent investor community, WallStreetBets, are on hold Thursday morning as popular stock-trading app Robinhood halted key types of trades of its favourite stocks due to “significant market volatility.”