robinhood

  • GameStop Short Sellers Just Lost US$2 Billion Amid Meme Stock Rally

    GameStop Short Sellers Just Lost US$2 Billion Amid Meme Stock Rally

    The meme stock rally triggered by the return of “Roaring Kitty” to social media has cost GameStop stock short-sellers more than $US2 billion in just two days, according to data firm S3 Partners. Ihor Dusaniwsky, S3’s managing director of predictive analytics, wrote on X: “After being down $US862 million in mark-to-market losses yesterday, $GME [GameStop]…


  • Hey Redditors, They Saved You Some Stock in Reddit’s IPO

    Hey Redditors, They Saved You Some Stock in Reddit’s IPO

    Being a Reddit user has always had its perks, but now the most loyal Redditors will get VIP passes to own part of the company. Reddit disclosed plans to launch its long-awaited IPO at up to a $US6.4 billion valuation, according to a Monday filing with the SEC, and the company is reserving 8% of…