Tag Archives: Economy of the United States

BOMBSHELL: Robinhood employee says the White ☭ House pressured HALT of GameStop Trading » Sons of Liberty Media

New York Attorney General, Letitia James, released a statement Thursday announcing that “we are aware of concerns raised regarding activity on the Robinhood app,” and that “we are reviewing the matter.” Newsletter SignupStay up to date on the latest news: Sign up for the Sons of Liberty newsletter! Stay up to date on the latest […]

AOC joins huge Robinhood backlash after it stopped purchases of GameStop

“This is unacceptable. We now need to know more about @RobinhoodApp’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit,” she tweeted.  This content was originally published here.

Watch CNBC’s full interview with Chamath Palihapitiya on GameStop and Reddit-fueled surge

Watch CNBC’s full interview with Chamath Palihapitiya on GameStop and Reddit-fueled surge CNBC’s “Halftime Report” team is joined by Chamath Palihapitiya, CEO of Social Capital, to discuss how he traded GameStop and what he thinks this means for the investment landscape going forward. 26:01 This content was originally published here.

Melvin Capital hedge fund lost 53% in the GameStop frenzy – CNN

Last week, Citadel, a hedge fund owned by billionaire Ken Griffin, provided the firm with a more-than-$2-billion bailout. “The fund’s portfolio liquidity is strong,” the source said. “Use of leverage is at the lowest level since Melvin Capital’s inception in 2014.” Melvin found itself at the heart of the GameStop saga after Robinhood suspended trading […]

Watch the full interview with Robinhood CEO Vlad Tenev on decision to restrict trading on GameStop

Watch the full interview with Robinhood CEO Vlad Tenev on decision to restrict trading on GameStop Vlad Tenev, Robinhood CEO, speaks with CNBC’s Andrew Ross Sorkin on why the trading site decided to limit customers’ ability to trade GameStop and certain other stocks. With CNBC’s Andrew Ross Sorkin and Melissa Lee. 11:13 This content was […]

SEC is looking into Robinhood’s handling of Gamestop trading

The U.S. securities watchdog is looking into the affair of Robinhood and the Redditors. At least in so many words. The Securities and Exchange Commission made a joint statement on Friday expressing concern over the “extreme price volatility of certain stocks’ trading prices over the past several days.” Though the commission did using the words […]

GameStop market value soars past $13 billion after Elon Musk tweet

NEW YORK (Bloomberg) – The skyward march in GameStop accelerated on Tuesday (Jan 26), its stock nearly doubling during trading hours and then surging another 50 per cent after being name checked in a tweet by Elon Musk. Its market value flew past the US$10 billion (S$13.2 billion) mark via a year-to-date rally that is […]