Photo: media1.s-nbcnews.com
Leaders on both the left and right presented a united front against one element of the stunning trades. What they want to do next reflects familiar partisan divides. A number of Democrats and Republicans united in opposition this week to the strict limits imposed by Robinhood and other online stock …
“No other brokerage as far as we know needed a billion-dollar bailout,” said one securities expert. Popular stock trading app Robinhood was on the lips of every pundit, politician and punter this week, riding a promise to “democratize finance” — but its denizens are in revolt and its future is …
Some fintech apps try to rein in addictive components to investing, but face their own problems. While the broader public may have gotten its first glimpse this week of the troubling and addictive nature of trading apps like Robinhood, gambling experts, finance watchers and even rival trading apps …
Founded within 15 months of each other, Robinhood and r/wallstreetbets each grew slowly at first and then in a sudden rush in recent months. The stock market frenzy around GameStop has been years in the making, reflecting the parallel growth of two extremely online communities: users of the stock …
Here's a guide to understanding what's going on with GameStop and what the frenzy means for the stock market. Suddenly, Wall Street can't stop talking about GameStop, a video game retailer whose stock price is popping far beyond what most people think it's worth. Here's a guide to understanding why …
Furious Robinhood users said that they were unable to transfer funds to their bank account or to other trading platforms. The video game retailer GameStop’s stock saw more extreme volatility Thursday after the popular trading app Robinhood restricted transactions for it and other hot stocks whose …
Rep. Alexandria Ocasio-Cortez said that "it’s really something to see Wall Streeters" who treat "our economy as a casino" complain. Progressive lawmakers are reacting to the Reddit-led surge in GameStop stock sales — and Wall Street's response — to push for more oversight on financial …
Wall Street giants are calling foul after having been beaten at their own game by a bunch of guys on the internet. It's hard not to cheer. Sometimes heroism has a name, and sometimes — well, at least once — that name is u/ronoron. In recent weeks, users of a Reddit message board called …
If you've been online at all this week, congrats: You've been recruited as a spectator in a game of financial Calvinball. For a quick recap: GameStop, …
