Robinhood suspends trading of GameStop and AMC on its online trading platform, sparking outrage (and a class-action lawsuit) from retail investors. Congressional lawmakers slam Wall Street and Robinhood for siding with large hedge funds. How long will this latest stock frenzy last and what company's next on r/WallStreetBets' list? Here are the latest GameStonk headlines from Jan. 28.
Update: Robinhood has made public note of the changes, stating that “in light of recent volatility” it is “restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK.” The company added that it has “raised margin …
"Robinhood purposefully, willfully, and knowingly removing the stock 'GME' from its trading platform in the midst of an unprecedented stock thereby deprived retail investors." Robinhood is already facing a class action lawsuit after the microtrading platform deliberately blocked users from trading …
The battle between the financial establishment and small individual investors is heating up, and the situation is already becoming political — in …
Robinhood has announced that, beginning on Friday, January 29th, it will allow “limited buys” on restricted stocks, potentially signaling the end of a brutal day-long hold on GameStop, AMC, BlackBerry, Nokia, and other stocks. “Starting tomorrow, we plan to allow limited buys of these securities,” …
Discord is now helping the r/WallStreetBets team moderate its new server. The company originally banned the group yesterday due to “hateful and discriminatory content” and revealed it had sent repeated warnings to the team managing the community. Those warnings, for whatever reason, were ignored, …
Shares of GameStop, the center of a trading frenzy fueled by a Reddit message board, dropped sharply on Thursday after brokers restricted trading on …
Three of the popular retail stock market trading apps that have hosted much of the activity related to the Wall Street Bets subreddit-spurred run on stocks including GameStop (GME) and AMC, among others, have removed all restrictions on their exchange by their users. M1, Webull and Public had …
E*Trade Financial is preventing customers from purchasing shares of GameStop Corp. and AMC Entertainment Holdings Inc., according to a person …
Two leading House and Senate committees pledged to hold hearings on the recent gyrations in the stock market as lawmakers voiced bipartisan outrage …
LONDON — Online investment platforms are seeing a surge in usage as retail investors flock into historically-unloved stocks like GameStop and …
Investors organizing on social media hit multimillion-dollar paydays as they fought Wall Street over GameStop's share price. Experts say it can't last.
New York CNN — The founder of the subreddit WallStreetBets says he never expected the forum to become the force it is now, with hordes of amateur investors driving up stock prices in a showdown with Wall Street short-sellers. “I don’t envy any of them,” WallStreetBets founder Jaime Rogozinski told …
Could American Airlines' stock become the next GameStop? Reddit users believe it may be possible. American Airlines surged more than 10% on Wednedsay morning after one discussion on Reddit's WallStreetBets forum posed the question, "AAL next GME?" "Thoughts? AAL majorly shorted when all the other …
![[Update: Google deletes] Robinhood's Android app review bombed over GameStop stock block](https://i0.wp.com/9to5google.com/wp-content/uploads/sites/4/2021/01/robinhood_android_1.jpg?resize=1200%2C628&quality=82&strip=all&ssl=1)
Robinhood is one of the most popular ways for consumers to get in on the stock market, but the app is in some hot water with its users currently. After restricting some stocks today, the Robinhood Android app has been review bombed with thousands of negative reviews. If you’re not looped in to …
Retail gaming store GameStop has seen its stock price soar this week and it's thanks to Redditors on the subreddit r/WallStreetBets. The move was apparently in response to analysts describing the company as not being worth it, suggesting shorting the stock might be better if investors were keen on making a profit. Redditors in turn propelled GameStop's stock from $20 to $73 in a day of active trading. Read on to learn how these denziens are able to impact the market's performance so easily.
Follow our Flipboard magazine for all the latest news about what r/WallStreetBets is doing, how the market is responding, and how this changes the investment industry.
