According to the lawsuit, filed on Thursday before a federal judge in the Southern District of New York, Robinhood “purposefully, willingly and knowingly” deprived retail investors of the ability to invest, accusing the brokerage of “manipulating” the market. Robinhood “completely blocked retail investors” from buying GameStop stock “for no legitimate …
Read More »
Traders logging on to Robinhood on Thursday were informed that they were no longer able to purchase stock in $GME, $AMC, $BB and $NOK (GameStop, AMC Theaters, Blackberry and Nokia). These are the four companies whose share prices were massively inflated in recent weeks by crowds of amateur investors purchasing …
Read More »
The New York congresswoman took to Twitter on Wednesday night to poke fun at the “Wall Streeters” racking up major losses amid a push by online trolls to punish GameStop short-sellers, deliberately driving up the value of the retailers’ stock. “Gotta admit it’s really something to see Wall Streeters with …
Read More »
American video game retailer GameStop has made a splash in the news this week after a showdown took place between hedge funds attempting to short sell the company’s stocks and Redditors attempting to fight back. After a hard-fought battle, the folks over at r/WallStreetBets scored a victory when a heavily …
Read More »