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Although the trading of GME stocks in the past days have pumped their valuation, social brokerage platform Robinhood and others have either halted the trade of the shares or limited it.The shares of the American video game, consumer electronics, and gaming merchandise retailer, GameStop Corp (NYSE: GME) shares are 0.31%
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Metro-Goldwyn-Mayer (MGM) is already set to make a movie telling the week-old story of a group of retail investors from social media platform Reddit who took on the financial might of Wall Street.According to a report from Deadline on Sunday, MGM acquired the movie rights to a book proposal known
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One of the most well-known online Bitcoin communities passed two million subscribers in a surge of activity on Friday, purportedly due to the media attention over the r/Wallstreetbets subreddit.According to the Metrics For Reddit analytics website, the subreddit r/Bitcoin has 2,184,941 subscribers at the time of publication, making it the
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It’s hard to do justice to the symbolism and significance of the Reddit-Robinhood-GameStop drama of this past week.That’s not to say it hasn’t been overblown in some quarters. I’ve heard it compared to the Capitol riots – no, that was sedition, this is rebellion, very different. I’ve seen calls for
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The latest in the saga of WallStreetBets vs the world.This episode is sponsored by Nexo.io.In this edition of the Breakdown’s weekly recap, NLW looks at:Robinhood’s ham-fisted explanations for why it shut down buying for GME and other stocksWhy the root cause seems to have been insolvencyHow politicians are gearing up
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You may have heard: Yesterday, amid an enormous rally in the stock and surging trading volumes, Robinhood halted the ability of its users to trade GameStop (GME) stock. Chaos ensued. Retail traders everywhere cried foul, accusing the startup brokerage of protecting hedge funds and the establishment at their expense. U.S.
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The world is watching U.S. markets with great interest, and more than a little FOMO, as Reddit investors continue to test their might against Wall Street.It all started when retail investors on the Reddit community wallstreetbets began pumping the price of U.S. video game retailer GameStop’s (GME) stock to counter
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Three stories1. Elon Musk changed his Twitter bio to #bitcoin and the crypto jumped 20%, to highs last seen on Jan. 19. The two events are not definitely connected. However, just 15 minutes after Musk made the change, bitcoin climbed 15.7% to $37,050. It’s still ticking up.Of course, with any
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Blockfolio has launched zero-fee cryptocurrency trading within its portfolio tracking app, according to an announcement Friday.The firm is also listing all tokenized stocks listed on derivatives exchange FTX in the trading service (available to non-U.S. users only). A Blockfolio representative told CryptoX that it decided to include these offerings due
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What does it mean for a market to be manipulated?I know there are legal answers to this question, but that’s not really what I’m interested in. I am more interested in where and how we, as the blood-thirsty capitalist society that we are, draw the line between the market being
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