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Robinhood reveals it lost $1.4bn to GameStop chaos as it files for IPO The trading app will reserve up to 35pc of its float shares for its customers, who now have $81bn of assets in its custody 2 July 2021 • 12:55am Robinhood made a loss of $1.4bn (£1bn) in the first three months of this year amid the GameStop chaos, the stock trading app revealed as it applies to go public. A massive buying frenzy driven by retail investors on Reddit forced Robinhood to raise emergency funds that cost it $1...

The world's largest video game show has a rich history of unforgettable moments, including oddball press conferences, monumental product and game debuts, and spectacular failures. These are our favorites.

The games industry moves pretty fast, and theres a tendency for all involved to look constantly to whats next without so much worrying about what came before. That said, even an industry so entrenched in the now can learn from its past. So to refresh our collective memory and perhaps offer some perspective on our fields history, GamesIndustry.biz runs this monthly feature highlighting happenings in gaming from exactly a decade ago. More like PlayStation Notwork It didnt seem like a big deal at ...

April Fools Day 2021 Memes, Images, GIF: Gaming Announcement Gags and Pranks Photo : Pixabay/StockSnap Despite the pandemic, people are still having a good laugh to celebrate April Fools Day 2021. Apart from pranks, others simply share hilarious memes, images, and GIF either to warn others not to prank them or just to share their thoughts about April Fools. As always, there are gaming prank announcements that seem real. Gaming News April Fools Gags 1. Razer Well, this is cute. Many would buy t...

Packaging for the Asciiware Sphere 360 PlayStation controller (photo courtesy of Hock Wah Yeo) When Hock Wah Yeo was hired by the game publisher Velocity, the head of the company gave him an unusual order: “Scare me.” 1     Let’s say you go to the store and buy a video game. What does it look like? Chances are, it comes in a plastic box, roughly the size of a DVD case, and there’s a logo on the top that tells you what platform it’s for — Xbox, PlayStation, Nintendo. It’s easy to...

Wall Street Bashers Wrong About GameStop; What The SEC Should Do Philly.com Who won? By the end of last week, you could buy a share of GameStop — successor to Philadelphia’s old Electronics Boutique digital-games store chain — for $64, a fat discount from the $300-plus you would have needed on Jan. 27. Late last month, politicians from U.S. Sen. Josh Hawley, R-Mo., to U.S. Rep. Alexandria Ocasio Cortez, D-N.Y., were bashing “Wall Street” and demanding the federal government investigat...

‘Mario cuts through everything’: How EB Games survived retail’s great battle We’re sorry, this service is currently unavailable. Please try again later. Dismiss Save Normal text size Advertisement In a world dominated by deep discounts, online competition and soaring shop rents, it’s hard to understand how a 20-year-old retailer like EB Games could not only survive, but thrive. On the surface, it seems the video gaming chain has the odds stacked against it, with a spraw...