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Lawmakers to grill key players in GameStop stock market saga

Lawmakers grill key players in GameStop stock market saga How did the GameStop stock spike on Wall Street happen? Replay Video UP NEXT Lawmakers grilled chief executives and a Reddit user who goes by the moniker "DeepF---ingValue" during a hearing Thursday that aimed to unearth more about the GameStop stock market mania that sent Wall Street reeling late last month. The House Financial Services Committee summoned some of the key players in the saga to testify, including Robinhood CEO Vlad T...
New York United States Kennethc Griffin Robinhood Tenev Reddit Huffman Steve Huffman
Source: msn.com

Screenshot: Should online harms laws take on the hackers and pirates? : CityAM

This week **Who’s taking on the online hackers and pirates? **Will Big Tech finally cough up for news? Media Moment of the Week: Ya boi in Hanoi Tempted as I was to feature *that* cat lawyer this week, I think perhaps, to borrow Michael Gove’s words, this country has had enough of Zoom fails. Instead, here’s some viral internet cringe of the sort we all thought had gone extinct somewhere in the vicinity of 2014. US ambassador to Vietnam Dan Kritenbrink just released this rap song to wish ...
Han I Republic Of United Kingdom Theresa May Geoff Taylor Dan Kritenbrink
Source: cityam.com

Investment app behind Robinhood fiasco buys Super Bowl ad

The ad will run at a precarious time for Robinhood. Last week, Robinhood outraged users and lawmakers by prohibiting purchases of GameStop, AMC and other favorites of the WallStreetBets Reddit group that disrupted parts of the financial markets. Hours later, Robinhood raised $US 1 billion ($1.3 billion) from existing investors in a move that signalled a cash crunch. Days later, the free-trading app raised an additional $US 2.4 billion ($3.14 billion) from investors — a massive sum undersco...
New York United States Wallstreetbets Reddit Tony Calcao Elizabeth Warren Street At Union Square

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GameStop's stock slide speeds up as US senator steps in

GameStop’s stock slide speeds up as US senator steps in GameStop has seen its shares fall sharply after a buying frenzy sparked by amateur traders (Getty Images) The slide in GameStop shares accelerated today as US officials warned they may step in to investigate the trading frenzy that has roiled markets in recent weeks. A surge in buying by amateur traders, fuelled by activity on social media, sparked big moves in shares of companies that were shorted by Wall Street hedge f...
New York United States Janet Yellen Kim Forrest Commodity Futures Trading Commission Exchange Commission
Source: cityam.com

Canadian cannabis stocks pop on U.S. legalization push and GameStop-style short squeeze

Posted: Feb 03, 2021 1:04 PM ET | Last Updated: February 3 For the most part, the stock prices of Canadian cannabis companies have failed to maintain or move past the lofty highs they reached in 2018, when Canada legalized the drug.(Annie Sakkab/Bloomberg) Shares in Canadian-based cannabis companies are surging this week partly because of a flurry of short sellers covering their bets against the stocks, right as U.S. lawmakers seem to be getting more serious about potentially legalizing the dru...
United States Chuck Schumer Ron Wyden Aurora Cannabis Canopy Growth Chris Damas
Source: cbc.ca

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