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Reddit recovering from outage that affected thousands of users

Reddit recovered from an hour-long outage that affected thousands of users on Wednesday afternoon as volatility returned to stocks including GameStop GME.N> and AMC that were at the center of a slugfest between retail traders and Wall Street. ....

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EU targets online platforms after Wall Street short squeeze

Online platforms like Robinhood in the United States that offer commission-free share trading to retail investors would be illegal in the European Union, officials from the bloc said on Tuesday. ....

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GameStop finance head to resign

GameStop Chief Financial Officer Jim Bell will step down next month, the video game retailer said on Tuesday, as it focuses on shifting into technology-driven sales in the wake of headline-grabbing big betting in its stock. ....

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U.S. clearinghouse Apex to go public via $4.7 billion deal with Ledecky's SPAC

By Reuters Staff
2 Min Read
(Reuters) - Apex Clearing Corp, a clearing firm and a custodian for digital assets, said on Monday it will go public through a merger with a blank-check firm backed by New York Islanders co-owner Jon Ledecky, in a deal that values the combined entity at $4.7 billion.
The deal with Northern Star Investment Corp II is expected to fetch Apex $850 million in gross cash proceeds, including a private investment of $450 million anchored by Fidelity Management & Research Company LLC and Baron Capital Group.
Apex is a financial technology firm that provides clearing services, digital custody, cryptocurrency solutions and fractional share trading, among others, to its clients. ....

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Apex Clearing to go public via $4.7 billion deal with Ledecky's SPAC

By Reuters Staff
2 Min Read
(Reuters) - Apex Clearing Corp, a clearing firm and a custodian for digital assets, said on Monday it will go public through a merger with a blank-check firm backed by New York Islanders co-owner Jon Ledecky, in a deal that values the combined entity at $4.7 billion.
The deal with Northern Star Investment Corp II is expected to fetch Apex $850 million in gross cash proceeds, including a private investment of $450 million anchored by Fidelity Management & Research Company LLC and Baron Capital Group.
Apex is a financial technology firm that provides clearing services, digital custody, cryptocurrency solutions and fractional share trading, among others, to its clients. ....

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