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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 $1.5bn and tanked its finances for that quarter, according to paperwork filed with US regulators on Th...

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 there's a tendency for all involved to look constantly to what's 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 field's history, GamesIndustry.biz runs this monthly feature highlighting happenings in gaming from exactly a decade ago. More like PlayStation Notwork It didn't seem like a big deal at first. After all, outages on various gaming networks are semi-common to this day, and the PlaySt...

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 this lovely hair dye! It's customizable per-hair lighting. Glow up with the new Razer Rapunzel Chro...

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 understand, and it’s easy to fit on shelves. Retailers like it. The platform owners like it. This...