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Reuters Reuters 29 January, 2021, 10:53 pm FILE PHOTO: A statue of a girl facing the Wall St. Bull is seen, as part of a campaign by U.S. fund manager State Street to push companies to put women on their boards, in the financial district in New York, U.S., March 7, 2017. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Wall Street was contemplating big wins from the Reddit-fueled retail frenzy in stocks such as GameStop on Thursday, even though many hedge funds in its ranks were nursing losses. Shares in GameStop, whose motto is “power to the players”, and other heavily shorted ...
Robin Hood Society Mistaken for Robinhood App, Sees Surge in Followers On 1/29/21 at 7:39 AM EST The World Wide Robin Hood Society in Nottingham, England, has seen an unexpected boom in Twitter followers as users have mistaken it for the stock trading and investing app, Robinhood. The Twitter handle @robinhood belongs to The Robin Hood Society, while the stock trading app goes by @RobinhoodApp on Twitter. It appears that Twitter users searching for the Robinhood app amid the stock market madness this week have accidentally followed the Sherwood-based Robin Hood Society, which has amassed arou...
Small peaceful protests have formed outside of Robinhood headquarters in Menlo Park, California, the Securities and Exchange Comission headquarters in Washington D.C. and the New York Stock Exchange Thursday following a call made in a now-deleted post on the speculative investing sub-Reddit forum WallStreetBets.
Brokerages limit trading in GameStop, sparking outcry By Alex Viega - AP Business Writer Robinhood and other retail brokerages took steps to tamp down the speculative frenzy surrounding companies such as GameStop, but the actions only sparked more volatility in the market and an outcry from users of the platforms and some members of Congress who say small investors are being treated unfairly. GameStop stock has rocketed from below $20 earlier this month to close around $350 Wednesday as a volunteer army of investors on social media challenged big institutions who had placed market bets that t...