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Tom Brady, Shaq get sued alongside Dem donor, crypto CEO in class-action lawsuit

Ex-billionaire Sam Bankman-Fried and crypto exchange FTX were sued Tuesday alongside several celebrities, including Tom Brady and Shaquille O’Neal, over an alleged effort to use the stars’ reputation to trick customers into participating in a “Ponzi scheme,” according to court documents.

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Dem Donor, Crypto CEO Sued Alongside Tom Brady And Other Stars In Class Action Lawsuit

Crypto firm FTX was sued Tuesday alongisde several stars, including Tom Brady and Shaquille O&#039;Neal, over an alleged &#039;Ponzi scheme&#039; using the stars&#039; reputation.

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'Eat The Rich! The GameStop Saga's' Short Squeeze: Explained

A new Netflix documentary recalls one of Reddit's most famous (and lucrative) pranks

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Seeker of Truth

Seeker of Truth
harvard.edu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from harvard.edu Daily Mail and Mail on Sunday newspapers.

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MoA - January 2021

MoA - January 2021
moonofalabama.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moonofalabama.org Daily Mail and Mail on Sunday newspapers.

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Robinhood IPO meets soft demand on Wall Street, Redditors are not as interested

7/29/2021 10:10:22 PM GMT
Robinhood prices its initial public offering at the low end of the price range, $38 each.
There is negativity on stock investment subreddits since the commission-free trading exchange platform was engulfed in scandals in early 2021.
On 28 July, the exchange announced that regulators are investigating CEO Vlad Tenev.
Crypto traders are looking forward to Robinhood’s roll-out of a new feature promising to protect investors from volatility. Institutional investors were wary and sat out of the IPO.
Robinhood tests feature to protect traders from volatility while facing a regulatory probe
A day before launching its IPO, Robinhood, the commission-free trading and investing platform, revealed that CEO Vlad Tenev is under investigation by the Financial Industry Regulatory Authority (FINRA). Regulatory authorities are scrutinizing Tenev to confirm whether he is licensed by FINRA.

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US lawmakers to grill key figures in GameStop stock probe

Members of the United States House Committee on Financial Services are going head to head on Thursday with top executives from key stakeholder firms in the GameStop trading frenzy.
The inquiry aims to shed light on the hazy sequence of events that precipitated the ascent and rapid decline of the struggling video-game retailer’s share price just weeks ago, when it rocketed from $17.25 on January 1 to $347.51 on January 27 – then plunged to hover near $50 since then.
Individual retail investors, taking their cue from posts on social media sites such as Reddit, combined in a rarely seen move that forced some of the largest names on Wall Street to take big losses on their bets that shares of companies, including GameStop and US theatre operator AMC Entertainment, would fall.

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GameStop saga's key players prepare to face US lawmakers

Hedge funds, tech companies and a YouTuber to face questions about what exactly happened during January's trading frenzy

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GameStop: Global watchdogs sound alarm as shares frenzy grows

Regulators have fired warning shots over frenzied share dealing in GameStop and other firms, fuelled by social media chat on sites like Reddit and Facebook.

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Attorney says Robinhood was within rights to restrict GameStop trading

Peoria, IL, USA 104.9 The Wolf
Midwest Communications
PEORIA, Ill. — Robinhood has been at the forefront this week of a skyrocketing GameStop stock as users of Reddit drove the price up to over $300 a share.
On Thursday, Robinhood was one of many online brokers to limit buying of the stock.
This decision sparked uproar among many, including United States Representative Alexandria Ocasio-Cortez and Senator Ted Cruz.
Cortez tweeted Thursday that Robinhood’s decision was “unacceptable” and would support a hearing if necessary as a member of the Financial Services Committee.
This is unacceptable.
We now need to know more about @RobinhoodApp’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit.

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