GameStop-Gate: What Did Robinhood Do Exactly—and Why?
GameStop-Gate: What Did Robinhood Do Exactly—and Why? | Opinion On 1/31/21 at 7:00 AM EST Quiet week? Never. Day traders took on the hedge funds over GameStop—and rattled the big guys, Wall Street and Congress. Meanwhile, the bad news on the economy continued. Sure, the number of folks filing first time unemployment claims dipped a bit. But the still-high level of claims remains freakin' bad. And there was more bad news. GDP contracted 3.5 percent in 2020, the biggest drop since 1946. Even the markets finished down for the week—the S&P 500 index slumped 3.3 percent. And...
Source: newsweek.com