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The Silicon Valley Start-Up That Caused Wall Street Chaos


The Silicon Valley Start-Up That Caused Wall Street Chaos
Robinhood pitched itself to investors as the antithesis of Wall Street. It didn’t say that it also entirely relies on Wall Street. This past week, the two realities collided.
Baiju Bhatt and Vladimir Tenev, the co-founders of Robinhood, at their office in Palo Alto, Calif., in 2016. The duo promised to democratize trading.Credit.Aaron Wojack for The New York Times
Jan. 30, 2021
The online trading app Robinhood became a cultural phenomenon and a Silicon Valley darling with a promise to wrest the stock market away from Wall Street’s traditional gatekeepers and “let the people trade” making it as easy to put millions of dollars at risk as it is to summon an Uber. ....

New York , United States , Roger Mcnamee , Chris Nagy , Scott Smith , Amy Lombard , Peter Weiler , Abel Noser , Robert Greifeld , Clearing Corporation , Deposit Insurance Corporation , Healthy Markets Association , Securities Investor Protection Corporation , Td Ameritrade , Exchange Commission , New York Times , Sequoia Capital , Cerulli Associates , Silicon Valley , Wall Street , Menlo Park , Citadel Securities , Virtu Financial , Federal Deposit Insurance , Depository Trust , புதியது யார்க் ,

'Dumb money' is on GameStop, and it's beating Wall Street at its own game


Dumb money is on GameStop, and it s beating Wall Street at its own game
28 Jan, 2021 01:10 AM
10 minutes to read
A GameStop near Union Square in Manhattan. Investors fuelled by a forum on Reddit have pushed GameStop shares into the stratosphere, and crippled short sellers. Photo / Hiroko Masuike, New York Times
A GameStop near Union Square in Manhattan. Investors fuelled by a forum on Reddit have pushed GameStop shares into the stratosphere, and crippled short sellers. Photo / Hiroko Masuike, New York Times
New York Times
By: Matt Phillips and Taylor Lorenz
GameStop shares have soared 1,700 per cent as millions of small investors, egged on by social media, employ a classic Wall Street tactic to put the squeeze on Wall Street. ....

New York , United States , Huntington Beach , Hiroko Masuike , Taylor Lorenz , Dixon Herling , Jim Wilson , Gabe Plotkin , Tyler Gellasch , Steve Sosnick , Matt Phillips , Pablo Batista , Ben Patte , Elon Musk , Stevena Cohen , Andrew Left , Ryan Cohen , Exchange Commission , Healthy Markets Association , Td Ameritrade , Federal Reserve , Wall Street , Wall Street Bets , Between Tuesday , Wall Streeters , Interactive Brokers ,