What happens when Robinhood traders walk out of the stock market? That’s not the start of a joke. It’s the premise of a new study looking at how young investors on the high-profile trading app with $ 0 commissions were generating market volatility and “noise” long before the GameStop stock-trading …
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Vladimir Tenev, co-CEO of the online broker Robinhood, will appear before the House Financial Services Committee on Thursday and defend his company’s decision in late January to temporarily restrict trading in so-called meme stocks, including GameStop Inc. He will also push back against allegations that the app’s features encourage investors …
Read More » As social media has stoked interest in an assortment of stocks that recently were being shorted by hedge funds, Robinhood and similar, low-cost trading and investing platforms have served as an important tool. On Reddit, in particular, a community of day traders has organized to send the price of multiple …
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Headphone maker Koss Corp., whose heavily shorted stock has been among those skyrocketing in recent weeks amid support from investors on Reddit’s WallStreetBets message board, swung to a second-quarter profit thanks to higher sales. Shares of Koss rallied more than 45% in the extended session Thursday, after closing down 28% …
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Veteran venture investor Chris Sacca has a word of warning for beginner investors who made off like a bandit this year: It’s not you. In a tweet Tuesday, Sacca dropped this “hard truth” on newbie investors: “You’re not actually that good at it. You just caught a wild bull market,” …
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Robinhood’s investment app is popular with younger investors. AFP/Getty Images Robinhood Markets Inc. is seeking banking advisers for a potential initial public offering as soon as the first quarter of 2021, Bloomberg News reported Tuesday. Bloomberg said the brokerage-app company is still mulling its options and may not opt for …
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As the twin black swans of the coronavirus pandemic and the historic oil price collapse rocked financial markets early in 2020, opportunities emerged. So did media narratives. One of the most popular: that bored young people, stuck at home with no access to sports or bars or live entertainment, went …
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