Tag: Gamestop
House Committee Reveals Robinhood was on Edge of Liquidation During ‘Gamestop Rebellion’
The House Committee on Financial Services convened on Thursday, Feb. 18, to question participants in the “Gamestop Rebellion,” a pop culture reference to a late January and early February move in the stock price of...
Family Sues Robinhood for Son’s Suicide
Alex Kearns was only 20 years old when he took his life last June, thinking that the $5,000 he invested in the market had turned into a massive debt of $730,000. The family of the...
Wall Street Behemoths Ate Reddit’s Gamestop Lunch
According to Wall Street behemoth JPMorgan, the fairytale spun by pundits about Reddit’s WallStreetBets organizing to “squeeze” badly positioned hedge fund short sellers of video game retailer Gamestop (NYSE: GME) in what has been affectionately...
Federal Reserve Holds Rates Steady Over Pandemic Outlook
As part of the Federal reserve, the Federal Open Market Committee’s (FOMC) response to the current economic outlook holds interest rates steady between 0 and .25 percent. The federal borrowing rates trickle down to the...
Robinhood Alternative Webull Hides its China Roots
The last two weeks of trading sessions brought stock trading the kind of pop culture attention it hasn’t seen in a long time, when floundering brick-and-mortar video game retailer Gamestop (NYSE: GME) ballooned more than...
US Treasury Secretary to Meet With Financial Regulators About GameStop
U.S. Treasury Secretary Janet Yellen will be meeting with financial regulators to discuss the high levels of volatility in the market regarding GameStop, a video game and merchandise retailer. Frenzied trading of GameStop shares caused...
Big Media Puts ‘Gamestop Rebellion’ on Par with Capitol Riots
January saw brick-and-mortar video game retailer Gamestop (NYSE: GME) explode in value from a 2021 opening price of $19.00 to a peak of $483.00, a total expansion of more than 2,000 percent. GME closed out...
Amateur Investors Fodder, Not Driver of GameStop’s Meteoric NYSE Climb
GameStop’s (NYSE: GME) meteoric rise on the New York Stock Exchange saw shares skyrocket more than 700 percent in value two days after a Jan. 11 Press Release reporting 2020 holiday sales figures. Nothing about...