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Reddit’s revenge: GameStop surges as trading frenzy returns
Shares in the video game retailer, which jumped to prominence last month as its value rocketed, climbed 104% in Wednesday's session on Wall Street
Company
GameStop Corp
NYSE:GME
GameStop Corp. is a retailer of video game products and personal computer (PC) entertainment software. The Company sells new and used video game hardware, video game software and accessories, as well as PC entertainment software, and related accessories and other merchandise.
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Wall Street gives up gains as markets end almost exactly flat
Stocks initially rose after Yellen told CNBC Thursday close that a $1.9 trillion package could help the US return to full employment, but the effect wore off by Friday's end
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Wall Street recedes after disappointing joblessness data, down day for tech
For the week ended February 13, 861,000 American filed for unemployment benefits, up 13,000 on the prior week’s figure and well above the 765,000 predicted by analysts
GameStop investor and YouTuber Roaring Kitty hit with class-action lawsuit
Alongside Roaring Kitty, today’s US House of Representatives hearing will also see testimony from a number of other key figures in the GameStop saga
Robinhood competitor Public.com valued at US$1.2bn amid retail investing surge
Public.com, which sets out to open the stock market to everyone regardless of their background, counts 1mln members
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Reddit’s wallstreetbets and the language of ‘meme stocks’
The forum behind the GameStop trading frenzy has introduced the financial world to a litany of terms that characterise the trading habits of its 9mln 'Degenerates'
Reddit, Robinhood and Roaring Kitty prepare to face Congress in GameStop Corp hearing
The hearing before the Financial Services Committee of the US House of Representatives will begin on Thursday and also feature the CEOs of several major hedge funds including Melvin Capital, a short-seller that suffered heavy losses after s
Robinhood hit with lawsuit over user suicide
The parents of Alex Kearns, who took his own life in June last year, have accused the trading app of wrongful death, negligent infliction of emotional distress and unfair business practices
GameStop shares jump again following post-frenzy plunge
Shares in the video game retailer climbed by 40% in mid-morning trading in New York on Friday, however, they were still well off their US$347 peak reached during the height of the retail trading furore last week
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Wall Street follows worst week since October with best week since November
Traders may have priced in optimism about impending stimulus spending after Democrats passed a budget resolution Friday morning
GameStop and AMC shares plummet as Robinhood removes restrictions, regulators eye trades
Some had expected the lifting of restrictions to provide a boost for these popular 'meme shares'
Short-seller Hindenburg turns up the heat on GameStop frenzy backer Chamath Palihapitiya
On Thursday, the firm published a list of allegations against insurance firm Clover Health, in which Palihapitiya owns a 27% stake
GameStop shares hold steady as regulators meet to discuss Reddit stock rally
The US trading and securities regulator is reportedly looking at thousands of posts on Reddit and other social media platforms for signs of potential fraud
GameStop: US regulators to examine 'integrity of markets' and Reddit’s WallStreetBets
“This isn’t market manipulation – you’re allowed to encourage other people to buy a stock,” said one market analyst, while another said it was a classic "pump and dump"
GameStop stock halves again but billionaire Mark Cuban calls for 'diamond hands'
“If you can afford to hold the stock, you hold. I don’t own it, but that’s what I would do," the billionaire said
Stock trading apps see surge in new users amid GameStop rush but Robinhood left behind after share purchase ban
Download data shows that retail investors migrated from one app to another after they prevented them from buying shares in certain stocks, such as GameStop or AMC Entertainment
GameStop: Fund manager defends short-sellers as trading surge continues
"The idea of a peasants revolt by retail investors against hedge fund suits is flawed"
GameStop’s Reddit-inspired trading frenzy set for resurgence as Robinhood and other trading apps lift buying ban
Shares in the video game retailer were up around 70% in pre-market trading in New York on Friday, yet again on the back of no news from the company itself
Whack-a-mole against Gamestop platforms could become that much harder for institutions once disgruntled investors get new stimulus money
Gamestop shares have surged since a popular reddit group got behind them
‘Reddit stock-buying insurgency triggers hedge fund de-grossing’ : but what does that even mean?
Gamestop, Reddit and de-grossing were three words bandied about a lot this past week, some mainstream investors may have been familiar with at least one of those words previously - here we'll take a closer look at 'de-grossing'.