Category: Business
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A new lawsuit in federal court in Florida alleges that a top Robinhood executive sold his stock shortly before he limited buying in shares of some meme stocks: Robinhood Securities President and COO, James (Jim) Swartwout, who Tenev points to as making the ultimate call to PCO, says in an…
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On January 28, 2021, Robinhood cut off buying in shares of AMC Entertainment Holdings, Inc., GameStop Corp. and other popular stocks. This caused the shares to fall, infuriating investors. Just 3 days before, Robinhood CEO Vlad Tenev and top engineers knew the platform was under incredible stress. From an internal…
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Some unusual online behavior from major broker Citadel Securities recently: “Refuse to believe an American landed on the moon.” Does this sound like a normal PR department of a major company? Not remotely. With the hyperbole and mudslinging, Citadel Securities sounds like an online troll. The Financial Times notes that…
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+ Business+ AMC, Citadel, Finance, Gamestop, Hedge funds, Investing, Reddit, Stock Market, Stocks, Stonks, Tech, Wallstreetbets+
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The US West Coast wildfire season used to be 4 months long. Now it’s 8, running from May to January. 2.5 million acres of land have burned in California alone this year. But for desperate homeowners in fire prone regions, there may be hope. Several new technologies have been developed…
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One of my oldest friends just got his dream job! He’s found fulfillment, accomplishment, and a lot more money. But what should he do with it? Matt* wanted to know how he could set himself up for a strong financial future, now that he’s finally making good money. I find…
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+ Credit Card Debt, Debt, Finance, Investing, IRA, Money, Mutual funds, Personal finance, Stock Market, Stocks+
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Markets are hot. The S&P 500 sits near record highs. Venture capital funding is higher than ever before. As hot stocks rocket upward and the best venture deals move fast, a specter is haunting investors — the specter of FOMO. Fear of missing out has investors piling into the stocks…
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Throughout the year, shares in AMC Entertainment Holdings, Inc. have had huge fails to deliver. The most recent SEC data, just released today, is no exception. AMC fails to deliver were 39,976 times those of Amazon.com, Inc. Amazon, with a market cap of $1.7 trillion, is more than 85 times…
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I’ve got a fun one for you today: a German hamster is trading cryptocurrencies. And he’s blowing away the S&P 500: The livestreamed hamster, named Mr. Goxx, has been independently trading a portfolio of various cryptocurrencies since June 12, and so far its* performance has been impressive. As of Friday,…
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Markets are booming today, but just 18 months ago, things looked like this: Ouch. I lost about 22% of my portfolio in less than five weeks. It certainly made life interesting. Today, markets sit near all time highs and jobs go begging. It’s a far cry from the darkest days…
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You just went to a protest marking the anniversary of the Tiananmen Square massacre. You were scared, but you went. You wore a mask and took a winding route home. No one could have seen you. You arrive home to your Hong Kong apartment and decide to check your bank…
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Tremendous 