(Bloomberg) — Robinhood Markets Inc.’s free fall has stopped, at least for now. After losing more than two-third of its value since the company’s initial public offering, the stock erased early declines Friday, a day after reporting fourth-results that missed Wall Street estimates. The shares rose 52 cents to $12.13 at 12:54 p.m. in New […]
Read MoreLess than a week into the new year, a 27-year-old truck driver from Connecticut might have given Robinhood HOOD a whole new thing to be worried about in 2022. On January 6, an arbitrator for the Financial Industry Regulatory Authority ruled that the zero-commission trading platform was liable for $29,460.77 in compensatory damages to Jose […]
Read MoreRetirees and near-retirees have every reason to gloat over the stunning losses that meme stocks have suffered in recent weeks. That’s because earlier this year, when meme stocks were all the rage, the graybeards were dismissed as irrelevant has-beens. They just didn’t “get” the meme stock phenomenon; their concerns about earnings and balance sheets were […]
Read More(Bloomberg) — It took approximately zero seconds for Reddit users to dissect the social media platform’s short announcement on Wednesday that it had filed for a confidential initial public offering. On WallStreetBets, the subreddit responsible for igniting this year’s meme stock craze, the pile-ons were plentiful, the profanity more so. Many members worried that a […]
Read MoreWallStreetBets posters are buzzing about these eight Reddit stocks. Reddit has become an unlikely hub for stock trading in 2021. Groups of online retail traders have successfully orchestrated targeted buying campaigns in some of the market’s most shorted stocks, generating massive short squeezes in so-called “meme” stocks. Some of Reddit’s favorite meme stocks have skyrocketed […]
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