stonks
'We Should Stay Far Far Away From This': Robinhood Said of GameStop After Elon Musk Tweeted 'Stonks'
A Congressional report criticizes Robinhood for "troubling business practices, inadequate risk management, and a culture that prioritized rapid growth."
Bed Bath & Beyond Is a Hot Meme Stock After GameStop Chairman Reveals Stake
The company's shares jumped 61 percent when markets opened on Monday.
The ‘To the Moon’ Crash Is Coming
A longtime venture capitalist sees the religious dedication to Elon Musk, hype, and YOLO investing as almost a dot com-style pyramid scheme in the making.
Why Are Electric Vehicle Companies Worth So Much Money?
Two EV startups, Rivian and Lucid, have made a few hundred cars and are billions of dollars in debt. They’re also worth more than almost every other car company.
'Watch 'Em Burn': WallStreetBets Rejoiced As Robinhood's IPO Tanked
As the company's stock flounders, online retail traders rejoice and exchange memes in celebration.
Nasdaq Chief Economist Cheerily Explains How the Stock Market Is Not Normal
In a series of posts aimed at summer interns, Nasdaq chief economist Phil Mackintosh gives a revealing overview of why things are so messed up.
The SEC Is Investigating Major Tech Investor Softbank
A response to a Freedom of Information request about Softbank's trading activity has revealed that the Uber and Wework investor is under investigation.
What Are SPACs, the Trend Blowing Up the Finance World?
Empty-shell companies have raised tens of billions of dollars this year so far, and everyone from Colin Kaepernick to SoftBank is getting in on it.
People Have Spent Over $1 Million on a Literal Marketplace of Ideas
Ideamarket is a stock market for popular Twitter accounts like Elon Musk and Joe Rogan, and it makes about as much sense as the actual stock market.
Robinhood’s Customers Are Hedge Funds Like Citadel. Its Users Are the Product.
The Wallstreetbets subreddit are furious after Robinhood stopped allowing trading on GameStop. Here’s how the “commission free” investing app makes money.
Some People Are Getting Rich Off GameStop, Others Just Want to Pay Their Debt
Credit card debt. A telescope. Medical debt. A down payment on a house for your parents.
Robinhood Stops Users From Trading GameStop Stocks, Other Reddit YOLO Picks
With the market in chaos, even Robinhood has now turned on retail investors pumping dark-horse stocks.