No End to Whiplash in Meme Stocks, Crypto and More

With the pandemic starting to ease in the United States, many had expected a year of wild investments to slow. It hasn’t. Yet.

#amc-entertainment-holding-inc, #bitcoin-currency, #computers-and-the-internet, #dogecoin-project, #finances, #musk-elon, #nonfungible-tokens-nfts, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #social-media, #special-purpose-acquisition-companies-spac, #stocks-and-bonds, #virtual-currency

Who Wins in a Meme Stock World?

Jannick Malling, Public’s co-C.E.O., weighs the risks and rewards of the retail trading boom.

#gamestop-corporation, #malling-jannick, #mobile-applications, #robinhood-financial-llc, #stocks-and-bonds, #twitter

S.E.C. Chair Gensler Emphasizes Transparency in Markets

In a hearing focused on the frenzied trading of GameStop stock, the new S.E.C. chairman suggests more disclosure is needed.

#archegos-capital-management-llc, #banking-and-financial-institutions, #gamestop-corporation, #gensler-gary-s, #house-committee-on-financial-services, #house-financial-services-committee, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #securities-and-commodities-violations, #securities-and-exchange-commission, #stocks-and-bonds

The Start-Up Enemies of Wall Street Are Booming

Times are flush for young tech companies like Stripe and Coinbase, which are having a moment as they upend the financial establishment.

#affirm-inc, #banking-and-financial-institutions, #brex-inc, #coinbase-inc, #computers-and-the-internet, #coronavirus-2019-ncov, #e-commerce, #initial-public-offerings, #mobile-applications, #mobile-commerce-and-payments, #robinhood-financial-llc, #start-ups, #stripe-inc, #venture-capital

Payments Start-Up Stripe Surges to $95 Billion Valuation

The company has benefited in the pandemic as people turn to online shopping. It is now the most valuable start-up in the U.S.

#airbnb, #coinbase-inc, #coronavirus-2019-ncov, #dublin-ireland, #e-commerce, #robinhood-financial-llc, #sequoia-capital, #start-ups, #stripe-inc, #venture-capital

From Crypto Art to Trading Cards, Investment Manias Abound

Each market frenzy seems crazier than the last. But all have the same roots.

#art, #bitcoin-currency, #coinbase-inc, #collectors-and-collections, #computers-and-the-internet, #interest-rates, #mergers-acquisitions-and-divestitures, #nonfungible-tokens-nfts, #quarantine-life-and-culture, #robinhood-financial-llc, #shoes-and-boots, #sneakers, #stocks-and-bonds, #stockx, #trading-cards, #virtual-currency

The Boredom Economy

The pandemic is terrible. It can also be tedious. And that tedium is shaping what people buy and how productive they are.

#boredom, #gamestop-corporation, #robinhood-financial-llc, #shopping-and-retail, #united-states-economy

In GameStop Saga, Robinhood Is Cast as the Villain

Lawmakers at a congressional hearing kept coming back to the chief of the stock-trading app with pointed questions and a key argument: “Something very wrong happened here.”

#banking-and-financial-institutions, #citadel-investment-group, #computer-and-video-games, #gamestop-corporation, #house-financial-services-committee, #house-of-representatives, #melvin-capital-management-lp, #robinhood-financial-llc, #stocks-and-bonds, #tenev-vladimir, #united-states-politics-and-government, #waters-maxine

Citigroup’s $900 Million Defeat

Citi committed “one of the biggest blunders in banking history,” a federal judge says.

#banking-and-financial-institutions, #carlyle-group-lp, #citadel-investment-group, #citigroup-inc, #corporate-social-responsibility, #greenhouse-gas-emissions, #robinhood-financial-llc

Reddit’s ‘Roaring Kitty’ Will Speak at GameStop Hearing

The trader who pumped up the stock on the internet will appear next week with the leaders of the Robinhood app and hedge funds that lost big during the frenzy.

#citadel-investment-group, #gamestop-corporation, #gill-keith-1986, #hedge-funds, #house-committee-on-financial-services, #huffman-steve-1983, #melvin-capital-management-lp, #reddit-inc, #robinhood-financial-llc, #short-selling, #tenev-vladimir

Robinhood’s C.E.O., Vlad Tenev, Is in the Hot Seat

Vlad Tenev has incited the fury of the trading app’s fans amid a stock market frenzy. His lack of preparedness on nuts-and-bolts issues was part of a pattern, former employees and analysts said.

#banking-and-financial-institutions, #bhatt-baiju, #computer-and-video-games, #computers-and-the-internet, #customer-relations, #financial-brokers, #gamestop-corporation, #millennial-generation, #mobile-applications, #robinhood-financial-llc, #social-media, #start-ups, #stocks-and-bonds, #tenev-vladimir

Here’s Six Ideas to Fix the Market

Six ideas for making the markets more fair and trustworthy.

#financial-brokers, #gamestop-corporation, #robinhood-financial-llc, #stocks-and-bonds

Why Tackling Gamestop’s Wild Stock Rise Will be a Challenge for Gensler

There is broad agreement that the capital markets have been distorted but less consensus on what, if anything, the S.E.C. should do about it.

#banking-and-financial-institutions, #commodity-futures-trading-commission, #futures-and-options-trading, #gamestop-corporation, #gensler-gary-s, #hedge-funds, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #securities-and-exchange-commission, #stocks-and-bonds

Gensler Faces Big Challenge in Tackling GameStop’s Wild Ride

There is broad agreement that the capital markets have been distorted but less consensus on what, if anything, the S.E.C. should do about it.

#banking-and-financial-institutions, #commodity-futures-trading-commission, #content-type-service, #futures-and-options-trading, #gamestop-corporation, #gensler-gary-s, #hedge-funds, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #securities-and-exchange-commission, #stocks-and-bonds

Lawmakers Look at GameStop Furor and See a Populist Issue to Seize

Ted Cruz. Alexandria Ocasio-Cortez. The rush by both parties to side with young traders disrupting the markets reflects the broad recognition of the impulses driving American politics.

#banking-and-financial-institutions, #cruz-ted, #democratic-party, #fortenberry-jeffrey-l-1960, #gamestop-corporation, #gingrich-newt, #khanna-ro, #ocasio-cortez-alexandria, #politics-and-government, #reddit-inc, #regulation-and-deregulation-of-industry, #republican-party, #robinhood-financial-llc, #united-states-economy, #united-states-politics-and-government

You Made Money on GameStop. Here’s What You Need to Know About Taxes.

Some investors may have notched tens of thousands of dollars in profits. Depending on when they sell the stock, they may owe hefty capital gains taxes.

#capital-gains-tax, #federal-taxes-us, #gamestop-corporation, #income-tax, #personal-finances, #robinhood-financial-llc, #stocks-and-bonds, #tax-preparers-and-preparation

The Silicon Valley Start-Up That Caused Wall Street Chaos

Robinhood pitched itself to investors as the antithesis of Wall Street. It didn’t say that it also entirely relies on Wall Street. This past week, the two realities collided.

#banking-and-financial-institutions, #charles-schwab-corporation, #e-trade-financial-corporation, #fidelity-investments, #financial-brokers, #futures-and-options-trading, #gamestop-corporation, #jpmorgan-chasecompany, #mobile-applications, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #securities-and-exchange-commission, #silicon-valley-calif, #stocks-and-bonds, #td-ameritrade-holding-corp, #venture-capital

The Stock Traders of Reddit and TikTok

They are young, they are fearless and they are forcing everyone to pay attention.

#financial-brokers, #gamestop-corporation, #generation-z, #reddit-inc, #robinhood-financial-llc, #social-media, #stocks-and-bonds

Robinhood Faces a Cash Drain and Angry Customers

The online broker raised $1 billion to prop itself up. Overcoming customer anger may be harder.

#american-airlines, #corporate-social-responsibility, #depository-trust-and-clearing-corporation, #facebook-inc, #financial-brokers, #gamestop-corporation, #oversight-board-facebook, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #social-media, #world-economic-forum

The ‘Roaring Kitty’ Rally: How a Reddit User and His Friends Roiled the Markets

A Massachusetts man who goes by “Roaring Kitty” on social media helped fuel the frenzy around GameStop. His $53,000 investment in the company briefly reached $48 million in value.

#computer-and-video-games, #computers-and-the-internet, #gamestop-corporation, #hedge-funds, #reddit-inc, #robinhood-financial-llc, #short-selling, #social-media, #stocks-and-bonds, #video-recordings-downloads-and-streaming

Robinhood, in Need of Cash, Raises $1 Billion From Its Investors

The no-fee trading app, which is popular with young investors, has been strained by the high volume of trading this week in stocks such as GameStop.

#computers-and-the-internet, #hedge-funds, #initial-public-offerings, #mobile-applications, #robinhood-financial-llc, #start-ups, #stocks-and-bonds, #venture-capital

GameStop Rally Stalls as Robinhood and Others Set Limits

Small investors accused one trading platform of being “dishonest” and “pandering to the elite” as new restrictions on some stock trades spurred a calmer day in the markets.

#banking-and-financial-institutions, #computers-and-the-internet, #financial-brokers, #gamestop-corporation, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #stocks-and-bonds

The GameStop Reckoning Was a Long Time Coming

This week, gleeful online hordes turned the stock market upside down. This shouldn’t come as a surprise.

#banking-and-financial-institutions, #computers-and-the-internet, #demonstrations-protests-and-riots, #financial-brokers, #gamestop-corporation, #reddit-inc, #robinhood-financial-llc, #stocks-and-bonds

Market Edges Toward Euphoria, Despite Pandemic’s Toll

Investors of all stripes piled into stocks this year, creating levels of froth reminiscent of the dot-com boom. Analysts say there’s room to go higher, but some worry about a bubble.

#airbnb, #coronavirus-2019-ncov, #doordash-mobile-app, #etsy-inc, #federal-reserve-system, #initial-public-offerings, #palantir-technologies, #robinhood-financial-llc, #standardpoors-500-stock-index, #stimulus-economic, #stocks-and-bonds

Robinhood’s 2020 Recaps Are a Meme for a Volatile Year

And you thought your Spotify Wrapped was a bummer.

#mobile-applications, #robinhood-financial-llc, #stocks-and-bonds

Robinhood Settles S.E.C. Charges Over Misleading Customers

Millions of investors have turned to Robinhood in recent years, lured by a sales pitch of no trading fees. The charges announced on Thursday apply to Robinhood’s disclosures from 2015 to late 2018, the regulator said.

#customer-relations, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #securities-and-commodities-violations, #securities-and-exchange-commission, #stocks-and-bonds

Teen Stock Trading Seems Dangerous. It Doesn’t Have to Be.

Gunslinging young investors are making stock ownership seem like a terrible idea for novices. But owning equities, with limits and guardrails, can teach kids plenty.

#children-and-childhood, #content-type-service, #personal-finances, #robinhood-financial-llc, #stocks-and-bonds

Rethink Impact’s Latest V.C. Fund Beats Expectations

Rethink Impact invests solely in tech start-ups founded by women, which accounted for just 4 percent of all venture deals in the first quarter.

#birth-control-and-family-planning, #dogecoin-project, #education-k-12, #entrepreneurship, #robinhood-financial-llc, #supreme-court-us, #venture-capital

Robinhood Has Lured Young Traders, Sometimes With Devastating Results

Its users buy and sell the riskiest financial products and do so more frequently than customers at other retail brokerage firms, but their inexperience can lead to staggering losses.

#banking-and-financial-institutions, #bhatt-baiju, #financial-brokers, #high-frequency-and-flash-trading, #mobile-applications, #robinhood-financial-llc, #stocks-and-bonds, #tenev-vladimir

A Suicide, an App and a Time for a Reckoning

Companies like the stock-trading app Robinhood can seem not just careless but also predatory.

#customer-relations, #gambling, #robinhood-financial-llc, #sequoia-capital, #start-ups, #stocks-and-bonds, #suicides-and-suicide-attempts

Trading Sportsbooks for Brokerages, Bored Bettors Wager on Stocks

When Russian table tennis or Korean baseball won’t scratch the itch, some are trying their hand at trading equities. It’s enough to move the market, analysts say.

#barstool-sports-inc, #coronavirus-2019-ncov, #draftkings-inc, #gambling, #portnoy-dave-1977, #robinhood-financial-llc, #standardpoors-500-stock-index, #stocks-and-bonds