Gamestop stocks, Taliban takeover, Covid vaccines, and Olivia Rodrigo’s rise to fame, here are the Google searches that defined 2021 across the world.
The trading app that promised to democratise stock trade has offered its own shares to individual investors in a recent IPO.
The online trading app passed misleading information to users on whether they can trade on borrowed money, says US regulatory body Finra.
The shakeup of the top ranks in GameStop comes after Chewy founder Ryan Cohen was nominated as chairman of the board.
Unprecedented recent volatility, with shares in the GameStop video game store surging more than 400 percent, prompted calls for regulators to review the role of social media, hedge funds and trading platforms which some allege manipulated the market.
Wall Street’s mania over GameStop is back again as shares in the troubled video game company more than doubled to $91.71 apiece, the stock’s best day since January 27, when it was going for $347.51 a share.
One post on WallStreetBets told users that shares of pot producers Tilray Inc and Aphria Inc have more room to rise.
The move allows buying parts of shares, often to encourage participation from smaller investors by reducing the size of the amount they have to bet.
The online brokerage needed funding to sustain a surge in trading in GameStop and other talked-up stocks.
Transformative initiatives like the GameStop rally aim to claw back some of the power and wealth from the very top.
Silver prices surge to an eight-year high as small-time investors combine forces to take down Wall Street hedge funds using the stock of a troubled video-game store, GameStop.
Robinhood and other brokerages took steps to stop the buying frenzy surrounding firms such as GameStop but only sparked more volatility in the market, with angry customers and politicians arguing the curbs unfairly benefit bigger investors.
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