Tagged: gamestop

Gamestop Short Sellers Losing Billions: Report

On January 26th, S3 Partners reported that GameStop (NYSE:GME) short-sellers were down around $5 billion. In just a few days, that amount may have grown a bit larger. According to the blog post by S3: “GME short interest is $5.51 billion; 71.79 million shares shorted;… Read More

Robinhood Allows Users to Trade in GameStop, Shares Rise While Chattering Class Points Fingers

Robinhood CEO and founder Vlad Tenev visited with CNBC last night professing that actions taken to mitigate trading in GameStop (NYSE:GME) was to protect Robinhood as well as its users. Tenev’s decision to shut down purchases of GME was joined by outrage, not just by… Read More

As Criticism of Robinhood Rises, Investment Platform Says it Will Allow “Limited” Buys of Volatile Securities Like GameStop

Robinhood is retreating a bit in its decision to curtail trading in shares of GameStop and other securities like AMC Entertainment that have been the focus of traders communicating on Reddit. The investment Fintech has just announced it will allow limited buys in these volatile… Read More

Never Waste a Crisis: Incoming Chairman of Senate Banking Committee to Hold Hearing on GameStop – Reddit Phenomenon

  Senator Sherrod Brown, the incoming Chairman of the Senate Banking Committee, will be holding a hearing on the GameStop – Reddit phenomenon, according to a tweet. Senator Brown said it was time for the SEC and Congress to make the economy work for everyone… Read More

Robinhood Got You Down? Digital Asset Exchange Bittrex Lists GME and AMC Tokens for Trading

As was previously reported, Robinhood has restricted trading on Gamestop (NYSE:GME), AMC Entertainment (NYSE:AMC), and other securities being targeted by Reddit traders. The move was designed to quell the excessive volatility and rapid price rise in shares that have been targeted by hedge funds with… Read More

Robinhood Restricts Trading in GME, AMC and More as Traders Drive Volatility, Hedgies Lose Out

Robinhood, a top investment platform for the next generation, has restricted trading certain shares of firms that have been targeted by trading forums on Reddit. Members of certain forums like Wallstreetbets, with 4.5 million members, have targeted listed firms that are highly shorted by hedge… Read More

Crazy Town: GameStop Rockets Higher, Pundits Blame Reddit, Short Sellers Close Out

A week ago, GameStop (NYSE:GME) was trading at around $37/share. Today, GameStop is trading at around $277  $334 a share – jumping by over 80%  120% today alone. If you thought the ICO rave was crazy, think again. More mundane traditionally regulated markets may be… Read More

Buy Now Pay Later Provider Klarna Forms New Partnership With GameStop

  Payment processing platform Klarna announced on Monday it has formed a new partnership with video game retailer, GameStop.  This news comes just days after Klarna announced its partnership with Etsy. While sharing details about the partnership,  David Sykes, Head of U.S. at Klarna, stated: “Recognizing… Read More

Backers of Failed Kickstarter Yogventures Are Set To Receive EverQuest Next Landmark for Free

Yogventures backers, rejoice! Your patience is finally being paid off. According to GameStop, the makers of the failed video game have finally reached an agreement that will make everyone that supported the game super happy. According to the video game shop, along with the free codes they… Read More

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