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A GameStop store in 2014. GameStop, an American chain of brick-and-mortar video game stores, had struggled in the years leading up to the short squeeze due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.
Robinhood Markets, Inc. (NASDAQ:HOOD) shares are trading slightly higher in the premarket session on Tuesday. The U.S. Securities and Exchange Commission (SEC) announced that Robinhood Securities ...
Robinhood's ride to fintech supremacy has been almost as volatile as the meme stocks that trade on its platform. Its IPO debut on July 28, 2021, ended with the stock down 8% to $34.82.
CIO Gabe Plotkin testified to the House Financial Services Committee about Melvin Capital's involvement in the GameStop short squeeze in 2021. Plotkin founded Melvin Capital, after leaving SAC in late 2014, naming the fund after his late grandfather who was a small-business owner. [1]
The parents of a young man who committed suicide last year after mistakenly believing he’d lost $730,000 on the trading app Robinhood are speaking out about their son’s failed attempts to ...
The event marked Gill's first live appearance on the channel since the investor helped ignite a meme stock rally in 2021 via his bullish videos and posts about the video game retailer.
GameStop stock tanked more than 18% Wednesday as a rally among meme names showed signs of fading.Shares of the video game retailer are coming off a two-day short squeeze. GameStop stock gained ...
Robinhood's lastest quarterly results showed that the company's revenue from options trading has continued to balloon as retail investors — or traders — embrace the derivative.