Commentary In the aftermath of the disgraceful Jan. 6 riot at the U.S. Capitol, the American ruling class has flexed its muscles like never before. Big Tech oligarchs moved in unison to kneecap upstart Parler, a would-be Twitter competitor, and ban former President Donald Trump and scores of other conservatives. Simon & Schuster, one of…
Texas AG Issues Demands to Robinhood, Citadel, After Allegedly ‘Rigging’ the Market
Texas Attorney General Ken Paxton on Friday announced his office will investigate trading platforms after they restricted access to purchases of certain stocks like GameSpot on Thursday. “Today I’m launching an investigation into [trading platform Robinhood] and hedge funds who rigged our free [market] for the benefit of Wall St elites,” Paxton, a Republican, wrote in…
NTD Business Full Broadcast (Jan. 29)
Small investors are not happy after Robinhood halted trading of GameStop and some other stocks. NTD asks Lance Roberts why they are pushing back so hard. The SEC says it will look into the trading saga. Is there some kind of flaw in the market? NTD talks to an experienced trader to figure it out. Texas…
Google Deletes Over 100,000 1-Star Reviews, Restores Robinhood’s App Rating
Google Play store has removed at least 100,000 negative user reviews targeting Robinhood, the stock trading platform caught in the center of the GameStop trading frenzy. Robinhood’s rating on Google Play had dropped from four stars out of five on Wednesday to just one star on Thursday. It had bounced back to four stars at…
NTD News Today Full Broadcast (Jan. 29)
Senate Minority Leader Mitch McConnell (R-Ky.) gives a scathing review of President Biden’s energy policies. The Maricopa County Board of Supervisors approves a forensic audit of the county’s election equipment. And small investors push back against the online trading platform Robinhood, saying it manipulated the market in favor of hedge funds—but Robinhood’s CEO says that’s…
New York Attorney General’s Office ‘Actively Reviewing’ Robinhood App Activity and Trading of GameStop Stock
New York Attorney General Letitia James’s office is “actively reviewing” activity related to the Robinhood application and the trading of GameStop stock.
Video: What’s Happening With the Gamestop Shares—Interview With Charles Mizrahi
The conflict around the Gamestop stock started with hedge funds shorting a stock, then into retail traders investing which overturned the actions of the hedge funds. This led to an SEC investigation into the retail traders, and a flurry of news articles and social media posts. The conflict later led to investment app Robinhood blocking…
The Larger Impact of the GameStop Investor Wars
Commentary Investors and observers alike have been watching the incredible price movement and volatility escalation of the retail gaming company GameStop (GME). On Jan. 11, the stock closed just under $20 per share. On Jan. 28, it traded as high as $450 per share intraday and closed at $193.60. The stock is currently trading around…
Facebook Shuts Popular Stock Trading Group Amid GameStop Frenzy
Facebook Inc took down a popular Wall Street discussion group, Robinhood Stock Traders, in a move that its founder on Thursday described as backlash for conversations buoying shares of GameStop Corp and other companies this week. GameStop, AMC Entertainment Holdings Inc and BlackBerry have been at the center of a market battle as individual investors…
Small Investors Push Against Platforms’ Ban on GameStop Stock Buys
Small stock investors are fighting against broker platforms that have banned retail investors from buying certain stocks, including those of Gamestop (ticker: GME), which has been used by many small investors as a vehicle to force a short squeeze on hedge funds that aggressively shorted the video game retailer’s stock. The investors are accusing online…
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