Items tagged with robinhood
A couple of weeks ago a hacker managed to infiltrate Robinhood's network and access email addresses and full names for millions of customers. The person who is purportedly responsible has now listed the stolen data for sale on a popular underground forum where they are seeking a payday of at least five figures...
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A little over a week after Robinhood first began limiting trading for shares of GameStop (NYSE: GME), the company has now reversed its decision. Robinhood's initial move drew considerable backlash from the very same everyday investors that it claimed to support, and has even drawn negative attention from lawmakers and...
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If you want to see an example of a popular company throwing away years of goodwill with its customers over a short span of time, look no further than Robinhood. The company says that it's on a mission to democratize finance for its users, but its recent actions flew in the face of those claims.
Robinhood has just...
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The popular online stock trading app Robinhood is back down to a dismal one-star user rating in Google Play, as the platform continues to draw heavy criticism after it limited the ability to trade certain stocks following a surge in activity driven by the WallStreetsBets subreddit. And this time around, Google will...
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Given the dramatic rise in share prices for so-called "meme stocks" like GameStop (NYSE: GME) and AMC Theaters (NYSE: AMC), there has been a flurry of activity from an influx of everyday traders. Spearheaded by the so-called "degenerates" from the WallStreetBets subreddit, GME has soared over 1,000 percent in value as...
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In the last week, the GameStop fiasco has expanded to several other stocks and now cryptocurrencies. The whole event is becoming something of a meme, which has angered some people higher up the chain. Some companies, such as the now-infamous Robinhood, began to lock down what stocks and cryptocurrencies investors...
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Last week was a crazy one for seemingly down and out companies that have been severely impacted by the COVID-19 pandemic. We're of course talking about GameStop, and to a lesser extent companies like AMC Theaters and BlackBerry. It's a long story, and we highly suggest that you catch-up on our previous coverage, if...
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As the WallStreetBets fiasco heated up yesterday, Robinhood and other companies were restricting free trade of GameStop and AMC stocks under the guise of “helping users.” Since then, people have been outraged, enough so to initiate class-action lawsuits against the stock-trading app. Individual users are also now...
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Earlier today, we reported that Robinhood and TD Ameritrade were restricting trading for a rash of stocks including GameStop and AMC. At the time, Robinhood said that it was making the decision to help its users stay informed in its efforts to democratize access to financial institutions.
"We continuously monitor...
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Is the party coming to the end for the "little guys" that banded together to take on some of the biggest hedge funds on Wall Street? Earlier this week, we reported on the meteoric rise of GameStop shares (NYSE:GME), which has been fueled by "degenerates" -- a title that the group has coined for themselves -- over at...
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