Robinhood IPO faces threat of retail snub on Reddit
Online brokerage Robinhood Markets Inc, which helped enable the “meme stock” frenzy earlier this year and later attracted flak for its handling of the trading mania, is facing pushback on social media forums against its initial public offering.
As meme stock momentum fades, AMC, GameStop fall
Shares in so-called meme stocks with a following among retail investors lost ground on Wednesday, with AMC Entertainment (AMC.N) shares down 8.1%, on track for their fourth straight day of declines, and GameStop Corp (GME.N) falling 4.9%.
Robinhood reveals breakneck growth, legal pitfalls in IPO filing
Robinhood Markets Inc on Thursday set the stage for its hotly anticipated IPO as it revealed rapid growth in users of its trading app in a filing, while also flagging a swathe of investigations by prosecutors and regulators.
Boom, bust and bewildered: Bitcoin’s year so far
If you’re a bitcoin investor, your nerves may have taken quite a pounding in 2021
Fast and furious first half of 2021 keeps financial markets at full throttle
After the unprecedented pandemic-driven swings in global financial markets last year 2021 was never going to be dull, and so it has proved.
Alfi Inc shares set to fall from record highs, ‘meme stock’ Torchlight sinks
Shares of software firm Alfi Inc (ALF.O) fell 10% in early deals on Wednesday after more than doubling in value in the previous session, in a move evocative of the so-called “meme stock” frenzy that has gripped equity markets this year.
Alfi Inc shares more than double, other ‘meme stocks’ mixed
Shares of software firm Alfi Inc (ALF.O) finished up 108.8% on Tuesday, one of the latest companies that has seen its stock surge in a broader rally that has refocused attention on so-called meme stocks in recent weeks.
Nasdaq ends at record high as Big Tech companies roar back
The Nasdaq ended at a record high on Tuesday, lifted by Amazon, Microsoft and other top-shelf tech companies as investors shifted their focus to growth stocks.
‘Meme’ stock prices may not properly reflect demand -NYSE president
The prices of so-called meme stocks may be distorted because the majority of trades in those names are executed away from public exchanges where share price formation occurs, the head of the New York Stock Exchange said on Wednesday.
‘Meme stock’ rally pauses, Redditors focus on biotech stocks
Small-time stock traders turned their attention to the biotech and healthcare sectors on Monday, lifting shares of some by as much as 10%, while the rally in stocks that were favored in recent weeks appeared to fade.
