The company’s shareholders, however, stuck with it. Within a week, it raised two rounds of emergency funding totaling $4.4 billion to meet lending requirements for stock trades and to continue making trades. That funding resulted […]
Last February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns. “They were all like, you’re crazy,” he said. “It’s a joke coin. It’s a meme. It’s going to […]
The moderators of the Reddit message board WallStreetBets battled over movie deals after their sudden fame with the GameStop mania. Source
Vlad Tenev has incited the fury of the trading app’s fans amid a stock market frenzy. His lack of preparedness on nuts-and-bolts issues was part of a pattern, former employees and analysts said. Source
Mr. Cohen argued that GameStop could thrive by cutting real estate costs and making the company’s online offering more attractive. It would have “competitive pricing, broad gaming selection, fast shipping and a truly high-touch experience […]
The online trading app Robinhood became a cultural phenomenon and a Silicon Valley darling with a promise to wrest the stock market away from Wall Street’s traditional gatekeepers and “let the people trade” — making […]
“All of a sudden, I heard ‘ding, ding, ding, ding, ding,’” Ms. Carr, 31, referring to the stock alerts, said in an interview on Friday. “I grabbed my phone, and I was looking at it, […]
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