Tag Archives: stock market

GameStop shares fell Monday after a report that the company is looking to increase the value of new stock it may sell from $1 million to $1 billion. According to Reuters’ report, GameStop Corp. shares fell 13.9 percent on Monday, after the SEC filing was made public. Earlier this year, GameStop experienced …

Executive Vice President and Chief Financial Officer of GameStop, Jim Bell, resigns from his role on March 26. His resignation comes after the rise and fall of GameStop’s stock. “The company thanks Mr. Bell for his significant contributions and leadership, including his efforts over the past year during the COVID-19 …

In a filing with the Securities and Exchange Commission, Tesla announced that it bought $1.5 billion in Bitcoin. The company plans to accept the currency as a payment method for its product, making it the first automaker to do so. After the announcement, Bitcoin shares rose 15%, and Tesla shares …

As the prices of two well known digital coins spiked, Robinhood moved to ban users from hastily buying cryptocurrencies on Friday. Robinhood said it had temporarily disabled “Instant Deposits” for purchases of cryptocurrencies in a post on its website. That means that once the deposit clears, which may take up …

Elon Musk is standing by Rep. Alexandria Ocasio-Cortez’s stance against the stock trading app Robinhood. Ocasio-Cortez has asked for a House Financial Services Committee hearing regarding the app’s decision to stop trading GameStop stock, a decision that angered investors.  “This is unacceptable,” Ocasio-Cortez tweeted after the news of the halted …

An Illinois man is alleging that his funds are depleting after investing in Blackberry shares due to Robinhood blocking stock trading, and he believes it’s to protect “Wall Street hedge fund bros.” Richard Joseph Gatz is going after the financial services firm after they restricted people from purchasing shares from …

The Robinhood online trading platform is moving to block trading in some stocks that have recently soared due to smaller investors’ aggressive purchases. As a voluntary army of investors on social media challenged large institutions that had placed market bets that the stock would fall, GameStop stock rose from below …

Yesterday Twitter was in an uproar about the stock market and the Robinhood Investing app after they blocked users from purchasing certain shares. A rep for Robinhood announced, “In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AAL, $AMC, $BB, $BBY, $CTRM, …