Items tagged with (nyse:amc)
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 aired its upcoming Super Bowl commercial, entitled "We are all investors." In it, the company champions the everyman; the very people that it has always catered to and embraced during its 7 years of existence. After all, the company's mission statement reads, "At Robinhood, we believe the financial system should be built to work for everyone. That’s why we create products...
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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 could buy, much to the ire of the internet and WallStreetBets. As Robinhood has fallen from grace, consumers are now looking for new platforms to buy stocks and cryptocurrency, and we have compiled some options to help you along. Buy Dogecoin And Other Cryptocurrencies Binance And Binance.US We list Binance and Binance.US first because it seems to be one of the most fully-featured cryptocurrency-buying...
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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 the markets and make changes where necessary. In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AAL, $AMC, $BB, $BBBY, $CTRM, $EXPR, $GME, $KOSS, $NAKD, $NOK, $SNDL, $TR, and $TRVG," said Robinhood this morning. "We also raised margin requirements for certain securities." Now, the company is facing a couple...
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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 the WallStreetBets subreddit. They then moved on to push AMC Theaters (NYSE:AMC) and Nokia (NYSE:NOK) in a financial windstorm that has rocked Wall Street. However, there has been a lot of commotion raised about these degenerates and other everyday Americans that have joined in on this fascinating gold rush, as GME shot from $70 to $347 in a matter of days. This is a stock that...
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Yesterday, we reported on the subreddit /r/WallStreetBets that was effectively gaming the stock market and driving shares of GameStop stock to the moon. Today, it seems as though the crazy train just is not ending. The crowdsourced stock-mob has now driven (NYSE:GME) up approximately 129%, to around $350, at the time of publication. Who is behind the madness, and what is to come in the following days? The answer to the first part of the question is easy, the people behind the wildly growing reddit community, /r/WallStreetBets. They are a group of individual investors self-described as “degenerates,” but are now a crowdsourced stock-mob. Since the GME stock took off, Wall...
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