The GameStop episode has pushed hedge funds to book billions of dollars in losses. Reports suggest that following it, hedge funds have been moving money out of the market at the fastest rate since 2014.
Robinhood has recently been criticized for its action to halt the trading of some selected stocks and cryptocurrencies that are doing exemplary well in the market.
Several lawmakers have expressed dissent by Robinhood’s trading ban decision on Thursday stating that more stern regulatory measures are required in such a situation.
This would not be the first time Roblox is suspending its listing plan.
The recent dip in Facebook stock comes despite the company having reported better than anticipated earnings.
Visa dedicated a section of its earnings call to detail its plans for the cryptocurrency market niche.
The company had an earlier plan of pricing 50.4 million shares for $30, however, Qualtrics ended up selling 51.7 million at $41.85 per share under the ticker “XM”.
DogeCoin registers a massive rally making a momentary entry in the list of top-ten crypto by market cap toppling Litecoin (LTC) for a very short time. In a wild rally, the crypto price jumped vertically upwards registering 800% in just 24 hours.
In Q4 2020 MicroStrategy acquired about 32,220 Bitcoins at a gross purchase price of $700.0M with an average price of $21,726 per Bitcoin.
Robinhood revealed that the limited trading of previously restricted securities would be resumed on Friday.
GM stock investors enjoyed a profitable 2020 as the shares added approximately 52.86%
While the Tesla Model S retains the 12.3-inch digital gauge cluster in front of the driver, it has got a completely redesigned steering wheel.
GameStop (GME) has baffled Wall Street with its recent move as the investors from the Reddit community behind the price pump have forced big hedge funds to square off their short positions.
Faraday Future first unveiled its FF 91 130 kWh crossover vehicle at the beginning of 2017, during the US Consumer Electronics Show.
Nokia’s trading volume increased to 960.4 million shares, a significant spike over the full-day average of around 47.3 million shares.