Viral Reddit Post From ‘Robinhood Insider’ Claims White House Pressured Broker to Block Buying of GameStop Shares

A post claiming to be from a Robinhood employee that has gone viral on Reddit alleges that the White House put pressure on the broker to halt buying of GameStop shares. Retail traders were left fuming earlier today when Robinhood and other trading platforms curbed buying of stocks that the Reddit community WallStreetBets has targeted in its bid to bankrupt hedge funds. Many saw this as a blatantly corrupt, and Continue Reading

Revenge: An Internet Mob Is Turning The Stock Market Into “A Video Game”, And The Establishment Is Freaking Out

Retail investors have banded together to turn over the tables on Wall Street, and it has created a wild frenzy that is making headlines all over the globe.  Unprecedented short squeezes have pushed the share prices of GameStop, AMC, Macy’s and BlackBerry to insane heights, and prominent voices in the financial world are complaining that trading in those stocks has become completely divorced from the fundamentals.  In fact, these young Continue Reading

Mega-investors punished with $70 BILLION LOSSES as GameStop and other shorted firms see stock surge – data analysts

Short-selling investors lost a staggering $70.8 billion this month, according to financial data analytics firm Ortex. Their losses were partly driven by small traders pumping money into stocks like GameStop. Short-sellers lost $70.87 billion on US companies this year so far, according to analysis from Ortex reported by Reuters on Thursday. To put the loss in perspective, $70.87 billion is half a billion dollars more than the GDP of Slovenia, Continue Reading

In Spotify, music listens to you: streaming platform wins patent to surveil users’ emotions to recommend music

Streaming music platform Spotify has won a patent enabling it to snoop on users’ speech and even background noise in order to gauge emotional state and location type to serve up the appropriate soundtrack. Not creepy at all! Spotify has received a patent that will allow it to use speech recognition and sound analysis to assess a user’s demographic attributes, determine their emotional state, and even glean insight into their Continue Reading

Robinhood Faces Class-Action Lawsuit, Accusations of Forcibly Selling Users’ Stock Portfolios

The no-fee trading app Robinhood was forced to pay a $65 million fine last month for misleading users as to the cost of trading stocks on its platform. With its most recent move to block certain trades in a volatile market, critics accuse it of sacrificing its mission to “democratize” trading to defend the wealth of Wall Street hedge fund managers. Users of the no-fee stock trading app Robinhood have Continue Reading

Doctor Tells NBC: Americans Should Consider Wearing Four Face-Masks

Doctor Scott Segal told NBC News that Americans should consider wearing FOUR face masks if they want the most effective protection against spreading COVID-19. Yes, really. As we highlighted yesterday, Dr. Fauci advised Americans to begin wearing two masks, saying that it “makes common sense” for more than one layer to be more effective. However, Fauci was outdone by researchers at Virginia Tech, who said that two face masks only Continue Reading

“This Fair Share Is a Bullsh*t Concept” – Hedge Fund Billionaire Shows His Ass on Live TV – Blames Poor People for Stock Market Mess

Billionaire hedge fund manager Leon Cooperman joined CNBC this morning and knew exactly who to blame. The poor people! Leon Cooperman: “The reason the market is doing what it’s doing is people are sitting at home getting their checks from the government. This ‘fair share’ is a bullshit concept and is just a way to attack wealthy people.” Listening to irate New York hedge fund billionaire Leon Cooperman on CNBC Continue Reading

Robinhood Forced To Draw-Down Credit Lines Amid Trading Ban, Bloomberg Reports

Summary of today’s trading chaos: Robinhood Draws Down On Credit Lines With Banks.  Citadel Securities Denies It Influenced Robhinhood In Restricting Stock Trading In GME. Robinhood Releases Statement Saying Stock Trading In GME Restarts Friday.  Robinhood Users Complain Their GME Positions Are Being Sold Without Notice.  Elon Musk Agreed With Congresswoman AOC For Investigation In Robinhood Banning Users From Trading GME. Barstool’s David Portnoy Starts Twitter Spat With Citadel Point72’s Steve Cohen. User Continue Reading