Trading

Robinhood’s in better shape than it looks

Illustration by Alex Castro / The Verge Never mind the House hearing, the company’s full steam ahead So here we are: about to have a hearing about GameStonk. Robinhood CEO Vlad Tenev is going to have to explain himself tomorrow. What happens next for Robinhood? Perhaps you recall last month, when GameStop stock shot up… Read more

What did we learn from the GameStop mess?

On this week’s Decoder, I sat down with CNBC anchor Jon Fortt to talk about GameStop, how the media covered it, what happens next for the market, and what — if anything — we learned from it all. We also talked about his new online course, The Black Experience in America. This transcript has been… Read more

CEOs of Reddit and Robinhood and ‘Roaring Kitty’ slated to testify in GameStop hearing

Reddit CEO Steve Huffman, Robinhood co-CEO Vlad Tenev, and Keith Gill (aka Roaring Kitty) are all on the witness list for an upcoming hearing before the House Financial Services Committee, according to a release from Chairwoman Maxine Waters (D-CA). The hearing, to be conducted virtually, will probe the recent volatility in shares of GameStop following… Read more

With 200K Sold in 3 Weeks, Raspberry Pi Pico is Selling Out. Here’s Where to Buy.

Home News (Image credit: Tom’s Hardware) While it’s not quite as hard-to-get as an RTX 3000 series graphics card or a Ryzen 5000 CPU, the $4 Raspberry Pi Pico is so popular that most U.S.-based retailers are currently out of stock, with units selling on eBay at 3x to 4x markups. According to Raspberry Pi… Read more

Biden to Address Chip Shortages, Semiconductor Supply Chains

Home News (Image credit: TSMC) Update: Clarified specifics pertaining to the industry letter. If you’re still disappointed at not being able to buy a Ryzen 5000 series chip yet, you’ve apparently got some friends in high places. President Biden is just as annoyed as you, according to a new statement from White House Press Secretary… Read more

GameStop surge reportedly under federal investigation for possible manipulation

Several US government agencies are investigating the GameStop stock brouhaha to determine whether there was market manipulation involved, The Wall Street Journal reported. An enthusiastic group of day traders on Reddit’s r/WallStreetBets board encouraged each other to buy the stock and created what’s known as a short squeeze. The Department of Justice and the San… Read more

Biden to Address Chip Shortage After Lobbying From Intel, AMD

Home News (Image credit: TSMC) If you’re still disappointed at not being able to buy a Ryzen 5000 series chip yet, you’ve apparently got some friends in high places. President Biden is just as annoyed as you, according to a new statement from White House Press Secretary Jen Psaki, and is working to bring the… Read more

Pokémon cards are selling so well the Pokémon Company is rushing to print more

Demand for Pokémon cards has been high the last few weeks as the series celebrates its 25th anniversary. To accommodate the high demand, The Pokémon Company announced today that it will be reprinting trading cards. The Pokémon Company released a statement on its support page that it is “aware that some fans are experiencing difficulties… Read more

Robinhood sued for wrongful death by family of 20-year-old who died by suicide

Last June, 20-year-old Alex Kearns died by suicide, blaming stock trading app Robinhood for his death. He mistakenly believed he’d lost $730,000, and that the company was coming for more than $170,000 of that money in a matter of days. His family now agrees that it was Robinhood’s fault — on Monday, they sued the… Read more

Intel Fires Back at Apple’s M1 Processors With Benchmarks

Home News (Image credit: Shutterstock) In November 2020, Apple announced M1. By the end of the year, it announced three devices — the MacBook Air, 13-inch MacBook Pro, and the Mac Mini — that ditched Intel’s processors. Those devices received largely positive reviews based on benchmark performance and battery life. But Intel has also released… Read more

Pinterest had a giant fourth quarter thanks to a strong holiday season

Like other online platforms, Pinterest reaped the benefits of an uptick in e-commerce advertising during the holiday season. The image-sharing platform saw a 76 percent year-over-year jump in fourth quarter revenue, to $706 million, the company said Thursday. Pinterest had 459 global million monthly active users (MAUs) in the fourth quarter, up from 442 million… Read more

The GameStop stock roller coaster has come to the dip

It hasn’t been a good day for WallStreetBets, as GameStop’s stock has plummeted today. AMC, the community’s other bet, dropped as well. But unlike previous dips, the stocks don’t appear to be rallying. Prices stayed low for the entire trading day, something that hasn’t happened since WallStreetBets became a household name one week ago. When… Read more

You too can own a stonks figurine

He’s real, he’s here, and I am so happy. The stonks guy is now a five-inch-tall, $30 thing you can buy, complete with a line graph that’s forever up 69 percent. It first debuted last July, but don’t let that stop you. Officially his name is Meme Man, and he’s the wonky former mascot of… Read more

Go read this profile of the trader whose huge bet on GameStop moved the entire market

The markets are not okay. If you’ve paid any attention to internet chatter this week, you’ve probably seen the names RoaringKitty or DeepFuckingValue — the bullish trader behind the recent GameStop stock phenomenon who’s inspired millions of retail investors to get behind his bet, which has nearly bankrupted at least one hedge fund. Until recently,… Read more

Robinhood restricts crypto trading as Dogecoin soars 300 percent

Robinhood has started restricting trading in cryptocurrencies this morning, just as the price of joke cryptocurrency Dogecoin has soared more than 300 percent in 24 hours. CNBC reports that Robinhood users started noticing instant deposits for cryptocurrencies were no longer working on Friday morning, and the company has confirmed it has put restrictions in place…. Read more