Trading

Google salvaged Robinhood’s one-star rating by deleting nearly 100,000 negative reviews

Google is actively removing negative reviews of the Robinhood app from the Google Play Store, the company confirmed to The Verge. After some disgruntled Robinhood users organized campaigns to give the app a one-star review on Google’s Play Store and Apple’s App Store — and succeeded in review-bombing it all the way down to a… Read more

E-Trade won’t let you buy GameStop and AMC stock either, reports now say

Financial services company E-Trade has restricted purchases of GameStop and AMC stock, a source tells Bloomberg. The two stocks have become popular on forums like the r/WallStreetBets subreddit and seen their prices skyrocket to unprecedented highs over the past week. (GameStop hit $483 earlier on Thursday and briefly went above that during the day. Last… Read more

After buy ban, GameStop hypebeasts are looking for a Robinhood alternative

In the wake of Robinhood’s surprise trading block, a new class of Reddit investors are looking for apps that will let them plow their money into their favorite stocks. On Thursday morning, Robinhood announced that it would temporarily block investors from purchasing or trading companies including GameStop, AMC, BlackBerry, Bed Bath & Beyond, and Nokia,… Read more

Robinhood blocks purchase of GameStop, AMC, and BlackBerry stock

Robinhood has added new limits to its app to restrict users from buying or trading any of the popular Reddit r/WallStreetBets stocks, including GameStop ($GME), AMC ($AMC), BlackBerry ($BB), Bed Bath & Beyond ($BBBY), Nokia ($NOK), and more. Users will still be allowed to close out existing positions but won’t be able to buy more… Read more

Discord has turned into a virtual trade floor with memes, stonks, and chaos

Illustration by Alex Castro / The Verge A real-life trading floor is noisy. You can find traders shouting at each other, especially when the markets are volatile and stock is moving fast. That same environment has been replicated online this week, thanks to Discord. Getting inside offers a surreal look at an emerging virtual trade… Read more

Memes have broken the brokerages

In retrospect, stock memes were inevitable. Unfortunately, it looks like a lot of brokerages weren’t ready. Vanguard, Charles Schwab, and Fidelity Investments, among others, have been experiencing outages, The Wall Street Journal reports. None of the brokerages would tell the WSJ specifically why the outages were happening. Also, Charles Schwab and TD Ameritrade are restricting… Read more

Reddit’s GameStop traders turn their attention to AMC stock

Reddit traders who have successfully profited off GameStop (GME) stock are now turning their attention to struggling movie theater chain AMC. Reddit board r/wallstreetbets has helped push GameStop stock to record levels in recent days, with the stock closing up 92 percent yesterday alone. It’s part of a chaotic, meme-fueled effort to create an organized… Read more

Go read this story about how r/WallStreetBets triggered a huge rise in GameStop’s stock price

The market, like Soylent Green, is made of people. That’s never more clear than when there’s something bonkers happening — like what’s happened with video game retailer GameStop’s stock since last September. Back then, it was trading at around $6.68; by this morning, however, it was trading at $146.97. (Since that astounding high, it fell… Read more

GameStop stock halts trading after Reddit drama

Trading in stock of video game retailer GameStop (GME) was halted briefly Friday, as it soared more than 70 percent, due partly to the enthusiastic support of a group of Reddit day traders. The stock is up more than 250 percent year to date, rising sharply last week after GameStop announced Chewy CEO Ryan Cohen… Read more

IBM: Loss of profit causes share price to fall

IBM suffered a surprisingly significant loss of business at the end of the year. In the final quarter, sales fell year-on-year by a good six percent to 20, 4 billion US dollars, about 16, 8 billion euros, as IBM announced on Thursday after the US market closed. Net income fell 42 percent to $ 1.3… Read more

Document trading in the Darknet: Police dig out forger workshop

In Magdeburg, investigators have discovered an alleged forgery workshop for ID cards. On Wednesday, about 220 officials searched three apartments and the workshop disguised as an office, as the Federal Police Department for Combating Crime announced on Thursday. They secured data carriers and counterfeit items such as printers, printing plates, seals, chemicals and foil elements…. Read more

Raspberry Pi Pico Review: ‘Pi Silicon’ Debuts on $4 Microcontroller

Our Verdict A first for Raspberry Pi, the Pico microcontroller provides an affordable and simple way to control lights, motors, sensors and other electronic components. For Low cost Small size Ease of use Built-in ADC Against C workflow is tricky No built-in wireless No 5V output Raspberry Pi has a history of disrupting the status… Read more

Netflix has over 200 million users and is stopping the money burning

Netflix 2020 grew particularly strongly. The streaming provider 36 won 5 million paying subscribers, including 8.5 million in the fourth quarter. This value is 42 percent above Netflix’s own expectations. In total, the company now has almost 204 million paying subscribers, i.e. the symbolic mark of 200 Millions exceeded. In the current quarter, Netflix expects… Read more

Missing Link: No more going to a store! What speaks for the mail order business

Readers who invest emotionally in products are often bothered by the term “faulty design” in product tests. The meme has prevailed that technical progress has done something like this very rarely. The opposite is true. Advances in production are overshadowed by excessive complexity that leads to more accidental misconstruction than ever in history. Tesla built… Read more

Missing Link: No more going to a store! What speaks for the mail order business

Readers who invest emotionally in products are often bothered by the term “faulty design” in product tests. The meme has prevailed that technical progress has done something like this very rarely. The opposite is true. Advances in production are overshadowed by excessive complexity that leads to more accidental misconstruction than ever in history. Tesla built… Read more