Robinhood Raises $1 Billion to Support Purchases of GameStop Stock
Robinhood has raised $1 billion and tapped its credit lines to support the trading of GameStop and other high-flying stocks.
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Robinhood Faces Class Action Lawsuit For Blocking GameStop Stock Purchase
A class action lawsuit asks the court to require Robinhood to pay damages to affected users and reinstate GameStop on the stock trading platform.
MoreRobinhood Faces Class-Action Lawsuit for Blocking GameStop Stock Buys
A Massachusetts-based user files a class-action lawsuit calling on the court to demand Robinhood pay damages to affected users and reinstate GameStop on the stock-trading platform.
MoreReddit traders furious after Robinhood restricts access to GameStop and other stocks
The trading app cites “recent volatility.” Trading platform Robinhood is facing the ire of Reddit users today after it restricted trades on a number of stocks that have been caught up in a days-long frenzy of activity. Read Full Story
MoreElon Musk Questions Robinhood's CEO About Last Week's GameStop Stock Drama on Clubhouse
Elon Musk interviewed Robinhood CEO Vlad Tenev on Sunday night on the audio app Clubhouse. He asked Tenev about why Robinhood stopped users from trading "meme stocks" such as GameStop.
MoreRobinhood now lets anyone trade GameStop and AMC again, but will Redditors come back?
Has Robinhood’s actions left Redditors feeling too burned? Only time will tell (and, perhaps, the direction of GameStop’s share price today). Redditors rejoice! Robinhood is once again allowing anyone to trade shares of any stocks, including GameStop and AMC, reports CNBC. The company had restricted the trading last week of certain hot stocks like GameStop and AMC. The limits were put in place after those shares surged in price thanks to massive interest generated from Reddit users on the message board WallStreetBets. Read Full Story
MoreXpeng IPO: Another Tesla rival from China is climbing the American stock market
The Chinese electric-vehicle manufacturer Xpeng has raised $1.5 billion in its initial public offering today. The Chinese electric-vehicle manufacturer Xpeng has raised $1.5 billion in its initial public offering today. Read Full Story
MoreRobinhood's Super Bowl Ad Probably Won't Do Much to Win Over Critics
Don't expect an apology from the commercial, which contains a lot of flowery and positive language, without acknowledging Robinhood's controversial decision to temporarily stop GameStop stock buys.
MoreElon Musk seeks to raise $ 5 billion by selling Tesla stock
The company said it will sell shares "from time to time," and right now it needs to finance the construction of its plant in Germany.
MoreGameStop Has Jumped 141 Percent. Could These Stocks Be Next?
Three other stocks with short-squeeze potential.
MoreZoom Aims to Raise $ 1.5 Billion Through New Stock Sale
The video-calling giant wants to generate a new offering of common shares in order to increase its cash reserves.
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