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David Vs. Goliath Fight Spills From GameStop To The US Constitution
Wednesday, November 24, 2021 - 6:19pm | 802Read More...A stock market David vs. Goliath story occurred in 2021 with retail investors facing off against hedge funds. The battle saw rising valuation of stocks that included GameStop Corp (NYSE: GME) and AMC Entertainment (NYSE: AMC) and a battle of short sellers. The David vs. Goliath battle has now...
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Citadel's Ken Griffin On Robinhood Meme Stock Saga: 'Fascinating To Be In The Center Of That Conspiracy'
Thursday, November 11, 2021 - 6:37pm | 383Read More...Citadel's Kenneth Griffin appears to have been blissfully unaware of the memes and jokes made at his expense in relation to the “GameStop Corp (NYSE: GME) conspiracy theories” that circulated on Twitter Inc (NYSE: TWTR) and Reddit earlier this year. Speaking Wednesday to Andrew...
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4 Key Takeaways From The SEC's 'Meme Stock' Report: PFOF, Short Selling And More
Monday, October 18, 2021 - 5:30pm | 672Read More...The long-awaited SEC report concerning the WallStreetBets-fueled short squeeze that happened in GameStop Corp (NYSE: GME) earlier this year was published Monday afternoon. What Happened: The 45-page report titled “StaffReport on Equity and Options Market Structure Conditions in...
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5 Key Facts From Robinhood's S1: Citadel Revenue, Customers, Dogecoin And More
Thursday, July 1, 2021 - 3:28pm | 441Read More...Robinhood filed its S1 on Thursday, which breaks down how much revenue it has, how much cryptocurrency it's hodling and how big of an impact market makers play into its financial performance. Financials: Robinhood had revenue of $959 million in fiscal 2020, up 245% year-over-year. Net income...
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Fintech Focus For May 17, 2021
Sunday, May 16, 2021 - 8:38pm | 1714Read More...Quote To Start The Day: “Spring is the time of plans and projects.” Source: Leo Tolstoy One Big Thing In Fintech: Crypto is here to stay — this point is no longer up for debate. It is creating real-world benefits for businesses and consumers alike — benefits like faster,...
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Fintech Focus For April 26, 2021
Sunday, April 25, 2021 - 9:45pm | 1489Read More...Quote To Start The Day: Well done is better than well said. Source: Benjamin Franklin One Big Thing In Fintech: Alpaca, a stock brokerage that allows developers to build apps, services, and trading platforms, formally announced the launch of Broker API, as well as an expansion of its investment...
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Miami's Path To Becoming A Tech Hub, According To TheVentureCity's CEO: 'Brainpower Doesn't Have A Zip Code'
Tuesday, March 23, 2021 - 1:50pm | 1310Read More...“Thinking of moving to Miami? DM me.” That’s according to a tweet from Miami Mayor Francis Suarez that's plastered across billboards along California. The initiative, sponsored by Reddit co-founder Alexis Ohanian and early Uber Technologies Inc (NYSE: UBER) and...
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Fintech Focus For March 9, 2021
Monday, March 8, 2021 - 6:49pm | 1938Read More...Quote To Start The Day: “If I look at trading when I started, I would say a phone or occasionally a computer got broken at least once a week, or once every two weeks,” Dunn, Citigroup’s global co-head of rates trading, said during a virtual roundtable last week, held ahead of...
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Robinhood, Citadel, Melvin Capital CEOs Grilled In Response To Reddit, Hedge Fund Short Squeeze Drama
Thursday, February 18, 2021 - 4:53pm | 564Read More...On Thursday, the House Financial Services Committee committee held a special hearing to attempt to sort through the stock market drama surrounding Reddit’s WallStreetBets, the trading app Robinhood, hedge fund Citadel Securities and stocks like GameStop Corp. (NYSE: GME) that recently...
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Roaring Kitty, Ken Griffin, Vlad Tenev To Be Among Those Testifying At House Hearing
Saturday, February 13, 2021 - 11:14am | 561Read More...Citadel Founder and CEO Ken Griffin An event is coming this week that should offer up plenty of material for documentary writers who are already hard at work in covering the GameStock stock saga. House Hearing: Many of the major names who were at the center of the storm — WallStreetBets,...
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Fintech Spotlight: Unpacking Finny's Quiz-Based Take On Financial Literacy
Wednesday, February 10, 2021 - 10:21am | 1531Read More...In the last two years, the commission-free revolution and gamification of online trading platforms increased engagement in markets. Now more than ever before are people interested in learning about finance and unique ways to put their money to use. In light of this, Benzinga spoke with Milan...
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Fintech Focus For February 8, 2021
Sunday, February 7, 2021 - 8:25pm | 2192Read More...Quote To Start The Day: Excessive determinism is almost always the biggest enemy of stability. This seeming contradiction is behind the concept of metastability which captures the mode of market functioning in the last years. Metastability is what seems stable, but is not — a stable waiting...
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Fintech Focus For February 2, 2021
Monday, February 1, 2021 - 6:38pm | 1809Read More...Quote To Start The Day: “This is not the market participants' problem, they paid to play. It’s the broker’s problem, from an operational standpoint, to make sure that these things are in check.” Source: Kris Sidial One Big Thing In Fintech: Year 2021 will be all about...
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'This Is Not The Market Participant's Problem': Volatility Arbitrage Trader Talks GameStop, Market Microstructure, Regulation
Monday, February 1, 2021 - 6:13pm | 1560Read More...In 2019, former financial professional Keith Gill, who goes by “Roaring Kitty” on Reddit, began a movement that pushed GameStop Corporation’s (NYSE: GME) stock price as high as $513.12 in premarket trade Jan. 28, after which numerous brokers made the controversial decision to...
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WallStreetBets Posters Warn Retail Traders On Silver Squeeze: 'The Antithesis Of Who We Are'
Monday, February 1, 2021 - 2:08pm | 635Read More...The iShares Silver Trust (NYSE: SLV) rallied more than 11% Monday morning on media reports that the WallStreetBets Reddit community responsible for pumping up the price of stocks like GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc (NYSE: AMC) in recent weeks has shifted its...
