'Absolutely': Elon Musk agrees with AOC's call to hold hearings on Robinhood barring GameStop purchases https://t.co/EZ02gmesHd
Robinhood Markets was almost immediately hit by lawsuits from customers after restricting transactions on certain stocks including GameStop https://t.co/tcj9m8YFar
Democrat Alexandria Ocasio-Cortez says the restrictions placed on high-flying stocks by Robinhood and other platforms demand closer scrutiny, a sentiment that was also backed by Republican Ted Cruz https://t.co/tmwua4Pkpn
A class action lawsuit was launched against Robinhood in New York, after the online brokerage restricted customers' ability to trade in several high-profile shares including GameStop https://t.co/kNuGQEQg7i https://t.co/P4JmN1h1L2
Reddit investors have discovered silver: Spot prices soared as much as 6.8%, the biggest jump since August https://t.co/D0hsb7l6iH
For once, Main Street is beating Wall Street. In a matter of weeks, two hedge-fund legends — Steve Cohen and Dan Sundheim — have suffered bruising losses as amateur traders banded together to take on some of the world’s most sophisticated investors. Another fund, Gabe Plotkin’s Melvin Capital, lost 30%. Driven by the frenzied trading in GameStop and other stocks that hedge funds have bet against, the losses suffered over the past few days would rank among the worst in some of these money managers' storied careers. Link in bio for more.
● In an interview with Bloomberg Editor-in-Chief John Micklethwait, one of the people most responsible for helping to vaccinate the world against Covid-19 discusses how his company is navigating the pandemic. Click the link in our bio to read the full interview with Pfizer CEO Albert Bourla.⠀ ⠀ ● Photo: maegangindi