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Facebook has banned a group called ‘Robinhood stock traders’ that had 157,000 members, with its founder suggesting the group had been targeted by “major institutions.” The group has no formal affiliation with the stock trading app of the name same that froze stock purchases for GameStop yesterday, prompting widespread complaints from its users. The group’s 23-year-old founder Alan Tran told Reuters that the social media giant removed the page citing “adult sexual exploitation,” but provided no further reasoning for the ban. According to Tran, who also heads up his own investment group, HaiKhuu Trading, bots may have flagged the page...

A best-selling fiction author could not have spun a more ironic tale so completely representative of our time. Just as an unprecedented situation—COVID and lockdowns—unfolded over the past year and led to massive gains for corporate titans like Walmart and Amazon while governments have crushed small businesses and individuals, a new, unprecedented situation has unfolded over the past week.Spilling off the pages of Reddit to become a substantial threat to the stock market’s stability is a microcosm of this tale of big business quashing the little guy, of Wall Street profiting despite the best, most subversive efforts of the underdogs....

JUST IN - Class action complaint filed in the southern district of New York against Robinhood App (via FOX News) -----------------------------------------

The rules here are simple: Heads Wall Street wins, tails you lose.For those who haven’t heard, there’s a bit of a brouhaha brewing with the video game retailer GameStop, which is publicly traded. Much of Wall Street soured on the company, believing it to be the next Blockbuster or Radio Shack: a dinosaur from a bygone era that has no hope of succeeding in the increasingly internet-run future. As a result, a major Wall Street hedge fund worth billions decided to make a bet that the company’s already low stock price would just keep going lower. The traditional way to...

GameStop shares soared again this morning in pre-market trading as Robinhood lifted its restrictions on the unlikely stock which has surged by 1,700 per cent this month because of the 'Wolves of Reddit.' Robinhood, a cheap trading platform favored by the WallSreetBets Reddit group, even started selling its users' stock without their permission on Thursday after market volatility put the White House on alert. GameStop soared by 103 per cent to $393.01 at 4.05am in New York, while other meme-driven surges were seen in AMC - up by 62 per cent - and in clothes firm Express Inc. which rose...

The CEO of trading platform Robinhood has defended his firm's highly controversial decision to halt trading of certain stocks on Thursday, insisting it was for the good of customers and the company. Vlad Tenev, a 33-year-old Bulgarian-American businessman, co-founded Robinhood in 2013. On Thursday night he explained why his platform had infuriated users by preventing trading in stocks including GameStop, AMC Cinemas, Nokia and American Airlines.

Representative Paul Gosar has called the Department of Justice to investigate Robinhood and their relationship with the hedge fund Citadel.Robinhood, one of the most popular free trading apps in America, stopped ordinary investors from being able to buy shares in GameStop, after users from the subreddit r/WallStreetBets and others engaged in a short squeeze of the stocks, costing hedgefunds billions of dollars as a result. Many other trading apps and exchanges also stopped the buying of the “memestock” shares, and delisted them from their platforms.In a statement, Robinhood claimed that they had to shut down the buy orders on GameStop...

After Menlo Park, California Based Broker-Dealer Robinhood restricted trading and cost many of their retail investors any gains they might have made as they tried to save GameStop from a prospective short, the investors were furious that the company stopped their free market trading. The investors have now filed multiple lawsuits against Robinhood, as we reported, claiming Robinhood was trying to manipulate the market and protect the hedge funds. But they tried to strike back at Robinhood in another way, with giving them a slew of one star reviews in the Google Play Store. More than 100,000 such reviews flooded...

The stock shot up 43.5% on Wednesday, the stock's biggest-ever one-day gain, to close at a more-than 5-year high on record volume of 90.3 million shares. That was the stock's fifth-straight gain, with the stock soaring 112% over that time. At Wednesday's closing price, J.P. Morgan Chase's stake was worth $356.4 million, but was now worth $229.2 million.

Google Deleted Negative Robinhood Reviews & Paul A. Gosar -- R from Arizona -- Demands an Investigation Into Wall Street colluding with Big Tech The full list of stocks Robinhood blocked today is circulating the Internet. Wallstreetbets vows to send these stocks to the moon. Robinhood and other brokers will allow users to trade these stocks on a limited basis. American Airlines $AAL AMC $AMC Blackberry $BB Bed Bath & Beyond $BBbY Castor Maritime $CTRM Express $EXPR Gamestop $GME Koss $KOSS Naked $NAKD Nokia $NOK Sundial $SNDL Tootsie Roll $TR Trivago $TRVG See Full List...

Reports are coming in that Robinhood, the stock broker app, is forcibly selling shares of GameStop on behalf of some of its users. The transactions cannot be canceled and it is being positioned as mitigating “unreasonable risk” on behalf of the company as well as the investor. Billionaire hedge funds have been taking a huge hit after a Reddit group started buying up GameStop shares in an effort to counter a massive amount of short positions. This prompted a “short squeeze” that sent the stock skyrocketing. As the dominos fell, GameStop reached a high of over $400 dollars per share,...

Janet Yellen, President-elect Joe Biden’s pick for Treasury secretary, collected more than $7 million in speaking fees during more than 50 in-person and virtual engagements over the past two years, according to financial disclosures released Thursday. Her fees came from Citadel too – which has invested billions of dollars in the primary hedge fund now suffering as a result of the GameStop stock surge. Yellen’s financial disclosures reveal over 60 speeches to financial firms, and items 25, 29, and 49 on the list shows her receiving a sum of $810,000 from Citadel in speaking fees. Image below: On Thursday, Robinhood,...

Rep. Alexandria Ocasio-Cortez and Sen. Ted Cruz have become an unlikely odd couple in calling for hearings over trading app Robinhood’s blocking of investors seeking to buy GameStop shares– and it has AOC scrambling for cover. In a series of tweets posted Thursday, following wild price swings orchestrated by traders on Reddit, Ocasio-Cortez (D-NY) called Robinhood’s actions “unacceptable.” “We now need to know more about @RobinhoodApp’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit,” the progressive pol wrote. “As a member of the Financial Services Cmte,...

Trading app Robinhood on Thursday restricted buying or trading in GameStop stock along with several other formerly obscure stocks that are spiking following a scramble of social media driven trading activity this week. The popular stock market app informed users that they could close out positions on the highly volatile stocks but could not purchase additional shares.

Rumor has it that Apple (APPL) AAPL -3% will release its cheapest ever top-tier phone this fall. Influential tech magazine Tom’s Guide recently posted a leak claiming iPhone 12 will retail starting at $549. That’s almost half of what Apple charged for iPhone X a few years ago. This raises the question: Why is the most premium tech product maker all of a sudden selling itself short? I’ll show in a moment, Apple’s business is entering a new era where iPhone profits won’t matter anymore. Low price tags might seem like a desperate move to fend off competition. But like...

Does Wall Street want Trump to win???? But cannot say so or the mob will be after them.... Or will it crash in October July and August the market usually does not move a lot..

He gives six main reasons as evidence for the battle's location in South Yorkshire: The region south of York was the centre of conflict between the Northumbrians and the West Saxon kings during the second quarter of the 10th century....the case for Bromborough being the location of the battle 'rests on the name alone'... Bromborough is not mentioned in the 1086 Domesday Book and doesn't appear until the 12th century.There are also doubts about whether Brunanburh should be spelt with a single or double 'n', as it was by several 10th and 11th century chroniclers. Altering the spelling to a...

Disney has targeted Robin Hood as the latest of its animated classics to get the remake treatment. Carlos Lopez Estrada, perhaps best known for directing the 2018 crime movie Blindspotting, is on board to helm the project, which is being written by Kari Granlund. Granlund already is in the Disney fold after having written the studio’s recent remake of Lady and the Tramp. Justin Springer, who counts the studio’s Dumbo and Tron Legacy among his credits, is producing the feature being developed for the studio’s Disney+ streaming service. Robin Hood was a comedic and musical take on the famous tale,...

A Virginia National Guard sergeant was sentenced Wednesday to 18 months of supervised probation for stealing World War II-era dog tags from the National Archives and Records Administration in Maryland. U.S. Magistrate Judge Thomas DiGirolamo also ordered Robert Rumsby, 30, of Fredericksburg, Virginia, to pay a $5,000 fine. Rumsby had faced a maximum sentence of 1 year of incarceration after pleading guilty in November to one misdemeanor count of theft. Rumsby told investigators he took dog tags that belonged to four U.S. airmen killed in plane crashes in 1944, according to a criminal complaint. Rumsby’s wife is the great niece...

Given my interest in the stars from yesteryear, I vividly recall a conversation I had with the late TCM film historian Robert Osborne about Gone With the Wind star Olivia de Haviland. "We speak every Sunday," he told me. "And I would so like to do an on-camera interview with her for TCM. But she would rather be remembered for her illustrious career instead of anyone wondering what she might look like as an older woman." My conversation with Mr. Osborne, if I remember correctly, was in 2003, which would have made the legendary two-time Oscar winning actress 87 years...