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Tech NewsGadgetsGameStop Decided Now Is a Good Time to Start Selling Graphics Cards
Given the state of the current GPU market and, well, the PC hardware market as a whole, it would be an interesting business decision for any company to start selling components. But this is 2021, and all logic be damned; GameStop is going to start selling graphic cards. According to PCMag, GameStop CEO George Sherman … Continued
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Tech NewsRobinhood Has Privately Filed to Go Public
Commission-free stock trading app Robinhood said that it had confidentially filed for an initial public offering on Tuesday, apparently ready to capitalize on all of the positive buzz surrounding democratized finance. After Bloomberg first reported the news, Robinhood confirmed in a statement that it had submitted its filing U.S. Securities and Exchange Commission. A person … Continued
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Tech NewsThe Truth About the Zombie MoviePass Site Is That It’s All Very Stupid
A seemingly rogue MoviePass website bearing the same styling of the now-defunct movie subscription service generated speculation earlier this week that the company may be making a comeback. Or, it was an extremely silly prank. It appears now that the latter is most likely the case. While the site bears the same style and appearance … Continued
By Catie Keck -
EartherWallStreetsBets Is Sending Gorilla Conservation to the Moon 🚀🚀🚀🚀🚀🚀
The WallStreetBets subreddit has helped drive $383,000 in donations to a gorilla conservation organization this week. The preceding sentence would have been barely intelligible even just last December, and yet here we are. To quickly recap: In January, folks on the subreddit r/WallStreetBets captured headlines for buying up shares in GameStop’s stock as well as other oft-memed … Continued
By Dharna Noor -
io9WandaVision Toys and Merch That Will Cast a Hex on Your Wallet
WandaVision may be over, but the merchandising has just begun. Now that we’ve all seen Wanda in her full outfit as the Scarlet Witch, companies have revealed a plethora of action figures, replicas, clothes, and more celebrating/monetizing Marvel’s new sorceress supreme. Check out all the newest WandaVision toys and collectibles you can purchase in your … Continued
By Rob Bricken -
Tech News
Federal and State Regulators Probe Robinhood Over Meme Stock Trading Restrictions
U.S. regulators are investigating Robinhood after it temporarily blocked users from purchasing so-called meme stocks on its stock trading app amid the Reddit-fueled short squeeze earlier this year. Robinhood has received inquiries from the U.S. Securities and Exchange Commission’s Division of Examinations, the Financial Industry Regulatory Authority, and the New York Attorney General’s Office, among … Continued
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Tech NewsBots Reportedly Helped Fuel GameStonks Hype on Facebook, Twitter, and Other Platforms
The s0-called GameStonks saga had some help from automated bots hyping up “meme” stocks on Facebook, Instagram, Twitter, and YouTube, according to an analysis by the cybersecurity firm PiiQ Media reviewed by Reuters. Users on the Reddit forum r/WallStreetBets teamed up last month to trigger a massive short squeeze of GameStop stock in a coordinated … Continued
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Tech NewsGameStop’s Doing a Thing Again
GameStop, little diva that she is, is in the spotlight once more after shares of the company skyrocketed more than 100% on Wednesday. In the last 30 minutes of the day’s trading, the American video game retailer’s shares were up by a whopping 103.9% — a shocking rally that resulted in trading on the company’s … Continued
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Tech NewsBarclay’s Analysts Bet Tesla Stock Is Being Propped Up By r/WallStreetBets
Tesla might be the beneficiary of the GameStonks effect, at least according to analysts for the British bank and investment firm Barclay’s. CNBC reported that Barclay’s told clients in a note on Tuesday that Tesla shares—which hit a peak of nearly $900 a share in January and are now hovering around $680—appear to be at … Continued
By Tom McKay -
Tech NewsI Waited Five Hours for AOC to Ask the Robinhood Guy a Question, and This Is What I Got
Those of us who sat through yesterday’s five-and-a-half-hour House Committee on Financial Services hearing on the GameStop short squeeze had maybe, foolishly, hoped against hope to see some cold hard accountability. We came to hear Robinhood’s CEO explain why, at the peak of the GameStop run, the trading app shut out its users from buying … Continued
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Tech NewsHow to Watch the Robinhood Congressional Hearing
More real-time WallStreetBets drama, the David and Goliath tale of class and meme warfare that has it all, will unfold before our very eyes today in a Congressional hearing at noon, ET. Possibly aware that at least two forthcoming movies and two TV shows need some good material, the House Committee on Financial Services has … Continued
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Tech NewsYouTube, Reddit User ‘Roaring Kitty’ Gets Sued for Securities Fraud Over GameStop Short Squeeze
Keith Gill, also known as “Roaring Kitty” on Twitter/YouTube and “DeepFuckingValue” on Reddit, is facing a proposed class action lawsuit for his role in the massive GameStop short squeeze orchestrated by Reddit’s r/WallStreetBets board, Bloomberg reported on Wednesday. According to Bloomberg, the suit was filed by Hagens Berman Sobol Shapiro, a securities class action firm, … Continued
By Tom McKay -
Tech NewsCEOs of Robinhood and Reddit to Testify in Federal GameStop Hearing
The House Financial Services Committee will hold a virtual hearing on Feb. 18 as part of its investigation into the coordinated effort by Reddit’s stock-trading community to drive up the price of GameStop stocks as a big middle finger to hedge fund managers. The witness list includes some of the key players involved in the … Continued
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Tech NewsWall Street Fund Wants to Hire r/WallStreetBets Users to Help Pick Meme Stocks
GameStop’s stock has fallen back to something like a reasonable price and Barstool Sports founder Dave Portnoy claims he lost about $700,000, but the future of meme stocks is not yet written. And at least one New York-based quantitative fund seems to think there’s still a glimmer of gold to be found in the brain … Continued
By Rhett Jones -
Tech NewsRobinhood Sued by Family of College-Aged Investor Who Took His Own Life
The family of a 20-year old man who took his own life over the summer after he misread his investment balance on Robinhood on Monday filed a lawsuit against the brokerage app. In June 2020, Alex Kearns was a 20-year-old sophomore at the University of Nebraska at Lincoln when he checked his Robinhood financial statement … Continued
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Tech NewsRobinhood Made a Super Bowl Ad. It Sucks!
Robinhood–the company that’s currently being grilled by the likes of Elon Musk, Elizabeth Warren and others over its role in the so-called “Gamestonks” controversy–has decided to plow ahead with its first ever Super Bowl ad campaign, CNBC reports. The 30-second spot focuses on the company’s supposedly democratic approach to finance, using short clips of everyday … Continued
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Tech NewsSEC Issues Vague Threats Against Everyone Involved in the GameStop Stock Saga
The Securities and Exchange Commission broke its silence Friday morning on the populist investor uprising that has sent the stock price of beleaguered retailer GameStop “to the moon,” warning everyone involved that they are watching… and, for the time being, not doing a whole lot else, it seems. “The Commission will closely review actions taken … Continued
By Andrew Couts -
Tech NewsSocial MediaFacebook Bans Popular Stock Trading Group Amid GameStop Chaos
Facebook has reportedly shut down a popular stock trading group due to alleged policy violations, the page’s founder claims, who argues the real reason behind the sudden ouster is the windfall its members made off all the GameStonks drama this week. Robinhood Stock Traders boasted over 157,000 members before Facebook took it offline on Wednesday, … Continued
