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Reddit's GameStop (GME) Bastille Day prediction fails to deliver as shares fall today shacknews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shacknews.com Daily Mail and Mail on Sunday newspapers.
How to stop your broker from lending your GameStop (GME) shares to short sellers shacknews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shacknews.com Daily Mail and Mail on Sunday newspapers.
The Robinhood app has gained a ton of popularity and attention this year with the rise of meme stocks like GameStop and AMC, alongside the monstrous rise of the Dogecoin cryptocurrency. Today, the company filed with the SEC that it intends to go public. The stock will trade as HOOD on the NASDAQ if everything goes as planned. The filing breaks down some interesting stats about Robinhood s operations. Unlike a lot of recent IPOs, the company actually turned a profit in 2020, albeit barely. 2020 profits totaled $7.45 million on net revenue of $959 million, compared to a loss of $107 million on net revenues of $278 million in 2019. Not all is great for the house of hood, as the company lost $1.4 billion during the first quarter of 2021 during the first GameStop short squeeze. ....
Evening Reading - July 1, 2021 shacknews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shacknews.com Daily Mail and Mail on Sunday newspapers.