Reddit traders send silver price to eight-year highs: Precious metal soars 12% as renegade investors pile in to put squeeze on short-sellers Reddit thread r/wallstreetbets had mentions of the hashtag #silversqueeze Spot silver up 12% to $30.17 an ounce – the highest since early 2013 Shares in precious metal miner Fresnillo almost 20% higher By … Read more
JEFF PRESTRIDGE: As an advocate of investing, it is fantastic that small investors have taken on hedge funds – yet I fear that it could all end in tears By Jeff Prestridge for The Mail on Sunday Published: 21:51 GMT, 30 January 2021 | Updated: 13:18 GMT, 31 January 2021 Hedge fund managers are not … Read more
A Wall Street titan connected to the remarkable Robinhood feeding frenzy abruptly quit Twitter on Friday night, as it emerged that some of the board members of the companies involved have cashed in on the surreal week. Steve Cohen, the financier and owner of the New York Mets, who is worth an estimated $14.6 billion, … Read more
The staggering rally of shares in beleaguered video game retailer GameStop is minting new millionaires, and costing hedge funds billions of dollars – at least on paper. GameStop shares rose another 70 percent on Friday in a staggering rally driven by small investors on the online forum Reddit that has seen the stock surge 1,800 … Read more
‘I hear you know about stocks?’: UK-based Robin Hood Society gains 33,000 Twitter followers after users confuse it with US trading app used by armchair investors behind Wall Street chaos UK’s World Wide Robin Hood Society promotes the legendary heroic outlaw It now has 37,000 Twitter followers after starting yesterday with less than 400 Traders … Read more
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 … Read more
Watchdog warns on market abuse and high-risk trading as GameStop fever hits Britain: FCA sounds the alarm on the Reddit vs hedge funds fight GameStop saga continued yesterday, as trading app RobinHood stopped buys Traders piling into shorted stocks have also picked up on beaten-up UK shares FCA said personal investors should take care in … Read more
GameStop, the new Fortune 500! Social media unleashes the memes as the ‘Wolves of Reddit’ send Wall Street into panic Folks took to Twitter to share their fascination with the spectacle surrounding GameStop, AMC Entertainment and others ‘GameStop sitting amongst Tesla and Amazon after reddit users make it a Fortune 500 company,’ said one person, … Read more
Warning over market abuse as Reddit fever sweeps Britain: FCA sounds the alarm as UK investors pile in to get back at hedge funds By Lucy White For The Daily Mail Published: 21:51 GMT, 28 January 2021 | Updated: 21:51 GMT, 28 January 2021 Traders have been warned they could be guilty of market abuse … Read more
The Reddit poster and YouTube streamer who caused a Wall Street crisis by driving up the price of GameStop – and boasted about his $47 million gains – is a suburban financial adviser who nicknames himself Mr. Wizard, DailyMail.com can reveal. Keith Gill, 34, is the man behind the Roaring Kitty YouTube streams and the … Read more