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NEW YORK (Reuters) - Options traders are expecting comparatively subdued moves in GameStop Inc shares around its earnings report, as the company that helped spark the so-called meme stock phenomenon prepares to report quarterly results on Wednesday.
NEW YORK (Reuters) - Shares of several retail trading darlings, including AMC Entertainment and GameStop, surged in heavy volume late on Tuesday, on no apparent news, dealing over $1 billion in losses to short sellers.
(Deletes reference in paragraph 4 to future share sales depending on stock performance targets, which is incorrect)
(Reuters) -Shares of Robinhood Markets Inc rose more than 50% on Wednesday during a wild trading session as investors scooped up shares after its underwhelming stock market debut last week. The online brokerage’s shares closed at $70.39, off the session high of $85 when the stock was up nearly 82%, with one analyst dubbing it "the meme of memes" in a reference to stocks popularized this year by retail investors congregating in online platforms such as Reddit's WallStreetBets.
SEOUL (Reuters) - Yun Hae-ri, a 26-year-old South Korean cryptocurrency investor, has seen the value of a coin named Metadium nearly wiped out since she bought it in April.
WASHINGTON (Reuters) - U.S. Senator Elizabeth Warren on Thursday warned of the growing risks posed to consumers and financial markets by the "highly opaque and volatile" cryptocurrency market and blasted its lack of regulation as unsustainable.
The Chinese government has been tightening its cryptocurrency regulations since 2017 in an effort to control capital outflows and prevent speculative bubbles.
Two popular tech trends have naturally formed a partnership, with eSports teams now being sponsored by cryptocurrency exchanges.
(Reuters) - U.S. shares in BlackBerry were up 18.0% on Thursday on track for its sixth straight day of gains and the stock was the second most heavily traded on U.S. exchanges as individual investors on Reddit's Wallstreetbets forum turned their focus to the security software company.
LONDON (Reuters) - Bitcoin's smaller rivals are eroding its share of the $2 trillion digital currency market. Of the dozens snapping at its heels, most have little use beyond financial trading - but few of the investors fuelling their rise seem bothered.