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(Reuters) - Shares of Robinhood Markets Inc fell 9% on Thursday as the fee-free broker's warning about a slowdown in trading raised concerns about its reliance on a pack of small-time investors to sustain a frenzy in stocks, options and cryptocurrencies.
NEW YORK (Reuters) - Dogecoin, a meme-based cryptocurrency popular among retail investors, surged on Wednesday, benefiting from news that digital asset exchange Coinbase will make the crypto unit available to its users on its trading platform.
(Reuters) - Cathie Wood's Ark Investment Management and hedge fund Elliott Management bought shares of Twitter Inc last week after the stock fell on disappointing quarterly results, Bloomberg News reported on Monday.
(Reuters) -Twitter Inc shares sank 11% in post-market trading on Thursday as it offered tepid revenue guidance for the second quarter, warned of rising costs and expenses and said user growth could slow as the boost seen during the coronavirus pandemic fizzles.
Chinese technology giant Lenovo reported higher profits in the first quarter thanks to cost cutting, but sales of PCs and smartphones continued to struggle.
Fresh off a two-year stock rally and a win with its Star Wars: Battlefront title, Electronic Arts Inc is attracting sizeable buy-in from institutional investors who expect the company to keep doing well with shooter videogames.