Category: Finance

Americas by GeoPolitic.orgJan 29, 20216:09 pm

Robinhood restricts crypto trading ‘due to extraordinary market conditions’

Robinhood restricted trading in cryptocurrencies on Friday, as the price of bitcoin and a meme-inspired token rose sharply. Users began reporting that the trading app had halted instant deposits for crypto purchases earlier in the day, meaning […]

Americas by GeoPolitic.orgJan 29, 20216:03 pm

Cash-Strapped Robinhood Scrambles To Raise $1 Billion From The Rich

After years of carefully building its brand and reputation, Robinhood, the stock-trading app that helped invent the no-fee commission, is on the verge of collapse as it faces a mortal threat for any financial company: […]

Americas by GeoPolitic.orgJan 29, 20215:53 pm

Mega-investors punished with $70 BILLION LOSSES as GameStop and other shorted firms see stock surge – data analysts

Short-selling investors lost a staggering $70.8 billion this month, according to financial data analytics firm Ortex. Their losses were partly driven by small traders pumping money into stocks like GameStop. Short-sellers lost $70.87 billion on […]

Americas by GeoPolitic.orgJan 29, 20215:45 pm

Trading app Robinhood accused of AUTOMATICALLY SELLING users’ shares after banning GameStop stock – reports

After forbidding its users from buying several volatile stocks, including shares in GameStop, trading app Robinhood was allegedly caught selling its users’ stocks against their will, and in doing so hammering down their value. Twitter […]

Americas by GeoPolitic.orgJan 29, 20215:34 pm

Investors file CLASS ACTION SUIT against Robinhood over GameStop ‘stonk’ suppression

A group of investors has filed a class action complaint against the online brokerage Robinhood, after it stopped all buys of GameStop and other stocks. They call it a market manipulation aimed to protect short-selling […]

Americas by GeoPolitic.orgJan 29, 20215:23 pm

Report: Corruption in U.S. at Worst Levels in Almost a Decade

Corruption in the United States is apparently at its worst in almost a decade, according to a new global report released Thursday by Transparency International. Advocates attribute the drop to declining trust in democratic institutions and poor […]

Americas by GeoPolitic.orgJan 29, 20214:53 pm

WallStreetBets Proves The System Is Rigged

A couple weeks ago one of my brother-in-laws asked me about investing in Bitcoin and it made me wonder if we were near the top of this cycle. Sure enough, BTC has come off a […]

Americas by GeoPolitic.orgJan 28, 20218:13 pm

70.87 Billion Reasons Why The Retail Brokers Just Betrayed Their Customers

Yesterday, when TD Ameritrade became the first exchange to impose “unprecedented” restrictions on GME trading, we predicted what would happen next: “expect many more exchanges to follow suit, because hedge funds clearly need to be protected when faced […]

Americas by GeoPolitic.orgJan 28, 20218:09 pm

GameStop saga exposes deep hypocrisy from elite investors and proves US financial market is detached from reality

The destruction of a short-selling hedge fund by investors on Reddit was a formidable display of people power. It exposed the US stock market’s feet of clay – and the panicked elites are sure to […]

Americas by GeoPolitic.orgJan 28, 20218:05 pm

Trading app Robinhood SHUTS DOWN GameStop stock, after Reddit traders embarrass Wall Street

Trading app Robinhood has banned its users from buying GameStop, AMC, Blackberry and Nokia stock, after its users inflated the value of GameStop stock and inflicted billions of dollars of losses on Wall Street fat […]