Drew Austin, an entrepreneur and investor, invested heavily in cryptocurrencies and NFTs, including digital horses, digital sports cards and some digital art. He took a “substantial liquidity hit” when cryptocurrency […]
Robinhood Financial LLC
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Back to news homeHow Small Market Investors Are Being Wooed by Companies
That has prompted a strategy adjustment. In addition to spending time communicating with analysts whose “buy” or “sell” ratings on the stock can move its price, Mr. Schreiber said, he […]
The Start-Up Enemies of Wall Street Are Booming
“The infrastructure has gone to a whole other level,” said CJ MacDonald, founder of Step, a debit card provider aimed at teenagers. Introduced in September, Step quickly reached one million […]
Payments Start-Up Stripe Surges to $95 Billion Valuation
The payments company Stripe is worth $95 billion after a new round of funding, making it the most valuable start-up in the United States.The San Francisco and Dublin-based company said […]
Investment Mania: From Crypto Art to Trading Cards
“Most people are cheering, but at the same time, shaking their heads and going, when is the bust coming?” said Jane Leung, the chief investment officer at SVB Private Bank.One […]
The Boredom Economy
Among the most vivid recent examples of boredom’s economic influence occurred late last month when amateur traders, many of them followers of the Reddit forum Wall Street Bets, piled into […]
Here’s Six Ideas to Fix the Market
Disclosure of short positions. Big hedge funds have to disclose their “long” positions when they cross the threshold of owning 5 percent or more of a company’s shares. No such […]
The Silicon Valley Start-Up That Caused Wall Street Chaos
The online trading app Robinhood became a cultural phenomenon and a Silicon Valley darling with a promise to wrest the stock market away from Wall Street’s traditional gatekeepers and “let […]
The Stock Traders of Reddit and TikTok
WallStreetBets is by no means all young people. The demographics of the Reddit forum, which now has over six million people, are broad and encompass out-of-work boomers, earnest millennials and […]
How a Reddit User and His Friends Helped Fuel the GameStop Frenzy
“Your example has literally changed the lives of thousands of ordinary normal people,” a Reddit user named reality_czech wrote this week to Mr. Gill. “Seriously thank you.”Larry Tabb, the head […]