FORT WAYNE, Ind. (WANE) – The online trading platform Robinhood restricted trading Thursday on GameStop and other stocks that have soared from a steep uptick in buying by smaller investors. GameStop stock has rocketed from below $20 earlier this month to more than $400. This comes after investors on social […]
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Robinhood, others limit trading, sparking lawsuit and Senate panel hearing
Wall Street: Short selling and short squeezes explained In most cases, profits are made in the stock market as the price of a share rises. But short sellers can make money as value drops and lose money as it rises. WASHINGTON – Robinhood and other retail brokerages are taking steps […]
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Robinhood says a ‘limited number’ of accounts were recently hacked
Hackers compromised users’ personal email accounts outside of the trading app, and used those emails to gain access to customers’ Robinhood accounts, a Robinhood spokesperson said in a statement. While Robinhood did not specify the number of accounts affected, Bloomberg reported that nearly 2,000 customers had their accounts compromised, citing […]