Meme stock hangover: a year after GameStop, traders face gloomier markets

GameStop trading information is displayed on the Robinhood app where another screen shows the Robinhood logo in this January 29, 2021 photo illustration. REUTERS/Brendan McDermid/Illustration/File Photo Register now to get free unlimited access to Reuters.com Register NEW YORK, Jan 28 (Reuters) – The mood has changed dramatically after a year of a stunning rebound in … Read more

Analysis: Robinhood shares stumble as trading frenzy wanes, regulators circle

Jan 27 (Reuters) – Robinhood Markets Inc (HOOD.O) became a household name ahead of its stellar IPO last year, when retail investors used its trading app to drive shares of GameStop and other “meme stocks” into the stratosphere, but name recognition has not helped its share price lately. “The market is not being very patient … Read more

Analysis: Will the games stop? SEC mulls crackdown on trading apps

WASHINGTON, Jan. 26 (Reuters) – A year after the “share meme” rally that humbled hedge funds and rattled Wall Street, U.S. regulators are studying ways to crack down on psychic routers used by Robinhood Inc (HOOD.O) and others. From companies without commissions. Brokers to promote stock trading frequently on smartphone applications. The Securities and Exchange … Read more