Category: GameStop

Hedge fund that shorted GameStop closes as $1.13B GME stock offer completes

June 23, 2021

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One of the hedge funds badly burned in the infamous GME social media driven short squeeze is closing down, while GameStop itself has just completed its $1.13 billion equity offering. According the Financial Times, London-based White Square Capital operated by Florian Kronawitter has closed its main fund and will return capital to investors. White Square […]

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Reddit, Robinhood, Citadel CEOs to Testify at GameStop Hearing

February 15, 2021

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The U.S. House Committee on Financial Services hearing will investigate issues around the recent trading surge for shares of GameStop and other companies. Feb 15, 2021 at 12:39 p.m. UTC Reddit, Robinhood, Citadel CEOs to Testify at GameStop Hearing The CEOs of Robinhood, Citadel, Melvin Capital and Reddit will testify at a U.S. House Committee […]

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Preston Byrne on GameStop, Online Mobs and Marmots

February 7, 2021

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Preston Byrne is a partner in Anderson Kill’s Technology, Media and Distributed Systems Group, and a CoinDesk columnist. He joins CoinDesk Features Editor Ben Schiller to discuss his recent op-ed about GameStop, Robinhood and the rise of online mobs. Schiller spoke to Byrne about: The rise of online mobs from GameStop to Capitol Hill and […]

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Wall Street Is ‘The Hunger Games’ With Suits

February 7, 2021

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A reading of Ben Hunt’s latest essay for Epsilon Theory.

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State of Crypto: How Will the Government React to GameStop?

February 2, 2021

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Also: Ripple filed its response to the SEC and a FinCEN official discusses the controversial counterparty rule in public for the first time. Feb 2, 2021 at 3:30 p.m. UTC State of Crypto: How Will the Government React to GameStop? Welcome to State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and […]

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Mark Cuban Hails ‘Store of Value Generation’ Taking on Wall Street

February 1, 2021

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Cuban believes WSB traders are applying the principles of the crypto world to the stock market. (Steve Jennings/Getty Images/TechCrunch) Feb 1, 2021 at 1:52 p.m. UTCUpdated Feb 1, 2021 at 2:24 p.m. UTC Mark Cuban Hails ‘Store of Value Generation’ Taking on Wall Street Mark Cuban, the billionaire owner of the National Basketball Association’s Dallas […]

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GameStop, Robinhood and the Failure of Un-Free Markets

January 30, 2021

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The latest in the saga of WallStreetBets vs the world.

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The Small Guys Rebel Against Their Big-Brother Hedge Funds

January 30, 2021

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In this episode, Anna Baydakova, Tanzeel Akhtar and Danny Nelson discuss what the GameStop stock market chaos can teach crypto, why the Bank of International Settlements is pitching central bank digital currencies (CBDC) instead of crypto, and the privacy concerns around China’s digital yuan. The big story for the week involves the Reddit-based trading community […]

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All Over the World, Small Investors Jump Into the GameStop Frenzy

January 29, 2021

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GameStop’s 900% gain (and the wipeout of Wall Street shareholders) is the talk of financial markets from stocks to crypto.(GameStop, modified by CoinDesk) Jan 29, 2021 at 10:28 p.m. UTC All Over the World, Small Investors Jump Into the GameStop Frenzy The world is watching U.S. markets with great interest, and more than a little […]

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The GameStop Stop Is Not a Technology Problem

January 29, 2021

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Robinhood didn’t halt GameStop trading to punish retail players. It reacted to market risk. And, no, blockchain wouldn’t have fixed this. (Dwight Burdette/Wikimedia Commons) Jan 29, 2021 at 9:34 p.m. UTCUpdated Jan 29, 2021 at 10:05 p.m. UTC The GameStop Stop Is Not a Technology Problem You may have heard: Yesterday, amid an enormous rally […]

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