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Sours: https://funny-hood-comedy.tumblr.com/
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Ten best Robinhood memes: Twitter responds to GameStop ban on app!

What started out as a ‘meme stock’ situation has spiralled into a long line of others — que Twitter’s Robinhood memes. Read on to find out what happened with Robinhood and the best memes about it.

In a turnout of internet history, subreddit r/WallStreetBets trolled Wall Street by surging the prices of retailer GameStop stocks after noticing that hedge funds were planning on shorting the low priced stocks.

The surge saw stock prices increased from $ to $, meaning anyone who had stock made a lot of money, while those who had sold their borrowed ones lost a lot when buying them back.

It’s confusing, we know, so here’s our handy low-down on what happened.

UKRAINE - /05/ In this photo illustration a Robinhood logo seen displayed on a smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)

Robinhood closed the stocks

Robinhood is a stock-trading app, and following on from recent events announced it was restricting users from purchasing some shares. GameStop, AMC and Blackberry were among those facing restrictions.

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In return, users rated the app low on the app store, and swiftly turned sights to Dogecoin stocks instead.

Unsurprisingly, memes ensued about both GameStop and the Robinhood app.

This photo illustration shows the logos of video grame retail store GameStop and trading application Robinhood in a computer and on a mobile phone in Arlington, Virginia on January 28, - An epic battle is unfolding on Wall Street, with a cast of characters clashing over the fate of GameStop, a struggling chain of video game retail stores. The conflict has sent GameStop on a stomach-churning ride with amateur investors taking on the financial establishment in the mindset of the Occupy Wall Street movement launched a decade ago. (Photo by Olivier DOULIERY / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images)

Best Robinhood memes

Whether the stock market goes right over your head or if you’ve been watching the action closely, these memes are hilarious.

A moment of silence for Robinhood’s customer service right now:

How Robinhood users are feeling:

If you don’t get the stock market, at least the memes are hilarious:

Real-life footage of trying to explain the events:

We need this Netflix documentary, and we need it now:

In other news, 7 times Sommer Ray and Cole Bennett were couple goals on TikTok

Have something to tell us about this article?Let us know

Sours: https://www.hitc.com/en-gb//01/29/robinhood-meme/
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Robinhood’s shares jump as much as 65 percent, like the meme stocks it enabled.

Robinhood, meme thyself.

The stock trading app that helped fuel a frenzy by small investors earlier this year soared on Wednesday in trading that had all the hallmarks of the “meme-stock mania” that drove up prices of companies like AMC Entertainment and GameStop.

Robinhood’s shares rose as much as 65 percent to $77, double their price at the end of last week, and trading was briefly paused by the Nasdaq stock exchange. They ended the day up percent. It was a second day of sharp gains after jumping 24 percent on Tuesday.

Robinhood became a publicly traded company only last week. It priced its initial public offering at $38 a share, but the stock stumbled in its first day of trading on Thursday, finishing down more than 8 percent.

Since then, however, buyers have emerged, especially among the ranks of individual investors that the company caters to. On Wednesday, the stock shot to the top of Fidelity’s list of orders from the traders at its brokerage unit, suggesting that demand from day traders is driving the surge in the shares.

Ark Invest, the money management firm run by the social media-savvy stock picker Cathie Wood, has also been buying shares of Robinhood for the exchange-traded funds that serve as her investment vehicles. Daily disclosures of her holdings — which are closely followed and sometimes mimicked by day traders — have shown her buying more than million shares of Robinhood, giving her a stake worth over $ million at the peak of Wednesday morning’s surge.

Here’s what else is happening in markets today:

  • The S&P fell percent on Wednesday. The Nasdaq composite ticked up percent.

  • The Stoxx Europe closed with a percent gain.

  • Oil prices continued to fall, with West Texas Intermediate, the U.S. crude benchmark, down as much as percent to $ a barrel.

  • Spirit Airlines said it expected flight cancellations to ease by Thursday. The airline canceled more than 60 percent of flights on Tuesday and had scrapped about 60 percent of Wednesday’s flights as of late afternoon, according to the flight-tracking website FlightAware. Spirit said in a statement that it had done a “thorough reboot of the network” and blamed the disruption, which began over the weekend and has affected hundreds of flights each day, on “overlapping operational challenges including weather, system outages and staffing shortages.” The airline’s shares fell about percent.

  • Lyft fell percent on Wednesday. Despite reporting strong growth for the second quarter on Tuesday, it lost $ million.

  • Uber fell percent in after-hours trading after it published its company results. It made a profit of $ billion in the last quarter, but after adjusting for a one-time gain its losses were $ million.

  • Shares of General Motors fell 9 percent. The company reported a jump in profit in the second quarter, but G.M.’s chief executive, Mary T. Barra, said a global shortage of computer chips would continue to be a problem until next year.

Sours: https://www.nytimes.com//08/04/business/robinhood-stock-price.html

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He felt how his life, creaking and breaking away from the beaten track, makes a sharp turn. She's back. Again, friendly, smiling. She took his jacket from him, touched his hand with the tips of her fingers, passing the number.



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