Robinhood Faces 458% Spike in Crypto Customers–Massive Increase from 1.7 Million to 9.5 Million in Q1 of 2021
Joen Coronel, 09 April 2021
On Thursday, Apr. 8, Robinhood announced a staggering surge in the number of its customers who engage in cryptocurrency trading. The financial services company which was founded on Apr. 18, 2013, has recorded that 9.5 million people have used the platform during the first quarter of this year.
The said number shoots up to a stupendous 458% increase in users, which only accounts for 1.7 million in 2020’s Q4.
How Robinhood Sudden Became Popular in Crypto Trading Continue reading “Article: Robinhood Faces 458% Spike in Crypto Customers–Massive Increase from 1.7 Million to 9.5 Million in Q1 of 2021”
GameStop stock surge lingo: Here’s what Reddit’s WallStreetBets vocabulary means
Katie Conner, 19 March 2021
Reddit’s community, WallStreetBets, is still assisting in the rise of GameStop’s stock, which is currently sitting at $272 per share and even hit an all-time high last week. Reddit users are battling it out with Wall Street to keep GameStop’s stock prices soaring while Wall Street expected a crash. Small investors are using Reddit communities to drive “meme stocks,” causing short sales and https://www.investopedia.com/terms/s/shortsqueeze.asp. And it’s not just GameStop. Other companies, like AMC and Nokia, have also been affected by the coordinated surge.
No, this doesn’t mean you should necessarily drop everything and fully invest in the stock of the moment. Some are calling the market manipulation a “Ponzi scheme,” and the stock price will likely even out once the hullabaloo dies down.
In fact, broker TD Ameritrade restricted trading of the GameStop and AMC stocks on Jan. 26 and continues to post an advisory note to clients about market volatility. Trading app Robinhood followed suit on Jan. 27 in response to the runaway growth — the company got itself into trouble by restricting stock trades and will be closely reviewed by the SEC (It’s currently limiting buys on AMC and GameStop stocks). The White House has said it’s monitoring the situation.
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The Elon Musk Effect: The Timeless Power Of Disruption And Brand Authority
Ben Constanty, 25 February 2021
The odds are good that you have been impacted by the network effect, or when a product increases in value when more individuals begin adopting and using said product. A few examples include the telephone and the internet.
Company CEOs such as Elon Musk have recently expedited this process by using their personal brands to create a massive network effect in different industries. To get a better understanding, we need to dive in further. Continue reading “Article: The Elon Musk Effect: The Timeless Power Of Disruption And Brand Authority”