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The Big Short's Michael Burry Made $270 Million Betting On GameStop

Michael Burry, the hedge fund manager portrayed by Christian Bale in The Big Short, has made a fortune on GameStop's stock after holding it for years. Instead of shorting a stock this time, he played the long game and managed to make an incredible amount of money.

Feb 06, 2021 by Eddie Makuch - Gamespot
Finance News
Robinhood Hit With Class-Action Lawsuit After Shutting Down Trading For GME, AMC

Markets were sent into yet another frenzy of activity today as hundreds of thousands of Robinhood and TD Ameritrade (UPDATE: WeBull, which many RH users were migrating too, has also halted new positions in these stocks) users woke up to find these brokers were no longer allowing any further trades on GameStop ($GME), as well as other notable 'meme' stocks like AMC ($AMC), BlackBerry ($BB), and Nokia ($NOK) as well as cryptocurrency Dogecoin which also started to take off late last night (UPDATE: WeBull, which many RH users were migrating too, has also halted new positions in these stocks).

Jan 28, 2021 by eBaum's World
Finance News
Reddit Trolls Beat the Stock Market, and the Elites Are Really, Really Mad

This is one of those stories that's so good that you have to double check it's not parody. The talk of the stock market right now involves GameStop (among other stocks) and a group of Reddit users that decided to play Wall Street's own game against them.

Jan 28, 2021 by Bonchie - RedState
Finance News
Robinhood Trading App Crashes, Traders Experience Tech Issues Right During Huge Price Crash in Bitcoin Markets

Robinhood trading app crashed today and customers were unable to take profits even before the app's crash. Now, users have taken to social to voice their outrage. Robinhood trading app's latest update appears to have broken the platform, causing significant downtime and blocking customer access to funds.

Mar 30, 2020 by Bitcoinist.com
Crypto News
$14 Billion Commodity Broker Facing Crushing Margin Calls After Mortgage Hedges Go Wrong

We warned last week that, despite The Fed's unlimited largesse, there is trouble brewing in the mortgage markets that has an ugly similarity to what sparked the last crisis in 2007. For a sense of the decoupling, here is the spread between Agency MBS (FNMA) and 10Y TSY yields...

Mar 26, 2020 by ZeroHedge
Finance News



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