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Industry Keyword: AMC

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Robinhood, others win dismissal of meme stock ‘short squeeze’ lawsuit

A US judge dismissed a lawsuit accusing Robinhood Markets and other brokerages of wrongly preventing retail investors from buying fast-rising "meme stocks," triggering a sell-off. In a decision on Wednesday, Chief Judge Cecilia Altonaga of...

AMC Entertainment to accept bitcoin and other cryptocurrencies

AMC boss Adam Aron said the theater chain would accept ether, bitcoin cash and litecoin alongside bitcoin for ticket purchases, as cryptocurrencies gain acceptance among mainstream investors and companies. "Cryptocurrency enthusiasts: you likely know @AMCTheatres...

Meme stocks soar in late day trading surge, short sellers knocked

Shares of several retail trading darlings, including AMC Entertainment and GameStop, surged in heavy volume yesterday, on no apparent news, dealing over $1 billion in losses to short sellers. While broad market indexes rose modestly...

Reddit valued at $10 billion in new funding round

Reddit will raise up to $700 million in a fundraising round led by Fidelity Management, the social media network has said, cashing in on a jump in its influence in the financial world to...

Robinhood shares dive; filing sparks worries early investors could sell

Shares of Robinhood Markets Inc have tumbled, snapping a four-day winning streak, after the newly public online brokerage said early investors may sell nearly 98 million shares. Robinhood’s shares finished down 27.6% at $50.97 a...

Robinhood, gateway to ‘meme’ stocks, raises $2.1 billion in IPO

Robinhood Markets Inc, the owner of the trading app which emerged as the go-to destination for retail investors speculating on this year's "meme' stock trading frenzy, raised $2.1 billion in its IPO. The company was...

GameStop jumps more than 16% as ‘meme’ stocks roar higher

Shares of GameStop soared 16.3% on Tuesday after hitting their highest level since late March, and other so-called "meme" stocks also rallied as investors shifted back into the retail favorites that had notched big...

Reddit recovers from outage amid heavy trading in GameStop

Reddit recovered from an hour-long outage that affected thousands of users on Wednesday afternoon as volatility returned to stocks that were previously at the center of a slugfest between retail traders and Wall Street. Videogame...

AT&T’s Xandr announces new advertising partnerships

AT&T Inc's advertising unit Xandr has stated that it is partnering with Walt Disney Co, AMC Networks and sister company WarnerMedia to make it easier for advertisers to buy television commercials across the networks. Since...