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Reddit says it has filed with SEC to go public

ABS-CBN News
Posted at Dec 16 02:16 PM

Social media platform Reddit said Wednesday it has confidentially submitted a draft registration with the US Securities and Exchange Commission to go public on Wall Street. Read more »

Google employees who work from home could lose money

Danielle Kaye, Reuters
Posted at Aug 10 06:39 PM

Google employees based in the same office before the pandemic could see different changes in pay if they switch to working from home permanently. Read more »

GameStop ends up 7.3pct after wild swings, other 'meme stocks' soar

Saqib Iqbal Ahmed and Sinéad Carew, Reuters
Posted at Mar 11 09:08 AM

GameStop ended 7.3 percent higher on Wednesday after wild gyrations in the resurgent rally that has vaulted shares of the video game retailer and other so-called meme stocks closer to the peaks of late January.   Read more »

GameStop CFO to step down after Reddit driven stock rally

Jessica DiNapoli and Subrat Patnaik, Reuters
Posted at Feb 24 08:11 AM

GameStop Chief Financial Officer Jim Bell will step down next month, the video game retailer said on Tuesday, as it focuses on shifting into technology-driven sales in the wake of headline-grabbing big betting in its stock. Read more »

GameStop key players tell US lawmakers no manipulation

ABS-CBN News
Posted at Feb 19 08:20 AM

Key players involved in the trading frenzy centered on GameStop shares told skeptical US lawmakers on Thursday that their actions were above board and in line with ordinary stock market business. Read more »

Robinhood, hedge fund manager defend Gamestop moves ahead of hearing

Pete Schroeder, Reuters
Posted at Feb 18 09:09 AM

A Wall Street hedge fund manager, the chief executive of Robinhood and a YouTube streamer known as "Roaring Kitty" laid out their defense on Wednesday ahead of a grilling by lawmakers over the Reddit-fueled rally in retailer GameStop Corp. Read more »

Betting on Biden? Reddit fuels fresh surge in cannabis stocks

Danilo Masoni and Julien Ponthus, Reuters
Posted at Feb 11 10:52 PM

Shares in North American cannabis firms were heading for new highs on Thursday, with Reddit-inspired retail investors betting they could beat the short-sellers and benefit from new legislation that is expected under US President Joe Biden.   Read more »

GameStop, 'Reddit rally' stocks slide more, Yellen vows scrutiny

Tom Westbrook and Susan Mathew, Reuters
Posted at Feb 05 08:47 AM

Shares of GameStop Corp and others favored recently by retail investors fell further on Thursday, while US Treasury Secretary Janet Yellen said she needed to "understand deeply" the trading frenzy that has gripped Wall Street. Read more »

Regulators to meet as brokers call time on Reddit-trader rollercoaster

Reuters
Posted at Feb 03 04:06 PM

Hedge funds, small investors and their stockbrokers are bracing for tougher US markets regulation, with officials expected to meet this week to assess the fallout from a social-media driven trading frenzy that has roiled stocks and silver prices.   Read more »

The long and short of it: GameStop and other market squeezes

Sujata Rao, Reuters
Posted at Feb 03 06:32 AM

Short trading involves borrowing shares and selling them on with the aim of buying them back later more cheaply and pocketing the difference. But it can be a risky bet.   Read more »

GameStop: Two US senators call for Wall Street reform

Agence France-Presse
Updated as of Feb 01 09:19 AM

Amateur investors who organized over Reddit and other online forums have in recent days targeted shares of companies including GameStop that had been "short-sold" by hedge funds in a bet that the price of the shares would fall.    Read more »

Reddit users say GameStop rocket is revenge of the masses

Glenn Chapman, Agence France-Presse
Posted at Jan 29 04:49 PM

For some Reddit users, GameStop's dizzying rocket ride on Wall Street is a case of the masses rebelling against one-percenters hoarding the world's wealth.   Read more »

Epic battle over GameStop as 'nerds' take on Wall Street

Daniel Hoffman, Agence France-Presse
Posted at Jan 28 12:36 PM

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. Read more »

Reddit to buy TikTok rival Dubsmash

ABS-CBN News
Posted at Dec 14 10:31 PM

Social network firm Reddit said on Sunday it would buy short-video platform Dubsmash, becoming the latest company to expand in a space dominated by Chinese-owned TikTok. Read more »

TikTok urges social media alliance against suicide content

Agence France-Presse
Posted at Sep 22 09:45 PM

TikTok on Tuesday proposed an alliance with nine other social media platforms to work collectively and rapidly to remove suicide content, following an incident this month when a man killed himself on Facebook. Read more »

Twitch, Reddit hate crackdown targets Trump, supporters

Agence France-Presse
Posted at Jun 30 03:21 AM

Reddit on Monday said it yanked a forum used by supporters of President Donald Trump as part of a crackdown on hateful posts at the popular online bulletin board while the game streaming platform Twitch briefly suspended the president.   Read more »