Business

Twitter shares up after hedge fund bets against Musk

Twitter shares jumped Wednesday after a hedge fund revealed it had taken a stake in the firm based on its "strong case" against Elon Musk for moving to back out of his $44 billion buyout bid.

Business

GameStop finally announces a share sale

Two months after a market phenomenon took shares of GameStop to the moon, the video game retailer said Monday that it will sell up to 3.5 million of its shares with the price still vastly elevated.

Business

Trading app Robinhood says facing US regulator inquiries

Stock trading app Robinhood on Friday confirmed it is cooperating with inquiries from US regulators into its decision to temporarily throttle purchases of shares in companies such as GameStop during frenzied trading in January.

Business

US market regulators to study recent trading frenzy

US financial market regulators will study the trading frenzy last week that saw shares like GameStop soar, and ensure investors are protected, the Treasury Department said Thursday.

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