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Marker
Pop business for the intelligent reader. A publication from Medium.

Trading

In Marker. More on Medium.

Reddit’s WallStreetBets isn’t the only online hangout for passionate amateur traders

The Discord app displayed on the screen of an iPhone.
The Discord app displayed on the screen of an iPhone.
Photo: Fabian Sommer/picture alliance/Getty


CEO Vlad Tenev made every crisis mistake in the book

Co-founder and co-CEO of Robinhood Vladimir Tenev speaks onstage during TechCrunch Disrupt NY 2016
Co-founder and co-CEO of Robinhood Vladimir Tenev speaks onstage during TechCrunch Disrupt NY 2016
Photo: Noam Galai/Stringer/Getty Images


Number Crunch

$359 million worth of GameStop shares failed to deliver because buyers didn’t have the cash or sellers didn’t have the shares

Number Crunch logo next to 8-bit styled Space Invaders-like aliens with the text “$359 million: The value of GameStop shares that “failed to deliver” on Jan 28 because buyers didn’t have the money, or sellers didn’t have the shares, to settle trades. Source: Bloomberg”
Number Crunch logo next to 8-bit styled Space Invaders-like aliens with the text “$359 million: The value of GameStop shares that “failed to deliver” on Jan 28 because buyers didn’t have the money, or sellers didn’t have the shares, to settle trades. Source: Bloomberg”


The takeaway from the Reddit-fueled stock mania isn’t a moral lesson — it’s a practical financial lesson

Photo: Michael M. Santiago/Getty Images


Robinhood traders and Redditors are profiting off this. But they aren’t the only ones.

GameStop store signage is seen on January 27, 2021 in New York City.
GameStop store signage is seen on January 27, 2021 in New York City.
Photo: Michael M. Santiago/Getty

What is shorting?


Illustrations: Shira Inbar

The $8.3 billion stock trading startup fumbled into the financial crisis — and is now winning it

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