Retailers like Antonline, GameStop, and Walmart have all restocked the PlayStation 5 console this week.
The blow to Robinhood's reputation couldn't have come at a worse time, as the company is planning an IPO sometime in early 2021.
Two major retailers have restocked the PlayStation 5 console since Wednesday—and bundles were available today.
Short selling stocks is an inherently risky bet due to the nature of the transaction. So why were there tens of billions of dollars invested in short positions in 2020 if the bets carry an added layer of risk for both retail investors and hedge funds?
GameStop, as well as other "meme stocks" like AMC, BlackBerry, Naked Brand Group, and Koss Corporation, have seen a boost on Monday morning.
Find out what the latest PlayStation 5 stock situation is at major retailers following numerous restocks in February.
The Xbox Series S is currently available to buy at numerous retailers, though the Series X is less widely available.
The Sony PlayStation 5 console has been largely unavailable since it was first released in November 2020.
The video game retailer's stock shot up by more than 80 percent to reach $170 in New York on Thursday as the markets opened—and r/WallStreetBets was a flurry of activity.
On February 18, the House Committee on Financial Services held a hearing on the events surrounding the GameStop trading frenzy that took place in late January.
On Tuesday, filings disclosed by Burry's hedge fund, Scion Asset Management, showed the firm selling 1.7 million shares of GameStop in the fourth quarter.
"PFOF" came up in Thursday's House Financial Services Committee hearing, which is centered on the recent frenzy over GameStop's stocks.
The website has over 2,000 reported outages, mostly in New York, according to Down Detector.
Remarks from Robinhood's Vlad Tenev, Reddit's Steve Huffman and more witnesses were all made available online ahead of Thursday's hearing.
They're participating—along with key figures from two separate hedge funds—in a virtual hearing that begins at noon ET on Thursday.
A supply shortage combined with high demand means that the PlayStation 5 continues to be elusive to gamers.
Gamers may have to wait a few more months before either the Xbox Series X or Xbox Series S become readily available.
Palihapitiya is a corporate-friendly, Third Way centrist, with a sprinkle of social justice rhetoric but also an intense devotion to libertarian free-market triumphalism.
"I know how much people like Kylie Jenner get paid for having the social media account followings that they have. Unfollow them," said Gina Bologna on TikTok.
The Republican senator said it would be a "big problem" if trading apps acted in concert with Wall Street.
Both the rioter camp and the Redditor camp believed in false narratives.
GameStop stock closed under $100 per share for the first time in over a week, experiencing its largest 24-hour price drop after a trading frenzy that included a brief peak of $483 last week.
In an AMA on r/WallStreetBets, the billionaire touched on a bunch of points to the aspiring traders.
The real-life "Wolf of Wall Street" made some small adjustments to Leonardo DiCaprio's famous "I'm not leaving" monologue from the 2013 film, to address traders frustrated by limitations put on the trading of meme stocks.
Robinhood continued to limit trading Monday in short-squeeze candidates, but removed limits it had placed on 50 stocks, with the exception of GameStop, AMC, Blackberry, Express, Genius Brands, Koss, Naked Brand and Nokia.
These meme stocks have exploded since last Wednesday after a Reddit-inspired Wall Street boom last week.
"And now the crackdown will begin. Get ready to be told that retail investors are the problem," the Missouri senator wrote in an op-ed Monday.
The late-night host's comments came amid the Wall Street frenzy that saw amateur investors from Reddit's WallStreetBets community disrupt hedge funds last week by taking on those short-selling GameStop stocks.
Melvin Capital lost 53 percent on its investments in January alone.
The Democratic Massachusetts senator stressed that the recent GameStop frenzy is a symptom of a much larger "rigged game" on Wall Street.