GameStop short squeeze

Beware the apes, Reddit told the world in its IPO documents, though not in such explicit terms. Put simply, the company warned potential investors that one of its subreddits, the infamous r/WallStreetBets, could make its stock price and volume extremely volatile—and there’s little Reddit can do about it.Robinhood App Lays Off 9% of StaffReddit listed r/WallStreetBets as one of the possible risks to investing in the company in its S-1 form on Thursday, referencing the subreddit’s role in the meme stock craze of 2021, where…

Photo: Oliver Douliery (Getty Images)Robinhood, the self-proclaimed ‘Democratized Finance’ app accused of misleading and ripping off retail investors will have to cough up another $30 million to appease regulators. That raises the company’s overall regulatory penalty and settlement tab well above $100 million.In a filing Tuesday, the New York State Department of Financial Services ordered Robinhood’s cryptocurrency division to pay the hefty penalty and accused the company of engaging in, “significant…

Tesla CEO Elon Musk, who last year proclaimed himself the “Dogefather,” wants you to know that he never told people to invest in cryptocurrency, sparking confusion among those familiar with his enthusiasm for the subject. Speaking on Tuesday at Bloomberg’s Qatar Economic Forum, the richest man in the world stepped away from his past bullishness on cryptocurrency, a move that seems fitting given all virtual currencies’ recent downward spiral. He even went so far as to suggest he’s only supporting dogecoin as a favor to…