A report by the SEC released Monday that investigated the trading controversy surrounding GameStop earlier this year has challenged the role of "game-like" trading apps.
While the media painted a rosy David vs. Goliath story, the actual implications of the GameStop saga are far darker and still result in hedge fund profits.
Don't expect an apology from the commercial, which contains a lot of flowery and positive language, without acknowledging Robinhood's controversial decision to temporarily stop GameStop stock buys.
Some members of the Wall Street Bets Reddit group that facilitated the GameStop stock hike have turned their attention to driving up silver prices, and Winklevoss thinks gold could be next.
Elon Musk interviewed Robinhood CEO Vlad Tenev on Sunday night on the audio app Clubhouse. He asked Tenev about why Robinhood stopped users from trading "meme stocks" such as GameStop.
Thanks to some financially savvy Redditors, and a push from Elon Musk, a number of flailing companies, including GameStop, are having a great week on the stock market. Here's what you need to know.