Bloomberg Technology
M1 Finance CEO on Limiting Trading in Wake of GameStop Frenzy
Jan.29 — Brian Barnes, founder and chief executive officer of M1 Finance LLC, explains why the company decided to curtail buying of some securities in the wake of the GameStop Corp. stock volatility. He speaks with Emily Chang on “Bloomberg Technology.”
Bloomberg Technology
Odd Lots: Why Many Communities Are Skeptical of the AI Boom
From electrical contractors to HVAC engineers, people far from Silicon Valley are quietly asking the same question: Is AI a bubble? Speaking with Joe Weisenthal and Tracy Alloway on Odd Lots, Jasmine Sun explains how local communities weigh the massive economic tradeoffs of multi-year data center projects when they aren’t even sure if the technology—or…
Bloomberg Technology
Why Data Center Pushback Is a Unique Form of NIMBYism
Unlike solar farms or housing projects, data centers face a unique challenge: people don’t just oppose them in their own backyards—they question if we need them at all. On Odd Lots, Jasmine Sun tells Joe Weisenthal and Tracy Alloway why the AI industry and policymakers have failed to make a compelling case for the AI…
Bloomberg Technology
Apple Cuts Jobs as It Reprioritizes Around AI
Apple is cutting jobs across its Vision Pro, Siri, and Intelligent Systems Experiences teams as it redirects resources toward new devices and artificial intelligence. Bloomberg’s Mark Gurman explains where the reductions are happening and how Apple is reshaping its Siri operation around new AI infrastructure. He also looks ahead to Apple’s foldable iPhone and why…
Odd Lots: Why Many Communities Are Skeptical of the AI Boom
Why Data Center Pushback Is a Unique Form of NIMBYism
Apple Cuts Jobs as It Reprioritizes Around AI
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Roman A. Oulko
January 30, 2021 at 12:26 am
Rich want to control us
Chess Dad
January 30, 2021 at 12:30 am
M1 Finance is my favorite. I am not a trader.
Breadley
January 30, 2021 at 12:41 am
They eating themselves with all this finger pointing
JT
February 1, 2021 at 12:34 am
They’re all saying the same thing though.
Harry Rees Finance
January 30, 2021 at 12:50 am
it’s the free market, people should be able to buy and sell as they please. seems like M1’s hand was forced here though, so can’t put any blame on them
Quiet Jagung
January 30, 2021 at 2:34 am
Here is a simple and honest explanation of the facts.
CNBC, Bloomberg and other MSM are trying to spin the facts and confuse the viewers.
Quiet Jagung
January 30, 2021 at 2:43 am
Can high trade in one stock really cause liquidity problem or is it just one more excuse to protect the short sellers?
Doctor Poopypantz
January 30, 2021 at 7:42 pm
Yes, it really can, and Robinhood is in the midst of a meltdown right now. The list of restricted stocks on that platform isn’t just limited to WSB-targeted, heavily shorted stocks anymore. It now includes everything from Starbucks to General Motors, with market caps far too big for the kind of dramatic price action seen in GME. Ripple effects from this ridiculous fiasco. Clients leaving them by the thousands doesn’t help their capitalization problems.
Robinhood deserves to fail as a result of this. Gamestop stock has been a topic for a while now. If RH could foresee this issue and did nothing about it, then they were in on it, and if they couldn’t foresee it, they’re too oblivious to be in business.
JT
February 1, 2021 at 12:34 am
@Doctor Poopypantz no one could foresee this event.
Owen Molloy
January 30, 2021 at 6:19 am
Lying through his teeth
Kyle Zawacki
January 30, 2021 at 8:20 pm
He isn’t though. Clearing houses are a necessary backend component.
taladuga picpwaspwat
January 31, 2021 at 4:43 am
@Kyle Zawacki but say i had gamestop stock… And their decision to restrict allowing buying of Gamestop stock cost me money, because that decision led to 58% crash in the value of Gamestop stock….
Are these platforms going to pay me the loses I incurred due to their decision? Are they?
If not, doesn’t that constitute financial fraud???
The Casual Front
January 30, 2021 at 12:02 pm
There’s a huge gap in the market for a brokerage that doesn’t screw its own customers
Doctor Poopypantz
January 30, 2021 at 7:19 pm
Schwab restricted some stuff, mostly margin stuff, and other option stuff. But there was no restriction on cash buys.
Doonga G
January 30, 2021 at 1:26 pm
He loved every minute of it lol
Juan-Pablo Veizaga
January 30, 2021 at 3:08 pm
All of a sudden its due to the market dynamics that there are now concerns in margins and options because they didnt have the funds to cover. Sounds like a flaw in the system – screw the short sellers. Even out the DECADES of the greedy rich. Power to the people!
mrpmj00
January 30, 2021 at 8:57 pm
SHORT SQUEEZE IS TERRIBLE! it’s called PUMP AND DUMP! I’M A RETAIL INVESTOR AND THIS CAUSED MY PORTFOLIO TO DROP BIG TIME!
STOP IT!!!!
buy Wells Fargo, AMAZON, FACEBOOK, NVIDIA, APPLE, MICROSOFT, NETFLIX
DON’T drive at all and work remotely.
capitol riot means a covid19 petri dish; we need another lockdown. we have Amazon Prime streaming and don’t need to travel
or go to a commercial theater and avoid covid19, mass shooting (gun sales doubled in 2020),
taladuga picpwaspwat
January 31, 2021 at 4:40 am
So who pays the people who lost money due to Robinhood decision to restrict buying of Gamestop stock?? It lost 58% after Robinhood’s move…
Doesn’t that constitute fraud??
I just want to know who is going to jail.
Omar Jimenez
January 31, 2021 at 2:06 pm
Started interview off strong but then stumbled at the end there. Either way I actually like M1.
Built for long term investing which, generally speaking, will remain relatively unaffected but the market frenzy. Yet I still got an email from them explaining what’s going in the market and their decisions. They seem to have better communication with their users
johnb blezer
January 31, 2021 at 11:28 pm
So when the wrong people win, we can’t let that happen?