“Consideration should be given to whether game-like features and celebratory animations that are likely intended to create positive feedback from trading lead investors to trade more than they would otherwise,” the report concludes. In particular, the report calls for new scrutiny of Robinhood’s gamification efforts, as well as the company’s “payment for order flow” revenue model. But while the SEC report does not find reason to doubt Tenev’s explanation, it does raise significant new questions about other aspects of the company’s business model. The most controversial incident came when Robinhood, the stock trading app at the center of much of the hype, announced it would no longer allow users to purchase GameStop stock - a move CEO Vlad Tenev attributed to an inability to cover orders while meeting deposit requirements. may cause broker-dealers to find novel ways to increase customer trading”
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The result allowed surges of investor interest to create wild swings in price, driving the stock up to nearly 20 times its original value. The SEC names a number of overlapping causes for the GameStop rally: Significant price shifts, large changes in the volume of trading, leveraged bets from short-sellers, and significant public attention driven first by online communities like /r/wallstreetbets and later by establishment media. From January 13th to 14th alone, the number jumped by more than 50,000. Over the course of January 2021, the number of daily unique traders increased from less than 10,000 to nearly 900,000. The SEC report illustrates the sudden interest in GameStop by tracking the number of unique accounts that traded the stock each day.
#GAMES LIKE ANNO STOCK MARKET FULL#
The SEC has been promising a full report on the situation for months - but the report delivered today will do little to quiet concerns.
![games like anno stock market games like anno stock market](https://www.technorms.com/assets/Best-Stock-Market-Game-Apps-1.png)
In January, a cohort of online investors rallied around GameStop, driving up the share price of a company that had been on the verge of bankruptcy and spurring accusations of market manipulation from both sides. In January, the number of daily GameStop traders jumped from less than 10,000 to nearly 900,000