CNN's iReport looks at the business model of online trading sites like gamestop and robin hood. The company is taking a hard look at how it does business, unlike sports betting companies who are more open to new revenue models. A recent study found that 51% of retail investors say they hold game stop or doge securities. That just tells you what the psyche as of these new traders may be about gambling.
September ends up being the worst month of the year for investors. Merck shares pop on encouraging results from its Covid-19 pill study. Alphabet and General Motors move one step closer to getting self-driving ride-sharing services on the road in California. Amazon unveils Astro, a $1,000 robot for your home. Warby Parker makes a strong debut on Wall Street. Zoom Video and Five9 call off their marriage. Andy Cross and Ron Gross analyze those stories and the latest from Bed Bath & Beyond, McCormick, Dollar Tree, and Sherwin-Williams. They also share why PubMatic and Editas are on their radar.
Plus, Melissa Lee discusses the intersection of online betting, stock trading, and gaming in the upcoming CNBC primetime documentary “Generation Gamble”.
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