Retail investors have become a powerful force on the stock market. Insider's new column offers novice traders advice on how to succeed with stocks.
"Bond King" Jeffrey Gundlach, Chris Sacca, and Jim Chanos have also cautioned retail investors not to speculate wildly or take too many risks.
There are meme-stock investors "that love these companies they want them to thrive," Tenev said in an interview on Thursday.
Robinhood plans to allocate up to 35% of its listing to retail investors buying through its own app.
The company also outlined its plans to continue to grow revenue if US regulators ban payment for order flow, at the heart of its business model.
Half of UK investors said they would cut back on other spending to fuel their retail investing habits, the Barclays Smart Investor survey found.
"High levels of initial interest in our stock at the time of this offering may result in an unsustainable trading price," the company said.
The number of monthly active users jumped by 6 million in the first three months of 2021 to 17.7 million from 11.7 million at the end of December.
Retail investors and Wall Street are already heavily invested in meme stocks, leaving few left to buy into the theme, Burry said.
The stock was the top order from retail traders on Fidelity, beating Exela Technologies and AMC Entertainment.
Retail traders are bullish on the stock because of a high short interest and the end of the lockup period.
San Francisco-based Marin Software, which provides marketing software for advertisers according to its website, has surged 247% since Monday.
"They see it as more than just a trade or an investment. They see it as a movement," one expert said.
Fidelity was once the largest shareholder of GameStop with 9.3 million shares before selling the stake ahead of the meme-stock frenzy.
"The momentum from meme investing has likely passed" for Bed Bath & Beyond, Bank of America analysts said.
80% of Gen-Z investors and 60% of Millennial investors borrowed money to put into stocks, a new survey shows.
The bank held a greater than 5% stake on June 16, before dropping below that threshold the next day.