Author: tremendousblog
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As it prepares to IPO this week, Robinhood Markets, Inc. is facing several class action lawsuits from its users. Inside those lawsuits, an explosive claim: High level executives and employees of Robinhood and Citadel Securities were in contact around the time Robinhood restricted trades, according to the complaint. This lawsuit…
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We all know The Sopranos is the greatest television show of all time. And yes, I’m a little obsessed. So when I had the opportunity to the attend Sopranoscon on Saturday in Atlantic City, NJ, I had to do it! The best part about the convention was seeing the show…
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I’ve been an huge Sopranos fan for many years. I’ve seen every episode at least 5 times. So when I got the opportunity to attend Sopranoscon this Saturday in Atlantic City, NJ, I was so excited! As I came to the head of a long line of Sopranos fans, many…
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On a quiet side street in Union City, NJ is a small storefront. Inside: some of the best Mexican food in the country. La Piedra del Sol is run by a lovely family from Oaxaca, Mexico, a region known for its cuisine. While we often think of California or Texas…
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Melvin Capital, among other hedge funds, has taken severe losses on bad bets in AMC, GameStop and others. They are now down by almost half: Melvin Capital Management, which lost more than $6 billion in January, is now down 46% for the year through June, the fund recently told investors.…
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+ Business+ AMC, Finance, Gamestop, Hedge funds, Investing, Money, Personal finance, Reddit, Stock Market, Stocks, Wallstreetbets+
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Short sellers in AMC Entertainment Holdings, Inc. got slaughtered yesterday: Dusaniwsky, managing director at short-selling data provider S3 Partners, told Barron’s he estimates 75.8 million AMC shares are sold short, or roughly 15% of shares available for trading. There has been some covering, as he estimates shares shorted are down…
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Amid deepening poverty, escalating COVID cases and a lack of vaccines, Cubans are doing something very brave: protesting against the Communist dictatorship in the largest demonstrations in six decades. I can’t even imagine how afraid they must be, but they’re out there. And activists need to be able to coordinate…
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Didi Chuxing, or “Honk Honk Taxi”, was one of the greatest success stories of Chinese tech. Founded in 2012, it broke out just months later by providing rides during a heavy Beijing snowstorm. A regular taxi was impossible to get, but Didi came through. After that, the company was on…
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Despite losses of nearly $4 billion so far this year shorting stock in AMC Entertainment Holdings, Inc., short sellers are actually increasing their bets against the company: As AMC tests its key 50-day moving average support level, short bets against the company are increasing, according to data from S3 partners.…
Tremendous 