Category: Business
-
+
+
+
+
+
+
GameStop plans to fire its CEO, Reuters reports: GameStop Corp is looking for a new chief executive to replace George Sherman as it pivots from a brick-and-mortar video game retailer to an e-commerce firm, three people familiar with the matter said on Monday. It would be the biggest shakeup at…
-
+
+
+
+
+
+
Social-media trading star Keith Gill, known by his social-media nickname Roaring Kitty posted what is believed to be a screenshot of his trading portfolio to Reddit Wednesday afternoon that may show a massive position in videogame retailer GameStop Inc. made up of almost $19 million in equity and $8.9 million…
+
+
+
+
+
+
+ Business+ Gamestop, GME, Hedge funds, Investing, Meme stocks, Michael Jordan, Money, NBA, Personal finance, Reddit, Stock Market, Stocks, Wallstreetbets+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
Special Purpose Acquisition Companies, or SPACs, have become all the rage in the last year. These “blank check” companies raise money from investors and then look for a company to acquire. They’re multiplying like rabbits: More than 300 such blind pools have come public so far this year according to…
+
+
+
+
+
+
+ Business+ Acquisitions, Finance, Financial markets, Investing, M&A, Mergers, Money, Personal finance, Private companies, SPACs, Stocks, Tech+
+
+
+
+
+
+
+
+
+
+
+
-
For fourteen years, four months and eleven days, I worked in software. My job was like a lot of jobs: conducted in a cubicle or sometimes remotely, during regular business hours, and almost every week of the year. In July of 2019, I left that job to make my investment…
+
+
+
+
+
+
+ Cubicle life, Entrepreneur, Entrepreneurship, Financial freedom, FIRE, Investing, Small Business, Stock Market+
+
+
+
+
+
+
+
+
+
+
+
-
Traders on Reddit’s Wallstreetbets who are pumping GameStop stock could get in trouble with the law. From Lawyer Monthly: There’s no clear indicator that what occurred is illegal, but it certainly falls within a shady area. A large number of the investors who joined in, certainly in the later stages,…
-
Credit Suisse and Nomura just did the first stock trades settled via blockchain technology: This week Credit Suisse cut some US equities trades with the Nomura-owned broker Instinet, using blockchain. This technology has been used before to verify other kinds of transactions. But these trades were a “first” because settlement…
+
+
+
+
+
+
+ Bitcoin, Blockchain, Crypto, Day trading, Ethereum, Finance, Financial markets, Investing, Software, Stock Market, Stocks, Tech, Trading+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
Nestled in the Austrian Alps is the tiny village of Worgl. In 1932, as the world economy was in the depths of the Great Depression, Worgl too had fallen on hard times: What followed was one of the most radical economic experiments in history. The town created a new form…
-
Palantir Technologies’ business is largely driven by government contracts. So far in 2021, despite a new Department of Energy contract, the overall picture is not looking good: The Department of Energy win could potentially add $18 million in incremental revenue per year, but Mielczarek says that, otherwise, the investment firm’s…
-
+
+
+
+
+
+
I came across an incredible stat last night: Worldwide venture funding has nearly doubled YoY reaching $125B and grew by half QoQ in Q1 2021, according to Crunchbase. On average, two startups crossed the unicorn valuation threshold each working day during the first three months of the year. Users increasing…
+
+
+
+
+
+
+ Angel, Angel Investing, Angel Investor, Silicon Valley, Software, Startup, Startups, Tech, VC, Venture, Venture Capital+
+
+
+
+
+
+
+
+
+
+
+
-
Credit Suisse keeps getting smacked. Let’s review a few of their recent scandals: $4.7 billion charge for losses in trades with Archegos Capital Management, the imploding hedge fund $1.5 billion loss likely in dealings with collapsed supply chain finance company Greensill Capital, just three weeks prior Bonus scandal: Former CEO…
+
+
+
+
+
+
+ Business+ Archegos, Bankruptcy, Banks, Credit Suisse, Finance, Financial markets, Greensill, Investing, Stock Market, Stocks, Wall street+
+
+
+
+
+
+
+
+
+
+
+
Tremendous 