Category: Business
-
NBA Top Shot’s popularity is exploding. Users pay to own an iconic basketball image or video clip, such as Lebron James dunking on someone (plenty of those choose from!). Their ownership is recorded on the blockchain in what’s called a Non-Fungible Token (NFT). NBA Top Shot is a creation of…
+
+
+
+
+
+
+ Basketball, Blockchain, Crypto, Cryptocurrencies, Cryptocurrency, Dapper Labs, Entrepreneur, NBA, NFT, NFTs, Startups, Venture Capital, YouTUbe+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
Reopened restaurants are finding it increasingly difficult to find workers: Capacity restrictions and distancing requirements have drastically cut wages for workers like servers, who rely on tips to make up for an hourly wage at or near the federal tipped minimum of $2.13 in many parts of the country, prompting…
+
+
+
+
+
+
+ Business+ Coronavirus, COVID, Employees, Employers, Essential Workers, Pandemic, Restaurants, Servers, Waiters, Work+
+
+
+
+
+
+
+
+
+
+
+
-
Melvin Capital, the hedge fund that dug itself into a hole during the GameStop saga, extended its first-quarter losses to 49%. The firm, founded by portfolio manager Gabe Plotkin, saw a 53% decline in January, reversed some of that loss by gaining 22% in February, but slid another 7% in…
+
+
+
+
+
+
+ Business+ Finance, Gamestop, GME, Investing, Meme stocks, Money, Personal finance, Reddit, Retail, Stock Market, Stocks, Video games, Wallstreetbets+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
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+
+
+
+
+
+
+
+
+
+
+
+
Tremendous 