Tag: Finance
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It’s no secret that GameStop shares have gone vertical, up more than ten fold this year. Besides making millionaires of a lot of Redditors, this also lets GameStop sell more shares at high prices, enabling them to raise capital with ease. And raise they did, to the tune of $550…
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+ Business+ Finance, Gamestop, GME, Investing, Meme stocks, Money, Personal finance, Reddit, Stock Market, Stocks, Wallstreetbets+
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Bitcoin is often referred to as digital gold. Unlike fiat money such as the US dollar, its supply expands at a slow, steady rate. The Federal Reserve has printed so much money during the COVID crisis that money supply is up over 25%. This has led to fears of inflation.…
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+ Bitcoin, Blockchain, BTC, Crypto, Cryptocurrencies, Cryptocurrency, Economy, Federal Reserve, Finance, Inflation, Money, Personal finance+
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Ah, Switzerland. Home of fine chocolate, discreet bankers and pharma giants. It’s one of the richest countries on earth per capita, and home to world-leading companies like Nestle and Novartis. But this entire nation of nearly 9 million people with a history going back to the year 1300 has a…
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+ Bitcoin, Blockchain, BTC, Crypto, Cryptocurrencies, Cryptocurrency, Ethereum, Finance, Financial markets, Italy, Switzerland+
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Palantir released its earnings for the first quarter of 2021 today, and it’s not looking good. This 18 year old company that has never made a profit turned in a net loss of $123 million, versus $54 million in the first quarter of 2020. This is actually a little better…
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+ Finance, Investing, Meme stocks, Money, Palantir, Palantir Technologies, PLTR, Reddit, SaaS, Software, Stock Market, Stocks, Tech, Wallstreetbets+
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Palantir CEO Alex Karp earned compensation worth about $1.1 billion in 2020, primarily through equity awards granted shortly before his software company went public. More here. This company is losing $100 million a month and has never turned a profit in 18 years of existence. I know, I know, Amazon.…
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+ Finance, Meme stocks, Palantir, Peter Thiel, PLTR, Reddit, Stock Market, Stocks, Tech, Tech stocks, Wallstreetbets+
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A new survey finds that young black Americans now invest in stocks at the same rate as whites: In a year like no other, however, there is also evidence of growing engagement in the stock market by younger Black Americans, with 63 percent under the age of 40 now participating…
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+ Business+ African Americans, Day trading, Finance, Invest, Investing, Money, Personal finance, Robinhood, Stock Market, Stocks, Webull+
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Bitcoin is often referred to as “digital gold.” A major attraction of the cryptocurrency is its fixed supply and lack of connection to fiat money like the US dollar. But unlike gold, bitcoin has no storage costs and is hard to steal. Given these facts, bitcoin could be poised to…
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+ Bitcoin, Blockchain, BTC, Crypto, Cryptocurrencies, Cryptocurrency, Finance, Invest, Investing, Tech+
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GameStop CEO George Sherman will be leaving the company soon, but not empty handed: As a condition of his exit, GameStop is speeding up the time frame for Sherman to receive the shares, generating the award. Sherman, who has been CEO since April 2019, forfeited $98 million worth of stock…
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+ Business+ Finance, Gamestop, GME, Investing, Meme stocks, Money, Personal finance, Reddit, Stock Market, Trading, Wallstreetbets+
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Short sellers have abandoned the stock market after massive losses in GameStop shares, among others: According to data from Goldman Sachs, median short interest as a percentage of float across the S&P 500 has fallen to 1.6%, near the lowest reading since 2004. More here (see the April 19 post.)…
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+ Business+ Finance, Gamestop, GME, Invest, Investing, Short sellers, Short selling, Short squeeze, Stock Market, Stocks+
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Tremendous 