Tag: Finance
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On glamorous Madison Avenue in midtown Manhattan, as most people were heading home for the day, the top executives of a powerful hedge fund filed into a conference room. The fate of this multibillion dollar institution could be at stake. This is Mudrick Capital Mangement, L.P. With offices in New…
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+ Business+ AMC, Finance, Hedge funds, Investing, Money, Reddit, Robinhood, Stock Market, Stocks, Wallstreetbets+
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March 25, 2020: COVID is sweeping the globe, causing shutdowns worldwide. One casualty: all 1,000 theaters of 100 year old AMC Entertainment Holdings, Inc. Like many businesses, its ability to remain solvent was in serious doubt. Under these cirumstances, a lot of CEOs arrange a golden parachute for themselves and…
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+ Business+ AMC, Finance, Investing, Meme stocks, Money, Personal finance, Reddit, Stock Market, Stocks, Wallstreetbets+
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Shares of Wendy’s exploded today as Reddit’s merry band of traders piled in: Beloved burger and Frosty chain Wendy’s (WEN) has won the honor of being the first fast-food stock to get roped into the red-hot meme stock trade. Shares of Wendy’s spiked 16% in early afternoon trading on Tuesday…
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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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Tremendous 