Tag: Investing
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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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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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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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Yesterday, I attended the Remote Demo Day for the latest class from the Launch Accelerator, a startup accelerator run by noted investor Jason Calacanis. We hear a lot about accelerators (also known as incubators), from famous programs like Y Combinator or Techstars to small, local outfits. One thing most of…
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+ Accelerator, Angel Investing, Bay Area, Incubator, Investing, Silicon Valley, Software, Startup, Tech, Venture, Venture Capital+
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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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In the last year, a torrent of money has flooded into Exchange Traded Funds (ETF’s) that track the stock market: Over the last 12 months, about $650 billion has flowed into stock and bond ETF’s, a flow that’s unusually large versus history and may help explain why markets have been…
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+ ETF, Index Funds, Investing, Money, Morgan Stanley, Personal finance, Stock Market, Stocks, Trading, Vanguard+
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Dogecoin has become so popular, even Congressmen are getting into the game: U.S. Rep. Mark Green purchased Dogecoin on April 1 and April 14 according to Congresstrading.com. The purchases were in the amount of $1,001 to $15,000 on each occasion. A $1,000 purchase each time would now be worth $17,078…
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+ Bitcoin, Blockchain, Congress, Crypto, Cryptocurrencies, Cryptocurrency, DC, Doge, Dogecoin, Government, Investing+
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Post Oak Motor Cars is now accepting dogecoin, a cryptocurrency that recently gained new heights of popularity following support from Tesla founder Elon Musk, as a form of payment. New Bugatti, Bentley, Karma, and Rolls-Royce vehicles are sold at the boutique sales location next to Houston’s only five-star hotel, The…
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+ Blockchain, Cars, Crypto, Cryptocurrencies, Cryptocurrency, Doge, Doge Day, Dogecoin, Investing, Trading+
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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 