Tag: Investing
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So Tesla is doing great, right? And I sure would love to make as much money as Elon Musk! So let’s make our own vehicle startup. What should we call it? Hmm, picking a name is hard. Let’s just go with Tesla’s first name, Nikola! Now we have to make…
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The dating app Bumble recently went public, making founder and CEO Whitney Wolfe Herd a billionaire at the ripe old age of 31. I heard an interview with Herd a while back, and her genius at marketing really struck me. She had just created Bumble…now, how can she get anyone…
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Citadel CEO Ken Griffin claims that even though they pay Robinhood to execute their trades, investors are getting a better deal than they would in public stock markets: Citadel CEO Ken Griffin said Thursday that the system has been “very important to the democratization of finance. It has allowed the…
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Reddit’s Wallstreetbets loves Palantir Technologies, a Denver-based maker of data analytics software. The merry band of traders mention it more than any other stock, but the company has serious problems. Big Losses Palantir claims to make products that analyze data better than anyone else. If that’s true, why has the…
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GameStop shares have come back to earth since the short squeeze a few weeks ago: But this story may not be over. GameStop remains one of the most heavily shorted stocks in the entire market: This tells me that the epic short squeeze could happen again. Many short sellers still…
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+ Business+ Day trading, Finance, Gamestop, Hedge funds, Investing, Reddit, Short sellers, Short squeeze, Stocks, Wallstreetbets+
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They say the best way to rob a bank is to own one. Turns out that’s true for weed farms, too. I came across an interesting piece of info deep in Sundial Growers’ financial statement. Two employees have taken out loans totalling $200,000 (CAD) from the company at almost no…
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+ Business+ Canada, Cannabis, Corporate governance, Corporations, Investing, Marijuana, Scams, Stock Market, Stocks+
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How do you lose money selling weed in a pandemic when everyone’s stuck at home? Sundial Growers, Inc. has found a way. Sundial is the darling of Reddit’s Wallstreetbets. It’s mentioned far more than any other stock currently: But popularity on Reddit may not save this failing business. It lost…
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Vice President Kamala Harris introduced a bill to decriminalize marijuana as a senator. GameStop was the darling of the merry band of traders on Reddit’s Wallstreetbets. Then this happened: Ouch. Now the community is looking for its next play. I nosed around the message board a little today to see…
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+ Business+ Cannabis, Gamestop, Investing, Investments, Marijuana, Reddit, Robinhood, Stock Market, Stocks, Wallstreetbets+
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As Tom Brady bagged his seventh Super Bowl, I got to thinking about an interesting trend I was seeing. I was hearing more ads for DraftKings every day. At the same time, Robinhood is exploding in popularity and its army of small traders is moving markets. Were these two related?…
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+ Business+ DraftKings, Gambling, Investing, NFL, Robinhood, Sports, Stock Market, Stocks, Super Bowl, Tom Brady+
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Regardless of which market we look at, we see a similar trend: skyrocketing prices since the beginning of the pandemic. You can see this in the S&P 500, a broad measure of stocks: In commodities: In the increase in real estate prices and the corresponding decrease in capitalization rates (this…
Tremendous 