Tag: Stock Market
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The bleeding never seems to stop at Melvin Capital Management LP. Gabe Plotkin’s beleaguered fund lost 21% in the first quarter of 2022, according to a report just out from Bloomberg. Melvin famously lost billions in 2021 with disastrous bets against meme stocks like GameStop Corp. and AMC Entertainment Holdings…
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+ Business+ AMC, Citadel, Finance, Gabe Plotkin, Gamestop, Hedge funds, Investing, Melvin, Money, Reddit, Stock Market, Stocks, Wallstreetbets+
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Never miss a post…subscribe! I’ve been riveted by The Dropout lately. Amanda Seyfried’s portrayal of the notorious Elizabeth Holmes transfixes me, from the baritone to the awkward dancing. I particularly loved the scenes on Sand Hill Road when Holmes is pitching venture capitalists. Luckily for them, most passed. Since I…
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+ Elizabeth Holmes, Finance, Investing, Money, Stock Market, Stocks, Streaming, Tech, The Dropout, Theranos, TV+
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Never miss a post…subscribe! As meme stocks like GameStop Corp. and AMC Entertainment Holdings Inc. have soared in recent weeks, retail investors are flooding the market with cash. Individuals bought $5 billion worth of stocks and ETFs last week, about 50% above average, according to a new Reuters report. Meme…
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Update, April 1 2022: Shortly after publishing this post on March 29, I received an e-mail from an analyst at TrailRunner International. The firm handles “media, law, finance, and regulatory affairs,” according to its homepage. The analyst informed me that the article from New York Magazine on which I’m commenting…
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+ Business+ AMC, Citadel, Finance, Gamestop, Hedge funds, Investing, Money, Reddit, Shopify, Stock Market, Stocks, Wallstreetbets+
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Never miss a post…subscribe! Firings at Citadel LLC’s Surveyor Capital unit occurred at almost the same time as federal subpoenas and search warrants were executed in a probe of short sellers. A report from Institutional Investor today notes that subpoenas and search warrants in the case were issued in October…
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Never miss a post…subscribe! Last October, Citadel LLC’s Surveyor Capital unit suddenly fired several portfolio managers at once. In the preceding five months, half of Surveyor’s portfolio managers had either been fired or resigned. In May, Todd Barker, the head of Surveyor Capital himself, departed after 16 years at the…
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+ Business+ AMC, Citadel, Finance, Gamestop, Hedge funds, Investing, Money, Reddit, Stock Market, Stocks, Wallstreetbets+
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Never miss a post…subscribe! Citadel LLC CEO Kenneth Griffin made $2.5 billion in 2021. That was enough to give him third place among hedge fund managers in the list just released by Institutional Investor. For Griffin, its unclear how long the good times will last. His firm is under federal…
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+ Business+ AMC, Citadel, Finance, Gamestop, Hedge funds, Investing, Ken Griffin, Money, Reddit, Stock Market, Stocks, Wallstreetbets+
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Never miss a post…subscribe! You don’t need me to tell you that oil and gas prices are through the roof these days. Gas stations are changing numbers faster than slot machines. And the explosion in prices is sowing fear in the stock market. But I think this huge spike in…
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Never miss a post…subscribe! A new proposed rule by the Securities and Exchange Commission could make creating short squeezes much easier. The proposed rule would require reporting of large short positions. From The National Law Review: Under Proposed Rule 13f-2, managers would be required to report on a monthly basis…
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Never miss a post….subscribe! Yandex NV dominates the Russian market, with a majority of all Russians visiting its platforms every month. It offers the nation’s most popular search engine, an e-commerce portal, and even ride sharing. But now Russia’s premiere tech company’s days may be numbered. Yandex’s stock is down…
Tremendous 