Tag: Stock Market
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GameStop shares have tripled in under 24 hours. Naturally, the blue chip investors behind the rise had a solid case for their optimism. After all, what about the ice cream cone? Believe it or not, a GameStop board member posting a picture of a McDonald’s ice cream cone is one…
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AMC burnt over $900 million in the first 9 months of last year*. That presented a bit of a problem. They had just $429 million in cash left going in the fall of 2020, and that would be gone in a matter of months. So, to stave off bankruptcy, AMC…
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Reading about the enormous run-up in shares of Tesla, Inc., I wondered something…is Tesla bigger than the entire rest of the auto industry? The answer is: almost. Tesla’s market cap ($655 billion), is nearly equal to the combined market caps of Toyota, GM, Ford, VW, Daimler, Fiat, BMW, Honda, Hyundai,…
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The lock-up that stopped insiders at Palantir Technologies from selling their shares recently expired. And boy, are they excited! Palantir stock sank as much as 13% on Tuesday after regulatory filings showed the company’s co-founder Stephen Cohen and two other top executives offloaded 2.7 million shares. And they’re not the…
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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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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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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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Tremendous 