Tag: Stocks
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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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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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I spent some time browsing the GME sub* on Reddit yesterday, curious what some of the stock’s most fervent supporters are saying. What I found surprised me. The most striking discussions were intensely personal. One poster described saving up his GameStop winnings for sex reassignment surgery, a lifelong dream (usernames…
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+ Community, Day trading, Finance, Friends, Gamestop, GME, Investing, Life, Meme stocks, Reddit, Stock Market, Stocks, Virtual worlds, Wallstreetbets+
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In 2012, investor Garry Tan got an e-mail. A young Airbnb engineer named Brian Armstrong had sent him a tiny fraction of a bitcoin, worth just a few cents. But this message piqued his curiosity. How many people send you money for nothing? Tan happened to be one of the…
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+ Angel Investor, Coinbase, Crypto, Cryptocurrencies, Investing, IPOs, Money, Silicon Valley, Stocks, Tech, Venture Capital+
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Melvin Capital, the hedge fund that dug itself into a hole during the GameStop saga, extended its first-quarter losses to 49%. The firm, founded by portfolio manager Gabe Plotkin, saw a 53% decline in January, reversed some of that loss by gaining 22% in February, but slid another 7% in…
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+ Business+ Finance, Gamestop, GME, Investing, Meme stocks, Money, Personal finance, Reddit, Retail, Stock Market, Stocks, Video games, Wallstreetbets+
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GameStop plans to fire its CEO, Reuters reports: GameStop Corp is looking for a new chief executive to replace George Sherman as it pivots from a brick-and-mortar video game retailer to an e-commerce firm, three people familiar with the matter said on Monday. It would be the biggest shakeup at…
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Social-media trading star Keith Gill, known by his social-media nickname Roaring Kitty posted what is believed to be a screenshot of his trading portfolio to Reddit Wednesday afternoon that may show a massive position in videogame retailer GameStop Inc. made up of almost $19 million in equity and $8.9 million…
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+ Business+ Gamestop, GME, Hedge funds, Investing, Meme stocks, Michael Jordan, Money, NBA, Personal finance, Reddit, Stock Market, Stocks, Wallstreetbets+
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Special Purpose Acquisition Companies, or SPACs, have become all the rage in the last year. These “blank check” companies raise money from investors and then look for a company to acquire. They’re multiplying like rabbits: More than 300 such blind pools have come public so far this year according to…
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+ Business+ Acquisitions, Finance, Financial markets, Investing, M&A, Mergers, Money, Personal finance, Private companies, SPACs, Stocks, Tech+
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Traders on Reddit’s Wallstreetbets who are pumping GameStop stock could get in trouble with the law. From Lawyer Monthly: There’s no clear indicator that what occurred is illegal, but it certainly falls within a shady area. A large number of the investors who joined in, certainly in the later stages,…
Tremendous 