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“Cathie Wood fund seeks to unload Twitter shares to retail investors” A technology fund run by Cathie Wood was a co-investor in Elon Musk’s pricey deal to take Twitter private — and now it’s trying to unload its stake in the struggling social network to retail investors, The Post has learned. Cathie Wood — a…
“More bitcoin investors expect price crash than rebound: survey” Bitcoin is more likely to plummet to $10,000 than soar again above $30,000 following the recent downturn in the market, according to the results of a survey published Monday. The world’s leading cryptocurrency by market cap was trading at $20,371 on Monday, down about 2.3%. The…
“Bitcoin barely hits key $20K threshold, rattling investors” Bitcoin struggled to stay above the key $20,000 threshold Monday as the leading cryptocurrency weathers a prolonged selloff that has sparked fear and uncertainty among investors. Bitcoin, the world’s largest cryptocurrency by market capitalization, rose a modest 4% to $20,648 as of 11:30 a.m. ET on Monday,…
“Crypto lender BlockFi struggles to raise cash, source says” Crypto lender BlockFi is struggling to raise cash despite offering to take a steep discount on its valuation, raising the risk that it could be forced into a financial restructuring, The Post has learned. The Jersey City, NJ based startup, which last fall raised $400 million…
“Elon Musk’s ‘best’ Twitter offer looks bogus” The Elon Musk-Twitter drama keeps taking sometimes bizarre, unexpected turns so whatever I write here could be moot not long after the ink dries. It’s always been dangerous to talk in absolutes about Musk. He is said to be genius-level smart but he’s done some really dumb things…
“Redditors rip SEC over video targeting ‘meme stock’ investors” The SEC’s attempt to inform the public about the potential pitfalls of investing in so-called “meme stocks” infuriated some Redditors this week – with users on “WallStreetBets” and other boards grumbling that the agency was hypocritical and out of touch. The SEC’s 30-second video titled “Meme…
“Reality bites traders, memers and crypt-iots” Melvin Capital is maybe the first — but certainly won’t be the last — hedge fund hammered out of business as markets wean themselves off the heroin of cheap money that has propelled stocks and just about everything else for the past two-plus years. Hedge-fund investors, even those who…
“Elon Musk told potential Twitter investors he’d double or triple their money: report” Billionaire Elon Musk reportedly pledged to deliver a massive windfall as he sought to convince rich investors to finance a portion of his $44 billion Twitter takeover. An SEC filing earlier this week revealed Musk has secured $7.14 billion from a group…
“Elon Musk in battle to slay Twitter naysayers” The list of suitors who have looked at buying Twitter — and then passed without a second thought — are too many to be counted on one hand, and possibly two or three. That’s partly because for all of its relevance to breaking news, starting revolutions —…
“NordicTrack CEO Scott Watterson forced out in battle with Peloton” The maker of NordicTrack exercise bikes and treadmills got a financial lifeline this month — but only after the struggling Peloton rival’s founder agreed to step down as chief executive, The Post has learned. Investors insisted that 66-year-old Scott Watterson — a hard-charging billionaire entrepreneur…