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“#I lost out on $6M fortune by selling Dogecoin a day too early” A trader has been left gutted after he lost out on a $6million fortune by selling Dogecoin a day too early. The mystery trader has explained how he managed to make over $2 million profit on Shiba Inu and Dogecoin but admitted…
“#Gary Gensler’s overregulation would sink ‘meme’ markets” BEVERLY HILLS, Calif. — Gary Gensler and his Democratic colleagues on the Securities and Exchange Commission will try to sell their long-awaited report on the “meme stock” trading frenzy as a clarion call for more regulation. But if you remove the report’s propaganda, it shows that our markets…
“#Ex-CEO of tech startup HeadSpin accused of bilking investors out of $80M” Federal authorities on Wednesday charged a co-founder and former chief executive of HeadSpin with defrauding investors out of as much as $80 million by overstating the Silicon Valley startup’s revenue and other key financial metrics. Manish Lachwani was accused of lying to HeadSpin investors from 2018 to…
“#‘Little guy’ may feel sharp pain from Robinhood’s IPO arrow” The people at Robinhood made IPO history this past week when they reserved an unheard-of chunk of its initial public offering, around 35 percent, for the trading app’s small-investor clients. And if you’ve been listening to company honchos and its soon-to-be mega-rich CEO Vlad Tenev,…
“#Nintendo Directly Responds To ‘Switch Pro’ Rumors And Switch OLED Profit Margin Estimates” Nintendo as a company is known for maintaining a strict information control policy concerning any product information or announcement leaks that could not only harm the impact of its promotional campaigns and announcement plans, but also affect confidence among the select group of investors that make up…
“#Cryptocurrency investors getting younger, making millions” Is cryptocurrency financial kryptonite? The younger generations don’t think so. Gen Z and millennial investors are flocking to buy shares of cryptocoin, such as Bitcoin or Ethereum, with the hopes of winning big. Cryptocurrency — which is a type of digital file that can be used as money, based…
“#Meme investors should heed ‘manic’ lesson of Fannie-Freddie collapse” The smart money thinks it’s only a matter of time — weeks, maybe days — before the meme-stock craze finally evaporates. But if history is any guide, this mania hasn’t quite run its course. For proof, look no further than the strange, decade-plus-long investment mania over…
“#BlackRock’s ‘No. 1’ goal in ‘woke’ investing: Huge ESG-funds haul” Progressives love the story of Engine No. 1, a small activist investor that just fought its way onto the board of what many wokesters consider the most vile company in the world: oil giant ExxonMobil. Most activists — think Paul Singer and Carl Icahn —…
“#Enron’s Skilling reportedly taps McKinsey cohorts for energy invest biz” Former Enron CEO Jeffrey Skilling’s stealth energy investment venture has launched, two people familiar with the matter said this week, staffed with former McKinsey & Co. consultants like himself and offering a technology edge to oil and gas returns. Skilling was convicted of securities fraud and insider…
“#Engine No. 1 plans new socially conscious ETF” Investment firm Engine No. 1, which last week won at least two seats on Exxon Mobil Corp’s board, is planning to launch an exchange-traded fund that will focus on socially conscious investing, according to a regulatory filing. The portfolio will be called the Engine No. 1 Transform…