#DraftKings stock falls after firm warns of black market link

#DraftKings stock falls after firm warns of black market link

“#DraftKings stock falls after firm warns of black market link” Shares of sports betting powerhouse DraftKings tanked Tuesday morning as a short seller alleged the company has exposure to international black-market gambling and organized crime.  DraftKings shares opened at $44.95 on Tuesday — down about 11 percent from $50.62 at market close on Monday, according…

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#How SEC boss should deal with ‘meme’ stock schemes

#How SEC boss should deal with ‘meme’ stock schemes

“#How SEC boss should deal with ‘meme’ stock schemes” Gary Gensler thought he had all the answers when he took the helm at the Securities and Exchange Commission this spring. Wall Street lawyers and bankers who deal with him tell me he was highly confident — almost arrogant — in explaining his agenda of regulating…

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#Clover Health CEO Vivek Garipalli made millions allegedly ripping-off CarePoint patients

#Clover Health CEO Vivek Garipalli made millions allegedly ripping-off CarePoint patients

“#Clover Health CEO Vivek Garipalli made millions allegedly ripping-off CarePoint patients” The latest “meme stock” doesn’t sell video games or own a movie-theater chain — it’s a health insurance company whose founders have been accused of slapping hospital patients with exorbitant bills. Clover Health appears to have become popular with traders on Reddit this month…

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#GameStop earnings overshadowed by SEC meme stock investigation

#GameStop earnings overshadowed by SEC meme stock investigation

“#GameStop earnings overshadowed by SEC meme stock investigation” GameStop reported better than expected earnings this week — but its stock close down on its disclosure that the Securities and Exchange Commission was investigating its trading practices. The video game retailer on Wednesday posted a 25 percent increase in sales for the first fiscal quarter on…

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#Fastly stock soars after ‘nightmare’ outage takes down sites

#Fastly stock soars after ‘nightmare’ outage takes down sites

“#Fastly stock soars after ‘nightmare’ outage takes down sites” Shares of cloud-computing company Fastly are up more than 12 percent since the company’s high-profile glitch took down many of the world’s most popular websites yesterday morning.  For about an hour on Tuesday, many internet users were unable to access Google, Reddit, Twitter, Spotify and thousands…

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