Robert J. Shapiro advised senior members of the Obama administration on economic policy, and served as an Under Secretary of Commerce under Bill Clinton. Now a senior fellow at the McDonough School of Business at Georgetown, he’s suspicious of the surge in GameStop’s stock price:
Allegedly, this is the tale of scrappy, small online day traders buying shares of a beleaguered company…
Tag: price
Pandemic Drove Sales of 4G and 5G-Enabled PCs To New Record In 2020
Global sales of cellular-enabled mobile PCs reached more than 10 million units for the first time in 2020 as home workers sought improved connectivity in response to the closure of office facilities during the COVID-19 pandemic. Research firm Strategy Analytics: According to the latest analysis from Strategy Analytics’ Connected Computing Devices program, global shipments increased by 70% to 10.1 million, the…
When will Betelgeuse explode?
The red supergiant star will explode in a supernova, close enough to shine brightly during the day but far enough away that Earth won’t be in danger. Source: https://earthsky.org/brightest-stars/betelgeuse-will-explode-someday…
Sony Says It Sold 4.5 Million PlayStation 5 Consoles Last Year and Took a Loss on Sales
Sony shipped more than 4.5 million PlayStation 5s from the console’s Nov. 12 launch to the end of the year, but it took a loss on those sales because the PS5’s “strategic price point” is lower than what it cost to manufacture it. From a report: The disclosure was part of Sony’s quarterly report to investors, delivered in Japan earlier today….
How Reddit’s Co-Founder, Jim Cramer, and Wall Street Reacted to GameStop’s Surge
Friday afternoon CNBC reported that “heightened speculative trading by retail investors” (later referred to as “GameStop mania”) had “continued to unnerve the market.”
The Dow Jones Industrial average lost 620.74 points, or 2%, to 29,982.62, the first time the 30-stock gauge has closed below the 30,000 mark since Dec. 14…. The market also experienced the highest trading volume in years as the…
‘Meme Stock’ Rally Rescues AMC Theaters From $600 Million Debt
This week’s bizarre “meme stock” rally, which has delivered lottery-like windfalls for holders of GameStop stock, also wiped out $600 million in debt owed by the AMC theater chain. Polygon reports: That’s because, on Wednesday, a private equity firm named Silver Lake — and private equity firms are popularly considered the “bad guys” in this snobs-versus-slobs drama — elected to convert…
SEC To Review Brokers’ Restrictions on GameStop, AMC Trading
Securities regulators said Friday they plan to closely review the actions of some brokerage firms [Editor’s note: the link may be paywalled; alternative source] that restricted investors’ ability to trade volatile stocks such as GameStop this week. From a report: The Securities and Exchange Commission’s statement on Friday is the clearest indication yet that regulators are examining potential misconduct around the…
Robinhood Restricts Crypto Trading ‘Due To Extraordinary Market Conditions’
Robinhood restricted trading in cryptocurrencies on Friday, as the price of bitcoin and a meme-inspired token rose sharply. From a report: Users began reporting that the trading app had halted instant deposits for crypto purchases earlier in the day, meaning they could only buy the currencies with funds already deposited in their accounts. Such deposits can take up to five business…
New Year, New Opportunities for Learners in India!
By Anubhav Chopra, Lead Product Manager Coursera is privileged to support the learning journeys of more than 10 million learners in India, and today, we’re excited to announce new learning opportunities and services for this unstoppable learning community! We know that having a wider array of payment options is critical for Coursera learners in India, […]
The post New Year, New Opportunities…
GitLab Reshuffles Its Paid Subscription Plans, Drops Its Bronze/Starter Tier
An anonymous reader writes: GitLab, the increasingly popular DevOps platform, today announced a major update to its subscription model. The company is doing away with its $4/month Bronze/Starter package. Current users will be able to renew one more time at the existing price or move to a higher tier (and receive a significant discount for the first three years after they…