Items tagged with Stock Market
Elon Musk and Twitter have both been named in a lawsuit that alleges the Tesla CEO attempted to create doubt about his plans to purchase the social media platform in order to get a lower price. Shareholder William Heresniak from Virginia states in the lawsuit that he is doing so on behalf of all Twitter...
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How would you feel if your income was directly tied to your company’s performance on the stock market? Roblox founder and CEO David Baszucki is set to receive a compensation package of $232.8 million USD as long as Roblox stocks do well. Unfortunately for Baszucki, Roblox’s stock performance has been anything but...
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The Securities and Exchange Commission (SEC) is investigating Elon Musk and his brother, Kimbal Musk, for possibly violating insider-trading rules. The investigation stems from Kimbal selling some of his Tesla shares a day before Elon posted a poll on Twitter asking if he should sell 10% of his stock in the car...
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The events on the /r/WallStreetBets subreddit that occurred over the past few weeks were nothing short of chaos, degeneracy, and, in the purest definition of the word, awesome to watch unfold. What transpired culminated in the subreddit achieving mainstream media recognition with its community growing exponentially...
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Yesterday, we reported on the subreddit /r/WallStreetBets that was effectively gaming the stock market and driving shares of GameStop stock to the moon. Today, it seems as though the crazy train just is not ending. The crowdsourced stock-mob has now driven (NYSE:GME) up approximately 129%, to around $350, at the time...
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A number of tech stocks had a bit of a freak-out moment yesterday evening, after an error in the computer system linked to the Nasdaq caused their valuations (in some cases) to swing widely. A glitch affected stocks listed on the Nasdaq, and caused many of their share prices to change to $123.47.
In the case of...
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Ah, to be the CEO of a multi-billion dollar corporation, wouldn't that be the life? Oh sure, there are daily stressors that come with the territory, but so does a lopsided compensation package. Apple CEO Tim Cook knows this better than most. As part of a predetermined plan, Cook last week sold a chunk of Apple shares...
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Love him or hate him, Mark Cuban is a billionaire and he didn't amass his fortune by accident. Now the owner of the Dallas Mavericks and the face of Shark Tank, a reality TV show in which would-be entrepreneurs and inventors seek investments for their products or ideas, Cuban is persistently involved in various...
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We hate to break it to investors who dumped barrels of cash into Apple over the last several months, but the bitter truth is it was a bad investment. Maybe in the long term they'll all look like savvy investors and the past three months will become a distant memory. Or maybe Apple was never worth as much as its share price suggested. To put...
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Shares of Apple rose to above $500 for the first time ever on Monday, continuing a rally that began over two weeks ago when the Cupertino outfit reported record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share. Those and other positive figures weren't...
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Apple has been eying Exxon Mobil's market cap since the Cupertino, CA-based company passed Microsoft last year to become the world's most valuable tech stock and the world's second most valuable company. On Monday, the first day of trading in 2011, Apple passed $300 billion in value, but Exxon Mobil's lead is...
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And people wonder why making money in the stock market is a crap shoot. A hedge fund will open in February that uses "Twitter sentiment" to predict the stock market. The British hedge fund is named Derwent Absolute Return. Its founders say they have an algorithm that can analyze sentiments on Twitter. Here's how its described: The Derwent...
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