Waldman: Stop Immunizing Websites That Allow Harassment
While the Delta variant threatens Disney’s big theme park reopenings (and its recent return to profit in that sector after a year in the red), Big Mouse’s streaming service continues to deliver. Disney+ wrapped its fiscal Q3...more
What the Reddit group wallstreetbets did with Gamestop in a short squeeze was something quite amazing. I joined in for a couple of days with the purchase of AMC stock that I quickly dumped after only making a couple of...more
Walmart’s recent move to hire away a “pair of senior Goldman Sachs bankers” to head up the retailer’s new fintech startup (a collaboration with Ribbit Capital) has tongues wagging about the company’s ambitions to shove its...more
Boeing needs another aircraft problem like a hole in the head, but that’s just what it got after a right-engine explosion on one of its 777-200 models that had just left Denver en route to Hawaii. ...more
Britain’s Supreme Court dealt Uber a blow this morning when it ruled that “drivers must be classified as workers entitled to a minimum wage and vacation time.” The decision—a disaster for Uber in a dispute that reaches back...more
Your Big Tech vs. Australia update: after raising a “well, then, no search engine for you” fuss in response to the country’s proposed law requiring tech giants to “pay news organizations for the news articles that are shared...more
During the height of the GameStop (NYSE: GME) mania, Slate author Jordan Weissman explained that “[A]t a moment that the markets are being overrun, for better or worse, by posters who’ve basically dedicated themselves to...more
With Vice President Harris acting as the tiebreaker (and following a 15-hour amendment vote-a-rama), the Senate voted on Thursday to move forward with the White House’s $1.9 trillion Covid relief measure....more
I think the GameStop phenomenon portends a seismic shift in many areas. It may well be a turning point in markets and investments. Where it will be going, I do not think anyone knows right now but everyone needs to be...more
On January 12, GameStop Corp. (ticker symbol: GME) closed at a price of $19.95/share on a volume of approximately 7 million trades. Only 15 days later, GME closed at a price of $347.51 on a volume of 93.45 million trades....more
New CBO projections suggest that even without additional Congressional aid, the “American economy will return to its pre-pandemic size by the middle of this year.” While encouraging, the report offers cold comfort for the...more
Moved by Covid’s bite out of the energy industry, oil behemoths ExxonMobil and Chevron Corp. have held talks about joining forces, “testing the water for what could be one of the largest corporate mergers ever.” ...more
GameStop’s continuing surge this week has gone from something of a lark to a collective small-trader effort to stick it to Wall Street hedge funds and institutionalists, with share-price fundamentals discarded entirely in...more