short selling
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Meet the Newest Meme Stock: Trump Media
Donald Trump’s social media enterprise officially became a publicly traded company on Tuesday, with its stock price jumping as much as 59% to over $US70 a share. We’d like to take this moment to welcome Trump Media, trading under DJT, to the world of meme stocks. At this morning’s stock price, Trump’s stake in Truth…
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Electric Truck Maker Nikola to Pay $176 Million in SEC Settlement Following Fake Demo
GM-backed eclectic truck maker Nikola (which famously admitted one of its promotional videos was actually just a prototype rolling down a hill) will pay the Securities and Exchange Commission $US125 million ($176 million in Aussie dollars) to settle charges it had defrauded its investor by lying about its products and technical capability.
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Former Employer of Memestock King ‘RoaringKitty’ Gets Hit With $5 Million Fine
The former employer of “RoaringKitty,” the online trader who helped spark off a Reddit-fuelled short squeeze on hedge funds betting against Gamestop stock, has agreed to shell out a $US4 ($5) million fine.
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Hedge Fund That Took Massive Losses on GameStop Thanks to WallStreetBets Is Shutting Down
One of the hedge funds targeted by notorious Reddit investment board r/WallStreetBets is bust, the Financial Times reported on Tuesday.