stock-market
Filmmaker Craig Gillespie has secured an all-star cast for Dumb Money, a much-anticipated film about the GameStop short squeeze that wreaked havoc on Wall Street. According to Deadline, Pete Davidson, Seth Rogen, Sebastian Stan, and Paul Dano have been tapped to star in the picture, which is based on Ben Mezrich’s The Antisocial Network book that explored the 2021 meme stock craze. […]
Elon Musk, who was confirmed this past weekend to not be joining the Twitter board after all, has been sued by a shareholder. Per Reuters, a proposed class action filed in Manhattan federal court this week sees the shareholder arguing they and others were negatively impacted by Musk’s “delayed disclosure” of his investment. As previously reported, the […]
The Securities and Exchange Commission announced Wednesday that three former Netflix employees and two close associates have been charged with using confidential information pertaining to the streaming service’s subscriber growth to net a profit of $3.1 million, Variety reports. Sung Mo “Jay” Jun, 49, has been identified in the SEC complaint at the center of insider […]
CEOs at the top 350 companies in 2020 made an average $24.2 million, a 18.9% jump, according to the Economic Policy Institute. The report also found that CEO compensation has increased an astounding 1,322% since 1978. From 1978-2020, the pay for an average worker only increased 18.0%. Most CEOs made $351 for every dollar earned by a typical employee, which […]
Back in April a tiny New Jersey-based deli made headlines after it was valued at $100 million on the stock market, and now we know why. Last year, the Your Hometown Deli only made $13,976 in revenue, but its market capitalization sat at a ridiculous $113 million. As the sole location for the company Hometown […]
At the Robin Hood Foundation charity’s annual investors conference next month, Jay-Z plans to speak in front of some of Wall Street’s biggest executives. CNBC reports that organizers of the event say Jay-Z will address the executives in a speech that will cover his business moves, and will particularly focus on how he uses data […]
Bill Gates has transferred somewhere between $3 billion and $4 billion in shares to his former wife Melinda, according the Wall Street Journal. The shares, of which $850 million are of Deere & Co. (a 7 percent stake in the equipment company), were most recently transferred to Melinda on Thursday. The transfers were recorded Friday by Gates and his […]
Toronto-based online brokerage Wealthsimple, which can count Drake among its celebrity investors, has raised $610 million in fundraising with a $4 billion evaluation. Business Insider reports that the Power Corporation of Canada company’s latest round of funding was led by Meritech Capital Partners and Greylock Partners. The funding and valuation were announced on Monday. Wealthsimple […]
-
Pages
