Contrary to the media narratives, this week’s market activity surrounding GameStop and Wall Street is not about finance. It’s about what many are calling the ongoing war between the elites and populists and exacerbating wealth inequalities. First, let’s go back to how it […]
In October 2018, German software maker SAP acquired survey software maker startup Qualtrics for $8 billion. As we noted back then, the announcement came just before Qualtrics planned IPO. Qualtrics is a software maker that competes with SurveyMonkey in the survey […]
Early this month, Apple announced that the new Apple iPhone’s privacy feature will no longer let Facebook track users without their consent. Apple said it will turn off automatic “opt-in” to prevent Facebook from tracking your data for targeted advertising. […]
We now live in a unique time where the survival of most companies is driven by the 24-hour news cycle. Just a few days ago, we saw how Elon Musk’s tweet sent the stock of GameStop soaring to new heights. […]
First, it was GameStop stock. After the Reddit board, WallStreetBets succeeded in driving up the GameStop stock by over 1000 percent, now another Reddit board, SatoshiStreetBets wants to the same to cryptocurrency. Dogecoin, a cryptocurrency that started as a joke, is […]
Yesterday, we wrote a piece about General Motors and the auto giant’s plans to end the production of diesel- and gasoline-powered vehicles by 2035 and instead exclusively offer electric vehicles. However, with the arrival of electric cars, it’s easy to forget […]
The last time we wrote about RepairSmith was back in June 2020 when the Daimler-backed car service startup acquired More Automotive Group to expand its mobile fleet service. Despite the COVID-19 pandemic, the startup continues to see strong growth due […]
The battle between retail investors and Wall Street reached a new level today as lawmakers and prominent people expressing their outrage about how trading exchange platforms like Robinhood, Ameritrade, and WeBull denied trading access to Reddit army (WallStreetBets), a subreddit […]
In what many are calling market manipulation, the free-trading app Robinhood just halted the trading of GameStop stocks on its platform. The fintech startup unlisted the stock and several others. People are angry and retail investors are crying foul. According […]
Online app-based trading platforms see a surge in usage as Redditors and little guys stick it to Wall Street. A breed of upstart apps like Robinhood, WeBull, and Freetrade have gained in popularity in recent weeks as Reddit army of more than […]
Electric-vehicle startup Faraday Future becomes the latest EV company to join the so-called special purpose acquisition companies (SPACs). Today, the Gardena, California-based Faraday Future announced it will go public through a merger with Property Solutions Acquisition Corp in a deal valuing […]
With the recent record-breaking success of Bitcoin and other popular cryptocurrencies, the world’s central banks are looking into creating their digital currency to fend off the threat coming from cryptocurrencies and ongoing cryptocurrency projects effort from Big Tech such as […]
According to the National Retail Federation, eCommerce demand increased by more than 20% for the 2020 holiday season, accounting for upwards of $200 billion in spending, as droves of consumers went online during the pandemic. Online retailers, particularly small and […]
It’s a battle of David versus Goliath as WallStreetBets, a Reddit army of more than two million users, crushed Wall Street hedge funds and other investment bigwigs. Following the group’s success in driving up the stock price of GameStop to more than […]
As of 2020, only 30 percent of international consumers are ultimately able to secure US home loans. And if they do get approved, they often suffer from high-interest rates or a cumbersome customer experience. One startup wants to change that. […]
Yesterday, we wrote about how a flailing video game chain GameStop went from losing $470 million a year ago to becoming a $7.05 billion company by market cap. At the time of writing (about 3:PM EST), GameStop was trading at $116.20. Then at […]
Just about an hour ago, we wrote about how a flailing video game chain GameStop went from losing $470 million to become a $7.05 billion company by market cap. Now, Elon Musk just added fuel to the fire. In a tweet […]
GameStop is a company everyone is talking about on Wall Street. Just about eight months ago, GameStop was a struggling video game chain brick-and-mortar game stores across the U.S. A lot has been written about the demise of Gamestop after […]
As part of its efforts to reduce imports and compete with China, the European Union announced today it has approved a plan that includes giving state money to Tesla, BMW, and others to support the production of electric vehicle batteries. […]
Twitter announced Tuesday it has acquired Substack-competitor Revue and email newsletter startup, Revue. The acquisition is part of Twitter’s effort to attract users who want to make money from their followers. The terms and the amount of the transaction were […]
