“If there ever was a good SPAC deal, it was probably about 300 SPACs ago.” Read More
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Robinhood pauses the buying of GameStop shares
Only in 2021. In recent days, Reddit users have driven up shares of much-shorted stocks, especially those of GameStop, a video game retailer. They squeezed hedge funds and enabled massive losses for the likes of Steve Cohen and Dan Sundheim. Now, stock-trading apps such as Robinhood have paused purchases on such shares. “We continuously monitor […]
Business backs democracy
Good morning. The U.S. business community came out in force yesterday, rejecting the efforts of some Republicans to try and undo the election of Joseph Biden during tomorrow’s joint session of Congress to count electoral votes. Here’s the Business Roundtable: “With claims of electoral fraud having been fully considered and rejected by federal and state […]