Online merchant Wish dropped 16 percent in its trading debut Wednesday, at a muted beginning to existence as a public firm compared to DoorDash and Airbnb past week. Stocks of Wish started at $22.75 apiece, under the 24 they have been marketed for at its $1.1 billion initial public offering. {The shares closed at $20.05, […]
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 […]
But despite the rhetoric, there may not be much the U.S. can do to retaliate. Read More
