This is the web version of Data Sheet, a daily newsletter on the business of tech. Sign up to get it delivered free to your inbox. (With apologies to Jonathan Larson, a version of his Rent classic “Seasons of Love” in honor of Melvin Capital throwing in the towel on its short bets against Gamestop. You […]
The world’s largest cruise company lost another $2.2 billion in the fourth quarter of 2020, bringing its total net losses from the pandemic to $10.2 billion—so far. Carnival, which on Monday reported preliminary financial results for its quarter ended Nov. 30, said its loss was $1.9 billion on an adjusted basis. It had previously disclosed […]
Tesla Inc.’s historical entrance to the S&P 500 may be terrible news for investors of another stocks in the catalog — at least briefly. Money that mimic the grade are put to purchase more than 70 billion in the carmaker’s shares and ditch an equivalent quantity of inventory in present members, generating extreme selling pressure […]
