DraftKings stock plunges as activist short Hindenburg places huge bet against the popular gambling platform

A short seller vs. Chamath Palihapitiya

This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox.  It’s the special purpose acquisition craze meeting the GameStop insanity. On Thursday, Hindenburg Research, the short-selling firm known for flagging issues with electric car company Nikola last year, released […]

Who will determine the election? It may return to Pennsylvania seniors

It’s ’s highly likely that one demographic, in one swing country, will decide who becomes America’s president. That class is the approximately 1.5 million Americans in Pennsylvania inclined to votea citizenry which went large for Trump at 2016, but is enormously unhappy with his handling of this COVID-19 pandemic. Recent surveys reveal a grey tide […]

How Bed Bath & Beyond’s CEO tamed its trademark coupons—and turned the retailer around

Coupons are as synonymous with Bed Bath & Beyond as foot-long receipts are with CVS pharmacy and Kohl’s Cash with that retailer. But Bed Bath & Beyond has begun to rein in its addiction to giving shoppers coupons—and their addiction to getting them—as a centerpiece of CEO Mark Tritton’s efforts in his first year at […]