Sector: Consumers
Bumble, one of the top dating apps, is about to go public. We pored over its 247-page filing to find 4 key takeaways.
Dating-app company Bumble is going public on Thursday. The company’s S-1 filing highlights its top investor and some of the risk factors Bumble faces. We read through the 247-page filing to find four key takeaways. Visit the Business section of Insider for more stories. Bumble, one of the top online-dating companies, publicly filed its IPO … Read more
‘Big Short’ investor Michael Burry paved the way for the GameStop frenzy when he bought a stake in 2019. Here’s the story of Burry’s game-changing bet.
Michael Burry of “The Big Short” laid the groundwork for the GameStop short squeeze. The Scion Asset Management boss purchased a stake in the video-game retailer in 2019. He also pushed for changes in three letters to GameStop’s bosses. “The Big Short” investor Michael Burry unknowingly lit the spark that ultimately led to the GameStop … Read more
Why stock prices decline when you buy and increase when you sell ?
Is there any logical explanation to this? I think there is – checkout if it makes sense.
Delhi HC orders status quo on Future-Reliance deal
In a relief to Amazon, the Delhi high court on Tuesday said it is of the “clear view” that the emergency award (EA) by the Singapore International Arbitration Centre (SIAC) is enforceable in India. It has asked Future Group to not proceed with the Rs 24,731-crore deal with Reliance Industries (RIL) till it pronounces a … Read more
Amazon reported strong earnings for the fourth quarter. From $163,200 to nearly $60 million, here’s how the firm paid its executives in 2019.
Amazon beat fourth quarter analyst expectations with diluted EPS of $14.09. In 2019, Amazon’s executives earned between $163,200 and over $50 million. Due to previous equity awards, some executives did not receive stock in 2019. Visit Business Insider’s homepage for more stories. Amazon reported diluted EPS of $14.09 for the fourth quarter of 2020 on … Read more
Amazon’s Bezos to step down as CEO; quarterly revenue tops $100 billion for first time
The transition, slated for the third quarter, will make current cloud computing chief Andy Jassy Amazon’s next chief executive officer. Amazon.com Inc on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported its third consecutive record profit and quarterly sales above $100 billion for the first … Read more
Apple taps debt markets to raise $14 billion for future shareholder payouts
Apple is taking advantage of the low interest rate environment to raise $14 billion in debt, according to Bloomberg. The debt offering will include 40-year bonds and proceeds from will go towards buying back stock and dividend payments. Apple ended its most recent quarter with $196 billion in cash, and $112 billion in debt. Sign … Read more
Meet the GameStop investor upending the stock market with cat memes, reaction GIFs, and fundamental analysis
Reddit user u/DeepFuckingValue is a leading figure in Wall Street Bets’ clash with short-sellers. The value investor, who loves cat memes and reaction GIFs, claimed to have turned a $54,000 bet on GameStop into a $48 million fortune. Ten of his Wall Street Bets peers shared their views of him with Insider. Visit Business Insider’s … Read more