Why Paypal buying Pinterest isn't really that weird Huh?! That was the general first hot take on the news that crossed the wires Wednesday afternoon that PayPal was exploring a deal to buy Pinterest. It was a logical initial reaction as PayPal is a payments platform that happens to own Venmo and is dabbling in...
How WeWork is trading in its public debut WeWork shares made their public debut on Thursday, marking a milestone for the shared workspace company after a failed initial public offering two years ago. WeWork’s stock began trading on the New York Stock Exchange under the ticker “WE” Thursday morning at $11.28 per share. The listing...
Dow Jones Dips; Donald Trump SPAC Explodes; Tesla Stock Nears Buy Point As Demand Surges The Dow Jones Industrial Average fell as IBM (IBM) sunk on earnings. Tesla (TSLA) neared a new buy point after spiking on earnings. A SPAC linked to former President Donald Trump exploded, with trading halted multiple times. It rocketed on...
This hot dog restaurant just saw its stock price surge more than 50% on its IPO day Investors are chowing down on shares of newly minted publicly traded hot dog chain Portillo’s. Shares of Portillo’s (PTLO) — a Chicago-founded outfit with a cult-like following across nine states — exploded more than 50% as investors ate...
Trump SPAC Soars as Retail Traders Pump Shares Higher (Bloomberg) — Retail investors are piling into the special purpose acquisition company that agreed to take former President Donald Trump’s media firm public as thousands of users pump shares across social media platforms. Most Read from Bloomberg Digital World Acquisition Corp., the SPAC that’s set to merge...
Is Novavax A Sell As Manufacturing Issues Reportedly Plague Its Covid Shot?
Google to Slash Fee It Takes From App Subscriptions in Half (Bloomberg) — Alphabet Inc.’s Google is slashing the fees it takes from subscription services on its app store following pressure from developers and lawmakers. Most Read from Bloomberg Beginning Jan. 1, the Google Play Store will charge third-party subscription apps a 15% commission, the...
D.E. Shaw, Saba Among Firms Winning Big on Trump SPAC Plan (Bloomberg) — Hedge funds including D.E. Shaw and Saba Capital Management own stakes in a special purpose acquisition company that surged Thursday after former President Donald Trump announced plans to create his own publicly traded media firm through a reverse merger. Most Read from...
PayPal Stock Falls As Analysts Mull Upside, Risks From Pinterest Acquisition Many analysts view PayPal Holdings’ (PYPL) possible acquisition of social media firm Pinterest (PINS) favorably, as the deal is expected to expand PayPal’s role in online shopping and advertising. But PayPal stock and PINS stock both fell on Thursday amid questions over a deal’s...
Tesla, GE, and the One Number That Indicates What’s Coming Next for a Stock. A General Electric facility in Belfort, eastern France. Sebastien Bozon/AFP via Getty Images If there is a magic bullet for predicting short-term moves in stocks, this is it: Watch the changes to analysts’ forecasts for earnings. Everyone knows that stocks go...