The financial technology industry has experienced a significant shift in recent years, with industry executives and investors indicating that the sector has reached a “bottom.” This observation suggests a departure from the unsustainable highs of 2020 and 2021 when venture capital flowed into startups with ambitious ideas but lacking in solid business metrics and fundamentals.
Global Finance
Foundation Robotics Labs, a humanoid robotics startup, has been making bold claims in order to secure funding for their seed round. The company, cofounded by the CEO of bankrupt fintech firm Synapse, has been telling potential investors that they have close ties and an imminent investment from General Motors. However, upon further investigation, it has
The recent sell-off in GameStop shares has intensified, causing concern among investors and traders alike. The spike in trading volume, particularly in call options, owned by meme stock leader Roaring Kitty, also known as Keith Gill, has raised eyebrows regarding the future direction of the stock. With 120,000 call options contracts with a strike price
The Federal Reserve held its key interest rate steady in its recent meeting and indicated that only one cut is expected before the end of the year. Despite market expectations for a more accommodative stance, the Federal Open Market Committee decided to take two rate reductions off the table from the three indicated in March.
As Roaring Kitty, also known as Keith Gill, closely monitors the rollercoaster ride of GameStop shares, he faces a daunting decision regarding his substantial options position that is rapidly approaching expiration. Gill currently holds onto 5 million GameStop common shares and an eye-popping 120,000 call options, involving a massive 12 million shares underlying those calls.
GameStop, the video game company at the center of a recent meme rally, announced that it raised more than $2 billion through a stock sale. The retailer completed an at-the-market equity offering by selling 75 million shares, generating proceeds of $2.14 billion. This move was seen as a strategic decision to capitalize on the renewed
Apple device users will soon have the option to access buy now, pay later loans through Affirm for their purchases. This collaboration between the two companies is set to provide more payment choices for U.S. Apple Pay users on their iPhones and iPads. Affirm stated that this partnership will allow users to experience the convenience
GameStop has experienced a drastic drop in its shares, with a staggering 14% decrease on Monday following a disappointing earnings report. This decline was further compounded by a lackluster livestream by Keith Gill, also known as Roaring Kitty. The stock, which had already fallen by nearly 40% on Friday, hit a new low of $24
Owning a piece of pop culture history is a dream for many, and iconic celebrity homes are the epitome of this desire. Luxury real estate experts like Tomer Fridman and Josh Altman emphasize the unique and rare nature of these properties, comparing them to owning a Picasso or a Fabergé egg. The recent listings of
In a bid to revolutionize private equity investing and address the challenges facing the initial public offering market, CEO Kelly Rodriques of alternative trading platform Forge Global has teamed up with Accuidity to introduce the Forge Accuidity Private Market Index. This innovative index aims to provide greater accessibility to unicorns for a wider range of
The recent revelation of an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed has sent shockwaves through the fintech sector in the United States. This discrepancy was exposed by the court-appointed trustee, Jelena McWilliams, who reported that customers of fintech firms utilizing Synapse had $265
Recently, a group of Credit Suisse bondholders initiated legal action against the Swiss government, demanding full compensation for the decision to write down the failed bank’s Additional Tier 1 (AT1) debt. This move came in the aftermath of Credit Suisse’s emergency sale to UBS last year, facilitated by the Swiss government. Swiss regulator Finma chose