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[Link] New lawsuit calls Kotick’s handling of Activision-Microsoft merger “inexcusable”

Read: 6/5/2022 arstechnica.com

The Activision-Blizzard shareholders' response to a whirlwind of news over the past year—which include disturbing, company-wide allegations of sexual harassment and pay disparity, followed by a $68.

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[Link] Tesla asks judge to pause suit alleging ‘rampant racism’ against Black workers

Read: 19/4/2022 www.theguardian.com

Tesla has asked a California judge to pause a lawsuit against the company alleging widespread racial discrimination at its flagship assembly plant.

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[Link] Meme Stock Traders Pump Fake Company Enough to Get It Trending

Read: 13/4/2022 www.vice.com

The increasingly bored-seeming WallStreetBets crowd has decided that instead of pumping real companies, it’s going to start focusing its energy on a fake one.

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[Link] Report: SEC investigating Activision Blizzard investors for insider trading

Read: 9/3/2022 arstechnica.com

The Securities and Exchange Commission is investigating three investors for alleged massive insider trading just ahead of Microsoft's January announcement of merger plans with Activision Blizzard, according to a Wall Street Journal report.

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[Link] Peloton Apologizes to 2800 Laid-Off Workers With Free Memberships

Read: 8/2/2022 www.vice.com

Peloton, the fitness and technology company, announced Tuesday that it was laying off 2,800 people as it attempts to right the ship following a string of controversies and corporate missteps that led to production stoppages, price increases, and a plunging share price.

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[Link] AOC Says She Doesn't Own Bitcoin to Do Her Job 'Ethically'

Read: 8/12/2021 www.vice.com

On Monday, Rep. Alexandria Ocasio-Cortez clarified on Instagram that she does not hold any digital assets or tokens, including Bitcoin, and said she doesn’t believe policymakers should be able to hold financial products like stocks.

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[Link] I Lost $400,000, Almost Everything I Had, on a Single Robinhood Bet

Read: 2/12/2021 www.vice.com

I was 26 and stupid. I had arrived in the U.S. when I was 18. I didn't have money and worked shitty jobs to get through college. I didn't go to a nice school, and I've worked in sales ever since I graduated. My first job paid me $40,000. Next one $50,000.

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[Link] Shares in Australian-listed buy-now-pay-later companies plummet by up to 96%

Read: 25/11/2021 www.theguardian.com

Shares in Australian-listed buy-now-pay-later companies have plunged by an average of about 80% compared to peak prices within the past year, driven down by swelling losses and lower-than-expected consumer interest in the product.

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[Link] ‘Domino effect’ warning as $200 billion wiped off cryptocurrency market

Read: 16/11/2021 www.news.com.au

Hundreds of billions of dollars have been wiped off cryptocurrencies in a market-wide crash that has brought the price of bitcoin down below $60,000.

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[Link] Fed: Meme Stocks Might Blow Up U.S. Economy One Day

Read: 9/11/2021 www.vice.com

The Federal Reserve is worried that risk-taking online investors and social media echo chambers could lead to a “potentially destabilizing outcome.

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[Link] Why Does FaZe Clan Think It’s Worth $1 Billion?

Read: 27/10/2021 www.vice.com

FaZe Clan, the esports and gaming influencer group, announced plans on Monday to become “the only digitally native, youth-focused lifestyle and media platforms publicly traded on a U.S.

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[Link] Opinion: Dear Facebook: No one cares about Oculus; give us Instagram revenue!

Read: 26/10/2021 www.marketwatch.com

Facebook goes the Alphabet route — giving investors numbers on a young business instead of mature operations, while renaming the company — but can we just skip to the part where the SEC makes Zuckerberg tell investors what they actually want to know? Facebook Inc.

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[Link] China’s infant formula golden days are gone, says Bega

Read: 26/10/2021 www.afr.com

Bega Cheese chairman Barry Irvin has warned that infant formula markets in China are unlikely to recover to pre-COVID-19 levels, but on a brighter note, said the company gained a bargain in last year’s acquisition of the Lion portfolio of milk and flavoured milk brands.

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[Link] WallStreetBets Is All In on DWAC, the Company Behind Trump's New Media Empire

Read: 25/10/2021 www.vice.com

WallStreetBets goes MAGA over Digital World Acquisition Corp stock.

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[Link] Bitcoin Just Hit an All Time High Price: $67,000

Read: 20/10/2021 www.vice.com

The price of Bitcoin hit an all time high on Wednesday, one day after the first Bitcoin futures exchange-traded fund (ETF) launched. At its height, the cryptocurrency was trading for $67,016.50, several thousand more than its $64,895.22 high in April.

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[Link] SEC: GameStop Frenzy ‘Tested the Capacity and Resiliency’ of Stock Market

Read: 19/10/2021 www.vice.com

“At the same time, the trading in meme stocks during this time highlighted an important feature of United States securities markets in the 21st century: broad participation,” the report noted.

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[Link] People Are Taking Out Loans Against Their NFTs—And Defaulting

Read: 15/10/2021 www.vice.com

In the ongoing speedrun to turn everything into a non-fungible token, savvy traders and entrepreneurs have recently taken a few steps to squeeze more investment opportunities out of their JPEGs. Case in point: it’s now a thing to take out a loan and offer up an NFT as collateral.

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[Link] Evergrande vows to meet first debt deadline, allaying some fears of collapse

Read: 22/9/2021 www.theguardian.com

Chinese property developer Evergrande has said it would pay some of the bond interest due on Thursday, allaying fears of an imminent and messy collapse that had spooked investors.

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[Link] Wall Street Investors Press Corporate Landlords on Eviction Plan

Read: 7/8/2021 theintercept.com

In courthouses across the country this week, grief and anger over looming eviction orders turned to hope as the Biden administration shifted course.

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[Link] Robinhood to Raise Billions From the Rich, Give None of It to the Poor

Read: 28/7/2021 www.gizmodo.com.au

Robinhood, the wildly popular stock-trading app that’s made it easy to throw fistfuls of money at meme stocks while also occasionally locking those users out of trades on a whim, is ready to cash in big time.

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[Link] Most wanted: The top 5 online crime gangs running ransomware

Read: 27/7/2021 thenextweb.com

An independent news and commentary website produced by academics and journalists.

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[Link] The world's first publicly traded person - Marketplace

Read: 18/4/2021 www.marketplace.org

A few months ago Mike Merrill, a freelance creative producer in advertising, saw a job opening that piqued his interest. Should he put in an application?

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[Link] Reddit army risks sparking a 'black swan event'

Read: 2/2/2021 www.abc.net.au

Early on the morning of September 12, 2001, my home phone didn't stop ringing. I eventually picked it up and my panicked boss wanted me to come into work ASAP. I was a 'desk jockey' for a stockbroking firm and the phones were ringing off the hook.

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[Link] What Exactly Is a Short Squeeze?

Read: 29/1/2021 www.kiplinger.com

And if you haven't been following GameStop, you should, purely for the entertainment value. They might very well make a movie about the trading action in that stock over the past few weeks.

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[Link] Did Reddit Just, Uh, Save the Movie Theater Business?

Read: 29/1/2021 slate.com

Amidst all the wild news stories in the past few days of Reddit-inspired investors snapping up GameStop stock, hedge funds scurrying for cover, and trading platforms called “Robinhood” suddenly deciding that helping the poor steal from the rich is not their business model, there’s been a parti

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[Link] How hedge funds are tracking Reddit posts to protect their portfolios after the Wall Street Bets crowd helped tank Melvin Capital's short positions

Read: 29/1/2021 www.businessinsider.com

Retail investors — especially from the subreddit Wall Street Bets — helped force one of the top-performing hedge funds of the past half-decade to secure billions in emergency funding from two ultracompetitive peers.

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[Link] Analysis: Short sellers face derision, death threats and unexplained pizza

Read: 29/1/2021 www.reuters.com

Short sellers - contrarian investors who bet against rising stocks, such as Jim Chanos’ Kynikos Associates, Carson Block’s Muddy Waters Research and Andrew Left’s Citron Capital - have been called accurate forecasters of stock market returns by academics and market manipulators by critics.

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[Link] Ignore The Populist GameStop Hype. Short Sellers Are Heroes

Read: 29/1/2021 www.forbes.com

Back around 2007, investor John Paulsen began to feel skeptical about the viability of mortgage securities. Though demand for them was much greater than supply, Paulsen sensed that lending standards had plummeted so far that loan delinquencies were set to surge.

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[Link] How WallStreetBets Pushed GameStop Shares to the Moon

Read: 27/1/2021 www.bloomberg.com

Short sellers have been called a lot of things. Bloodsuckers. Parasites. Other words not fit to print. Now in the vortex engulfing GameStop Corp., they have a new name: the establishment.

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