Tag Archives: Wall Street

Amazon Lost $53 Billion in One Day Because Trump Has Opinions

With politicians, users, and even its own employees furious with Facebook in the wake of the Cambridge Analytica scandal, it’s hard to imagine that a company could be more screwed than the social network. But we live in Trump world now, and his “obsession” with punishing Amazon is causing investors to flee at a cost of $53 billion. Continue reading Amazon Lost $53 Billion in One Day Because Trump Has Opinions

Wall Street Executive Arrested For Stealing $25 Million From Charitable Foundation

A 39-year-old partner in PJT Partners’ Park Hill Group unit who used to work for Blackstone has been arrested for orchestrating a $25 million investment fraud, mostly by soliciting funds from a charitable foundation for fake deals that he claimed to be conducting between his employer and a private equity fund.

Continue reading Wall Street Executive Arrested For Stealing $25 Million From Charitable Foundation