GameStop, a company that was expected to close hundreds of stores in 2021, has made a stunning comeback in the stock market. And it’s all thanks to an army of Reddit users who were gutsy enough to take on big Wall Street.
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
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.
– The Securities and Exchange Commission on Wednesday approved a rule requiring companies to the reveal the discrepancy between what their top executive gets paid and what their ordinary workers take home.