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Coinbase files for direct listing after revenue more than doubles in 2020
Cryptocurrency exchange Coinbase on Thursday filed to become a public company and revealed that its revenue more than doubled last year. According to the filing, Coinbase had net revenue of $1.14 billion in 2020, up…
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GameStop frenzy leads to unrealistic expectations for returns
CNBC’s Jim Cramer on Thursday questioned “are prices real” on Wall Street anymore, as he exasperatingly tried to explain GameStop‘s rally of as much as 175% over the past two days. “I think the average…
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Robinhood is still on track for a hot IPO despite the GameStop uproar
Omar Marques | LightRocket | Getty Images Robinhood’s user growth, brand recognition and valuation appear to be stronger than ever as the online brokerage recovers from the GameStop trading chaos. Demand for Robinhood shares in…
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Hedge funds that hunkered down after GameStop are now missing out on market gains
Pavlo Gonchar | LightRocket | Getty Images Hedge funds are still licking their wounds after a retail trading frenzy forced the industry to slash its overall exposure to stocks, leading to an underperformance in 2021.…
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Cathie Wood’s funds take big morning hit before rebounding as the tech trade stumbles
Cathy Wood Crystal Mercedes | CNBC Some called it the “Cathie Wood sell-off.” At the open Tuesday, the top names owned by Ark Investment Management were the biggest decliners in the market. Shares of Palantir,…
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