After Just Eat Takeaway CEO Jitse Groen said he has no plans to sell Grubhub, the company’s stocks fell 2.6%, Seeking Alpha reported Wednesday (Nov. 17). Groen said he wasn’t looking actively to partner with anyone on Grubhub’s business, instead seeking out “strategic partnerships.” This...
Peloton saw its shares fall Tuesday (Nov. 2) possibly because of Apple’s new design patent for a fitness app, Seeking Alpha reported. The company’s shares have fallen almost 20% since September, when Apple debuted new Apple Fitness+ features, according to the report. The design has...
The parade of direct-to-consumer (D2C) listings continues. And while the consumers of D2C are staunchly loyal to the brands and the “lifestyles” that go along with them, one wonders if Wall Street will be as stalwart. Payments firms and platforms have had their moments, or...
Ride-hailing giant Didi could face hefty fines from Chinese regulators as well as possible delisting from the New York Stock Exchange (NYSE), CNBC reported on Thursday (July 21), citing sources. Didi shares dropped over 8 percent and its month-to-date losses totaled more than 25 percent....
Health insurance technology startup Clover Health saw its share prices surge some 109 percent on Tuesday (June 8) after Redditors talked up the company on forums like r/WallStreetBets, r/stocks and others. Share prices dropped off to a 48 percent increase and at around 3:30 p.m....
Market swings and the surging prices of meme stocks have caught the attention of the U.S. Securities and Exchange Commission (SEC), Bloomberg reported on Monday (April 7). The SEC is doing a deep dive into the markets for evidence of manipulation and other improper behavior...
GameStop shot up 16 percent in the stock market to $209.43 Tuesday (May 25), Bloomberg reported. That marked the highest value since March 17, and the rise was spurred by investors promoting the stocks on social media platforms like Twitter, Stocktwits and trader chatroom WallStreetBets,...
AMC rallied for five days on Nasdaq, going up 17 percent on Thursday afternoon (May 13), as investors took to social media with #AMCSqueeze to push up the price of shares, Bloomberg reported on the same day. On Twitter, #AMCSqueeze trended at the top spot....
Companies around the globe are rushing to go public, with the highest deal value in the first three months of 2021 than in the past 20-plus years, the Financial Times reported on Wednesday (April 28). So far in 2021, there have been 875 initial public...
