In the last quarter, Michael Burry shifted his investment strategy by exiting his positions against the S&P 500 and Nasdaq 100, only to initiate a new play targeting semiconductor stocks, as per his latest portfolio update released on Tuesday. During the second quarter, Burry’s Scion Asset Management had acquired bearish put options on the SPDR … Read more
Amazon.com announced on Monday that it is enabling Snapchat users in the United States to make direct purchases within the app, a strategic move by the e-commerce giant to leverage the increasing trend of social media as a shopping platform. As social networks continue to shape consumer shopping habits, various platforms, including TikTok, are venturing … Read more
Michael Burry’s notable bearish bet against the stock market, which first made headlines in August, has been a rollercoaster for investors. At the beginning, his position was met with skepticism during the AI-driven summer market rally. However, it gained credibility as the S&P 500 experienced a sharp decline in late October. Recent developments, particularly the … Read more
In the rollercoaster world of AMC Entertainment, the latest earnings report triggered a jaw-dropping 20% drop in stock prices, leaving investors scrambling for answers. Despite a seemingly impressive Q3 showing a 45% YoY revenue surge to $1.4 billion and a profit of $12.3 million, AMC’s stock took a nosedive. So, what went wrong? The bombshell … Read more
In a shocking turn of events, Unity Software (NYSE:U) sent shockwaves through the market as its shares plummeted nearly 15% in the pre-market session today. The revelation of a massive $1 billion sale of 2% convertible senior notes due 2027 has left investors questioning the future of the renowned game-engine maker. The Deal Details: Unity … Read more
In a thrilling turn of events, Ethereum (ETH) has soared to new heights, shattering the $2000 barrier with a remarkable 8.53% surge, reaching an impressive $2,075.99. The four-hour chart is painting a picture of a bullish takeover, showcasing Ethereum’s break above the critical $1979 pivot point and setting its course towards immediate hurdles at $2,075.99 … Read more
In the tumultuous world of cryptocurrencies, Ripple (XRP) is currently facing a bearish onslaught, shedding 6.92% of its value and now trading at a precarious $0.6462. The digital currency has taken a dive below the critical $0.67328 mark, sending shockwaves through the crypto community. This article will delve into the technical indicators, recent developments, and … Read more
In the fast-paced world of digital advertising, Trade Desk Inc. (TTD) has sent shockwaves through the market, with its shares poised to take a staggering $9.4 billion hit in value. Investors are on edge after the digital ad platform issued a cautionary note, predicting a slowdown in sales during the crucial year-end period. Trade Desk, … Read more
Microvast Holdings, Inc., the cutting-edge technology firm specializing in the design, development, and manufacturing of lithium-ion battery solutions, has unveiled its unaudited condensed consolidated financial results for the third quarter ended September 30, 2023, showcasing a remarkable performance and laying the groundwork for an exciting future. Q3 2023 Highlights: Microvast’s Founder, Chairman, and CEO, Yang … Read more
In the ever-evolving landscape of cryptocurrency, Solana (SOL) has emerged as a formidable contender to Ethereum’s Layer-1, staging an impressive surge of over 113% in the last month alone. As the coin continues to break through resistance levels, recent developments surrounding BlackRock’s Ethereum ETF application have propelled SOL’s price to unprecedented heights, breaching the $47 … Read more