Tag Archives: amateur

Amateur Fossil Hunters Make Rare Find in U.K. Using Google Earth

LONDON — Millions of years before the Cotswolds, in western England, became a popular vacation destination, romanticized for its ancient woodlands, honey-colored stone villages and medieval abbeys, it was a shallow, warm sea, home to a Jurassic marine ecosystem. Over 167 million years later, two amateur paleontologists, Neville and Sally Hollingworth, uncovered fossils in a limestone quarry there, the largest find of Jurassic starfish and their relatives ever to be made in Britain. More than… Source link

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SPACs turn to ‘stonks’ as amateur traders take on more risk

By Joshua Franklin and Krystal Hu (Reuters) – For Jonny Coreson, $4 billion is worth $5 billion. The 32-year-old test prep business owner from Denver invested $100,000 in shares of veteran hedge fund manager Bill Ackman’s special purpose acquisition company (SPAC), Pershing Square Tontine Holdings Ltd, after they soared 25% in December with no imminent deal in sight. This valued the blank-check acquisition firm at $5 billion, when on paper it was worth only the $4 billion it had raised in an… Source link

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How amateur investors took on Wall Street and won

Gamestop shop It’s a battle between Wall Street pros and upstart investors using social media platforms like Reddit. And at the moment, the upstarts have the upper hand. At the centre of the tussle is a US video games bricks and mortar retailer called Gamestop, arguably something of a relic in a world moving online. Shares in the business rocketed again on Wednesday, up 116% at the start of trading in New York. That’s on top of a 92% jump on Tuesday, and takes gains in the last week well above… Source link

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