Tag Archives: stonks

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

Ja Rule is among the latest to support the WallStreetBets push on shares of GameStop (GME). But the Queens-born rapper is not the only relic of the 2000s bringing nostalgia to the stock frenzy of the last week. The r/WallStreetBets community on Reddit appears to be the modern reincarnation of online message boards of years’ past. Sites like Silicon Investing, Raging Bull, and this one — Yahoo Finance — served as open forums for investors to anonymously float ideas during the dot-com… Source link