Tag Archives: underwater

Meme Stock Hero Ryan Cohen Used Retail Investors To Pump ‘Extremely Underwater’ Bed Bath & Beyond Position, Strategist Says

Meme Stock Hero Ryan Cohen Used Retail Investors To Pump ‘Extremely Underwater’ Bed Bath & Beyond Position, Strategist Says

Retail traders were quick to flock to the side of Chewy Inc (NYSE: CHWY) founder and GameStop Corp (NYSE: GME) chair Ryan Cohen when he purchased a stake in Bed Bath & Beyond Inc (NASDAQ: BBBY) in March. Less than six months later, Cohen has filed intent to sell his stake in the embattled retailer and accusations are flying. One institutional investor has suggested that Cohen used retail investors to pump the stock for his own benefit. What To Know: Luke Lloyd, wealth advisor… Source link

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Underwater Google internet cable to connect Togo to Europe | Business and Economy News

Underwater Google internet cable to connect Togo to Europe | Business and Economy News

The West African country will be the first landing of the ‘Equiano’ cable, which will run from Portugal to South Africa. The West African country of Togo will be the first landing of a new Google undersea internet cable connected to Europe, in what the tech giant and the Togolese government have hailed as a “major digital infrastructure transformation initiative”. The announcement on Friday comes months after Google and Alphabet CEO Sundar Pichai announced a five-year $1bn investment… Source link

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FOIA data reveals tons of ‘underwater borrowers’ ahead of repayment cliff

FOIA data reveals tons of ‘underwater borrowers’ ahead of repayment cliff

Federal data reveals that despite the interest-free payment pause allowing borrowers to find some breathing room during the pandemic, two-thirds of nearly 430,000 student loan borrowers were still “underwater” — meaning that they still haven’t been able to make a dent on their original balance. The data, obtained from the Education Department (ED) by the Center for Responsible Lending and the National Consumer Law Center (NCLC) through a freedom of information request (FOIA) and provided to… Source link

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Google uses underwater fibre-optic cable to detect earthquakes

Google uses underwater fibre-optic cable to detect earthquakes

By Priti Parikh Underwater cables carry internet traffic around the world Christoph Burgstedt/Getty Images A 10,000-kilometre-long fibre-optic cable owned by Google that is at the bottom of the Pacific Ocean can be used to detect deep-sea seismic activity and ocean waves. Zhongwen Zhan at the California Institute of Technology in Pasadena, California, and his colleagues, including researchers at Google,… Source link

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Google is building a huge new underwater cable

Google is building a huge new underwater cable

Technology giant Google will build a new subsea cable, Grace Hopper. Built by SubCom, the cable will go live in 2022 and marks Google’s first cable to Spain and its first private subsea cable route to the UK. Grace Hopper is Google’s fourth wholly-owned cable and will provide increased reliability and support in outages. Google today announced its plans to build a new subsea cable with landing points in New York in the U.S. and Bude, U.K. and… Source link

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