• Reddit traders spar as Rocket Companies competes with GameStop as top short-squeeze target

    1 month ago - By Business Insider

    Summary List Placement Reddit traders on the platform's now-infamous Wall Street Bets forum sparred on Wednesday, arguing over which short-squeeze target should be the top dog: Rocket Companies or GameStop.
    Reddit's Wall Street Bets forum now boasts over 9.4 million members-affectionately referred to as 'degenerates' by the community's moderators. The forum has become a launching pad for retail traders to crowdsource short-squeezes in stocks.
    GameStop has long been the main target of the Reddit army , but after a historic run for Rocket Companies' stock on Tuesday, some members on the...
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  • Reddit traders spar as Rocket Companies competes with GameStop as top short-squeeze target

    Reddit traders spar as Rocket Companies competes with GameStop as top short-squeeze target

    1 month ago - By Business Insider

    Wall Street Bets users have driven up the GameStop stock price
    REUTERS/Dado Ruvic/Illustration/File Photo
    After Rocket Companies meteoric run on Tuesday, traders on the infamous WallStreetBets forum were left deciding which short squeeze target to prioritize.
    Most users appeared to to stand behind GameStop based on the figures seen in the daily 'Megathreads' posted on the subreddit.
    Some traders argued both companies can be targets, and that the in-fighting on the forum should stop.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    Reddit traders on the platform's...
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  • XL Fleet slumps 20% as famed investor Carson Block goes short, says the market is in a SPAC bubble full of 'garbage'

    XL Fleet slumps 20% as famed investor Carson Block goes short, says the market is in a SPAC bubble full of 'garbage'

    1 month ago - By Business Insider

    Summary List Placement
    Shares of XL Fleet tumbled as much as 20% on Wednesday as Carson Block of Muddy Waters Research revealed he was short the company.
    Block said that conversations with former XL Fleet employees revealed "a collection of exaggerations, half-truths, and mistruths."
    "This is a SPAC bubble, where all kinds of garbage is being foisted on the public markets and that XL is middle of the fairway SPAC garbage," Block said.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    XL Fleet fell as much as 20% on Wednesday as short-seller Carson Block of Muddy...
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  • The 20 best US schools for business and management studies

    The 20 best US schools for business and management studies

    1 month ago - By Business Insider

    Summary List Placement Global higher education research company QS Quacquarelli Symonds just released the 11th annual World University Rankings by Subject.
    QS published lists for 51 academic subjects this year, covering a wide variety of disciplines that fall into five broad categories. This includes history, law, various types of engineering, and business and management studies.
    To calculate a school's overall score and rank them with other schools from across the globe, QS looks at the academic reputation, employer reputation, research citations per paper, and h-index for each school. QS...
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  • The 17 best US colleges and universities for students who want to become nurses

    The 17 best US colleges and universities for students who want to become nurses

    1 month ago - By Business Insider

    Summary List Placement The University of Pennsylvania placed at the top of global higher education research company QS Quacquarelli Symonds' new list of the best universities for students who want to become nurses.
    This is the 11th set of QS World University Rankings by Subject, which looks at universities across the world to compile a list of the best schools for various subjects, including law and medicine.
    This year's rankings cover 51 academic subjects that fall into five categories: arts and humanities; engineering and technology; life sciences and medicine; natural sciences; and...
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  • The 20 best US schools for computer science and information systems

    The 20 best US schools for computer science and information systems

    1 month ago - By Business Insider

    Summary List Placement Global higher education research company QS Quacquarelli Symonds just published its 11th annual rankings of the best global colleges and universities for 51 different subjects.
    QS publishes several subject rankings that fall under engineering and technology, including the best schools for computer science and information systems. Massachusetts Institute of Technology ranked at the top of the computer science and information systems ranking, same as last year.
    To create these subject rankings, QS looks at academic reputation, employer reputation, research citations...
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  • XL Fleet slumps 20% as famed investor Carson Block goes short, says the market is in a SPAC bubble full of 'garbage'

    1 month ago - By Business Insider

    Carson Block, founding partner of Muddy Waters Research LLC, speaks on a panel discussion at the annual Skybridge Alternatives Conference in Las Vegas May 10, 2013.
    REUTERS/Rick Wilking
    Shares of XL Fleet tumbled as much as 20% on Wednesday as Carson Block of Muddy Waters Research revealed he was short the company. Block said that conversations with former XL Fleet employees revealed "a collection of exaggerations, half-truths, and mistruths." "This is a SPAC bubble, where all kinds of garbage is being foisted on the public markets and that XL is middle of the fairway SPAC garbage," Block...
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  • Inside Myx and Beachbody's new $2.9 billion fitness SPAC created to take on the likes of Peloton and Tonal with a more holistic approach to health

    Inside Myx and Beachbody's new $2.9 billion fitness SPAC created to take on the likes of Peloton and Tonal with a more holistic approach to health

    1 month ago - By Business Insider

    Summary List Placement Myx Fitness and Beachbody are hopping on the special-purpose acquisition company trend to take their companies public - all to best capitalize on the virtual at-home fitness boom .
    The fitness brands announced in mid-February they had entered into a three-way merger with the SPAC Forest Road Acquisition Corp, with intentions to bring the newly formed $2.9 billion company public in the second quarter of 2021. The merger marks the latest in a rising number of SPAC deals across a wide array of industries, including the fast-growing fitness, health, and wellness...
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  • Early-stage VCs say having their own SPAC gives them a hidden path into bigger deals

    Early-stage VCs say having their own SPAC gives them a hidden path into bigger deals

    1 month ago - By Business Insider

    Summary List Placement The creation of new special purpose acquisition companies has had an unintended side-effect on the venture firms spawning them: The buzz has improved their access to late-stage companies that are raising funds, investors say.
    Those startups are knocking on their doors because the venture firms now have a vehicle to take them public.
    The increase in interest by founders (known as "deal flow" in the venture world) is a perk but was not the goal for Lux Capital, says founding partner Peter Hébert. Its SPAC started trading on the stock market last fall.
    "It has brought...
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  • Doma CEO on disrupting real estate, going public via a SPAC deal

    1 month ago - By CNBC

    CNBC's Brian Sullivan talks with Doma CEO Max Simkoff about how his company is disrupting the real estate industry, going public via a SPAC deal and the role of technology in the future of homebuying.
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  • 'It just screams to us of stock promotion and bullsh-t': Famed investor Carson Block breaks down his new short position in XLFleet - and explains why it's the latest 'garbage' company to use the SPAC bubble to go public

    'It just screams to us of stock promotion and bullsh-t': Famed investor Carson Block breaks down his new short position in XLFleet - and explains why it's the latest 'garbage' company to use the SPAC bubble to go public

    1 month ago - By Business Insider

    Summary List Placement Muddy Waters Research has taken a new short position in vehicle fleet electrification company XLFleet, according to Carson Block, the firm's CIO and famed short-seller.
    In December 2020, XLFleet went public via a merger with special purpose acquisition company Pivotal Investment Corporation II, jumping 68% by its second day of trading. Since then, the stock has fallen by about 60%.
    And Block isn't convinced it can return to its lofty, post-IPO highs, saying it screams of "stock promotion and bullsh-t".
    "This is a SPAC bubble, where all kinds of garbage is being...
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