Keith Gill, the individual known as “Roaring Kitty” on online forums, recently shared an update on Reddit’s Superstonk forum regarding his ownership of GameStop’s common stock. In a new screenshot of his E-Trade portfolio posted after the market close on Thursday, it was revealed that Gill now holds over 9 million GameStop shares along with
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The recent passage of legislation in New York to restrict social media platforms from exposing addictive content to users under the age of 18 without parental consent marks an important step in addressing the risks that children face online. The bills are aimed at curbing the negative impact of excessive social media use on adolescent
Alibaba, the Chinese e-commerce giant, is making significant strides in its global expansion efforts by introducing new services targeted at small businesses in the U.S. and Europe. One of the key initiatives announced by Alibaba.com, the company’s business-to-business platform catering to companies outside of China, is the launch of “Alibaba Guaranteed.” This new service is
Australia recently announced that it had decided to drop its legal battle against Elon Musk’s company, X, concerning the posting of graphic footage of a church stabbing in Sydney. The controversy surrounding this issue was widely viewed as a test case for the Australian government’s ability to enforce online safety standards on social media platforms.
Recently, the Consumer Financial Protection Bureau (CFPB) made an announcement regarding the creation of a public database that aims to identify nonbank financial companies involved in violating consumer laws. This new regulation requires a wide range of financial services companies, such as debt collectors, mortgage lenders, and credit reporting agencies, to report any actions taken
Rashawn Russell, a former investment banker at Deutsche Bank, was sentenced to 41 months in prison after admitting to a Ponzi-like fraud that involved promising investors guaranteed returns from cryptocurrency trading. The scheme, which ran from November 2020 to August 2022, targeted friends, former college classmates, and colleagues at Deutsche Bank. Russell claimed that he
The recent rise in bond yields has sent ripples of unease throughout the European stock markets. Investors are on edge as they anticipate the release of key inflation data, fearing that monetary policy may remain tighter for a longer period. This has led to a decline in the DAX index in Germany, the CAC 40
In a strategic move to boost its international presence and attract a wider audience, Alibaba’s AliExpress has partnered with soccer legend David Beckham in its latest global brand ambassador agreement. This collaboration comes at a crucial time when Chinese e-commerce companies are eyeing rapid expansion beyond their borders to gain market share and visibility on
Yaccarino, the CEO of a social media platform owned by Elon Musk, recently criticized Australia for its handling of a temporary order blocking videos of a violent incident in Sydney. She accused Australia of overreach in their attempt to regulate online content and argued that citizens should have access to information to make up their
Lowe’s, the home improvement retailer, exceeded Wall Street’s expectations in terms of quarterly earnings and revenue. Despite a decrease in pricey item purchases by do-it-yourself customers, Lowe’s managed to outperform projections. This positive outcome is in stark contrast to its competitor, Home Depot, which fell short of revenue expectations due to challenges in the housing
Microsoft’s Build developer conference is set to kick off, providing a platform for the company to showcase its latest advancements in artificial intelligence. With CEO Satya Nadella hinting at AI becoming a significant part of every PC by 2024, Microsoft’s ownership of Windows gives it a unique edge in the realm of AI. The integration
GameStop recently announced plans to sell 45 million common shares of its stock, causing the share price to drop by more than 20%. In addition to the stock offering, the video game retailer also reported a sales decline in the first quarter. These developments have contributed to the volatility in GameStop’s stock price. On a
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The recent announcement of the European Union launching an investigation into Meta, the parent company of Facebook, has raised critical concerns over the child safety risks associated with its platforms. The European Commission highlighted issues such as the stimulation of behavioral addictions in children and the creation of ‘rabbit-hole effects’ on platforms like Facebook and