Monday, June 14, 2021

AMC board members sold nearly $4M worth of stock this week

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AMC board members sold close to $4 million in shares this week, cashing in on the company’s latest monster rally fueled by its “meme stock” status.  Three members of AMC’s board of directors each...

Payments app Klarna soars to eye-popping $45.6B valuation

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Deferred payments app Klarna soared to a valuation of $45.6 billion in its latest fundraising round — buoyed by an investment from Japan’s SoftBank.  The “buy-now-pay-later” firm, which raised $639 million Thursday, is now...

Bidding on space flight with Jeff Bezos to start at $4.8M

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The bidding battle for a seat on Jeff Bezos’ spacecraft has reached new heights. Pre-auction bidding for a slot on Amazon founder and CEO Jeff Bezos’ July 20 Blue Origin flight closed Thursday...

Uber rival and Chinese ride-hailing giant Didi files for IPO

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Didi Chuxing, China’s biggest ride-hailing firm, on Thursday made public its filing for a US stock market listing, setting the stage for what is expected to be the world’s biggest initial public offering this...

Goldman CEO David Solomon to drop single on eve of return-to-work plan

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Goldman insiders have two things to groan about this weekend: Goldman Sachs CEO David Solomon’s back-to-work plan and his musical alter ego “DJ D-Sol.” Solomon, who spins records as a DJ...

Clover Health CEO Vivek Garipalli made millions allegedly ripping-off CarePoint patients

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The latest “meme stock” doesn’t sell video games or own a movie-theater chain — it’s a health insurance company whose founders have been accused of slapping hospital patients with exorbitant bills. Clover Health appears...

Here’s where inflation is hitting America’s wallets hardest

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Americans hungry to return to their pre-pandemic habits better be prepared to pay top dollar. Across the board, Americans can expect to shell out 5 percent more for goods and services than they would...

Sinclair raising $250M for new sports streaming service: sources

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Sinclair Broadcast Group is quietly raising money for a new service to stream Major League Baseball, National Basketball Association and National Hockey League games to fans over the Internet, The Post has...

Ex-Tribune executive Dan Strauss hired to grow TheWrap

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The former top digital executive at Tribune Publishing, who left last September, has landed as the chief product officer of TheWrap, a Hollywood online news site. Dan Strauss, based in Los Angeles had been...

GameStop earnings overshadowed by SEC meme stock investigation

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GameStop reported better than expected earnings this week — but its numbers were overshadowed by a disclosure that the Securities and Exchange Commission was investigating its trading practices. The company reported on Wednesday a...

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