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1147 days ago

Bumble IPO sees success with 67% rise to $70

Shares of Bumble Inc., the owner of the dating app where women make the first move, soared 67% in its trading debut to $72 at 1:03 p.m. in New York, valuing Chief Executive Officer Whitney Wolfe Herd’s stake at $1.5 billion. - Bloomberg

#Stocks #Technology

1147 days ago

Hedge funds  that did short-selling underperformed in 2020 - could be worse with Reddit raiders in 2021

Of course short selling will naturally cut into gains in a bull market - but should in theory minimise losses in a bear market

#Stocks
Hedge funds that did short-selling underperformed in 2020 - could be worse with Reddit raiders in 2021

1147 days ago

Affirm sees slow down in sales, shares dip

Affirm Holdings Inc on Thursday forecast weaker sales volume for the current quarter, signaling a slowdown in the pandemic-induced boom in online shopping that helped it narrow its loss in its first results as a publicly-traded company. - Bloomberg

#Stocks

1147 days ago

Pinterest gains 100+ million users thanks to the pandemic

We don't hear much about Pinterest but they are doing really well. As you can see on the chart below, the company had a steady user growth in the past years. In total, the company has 98 million active users in the US, and over 361 million users abroad, making it one of the largest social network in the world.

#Stocks
Pinterest gains 100+ million users thanks to the pandemic

1148 days ago

Naked to the moon?

The NAKD stock keeps going up as momentum grows and shorts are nurturing the price growth. Is the GameStop scenario repeating? 

#Stocks
Naked to the moon?
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