2021-06-02
Quite the story on @chamath, his Trumpian approach to his public persona, and his involvement in SPACs by @cduhigg https://www.newyorker.com/... via @NewYorker
New Yorker
A close look at Chamath Palihapitiya and SPACs, which could become a fixture of the economy as investors develop proper skepticism and regulations emerge
Chamath Palihapitiya says that the investment tool lets ordinary people get rich off startups. It may be hype—but hype can be its own economic engine.
2021-01-31
At its inception, @RobinhoodApp wanted democratize trading. But part of that is dealing w moneyed, established players. That really hits home when your cash margin demands rise tenfold. Our story, w @nathanielpopper, @MatthewPhillips, and @tarasbernard https://www.nytimes.com/...
Under the Hood
Robinhood explains why it placed restrictions on certain securities over the past week, says its clearinghouse-mandated deposit for equities increased tenfold
managed by obscure entities at the center of the stock market called clearinghouses — kicked in Thursday, forcing Robinhood to find emergency cash to continue to be able to trade.”...
Important development: @RobinhoodApp acknowledges it limited trading in @gamestop, AMC, and others on Thursday because its clearing requirements were so large: https://blog.robinhood.com/...
Under the Hood
Robinhood explains why it placed restrictions on certain securities over the past week, says its clearinghouse-mandated deposit for equities increased tenfold
managed by obscure entities at the center of the stock market called clearinghouses — kicked in Thursday, forcing Robinhood to find emergency cash to continue to be able to trade.”...
2020-11-12
What happened at @SoftBank when the activist hedge fund Elliott, known for its in-your-face tactics, opted to play the nice guy (forced partly by its limited leverage). Good read https://www.wsj.com/... via @WSJ
Financial Times
SoftBank reveals details for SB Northstar, a new unit focused on Nasdaq tech stock trading: $17B portfolio, $3.4B in equity derivatives, and a $3.7B loss so far
Financial Times :
What happened at @SoftBank when the activist hedge fund Elliott, known for its in-your-face tactics, opted to play the nice guy (forced partly by its limited leverage). Good read https://www.wsj.com/... via @WSJ
Wall Street Journal