Francis deSouza, the chief executive of the biotechnology giant Illumina, didn’t know what he was in for when he resisted Carl Icahn’s demand in March for three seats on the […]
Short Selling
Trending topics and news from the Short Selling category
Back to news homeSmaller Banks Are Scrambling as Share Prices Plunge
A cluster of regional banks scrambled on Thursday to convince the public of their financial soundness, even as their stock prices plunged and investors took bets on which might be […]
PacWest Says It’s Exploring Options After Shares Plunge
PacWest Bancorp, a midsize lender that has been under pressure after three of its larger peers failed this year, issued a statement overnight, after its share price suddenly dropped, saying […]
Buy GameStop, Fight Injustice. Just Don’t Sell.
“He provided a very clear thesis,” Mr. Gogna said, explaining that Mr. Gill’s work was an accessible contrast to other information — “charts, all these dizzying things” — out there. […]
Citadel to Redeem $500 Million From Melvin Capital
The hedge fund Citadel pumped billions of dollars into Melvin Capital after that fund’s bet against GameStop went bad, leading to huge losses. Now, Citadel is taking some of its […]
A Skeptical Stock Analyst Wins Big by Seeking Out Frauds
Last month, federal authorities charged the founder of the electric vehicle manufacturer Nikola, which had gone public in the summer of 2020, with defrauding investors. They were led there partly […]
Robinhood’s Guinea Pig for Upending Public Offerings: Itself
SAN FRANCISCO — When Vlad Tenev and Baiju Bhatt created the stock trading app Robinhood in 2013, the entrepreneurs declared that their mission was to democratize Wall Street and make […]
A Shadowy but Powerful Wall St. Firm Has Its Moment in Washington
The GameStop saga was a David-versus-Goliath story pitting small traders against big hedge funds and a cautionary tale about what happens when fast-moving Silicon Valley collides with the heavily regulated […]
Reddit raises $250 million in Series E funding
Reddit has raised a new funding round, totalling $250 million. This is the company’s Series E round of financing, and it comes hot on the heels of renewed public attention […]
Wall Street’s Most Reviled Investors Worry About Their Fate
If the price falls, the short seller buys the now-cheaper shares back, returns them to the broker and pockets the difference. But the strategy can be risky. If shares climb […]