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Top related persons:
Jerry's - 1 bitcoin - 1 George Lucas - 1 Bob Iger - 1 Nelson Peltz - 1 Lucas - 1 Goldman Sachs - 1 DLocal - 1
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San Jose , California
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Nvidia - 1 Unilever - 1 Disney — - 1 CNBC - 1 Tencent - 1

Search resuls for: "DLocal"


6 mentions found


☆ Stocks making the biggest moves premarket: Nvidia, Unilever, Coinbase and more
  + stars: | 2024-03-19 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +2 min
Here are the companies making headlines on Wall Street ahead of the opening bell. Several Wall Street analysts hiked their price target for Nvidia after the event. Disney — Shares declined less than 1% following news that filmmaker George Lucas is backing Disney CEO Bob Iger in the company's proxy fight with activist investor Nelson Peltz. Super Micro Computer — The tech stock tumbled more than 10% after a filing showed a new stock offering of two million shares. The company's full-year revenue guidance was also near the low end of Wall Street expectations.
Persons: Jerry's, bitcoin, George Lucas, Bob Iger, Nelson Peltz, Lucas, Goldman Sachs, DLocal Organizations: Nvidia, Unilever, Disney —, CNBC, Tencent Locations: San Jose , California
☆ Report of Argentina fraud probe sinks shares in dLocal
  + stars: | 2023-05-26 | by ( ) www.reuters.com   time to read: +1 min
May 26 (Reuters) - Uruguayan fintech dLocal, the South American country's first unicorn, saw its shares plummet on Friday, after Argentine news outlet Infobae published an article saying the government was investigating it for a possible fraud of at least $400 million. Citing unnamed official sources, Infobae said the Argentina government was investigating the fintech for "improper manouevers" and transfers abroad that would constitute a fraud, with most of its income coming from services sold to subsidiaries of the same firm. Infobae said sources at Argentina's customs agency said they were considering reporting dLocal to the U.S. Securities and Exchange Commission (SEC). dLocal issued a statement denying the article, claiming it had been the victim of "misleading allegations" and that it would continue to process payments normally in Argentina. The fintech's shares were down 17% in afternoon trading after losing more than 34% earlier in the day.
☆ Under fire for weak regulation, dLocal CEO says seeking UK license
  + stars: | 2022-12-07 | by ( Isabel Woodford | ) www.reuters.com   time to read: +3 min
Speaking in a closed-door call hosted by Goldman Sachs, dLocal CEO Sebastian Kanovich said that a full license with the UK regulator (FCA) was pending, citing the UK's exit from the European Union. "We have been advised not to engage in a tit for tat," he responded, adding dLocal was only engaging privately with stake holders. Neither dLocal nor Goldman Sachs responded to a request for comment. Muddy Waters told Reuters that Kanovich's explanations for the multi-million deficit in merchants' accounts "were so implausible, we literally laughed out loud." The company's CEO was also asked why dLocal had nearly $6 million in funds trapped in disgraced crypto exchange FTX, which dLocal failed to withdraw before the exchange's collapse.
☆ While Muddy Waters bets against dLocal, here are the other fintech stocks that short sellers are eyeing
  + stars: | 2022-11-18 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +3 min
While hedge fund Muddy Waters revealed a bet against payment processor dLocal , other short sellers appear to be eyeing several fintech companies. S3 Partners examined 66 stocks in the FINX fintech ETF for CNBC Pro and found $15.25 billion betting against the basket of stocks in total. Others might see structural headwinds for a company before it is fully reflected in the share price. Coinbase had a total of 27.53 million shares – or 18% of free-floating shares – betting against the share price. The fintech company, led by Twitter's co-founder Jack Dorsey, has seen its shares decline by 56.94% over this year.
☆ We are concerned that payment processor dLocal is a fraud, says Muddy Water's Block
  + stars: | 2022-11-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are concerned that payment processor dLocal is a fraud, says Muddy Water's BlockCarson Block, Muddy Waters Research founder, joins 'The Exchange' to discuss the company's new short position in dLocal, how he discerns good faith and bad faith behavior and more.
☆ Watch CNBC's full interview with Muddy Water's Carson Block
  + stars: | 2022-11-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Muddy Water's Carson BlockCarson Block, Muddy Waters Research founder, joins 'The Exchange' to discuss the company's new short position in dLocal, how he discerns good faith and bad faith behavior and his take on recent news at FTX.
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