DIRS.INFO The most relevant business & tech news

☆ How Nvidia is now worth more than Apple
▼ + stars: | 2024-06-20 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

But these multigenerational brand names are now trailing behind Nvidia, suddenly the most-valuable public company in the world. With a market value of over $3 trillion, Nvidia is worth more than most countries’ entire economies. All that demand for Nvidia chips surely must’ve increased competition, right? All that means is demand for Nvidia chips isn’t going away any time soon but that competition will continue to grow more fierce. Before we know it, another company with a name most people can’t pronounce will be referred to as the next Nvidia.

Persons: New York CNN —, chipmaking, “, Jensen Huang, Huang, OpenAI, it’s Organizations: New, New York CNN, Apple, Microsoft, Google, Nvidia, Meta, IBM Locations: New York, Denny’s, Silicon Valley

☆ Reddit's traffic is way, way up. Like, banoodles up.
▼ + stars: | 2024-06-19 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +1 min

Reddit's traffic is up 39% year over year this month, according to Similarweb. Reddit's big boost is likely from Google traffic. AdvertisementHave you seen more Reddit results in your Google searches lately? Way, way, not alone. Reddit's traffic has surged in the last few months, largely because of its increased prominence in Google search results.

Persons: —, Hugh Langley Organizations: Service, disney, Google, Business Locations: That's

The meme stock was down about 12%, as the company's rescheduled shareholder event wrapped up with no detailed remarks about its strategies. GameStop shares dropped to session lows Monday after the company's highly anticipated annual meeting failed to offer any concrete updates on the video game retailer's future plans. Cohen didn't provide more specifics on the company's future growth strategies. GameStop is still struggling with a transition to online gaming and away from brick-and-mortar video game purchases, with investors banking on Cohen to eventually reinvent the company. The retailer recently raised more than $2 billion in an at-the-market equity sale as the video game company took advantage of the revived meme rally.

Persons: Ryan Cohen, Cohen, Cohen didn't, Roaring Kitty, Keith Gill, Gill Organizations: GameStop, New York Stock Exchange Locations: New York City, U.S

☆ What Warren Buffett said about GameStop mania then, as the frenzy returns in 2024
▼ + stars: | 2024-06-16 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Meme stock and erstwhile videogame retailer GameStop is back in the limelight as Reddit ringleader Roaring Kitty stirs up another trading frenzy. Warren Buffett commented at length about the speculative behavior during the first GameStop mania in 2021. Then, the "Oracle of Omaha" called the stock market a gambling parlor for retail investors, encouraged by Wall Street's investment banks and brokerages. "It's become a very significant part of the casino group that has joined into the stock market," Buffett said at 2021's Berkshire annual meeting . Options trading in GameStop exploded after Roaring Kitty, whose legal name is Keith Gill, touted his large positions in those risky vehicles.

Persons: Kitty, Warren Buffett, Wall, It's, Buffett, They've, Keith Gill, John Maynard Keynes Organizations: GameStop, Berkshire, Citadel Securities Locations: Omaha

☆ Rich tourists rejoice! Greece is finally doing something about the cruise ship problem.
▼ + stars: | 2024-06-15 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTourists headed to the expensive hotels of Mykonos and Santorini: rejoice! About 36 million people visited Greece last year, up 20.8% from 2022, according to data from the Bank of Greece. Advertisement"In Santorini, even tourists complain about the great number of tourists," Greece's ombudsman said in a report released on Thursday. In fact, Koru, the superyacht owned by Jeff Bezos, has already made its way to Greece for the summer.

Persons: —, Kyriakos Mitsotakis, Louis Vuitton, Mykonos, Georgios Hatzimanolis, Jeff Bezos Organizations: Service, Bloomberg, Business, Bank of Greece, Bank of, Greek Tourism, Louis Locations: Mykonos, Santorini, Greece, Bank of Greece, Soho

☆ CNBC Daily Open: Mega money Musk, Kitty's stake grows
▼ + stars: | 2024-06-14 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Chipmaker Broadcom soared after it delivered better-than-expected second-quarter earnings and announced a 10-for-1 stock split. Mainland China's CSI 300 index fell 0.4%, while South Korea's Kospi rose 0.3%. Broadcom's shares soared 13% after reporting earnings that beat analyst expectations and announcing a 10-for-1 stock split.% after reporting earnings that beat analyst expectations and announcing a 10-for-1 stock split.

Persons: Elon, Musk, Janet Yellen, that's, Yellen, CNBC's Andrew Ross Sorkin, That's, Kitty, Keith Gill, Gill, Australia's, BofA Organizations: CNBC, Dow, Nasdaq, Broadcom, Dow Jones, Musk, Treasury, GameStop, Trade, Nikkei, Bank of Japan's, U.S, China's CSI, Chipmaker Broadcom, Bank of America Locations: U.S, Delaware, Japan, South

☆ Roaring Kitty becomes the 4th largest GameStop shareholder after nearly doubling his position to 9 million shares
▼ + stars: | 2024-06-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Keith Gill appears to have nearly doubled his GameStop position to nine million shares. AdvertisementKeith Gill, better known as Roaring Kitty on social media, appears to have nearly doubled his position in GameStop stock. With Gill's massive options position in the money, he partially sold the options and exercised some to acquire an additional 4 million shares at $20 each. He was briefly worth nearly $1 billion when GameStop stock soared to more than $60 in after-hours trading last week. Gill's nine million shares in GameStop are slightly ahead of the 8.3 million shares owned by State Street and behind the more than 20 million shares BlackRock, Vanguard, and GameStop CEO Ryan Cohen each hold.

Persons: Keith Gill, Gill, —, Ryan Cohen, Reddit Organizations: GameStop, Service, State Street, BlackRock, Vanguard, SEC

☆ Stocks making the biggest moves premarket: Adobe, Hasbro, GameStop and more
▼ + stars: | 2024-06-14 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

GameStop — The meme stock dipped 1.1% after Keith Gill, known as "Roaring Kitty," seemingly increased his ownership in GameStop. He appears to be holding 9.001 million GameStop shares and over $6 million in cash, according to a screenshot he posted to Reddit. JPMorgan upgraded shares to overweight from neutral on Friday, saying Adobe is poised for "smoother sailing ahead" after its strong quarterly print. Hasbro — Bank of America upgraded the toymaker to buy from neutral, sending shares 1.7% higher. On the other hand, the company saw $727 million in revenue, topping the $725 million estimate from analysts.

Persons: Keith Gill, Adobe, RH, LSEG, ZScaler, Alex Harring, Michelle Fox Theobald Organizations: GameStop, Adobe, JPMorgan, Hasbro — Bank of America, Wall, Boeing, New York Times, Federal Aviation Administration, Zero Trust Network Security

☆ Amazon has a secret workaround to scrape Microsoft's GitHub for AI model training data, leaked memo shows
▼ + stars: | 2024-06-13 | by ( Eugene Kim | ) www.businessinsider.com time to read: +8 min

Microsoft is likely to be unhappy when it discovers that its arch rival Amazon is leaning hard on GitHub for AI training data. "Our LLMs are trained on data from a variety of sources, including licensed and proprietary data, open-source datasets, and publicly available data where appropriate. It also said Amazon employees should create a "classic personal token," not a "fine-grained personal token," when signing up. Tech companies, hungry for even more training data, are also granting themselves new permissions to use a lot more of consumers' information. Though Amazon's legal team has approved the GitHub data scraping workaround, the move could put Amazon in a tricky position.

Persons: —, Rohit Prasad NurPhoto, Rohit Prasad, Amazon, Amazon's, Andy Jassy, Prasad, Matthew Butterick, Joseph Saveri, Joseph Saveri's, Butterick, Copilot Organizations: Service, Business, General Intelligence Group, Amazon, Microsoft, Google, Meta, GitHub, News Corp, Tech, Alexa Locations: GitHub

☆ DeSantis tourism board approves $17 billion development deal with Disney that could pave the way for a 5th theme park
▼ + stars: | 2024-06-13 | by ( Lauren Edmonds | Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Read previewCentral Florida's tourism district unanimously approved a $17 billion development deal with Disney that could mean a new era for the company's profitable theme parks. Members of the Central Florida Tourism Oversight District's board of supervisors pushed through the landmark deal on Wednesday evening during a meeting at its Lake Buena Vista headquarters. "This agreement is a big win for central Florida and will lead to numerous jobs and improved guest experiences." It will also permit Disney to build a fifth major theme park and two minor theme parks — something Disney fans have fantasized about for years. The development deal also authorizes Disney to add more rooms to its Central Florida hotel and expand its retail and restaurant space.

Persons: —, Ron DeSantis, Joe Burbank, Brian Aungst, Charbel Barakat, DeSantis, Bryan Griffin, Disney hasn't, George Miliotes Organizations: Service, Disney, Central, Central Florida Tourism, Business, Florida Gov, Orlando Sentinel, Tribune, Getty, Walt Disney, Communications, Wine Bar Locations: Central Florida, Buena Vista, Disney, Florida, Disney Springs

☆ Roaring Kitty's GameStop stake grows to 9 million shares after selling his big options position
▼ + stars: | 2024-06-13 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Meme stock champion Keith Gill, known as "Roaring Kitty" online, seemed to increase his ownership in GameStop 's common stock and appears to be holding more than 9 million shares. Gill posted a new screenshot of his E-Trade portfolio on Reddit's Superstonk forum after the bell Thursday, showing that he is now holding 9.001 million GameStop shares and over $6 million in cash. On June 2, the first day he started disclosing his position in 2024's meme stock frenzy, his portfolio had 5 million shares as well as 120,000 call options against GameStop. Call options give the holder the right, but not the obligation, to buy shares at a specified price by a certain expiration date. He could have dumped all of 120,000 call contracts and used the proceeds to buy the additional shares, or he could have sold a portion of the massive options position and exercised the rest early.

Persons: Keith Gill, Gill Organizations: GameStop

☆ Travel Agents Are Back. and Gen Z, Millennials Love Them.
▼ + stars: | 2024-06-13 | by ( Magdalene Taylor | ) www.businessinsider.com time to read: +11 min

Others in my generation — I'm on the cusp between Gen Z and millennial — were on the same page, determined to seek out "authentic experiences." Travel agents felt like vestiges of the preinternet world, like video-store clerks or pay phones, and I couldn't imagine ever needing them. And in a 2023 survey of 2,000 American travelers, 38% of Gen Z and millennial respondents said they preferred a traditional travel agent over online booking. There are travel agents specializing in just about every type of travel imaginable, from multicountry group tours to luxury all-inclusive trips. AdvertisementSmith is a Gen Zer and said that over half her clients are Gen Z.

Persons: Anthony Bourdain's, Bourdain, Z, —, Money, Gen Xers, boomers, we're, Matt James, he's, James, YouGov, millennials, Gen Zers, Kayla Smith, Smith, Zer, Zers, Ashley Kooker, William Lee, margarita, Magdalene Taylor Organizations: Travel, Mexico City, Sojourney, Resorts, Royal, Chima, San, — Locations: New York City, Italy, Japan, Costa Rica, Mexico, Vietnam, Hanoi, Coyoacán, Germany, Fora, Croatian, Florida, Royal Curacao, Ohio, Switzerland, TikTok, Swiss, Peru, Lares, San Pedro, Cusco, Lima

☆ GameStop: Why this meme stock frenzy is different from 2021
▼ + stars: | 2024-06-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —Meme stock mania is back. Meme stocks saw a resurgence last month after Keith Gill, an investor who helped stoke the meme stock frenzy in 2021, made his first post on X in three years. For many traders who experienced the original meme stock craze, the phenomenon has prompted a wave of deja vu. Still, there are key differences between the reignited 2024 meme stock craze and the original in 2021. While GameStop shares have surged in recent weeks, it is still down 65% from its record high closing price in 2021.

Persons: Keith Gill, ” Gill, Gill, —, that’s, Craig Sarembock, ”, Joe Biden, Donald Trump, Trump, Biden, Samantha Delouya, That’s, Elon Musk, OpenAI, Hanna Ziady, ” Musk, Apple Organizations: CNN Business, Bell, New York CNN, stoke, GameStop, CNN, Federal Reserve, Bartlett Wealth Management, Global, ExxonMobil, Chevron, ConocoPhillips, EOG Resources, Schlumberger, Apple, SpaceX, Bluetooth, OpenAI, Developers Locations: New York, United States, OpenAI

☆ Young men and women are diverging politically. That could shape the 2024 election.
▼ + stars: | 2024-06-11 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +18 min

In 2013, the share of self-identified liberals among young women exceeded the share among young men by 5 percentage points; by 2023, that gap was nearly four times as large. (In that survey, young men were substantially more likely than young women to say they rely on YouTube as a major source of news.) (In the Harvard poll, one-fourth of young women identified in some way as LGBTQ, more than double the share of young men.) “He’s got to make up for the defection of young men by winning young women by more, and he’s got to get every young woman he can out to vote,” said Lake, the Democratic pollster. Biden’s best hope of avoiding a catastrophic decline in his youth support is that the number of young women Trump repels exceeds the number of young men he attracts.

Persons: Joe Biden, Donald Trump, Biden, John Burn, Murdoch, ”, Harvard University’s John F, Daniel Cox, William Frey, Melissa Deckman, Gen, “, Trump, John Della Volpe, Joe Biden doesn’t, Della Volpe, White, Deckman, aren’t, Cox, Dobbs, Anna Dean, Dean, ” Della Volpe, he’s, don’t, ” Cox, “ Donald Trump, “ He’s Organizations: CNN, Trump, Biden, Pew Research Center, Financial, NBC, Democratic, Republican, GOP, Institute of Politics, Harvard University’s, Kennedy, Republican Party, Harvard, Democrats, Survey Center, American Enterprise Institute, Biden didn’t, Brookings Metro thinktank, Religion Research Institute, Biden’s, YouTube, Pew, AEI, Blacks, Harvard Poll, Biden won’t Locations: Gaza, New York, Bentonville , Arkansas, America

☆ An inside look at the weekend the GameStop frenzy began on WallStreetBets
▼ + stars: | 2024-06-10 | by ( Nathaniel Popper | ) www.businessinsider.com time to read: +19 min

Like Tesla and Palantir, GameStop was a popular stock to short among hedge funds, though GameStop took it to a whole new level. "That's how I feel about these GME posts that are using the 'P' and get in so we can cause an 'S' words that are no-nos." That was enough to make WallStreetBets the seventh-largest holder of GameStop stock, ahead of some of the big Wall Street investment firms that had shown interest in the stock. AdvertisementOn WallStreetBets, Alzmann shared the growing evidence that Cohen was indeed planning to take a more active role at GameStop. AdvertisementBut when Cramer dug into the conversation happening around GameStop on WallStreetBets, he saw that something new and more sophisticated was happening.

Persons: GameStop, Jaime Rogozinski, Tesla, Jordan Zazzara, I've, Zazzara, Ryan Cohen, Andrew Left, ahem Citron, PLTR, here's, Citron, We're, WallStreetBets, Uberkikz11, I'm, Ryder, Rod Alzmann, Bolt, Alzmann, Kitty, Roaring Kitty, StockTwits, lockdowns, Nathaniel Popper, Harper Collins, Cohen, Jim Cramer, manipulatively, Cramer, who've, It's Organizations: GameStop, Sony, Business, Twitter, Gamestop, Virgin Galactic, Blockbuster, Netflix, Citron Research, Research, Vanguard, YouTube, Roaring, Roaring Kitty, Owls, WSB, shits, GME Owls, CNBC, Virgin, Street Books, HarperCollins Publishers, Misfits Locations: sweatpants, Tampa , Florida

☆ AI and the IPO market: Demand is there but product is lacking
▼ + stars: | 2024-06-10 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Tempus AI = AI in healthcare Tempus AI is seeking to sell 11 million shares at $35-$37 in its IPO and is slated to begin trading this Friday. Intelligent Diagnostics use AI, including generative AI, to make laboratory tests more accurate, tailored, and personal. AI IPOs: few and far between While AI is again the big investment theme of 2024, AI-themed IPOs have been few and far between. But the appetite for AI IPOs is large, and investors are scanning for new investments. Although the anticipated flood of AI IPOs has not yet materialized, Matt Kennedy is confident more are coming.

Persons: Matt Kennedy, Howe Ng, Ng, IPOs Organizations: Nasdaq, Astera Labs, Renaissance Capital, Nvidia, Cerebras Systems, Citigroup, Tempus, Forge Global Holdings

☆ GameStop shares slide 16% following Friday's 40% sell-off
▼ + stars: | 2024-06-10 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Meanwhile, meme stock champion Keith Gill hosted his first livestream in a few years Friday. He revealed that he didn't have any institutional backers and the GameStop positions he had shared in screenshots were his only bets. The video game company's stock declined to just below $24 apiece on Monday after falling nearly 40% on Friday alone. GameStop shares fell more than 16% on Monday as the meme stock extended Friday's sell-off sparked by a dismal earnings report and a uninspiring livestream from Roaring Kitty. The analyst thinks that any boost GameStop got from Gill could turn out to be short-lived.

Persons: Keith Gill, Gill, Roaring Kitty, Michael Pachter, Pachter, NFTs, Roaring Organizations: New York Stock Exchange, GameStop, Amazon Locations: New York, Roaring

☆ I work 2 full-time jobs from 9 a.m. to 10 p.m. I'm sacrificing sleep, friends, and hobbies so I can retire in my 30s.
▼ + stars: | 2024-06-09 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +6 min

I started working two jobs while I was finishing my sociology and business major in college in 2021. My marketing job was flexible, so I could do my college work during my lunch breaks or quiet periods. I kept up my 2 jobs after collegeIt felt natural to continue working two jobs after graduating from college in 2022. I kept up my customer service job, working 65 hours over two weeks. If you work two full-time jobs and would like to share your story, email Ella Hopkins at ehopkins@businessinsider.com.

Persons: —, Jane, I'd, I'm, I've, Ella Hopkins Organizations: Service, Business, FIRE Locations: Canada, ehopkins@businessinsider.com

☆ Roaring Kitty Talked GameStop and Chugged Beer. Shares Plunged.
▼ + stars: | 2024-06-07 | by ( Rob Copeland | ) www.nytimes.com time to read: +1 min

Around lunchtime Friday, on a YouTube livestream watched by half a million people, a bandanna-clad man in white sunglasses grinned into his webcam and teased: “I’m about to show it.”Oh, stop it. Keith Gill, the man better known as Roaring Kitty, who became one of Wall Street’s unlikeliest celebrities during the meme stock mania of 2021 before disappearing from public view, was onscreen — and in his signature fashion, mixing beer, comedy and market commentary. A quick refresher: Three years ago, Mr. Gill’s unrestrained cheerleading of GameStop and other companies on social media made him a kind of rabbi to thousands of day traders stuck at home during the pandemic — people who bought loads of shares and drove those stock prices to nosebleed levels. These traders’ use of internet memes and social platforms like Reddit to trade stock tips ushered in a new class of investors. He vaulted back into prominence last month by posting on X a cryptic illustration that many took as a sign that he had returned to day trading.

Persons: Keith Gill, Kitty, Gill, ” Organizations: YouTube, GameStop

☆ X’s ‘new’ adult content policy isn’t new, sex workers say, and it hasn’t cleared up moderation concerns
▼ + stars: | 2024-06-07 | by ( Kat Tenbarge | ) www.cnbc.com time to read: +6 min

"I definitely see people who don't realize that the bot accounts aren't real sex workers," Leathers explained. Still, sex workers say it has become increasingly difficult to grow and reach their followings. "We balance this freedom by restricting exposure to Adult Content for children or adult users who choose not to see it," the policy says. Musk reportedly toyed with the idea of monetizing adult content, but the platform explicitly barred adult content from the program after introducing creator monetization in July 2023. "We're seeing consumers go to another site, to Reddit or Twitter where they can get adult content without age-verifying," Stabile said.

Persons: Elon, Sydney Leathers, Leathers, Musk, hasn't, Olivia Snow, monetization, Snow, influencer Pearl Davis, Trip Richards, Mike Stabile, Stabile, Richards Organizations: Twitter, SpankChain, UCLA, Free Speech Coalition, NBC Locations: Texas , Utah , Arkansas, Virginia , Montana , North Carolina and Mississippi, U.S

☆ Wall Street is putting its foot down as ‘Roaring Kitty’ sends GameStop soaring again
▼ + stars: | 2024-06-07 | by ( Krystal Hur | ) edition.cnn.com time to read: +9 min

That means that Gill has the right to purchase 12 million shares of GameStop at $20 apiece by a set expiration date. GameStop shares closed Wednesday at $46.55 a share, more than double the price locked in by those options. Gill hasn’t explicitly told anyone to buy GameStop shares or that he thinks it’s headed to the moon. In comparison, shares of GameStop and AMC Entertainment have surged 167% and 99%, respectively, since Gill’s return to social media. Keith Gill, a GameStop investor, also known in social media forums as Roaring Kitty, testifies during a virtual hearing on GameStop in Washington, Feb. 18, 2021.

Persons: Kitty, Keith Gill, Gill, Michael M, Gill hasn’t, it’s, Jay Woods, Woods, hasn’t, Morgan Stanley, Gill isn’t, copycats, Warren Buffett, Berkshire Hathaway, Buffett, Chubb, ”, Bill Galvin, Gill’s, Hanna Ziady, Christine Lagarde —, ” —, Read, OpenAI, Brian Fung, Inflection’s, didn’t, Keith Gill’s Organizations: CNN Business, Bell, New York CNN, GameStop, AMC Entertainment, CNN, Gamestop, New York Stock Exchange, Street, Freedom Capital, Berkshire, The Securities, Exchange Commission, SEC, Financial, Traders, stoke, Wall, Retail, Roaring Kitty YouTube, European Central Bank, US Federal Reserve, Bank of England, ECB, Federal Trade Commission, FTC, Justice Department, Microsoft, Google, Nvidia, of Justice Locations: New York, New York City, Massachusetts, Washington, Europe

☆ It's never been easier to start a company, says Reddit cofounder Alexis Ohanian. Here are his top 4 tips.
▼ + stars: | 2024-06-07 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Ohanian is a cofounder at Angel City, a board member of Apecoin, and has made more than 220 investments, according to PitchBook data. AdvertisementIn a 2023 episode of MasterClass, Ohanian explained what it's like to be on the other side of the investment table and shared his top tips for startup founders. "That's not just doing the work — that's doing the right work." Ohanian suggested that early founders focus on shipping something, even if it's basic, and sharing that widely on social media. Ohanian recommended founders look outside their network when hiring and aggressively reach out to talent on platforms like X.

Persons: —, Alexis Ohanian, Steve Huffman, Condé Nast, Ohanian, It's, That's, that's, it's Organizations: Service, Business, Angel City

☆ Roaring Kitty: Keith Gill confirms that social media posts, GameStop position are his
▼ + stars: | 2024-06-07 | by ( Krystal Hur | ) edition.cnn.com time to read: +3 min

The famed meme stock icon, also known as “Roaring Kitty,” made a long-awaited appearance on a livestream on his YouTube channel Friday. Finance’s GameStop stock ticker page. Gill had communicated exclusively by posting memes, gifs, short video clips and screenshots of his portfolio until the livestream, leaving it unclear if it even was Gill behind the social media posts. The video game retailer recorded a loss of $32.3 million, slightly better than the $50.5 million loss the prior year. The video game stock has seen wild swings in recent weeks reminiscent of the meme stock craze after Gill’s return to social media in May.

Persons: Keith Gill, ”, Gill livestreamed, “ It’s, Gill, ” Gill, I’m, “, Ryan Cohen, Cohen, he’ll Organizations: New, New York CNN, YouTube, Sporting, Yahoo, GameStop Locations: New York, Brockton , Massachusetts

Keith Gill, better known as "Roaring Kitty" on X and YouTube and as "Deep-------Value" on Reddit, hosted his first livestream since the meme stock craze that took place three years ago. Gill said he believes in the video game retailer's reinvention under CEO Ryan Cohen, reiterating his previous investing thesis and offering little new reasoning behind his large stake. He also revealed that he didn't have any institutional backers and the GameStop positions he had shared in screenshots were his only bets. Shares of GameStop were halted multiple times during his stream. Read a recap of the livestream below:

Persons: Keith Gill, Gill, Ryan Cohen Organizations: YouTube, GameStop

☆ Waystar shares slip in Nasdaq debut after digital health company priced IPO in middle of range
▼ + stars: | 2024-06-07 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Waystar shares slid about 3% in their Nasdaq debut on Friday, after the health-care payment software vendor priced its IPO in the middle of the expected range. The stock opened at $21 per share, below the IPO price of $21.50 late Thursday. The IPO market has been largely dormant since late 2021 when the extended bull market turned and investors began to worry about a weakening economy. But the broader venture-backed tech market may be beginning to thaw. Health tech company Tempus AI has also issued a preliminary prospectus this year.

Persons: Waystar, Matt Hawkins, CNBC's, JPMorgan Chase, Goldman Sachs Organizations: Nasdaq, Rock Health, Health, ZirMed, JPMorgan, Barclays

Search resuls for: "reddit"

25 mentions found