The recent rally in Chewy shares can be attributed to Roaring Kitty, also known as Keith Gill, who is infamous for his involvement in meme stock trading. By posting a picture on social media that resembled the logo of Chewy, Gill caused a surge in the stock price, with shares jumping as much as 34%
Social media
Cody Gude, a 35-year-old social media consultant from Tampa, Florida, was eagerly anticipating a reduction in his student loan payments from $200 to $100. However, his hopes were dashed upon hearing the news that major parts of the Saving on a Valuable Education, or SAVE, plan were on hold. The temporary injunctions issued by federal
Xreal, an Alibaba-backed startup, has introduced the Beam Pro device, revolutionizing the augmented reality (AR) experience for users. The Beam Pro serves as a bridge between AR glasses and Google Play Store apps, offering a virtual mouse-like functionality that opens up a world of possibilities for gaming, movie streaming, and social media interactions. With the
Gen Z is proving to be a generation that is ahead of the curve when it comes to investing. According to the 2024 Schwab Modern Wealth survey, Gen Z adults are starting their investment journey at the young age of 19 on average. This is a stark comparison to the baby boomers who began investing
GameStop’s highly anticipated annual shareholder meeting took a turn for the worse on Thursday as technical difficulties plagued the event. The servers hosting the meeting crashed due to overwhelming interest in the stream, causing frustration among attendees who were unable to access the event. The meeting, which was scheduled to begin at 11 a.m. ET,
GameStop, the video game retailer that has been in the spotlight due to the meme trader “Roaring Kitty,” has recently reported dismal fiscal first-quarter results. The company’s net sales plummeted by 29% to $881.8 million compared to $1.237 billion in the previous year. These figures were even lower than what Wall Street analysts had predicted,
The emergence of Financial TikTok, or #FinTok, has drawn the attention of many individuals, particularly those belonging to Generation Z. This group has shown an increasing interest in obtaining financial information, tips, and advice through various social media platforms like TikTok, YouTube, and Instagram. This shift can be attributed to the limited access this generation
Billionaire investor Bill Ackman is making headlines once again by selling a 10% stake in his investment firm, Pershing Square. This move is part of a larger strategy to eventually take the firm public, with a recent funding round raising $1.05 billion. The transaction values Pershing Square at $10.5 billion and has garnered interest from
In a recent open letter, Joe Erlinger, the president of McDonald’s USA, addressed the growing concern over the company’s pricing strategy. Contrary to claims on social media, Erlinger revealed that the average price of McDonald’s menu items has only increased by around 40% since 2019, not the exaggerated 100% as some House Republicans suggested. Erlinger
In light of the COVID-19 pandemic and its subsequent impact on travel, Chinese high-income households are now showing a preference for domestic travel over international destinations. A recent survey by consulting firm Oliver Wyman revealed that only 14% of families earning at least 30,000 yuan a month in mainland China, who traveled internationally last year,