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Delta Air Lines Inc. (DAL) has seen business plunge over the past year due to the COVID-19 pandemic. With government regulations limiting travel and many potential fliers opting to stay home, demand for Delta's services plunged in early 2020 and has remained depressed through April of this year.1
The IPO of crypto exchange Coinbase on Wednesday has captivated fans of digital currency and investors as they speculate on the potential for a $100 billion valuation on the company.
GameStop (NYSE:GME) ended 2020 with $216 million in long-term debt. But under an early redemption notice announced yesterday, the video game retailer said it will be retiring the notes at the end of the month. That will leave GameStop debt-free and able to focus its resources on transforming into a primarily e-commerce driven retailer.
The process against Visa has not been officially disclosed by the authorities, but it would observe its practices in the debit market
Exclusive:Dave Portnoy the Barstool Sports founder lost $700K in GameStop frenzy
Barstool Sports founder Dave Portnoy blamed stock-trading app Robinhood for the roughly $700,000 he lost trading in the Gamestop stock frenzy, as Redditors’ dream of taking meme stocks “to the moon” unravels and shares in the games retailer and others went tumbling on Tuesday.
“I have officially sold all my meme stocks,” Mr Portnoy said on Twitter on Tuesday.
I have officially sold all my meme stocks. I lost 700k ish. Vlad and company should never stop people to trade pic.twitter.com/qXP1N1UFil— Dave Portnoy (@stoolpresidente) February 2, 2021
“I lost 700k ish. Vlad and company should never stop people to trade,” referring to Robinhood CEO Vlad Tenev, whose company temporarily restricted trading on 50 stocks last week amid an internal cash crush that left it unable to meet regulatory requirements.
On Sunday, Mr Tenev told Tesla’s Elon Musk on the conversation app Clubhouse that he knew the shutdown was “a bad outcome for customers,” but argued “we had no choice in this case.”