6.16.2021

MicroStrategy triples down on bitcoin - Financial Times

"We have been forced to write about MicroStrategy and its yachtophile CEO Michael Saylor a few times lately. For those not in the know, that's the company that decided to invest billions of Federal Reserve-backed strings of 1s and 0s into bro-backed strings of 1s and 0s, and turn its equity into HODL proxy."

 

Roblox Slides After Reporting Month-Over-Month Drop in Bookings - Bloomberg

"The stock has doubled since the company's initial public offering in March."

 

DraftKings Stock Hurt by Short Seller's Report - Barron's

"Hindenburg Research alleges DraftKings subsidiary SBTech, which operates technology that facilitates online betting, sold its products to several organizations that don't comply with local gambling regulations. According to Hindenburg, about 50% of SBTech's revenue is generated in markets where gambling is prohibited."

 

Uranium Investors Have Become Overly Reactive - WSJ

"A group of uranium mining companies saw their stock prices plunge on Monday after news emerged that a nuclear power plant in Southeast China flagged a performance issue. It was yet another unnecessary investor meltdown."