Shares of GameStop plummeted over 49% Tuesday to around $114 in a sign that the Reddit-fuelled rally in the stock was losing momentum, which could mean the stock will eventually return to the levels of around $20 where it traded just a few weeks ago. Individual investors had pushed the stock to a high of $347, squeezing big hedge funds that had bet against GameStock shares. Trading activity...
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Stripe Walks Tightrope to Stay Private. Could Other Firms Follow?
Thirteen years after starting Stripe, chief executive Patrick Collison is raising his company’s largest ever slug of cash from venture capitalists. And he plans to alter employees’ stock plans so the company can delay a public offering. Is this a sign that more tech firms will once again try to delay going public? Not necessarily. But Stripe is positioning itself to stay private for...
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