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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How Vice, Vox and BuzzFeed Are Cashing In on the Streaming Boom
“Land of the Giants” is a podcast series from Vox Media’s Recode covering the history of tech companies including Amazon and Netflix. It will soon be a TV show, made by Vox for a major cable network for a fee of several millions of dollars, according to people familiar with the matter. Digital media firms which have long struggled to compete with Facebook and Google for a...
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