In Part 1, we explored how WallStreetBets became the “graveyard” for the wealthy on Wall Street, where the short-selling plans for GameStop stocks were dismantled, leading to billions of dollars in losses for hedge funds. Even well-established funds like Melvin Capital, known for consistent profits, suffered massive losses and teetered on the brink of collapse. […]
If you’re an investor—or even if you’re not—you’ve likely heard of Wall Street. Despite being just a small street in Manhattan, New York, it serves as the global symbol of finance and securities, hosting numerous stock exchanges and investment firms. However, even in a place known for brilliant minds managing billion-dollar financial empires, history—and more
SVB was known as the biggest and the best bank nurture countless innovation and start-up with a generous venture capital for companies in Sillicon Valley. Not many people know that this bank was a result of a poker game in Pajaro Dunes between Bill Biggerstaff and Robert Medearis. What a coincidence that the SVB collapse
SVB collapse explanation – How a “too big too fail” bank was broken in 48 hours Read More »
