Shares of connected-TV platform company Roku (NASDAQ: ROKU) jumped on Friday after an analyst put a note out for investors. As of 1 p.m. ET, Roku stock was up 9%. Dozens of analysts follow Roku stock and Jefferies analyst Andrew Uerkwitz joined them today by initiating coverage with a hold rating, according to The Fly. Read More...
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You need to understand the FTX debacle even if you have no investments in crypto
The sudden collapse of FTX, the world’s third-largest cryptocurrency exchange, underlines how important it is for any investor to learn about the risks taken when money is parked with a lightly regulated firm. Sam Bankman-Fried resigned his position as CEO and was replaced by John J. Ray III, a lawyer who has worked on the bankruptcies of Enron, Nortel Networks and many other companies. FTX, based in the Bahamas, held about $16 billion in customer assets but had lent about $10 billion of that to Alameda Research, a trading firm also run by Bankman-Fried and headquartered in Hong Kong, according to a Wall Street Journal report.
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