Coupang's (NYSE: CPNG) stock surged nearly 11% during after-hours trading on Nov. 9 in response to its third-quarter earnings report. Coupang ended 2021 with 9 million paid WOW subscribers, compared to its 6 million subscribers at the end of 2020. Read More...
MarketWatch
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.
