Shares of Paramount Global (NASDAQ: PARA) jumped 15% on Tuesday after Warren Buffett's Berkshire Hathaway disclosed a significant ownership position in the streaming service provider. Berkshire purchased nearly 69 million shares of Paramount stock in the first quarter. The media company was formerly known as ViacomCBS. Read More...
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Michael ‘Big Short’ Burry Shorts Apple
Infamous investor Michael Burry of “The Big Short” has bet against Apple ( ), according to a SEC filing. During the first quarter, Burry, a hedge fund investor who is known for predicting and profiting from the housing bubble and subprime mortgage crisis by betting against collaterized debt obligations or CDOs during the mid 2000s, stocked up on Alphabet ( ), Meta Platforms (FB), and Discovery ( ) for Scion Asset Management. The hedge fund owned bearish put options against 206,000 Apple shares as of March 31.
