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NYSE president Stacey Cunningham says the stock market is not a casino - and exchange officials have not been asked to testify at the upcoming GameStop hearing

NYSE president Stacey Cunningham told Axios in a recent interview that investing in the stock market does not resemble gambling. "The markets are not a casino," she told Axios Dan Primack. "They are highly regulated and theyre highly overseen. We are running a market that provides opportunities for investors to come in, invest in the companies they believe in, they believe that are gonna grow, and then share in that wealth creation." Senator Elizabeth Warren last month slammed hedge funds an...
United States Axio Dan Primack Stacey Cunningham York Stock Exchange Goldman Sachs New York Stock Exchange

Where Silicon Valley and Wall Street failed trying to reinvent the IPO

Mike Windle/Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Airbnb and DoorDash last week used a relatively new process for going public that borrowed elements from a traditional IPO and an auction. The process was pioneered by Unity Software in September. Despite their use of the so-called hybrid auction process, both companies saw their stocks surge in the first ...
David Baszucki Brian Chesky Axio Dan Primack Doordash Ipos William Blair Exchange Commission

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