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Oncternal Therapeutics Announces the Appointment of Dr. Rosemary Mazanet to the Board of Directors - read this article along with other careers information, tips and advice on BioSpace
Jan 29, 2021
The GameStop Corp. short squeeze has been tipped as finance’s “French Revolution” a middle finger to the establishment by a hive mind of Redditors able to channel cash into the stock market at such pace and scale that expert hedge funds have had to be thrown lifelines. That bored day traders could teach the pros a thing or two is reminiscent of other tales of the wisdom of the crowds Garry Kasparov’s four-month chess match against the internet in 1999 comes to mind. It’s also rightly attracting regulatory scrutiny.
The worry is that, rather than a glorious decentralization of finance, what seems to be unfolding here is a crypto-esque farce combining volatile trading and chatroom-driven tips reminiscent of cryptocurrencies like Bitcoin and penny stocks all in a market juiced by pandemic stimulus. The U.S. Securities & Exchange Commission says it’s “actively monitoring” options and equities markets after a surreal few days that saw GameStop
Goldman Sachs said a filing that the board views the 1MDB matter as "an institutional failure, inconsistent with the high expectations it has for the firm".
By Lionel Laurent
The GameStop Corp. short squeeze has been tipped as finance’s “French Revolution” a middle finger to the establishment by a hive mind of Redditors able to channel cash into the stock market at such pace and scale that expert hedge funds have had to be thrown lifelines. That bored day-traders could teach the pros a thing or two is reminiscent of other tales of the wisdom of the crowds Garry Kasparov’s four-month chess match against the internet in 1999 comes to mind.
It’s also rightly attracting regulatory scrutiny.
The worry is that, rather than a glorious decentralization of finance, what seems to be unfolding here is a crypto-esque farce combining volatile trading and chatroom-driven tips reminiscent of cryptocurrencies like Bitcoin and penny stocks all in a market juiced by pandemic stimulus. The U.S. Securities & Exchange Commission says it’s “actively monitoring” options and equities markets after a surreal few days that saw GameStop’s