Robinhood Forgets What Its Namesake Stands For, And More Of This Week s One Main Character
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Feb 1, 2021 @07:49 AM
Each day on twitter there is one main character. The goal is to never be it maple cocaine (@maplecocaine) January 3, 2019
Every day somebody says or does something that earns them the scorn of the internet. Here at Digg, as part of our mission to curate what the internet is talking about right now, we rounded up the main characters on Twitter from this past week and held them accountable for their actions.
This week s characters include a former CNN host who made a disrespectful and narcissistic tribute to Larry King, a woman whose question to the internet has us worried about the future, an NYU professor who blames the GameStop stock frenzy on horny single men and the investment app that seemingly betrayed its own namesake.
An army of amateur traders loosely organizing on Reddit have shaken up all preconceived notions about the stock market as they fueled the meteoric rise of GameStop stock.
Shares for GameStop, the electronics retailer that has largely struggled in recent years, have skyrocketed by nearly 2,000% since the beginning of the year. Shares were trading at around $350 on Wednesday, compared to less than $18 a share earlier this month essentially creating billions of dollars in value for shareholders.
On Wednesday alone, the hot stock jumped by more than 100% after Tesla and SpaceX CEO Elon Musk further fanned the flames on Twitter after markets closed Tuesday.
Certainly, those are all respected business schools, but conspicuously absent are some of the “usual suspects” of elite MBA rankings.
For example, the top two schools from the Economist’s 2019 ranking, University of Chicago’s Booth School of Business and Harvard Business School, are nowhere to be found. How could that be?
The answer, it turns out, is that a number of top MBA programs simply decided to sit out the Economist’s ranking this year.
But their loss seems to be the gain of schools like IESE, which catapulted 9 spots to the top of the ranking, or EDHEC, which jumped an entire 25 spots.
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Apparel conglomerate VF Corp. closed on its $2.1 billion purchase of online streetwear sensation Supreme in the waning days of 2020. It was an acquisition coup that has been the buzz of the industry and part of a concerted effort to perfect the VF portfolio.
For several years now, that has also entailed dumping brands, including several workwear labels and denim companies Wrangler and Lee. But its star player right now is one it s hung on to for more than two decades, the more than 50-year-old outerwear brand The North Face, maker of tents, backpacks and puffy ski jackets, which VF bought in 2000. Several analysts called out the brand as a major contributor to VF s third quarter, which beat most expectations on profit and margins.