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Synopsis Many US hedge funds have lost money on bets to short GameStop stock. Global analysts say it’s unclear whether all small investors will make money. But for now, several retail players have made big money and the herd investing strategy is going strong. The GameStop game: How amateur Reddit Robinhood investors were beating Wall Street pros It’s small investors versus big Wall Street hedge funds – and Indian punters have now joined the party. Market estimates peg the Indian retail bet on the stock of GameStop previously a little-known US video game retail chain at Rs 60-65 crore since Monday. All Indian retail plays are like those that started when groups of American small investors began punting against hedge funds’ bet that GameStop stock will fall. ....
ETtech Morning Dispatch on 29 Jan. 2021: Top tech news to start your day Want this newsletter delievered to your inbox? SUBSCRIBE We ll soon meet in your inbox. / Newsletters Today, we are looking at TikTok and its tumultuous run in India from questions being raised on its Chinese origins to millions of downloads and its eventual exit from the country. The Biden administration is reviewing a proposal that had sought to increase wages for new H-1B visa applicants a deterrent for employers looking to bring in foreign workers. Also in the news is WhatsApp, which says Facebook doesn’t have access to its payments data in India. And Indians are getting onto the ....