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Their focus is on the metaverse, cars and health care | Briefing

JB Lacroix/Getty Images Watch the new Hulu documentary WeWork: Or the Making and Breaking of a $47 Billion Unicorn, and if you can keep your eyebrows from crawling off your face entirely in the first 20 minutes, my hat’s off to you. WeWork — the now-troubled company that took out long-term leases on New York City real estate and built fun co-working office spaces for millennials — is described throughout the film in terms that border on the religious. It began as a “transparent and accountable” community, focused on “connection” and “changing the world.” Spending your days...

Instead of heralding a new wave of investor populism, the rise and fall of GameStop’s stock may end up reinforcing what professional investors have known for a long time: Wall Street is very good at making money.

Shutterstock Reddit favorite GameStop isn’t looking so hot this week and some of the stock’s biggest backers are freaking out. After selling off sharply all week, the stock fell another 42% Thursday. “We have the advantage. All we have to [do] is buy and hold shares,” wrote one of the users. Robinhood briefly placed restrictions on trades in GameStop last week. Both Citadel the hedge fund and Citadel Securities have both denied any role in this decision. Elsewhere on the forum, another said: “To any [hedge fund] plants in the sub trying to break [WallStreetBets]: F— you. I’m not...

Reddit favorite GameStop isn't looking so hot this week and some of the stock's biggest backers are freakin...