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Alibaba’s record $2.8 billion fine has inadvertently seen its founder’s net worth skyrocket $2.3 billion as the company’s stock continues to rally.
Jack Ma, now the third richest man in…
Read MoreAlibaba shares soar 8% despite being slapped with record $2.8bn fine
Alibaba has seen its shares jump nearly eight per cent this morning despite it being slapped with a record $2.8 billion antitrust fine by Chinese regulators.
Alibaba, which has been…
Read MoreGameStop to cash in on trading frenzy and sell up to $1bn in shares
GameStop has announced plans to try and cash in on its Reddit-driven stock roller coaster by selling $1 billion of additional shares.
The struggling video game retailer became the centre…
Read MoreGameStop stocks skyrocket 100% again but analysts can’t work out why
GameStop stocks have once again skyrocketed on the US stock market more than doubling in a few hours, but analysts have no idea why.
The video game retailer saw its…
Read MoreOcado sees shares dive 7.5% as investors raise concerns over “disappointing” expansion
Ocado has seen its share price drop nearly 7.5 per cent since it revealed its full-year results yesterday as investors slammed the “disappointing” expansion of its solutions division.
Yesterday the…
Read MorePoshmark doubles share price amid blockbuster IPO
Poshmark saw its share prices skyrocket more than 140 per cent yesterday following its blockbuster initial public offering.
The online clothing resale marketplace saw its stock trade at $100 per…
Read MoreEtsy shares jump 6% after its surprise induction to the S&P 500
Etsy saw its share prices jump six per cent on Friday after it was unexpectedly added to the coveted S&P 500.
The online marketplace was one of three US companies…
Read MoreGameStop shares dive 17% as online sales spike fails to stem losses
GameStop’s shares have divebombed over 17 per cent despite it reporting a 519 per cent increase in online sales during its first quarter.
The video game retailer’s spike in online…
Read MoreOcado to raise £1bn as “COVID‐19 pandemic increases interest” in the online grocer
Ocado is set to raise more than £1 billion in equity as it aims to make the most of “significantly accelerated” interest in online groceries due to the pandemic.
The…
Read MoreJD.com starts offering shares for $4bn secondary listing
JD.com is set to raise around $4 billion in shares as it prepares to list on the Hong Kong stock exchange in one of the biggest public offerings of 2020.…
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