Tech

Investor Chamath Palihapitiya will donate his earnings from GameStop’s rally to the Barstool Fund, which supports struggling small businesses

Billionaire investor Chamath Palihapitiya was part of the effort to drive up GameStop’s stock. Palihapitiya says he will donate his initial investment and profits to The Barstool Fund. The Barstool Fund gives money to small businesses suffering because of the pandemic. Visit Business Insider’s homepage for more stories. Billionaire investor […]
Investor Chamath Palihapitiya will donate his earnings from GameStop’s rally to the Barstool Fund, which supports struggling small businesses
Markets

‘Portnoy momentum’ can drive Penn National 25% higher, Stifel says

Shares of Penn National Gaming are set to continue benefiting from the “Portnoy momentum trade” as sports-betting euphoria extends into the fall football season, Stifel said on Wednesday. “The recent launch of the Barstool Sportsbook app coupled with other sports betting ‘announcements’ should allow the shares to continue riding the […]
‘Portnoy momentum’ can drive Penn National 25% higher, Stifel says
Markets

Amateur investors speculating on stocks have pushed markets skywards, but angered some of investing’s biggest names. Here’s what they have to say about the day-trading boom.

Stocks have rallied sharply in recent months, thanks in part to a boom in day-traders, who invest in the markets for fun, rather than professionally. Dave Portnoy, founder of Barstool sports turned investor has become the poster-child of day-trading which has helped markets skyrocket, and fuel fears of an inflating […]
Amateur investors speculating on stocks have pushed markets skywards, but angered some of investing’s biggest names. Here’s what they have to say about the day-trading boom.
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