January 29, 2021
Welcome to today's edition of The Reader, a weekly roundup of our stories and insights.
The Redditor-fueled GameStop rally has been nonstop this week. Here's what to know about the battle between retail investors and short sellers.
Read on for more stories. Clifton Leaf MUST READ Beware Goldman's latest prediction about the stock market
In a new report, Goldman Sach's U.S. equities chief David Kostin warned that the S&P looks alarmingly rich.
BY SHAWN TULLY JANUARY 26, 2021
The grim outlook for aviation isn't stopping one Hong Kong airline startup from making plans to launch by this summer. BY NAOMI XU ELEGANT JANUARY 26, 2021
In particular Wood points to names like Cisco, Intel, and Oracle as "the old world." BY ANNE SRADERS JANUARY 24, 2021
The SolarWinds hack exposed dozens—maybe hundreds—of U.S. companies to hackers' spying eyes. Here's what went wrong. BY DAVID Z. MORRIS AND ROBERT HACKETT JANUARY 29, 2021
MUST WATCH Super Bowl LV will look really different thanks to COVID-19
You'll notice the change both in the stadium and on television.
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From the archives
"Just about everyone working in tech has their own answer to the question, "How do you know we're in a tech bubble?" Perhaps it's the proliferation of startups buying up ads on billboards, subways and taxis. Maybe it's the existence of congratulations cards for raising a round of funding, or maybe it's the booming ping-pong table market. It could be when bankers quit their high-paying Wall Street jobs to work at startups. Maybe it was the time a startup literally gave away free cash, or the time a unicorn graced the cover of Fortune.
For me, it was seeing Goldman Sachs analysts describe themselves as "angel investors" on Tinder. Wall Street dominates New York's economy, but people working in finance know it sounds a lot cooler to say you work with startups, even if your definition of working with startups means having an AngelList profile." —So you want to short the startup market?, Erin Griffith, August 2016
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Friday, January 29, 2021
Short sell? Short squeeze? GameStop? What?
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