Academy Award-winning director Alfonso Cuaron will work with Cate Blanchett and Kevin Kline on the new AppleTV+ show, Disclaimer, in his first TV deal for the streaming service
Netflix Is Making a Movie About the GameStop Short Squeeze
For weeks, the business world has been focused on one place: A down-on-its-luck video game retailer whose stock had suddenly become the most-traded on Wall Street. After hedge funds and professional brokers sold GameStop stocks short (basically betting that the stock would continue to fall amidst the difficulties in the retail industry during the coronavirus pandemic), smaller online traders sent the company’s stock skyrocketing by buying up shares and options. Earlier this year, GameStop’s stock hit a low of $2.57. During this so-called “short squeeze” where those who’ve shorted a stock need to buy up shares at a high price to cover their losses, which then pushes prices even higher GameStop’s stock was at one point trading as high as $483 a share.