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Does Reddit Represent the Return of the Junk Stock IPO?

An article in Inc notes a "wild projection" in Reddit s SEC filing that Reddit s global market opportunity by 2027 is $1.4 trillion." Some of the numbers lead back to a single individual: Sam Altman. The co-founder and chief executive of ChatGPT-maker OpenAI owns an 8.7 percent stake in Reddit, more.

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David Trainer Likes Energy, JPMorgan Over S&P; Uber, Tesla, Nvidia Too Expensive

David Trainer Likes Energy, JPMorgan Over S&P; Uber, Tesla, Nvidia Too Expensive
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Bakkt Lost $2 Billion Here s Its Latest Plan To Survive

Wall Street’s crypto infrastructure darling, Bakkt, has struggled to lock onto a viable product, and recently warned stockholders that it might not survive. Another pivot is underway.

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Analyst unveils new Carvana stock price target after earnings

For an alleged zombie, Carvana (CVNA) has been looking pretty healthy lately. A couple of years ago, equity research firm New Constructs slapped the online…

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Famed Fed watcher expects interest rates stay high for much, much, much longer after unsustainable free money era

Jim Grant of Grant's Interest Rate Observer believes it will take years to undo the kinks from a decade of ultra-low interest rates.

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