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Transcripts For BBCNEWS Business 20240607

we start in the us, where the british tech tycoon mike lynch has been cleared of fraud charges in a san francisco court. once hailed as a uk bill gates, mr lynch was facing fraud charges over the $11 billion sale of his software firm, autonomy, to hewlett packard back in 2011. mr lynch had been accused of inflating the value of his firm ahead of the sale a jury has found him not guilty on all counts. our north america business correspondent erin delmore has the details. when autonomy was sold to hewlett packard 13 years ago for $11.1 billion, it was one of the top 100 public companies in the uk. the sale marked the la rgest ever takeover of a british technology business. but hewlett packard later wrote down the company s value by more than $8 billion, leading to criminal charges that mike lynch had defrauded hewlett packard by inflating the value of autonomy. the businessman was extradited from britain to the united states to stand trial on the charges, which could have put

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latest rise, the first in a couple of years and now people are speculating about what he will talk about in this video, if he willjust be justifying his position in gamestop, maybe giving people a reason to do so or whether he will talk about other stocks he has become invested in a sense, and given what is happening with gamestop may people think this is an opportunity to get in early on the next meme stock move. this is about the the next meme stock move. this is about the real-life the next meme stock move. this is about the real life video games retailer and the personality involved in selling these stocks is crucial rather than the business fundamentals. absolutely. a couple of years ago this initially started as a movement against short sellers, these traditional household names. gamestop was the first but there were things like amc, bed, bath and beyond and others and this was a movement against short sellers to stop them crushing these household names.

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