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Cathie Wood's Ark Buys Yahoo Japan Operator for First Time in a Year bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Cathie Wood last week made her first purchase of shares in LY Corp. in over a year, indicating a possible shift toward more positive sentiment on the operator of Yahoo! Japan and popular messaging app Line.Most Read from BloombergChina Is Softening Stance on Gaming After $80 Billion RoutEthiopia Fails to Pay Coupon, Becoming Latest African DefaulterBank of Russia Governor Says She Is Bracing for More SanctionsStock Futures Rise, Dollar Weakens in Thin Trading: Markets WrapGoldman’ ....
Robinhood Shares Surge 50 Perccent, as Investors Scoop up ‘The Meme of Memes’ By Reuters Shares of Robinhood Markets Inc rose more than 50 percent on Wednesday during a wild trading session as investors scooped up shares after its underwhelming stock market debut last week. The online brokerage’s shares closed at $70.39, off the session high of $85 when the stock was up nearly 82 percent, with one analyst dubbing it “the meme of memes” in a reference to stocks popularized this year by retail investors congregating in online platforms such as Reddit’s WallStreetBets. The stock has risen far above its initial public offering price of $38 per share and has logged its fourth straight day of gains. ....