May 14, 2021
Early on in the pandemic, Bank of America found an innovative way to gauge the success of the bank’s work-from-home experiment: a spreadsheet, distributed to team managers daily, that pitted the productivity of people working from home against those who were still showing up at the office.
Created for Thomas K. Montag, the bank’s No. 2 executive, the spreadsheet, as described by two people with knowledge of it and according to images reviewed by The New York Times, listed markets employees in descending order of their profitability each day, with those working from the office on one side and those working from home on the other. The evidence on which work environment yielded better results was mixed, those people said, but the message that the spreadsheet sent was not: Mr. Montag, Bank of America’s chief operating officer, was keeping score.
GameStop Wraps Up Worst Week Ever, Leaving $18 Billion Hole
Bloomberg 2/5/2021 Bailey Lipschultz
(Bloomberg) Even with Friday’s bounce, GameStop Corp. wrapped up its worst week on record as a stunning reversal of fortune wiped out $18 billion from the video-game retailer’s stock-market value.
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The stock fell 80% in the last five days, its worst weekly performance on record, to $63.77 in New York. The 19% gain on Friday after Robinhood Markets removed buying limits still left it far below last week’s high of $483 as retail trader demand and excitement across platforms like Reddit simmered.
GameStop’s market value slipped to $4.4 billion, a far cry from the $33.7 billion value it hit on on Jan. 28 when it briefly became the largest company in the Russell 2000 Index. AMC Entertainment Holdings Inc., which also had limits removed on trading, edged lower in Friday’s session and capped off its worst week on record with a 48% drop.
GameStop Wraps Up Worst Week Ever, Leaving $18 Billion Hole
Bloomberg 2/5/2021 Bailey Lipschultz
(Bloomberg) Even with Friday’s bounce, GameStop Corp. wrapped up its worst week on record as a stunning reversal of fortune wiped out $18 billion from the video-game retailer’s stock-market value.
Popular Searches
The stock fell 80% in the last five days, its worst weekly performance on record, to $63.77 in New York. The 19% gain on Friday after Robinhood Markets removed buying limits still left it far below last week’s high of $483 as retail trader demand and excitement across platforms like Reddit simmered.
GameStop’s market value slipped to $4.4 billion, a far cry from the $33.7 billion value it hit on on Jan. 28 when it briefly became the largest company in the Russell 2000 Index. AMC Entertainment Holdings Inc., which also had limits removed on trading, edged lower in Friday’s session and capped off its worst week on record with a 48% drop.