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When Wall Street came to coal country: how a big-money gamble scarred Appalachia
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Hedge Fund Born in Pandemic Reaps 23% Gain From AMC, Hertz
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Hertz, the original âmeme stockâ, is turning out to be worthless
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By Steven Church
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Itâs the version of David vs Goliath that Wall Street will like. Day traders, snapping up penny stocks on the popular Robinhood app, sought to defy decades of convention and make money on bankrupt rental-car company Hertz. The craze sent shares soaring as much as 896 per cent, prompting Hertz to briefly capitalise on the frenzy by issuing even more stock.
The conclusion, outlined on Tuesday in a reorganisation plan to end Hertzâs nine-month trip through bankruptcy proceedings, is a cautionary tale for the little guy.
Telecom operators have historically struggled with delivering exceptional customer service, but Windstream Enterprise (WE) hopes to right the ship with a new WE will Commitment to current and potential customers.
In regard to customer service, Windstream s CMO Mike Flannery says: The bar inside of the telecommunications industry isn t very high, and the pandemic has really affected employees, customers and potential customers in a way the industry probably wasn t as well prepared for, but that I feel Windstream was pretty well prepared for.
Taking into consideration the new challenges that Windstream s customers were facing due to the pandemic such as ensuring their remote workforces could securely access enterprise applications from home Flannery says, What we arrived at was a fundamental need to change our business model and how we position the brand.