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by Tyler Durden Wednesday, Jul 28, 2021 - 09:44 PM Almost two years ago, before the world s central banks coordinated to inject tens of trillions of liquidity into the financial system under the pretext of fighting a virus, we said that Masa Son s Japanese bizarro conglomerate SoftBank will one day be the bubble era s Short of the Century, and we still stand by this suggestion. And stories like this is why. Late this afternoon, Uber stock took a 5% tumble and nobody knew why - there was no news that sparked the dump. Only later did we learn what caused the sale: according to CNBC, SoftBank sold a third of its stake in Uber in a block sale to cover losses on its investment in Chinese ride-hailing company Didi, which earlier this week plunged as much as 50% from its recent IPO price of $14. Sources said that SoftBank was selling 45 million shares, which will have a 30-day lockup, at a price of $44.15 to $46.14 each, using Goldman as agent. ....
To embed, copy and paste the code into your website or blog: Members of the OPEC+ coalition have reached a deal to increase oil production, a “move that could help ease the pressure on gas prices and inflation as economies around the world recover after pandemic lockdowns.” The agreement could see producers “pumping more oil beginning next month” - NYTimes and WSJ and MarketWatch Zoom is making its first big move to solidify its place in a post-pandemic business landscape with a nearly $15 billion deal to acquire Five9 Inc., “a provider of cloud-based customer-service software” that Zoom hopes will “expand its potential offerings for business and enterprise clients” - WSJ and Bloomberg and MarketWatch and TechCrunch ....
Cult of We WeWork Book Review therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
In Alarming Escalation, Beijing Blocks Didi App From Stores Two Days After Blockbuster IPO zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Opening Bell: 6.29.21 dealbreaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealbreaker.com Daily Mail and Mail on Sunday newspapers.