By Pranav Kashyap and Medha Singh (Reuters) – Citron Research no longer has a short position in retail traders’ favorite GameStop, the short seller said on X.com on Wednesday, days after taking a bearish position in the company. “It’s not because we believe in a turnaround for the company fundamentals will ever happen, but with…
(Reuters) – Investors will vote on Tesla CEO Elon Musk’s $56-billion compensation package and the company’s reincorporation in Texas, from Delaware, at a consequential shareholder meeting this week. Analysts have flagged risk of the billionaire potentially leaving the electric-vehicle maker and prioritizing artificial intelligence startup xAI and social media platform X if the pay package…
(Reuters) – GameStop said on Tuesday it had completed an “at-the-market” equity offering of its shares to raise roughly $2.14 billion in gross proceeds, days after meme stock influencer Keith Gill’s first livestream in three years. Shares of the videogame retailer, which has been at the center of the meme stock frenzy, rose more than…
(Reuters) -Apple once again became the world’s most valuable company on Wednesday, dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial intelligence technology. Its shares rose more than 2% to $211.75, giving it a market valuation of $3.25 trillion. Microsoft’s market capitalization stood at $3.24 trillion,…
