Amazon Grasps Market Share From Facebook Following Apple’s Privacy Changes
Ever since Amazon (NASDAQ: AMZN) ramped up its efforts in the digital advertising space, it has been taking market share away from Alphabet’s (NASDAQ: GOOGL) Google, as consumers bypass the search engine and instead search for products directly on the e-commerce website. However, with Apple’s latest privacy update, Amazon is now able to erode away […]
Tether’s Total Assets Soared to Nearly $63 Billion According to Latest Accounting Review
Tether Holdings Limited, which issues the largest stablecoin pegged to the US dollar, has revealed additional insight into the composition of its reserves. Tether, which mints the USDT stablecoin, has published the results of an independent attestation report, which provides investors a long-awaited insight into the company’s assets and liabilities. Moore Cayman, an accounting company […]
Consumer Goods SPAC Conyers Park III Acquisition Seeks To Raise US$350 Million In IPO
Special purpose acquisition company Conyers Park III Acquisition Corp. (Nasdaq: CPAAU) went public on Nasdaq Capital Market today. The firm is looking to raise US$350.0 million through its initial public offering. The offering consists of 35.0 million units priced at US$10.00 per unit. Each unit is composed of one Class A common share and one-third […]
AMC Entertainment: Examining Options Activity – The Daily Dive
On the Daily Dive today we welcome back Spotgamma founders Brent Kochuba and Matthew Fox as they discuss AMC Entertainment’s (NASDAQ: AMC) recent call option strike and their opinion on options price action. They also lend their insights on the dark pool space, the cost of borrowing’s impact on short squeezes, and how they track […]
Aurelius Minerals Intersects 149.0 G/T Gold Over 0.7 Metres At Aureus East Project
Aurelius Minerals Inc. (TSXV: AUL) released this morning the drilling results from its recently acquired Aureus East project in Nova Scotia. The results highlighted a yield of 149.0 g/t gold over 0.7 metres. The results come from 10 drill holes that are part of the company’s 10,000-metres phase 2 drilling campaign, which focuses on defining […]
Columbia Care: Analysts Expect $17.2 Million In Q2 EBITDA
Columbia Care Inc. (CSE: CCHW) announced that they will be reporting their second quarter financials before the market opens on August 12. Analysts have a consensus C$313.77 12-month price target on the company, via a total of 12 analysts, with 5 analyst having a strong buy rating, 6 analysts have a buy rating and a […]
US Consumer Inflation Expectations Soar to Highest in 8 Years
Expectations of consumer inflation surged to the highest in 8 years, as Americans continue to brace for elevated price gains amid the economic reopening. According to the latest Federal Reserve Bank of New York survey of consumer expectations, inflation levels are projected to rise rapidly in the short-term, as the US economy continues to recover. […]
Grizzly Research Takes Aim At TuSimple Holdings, Highlights Pre-Order Issues
Grizzly Research this morning took aim at TuSimple Holdings (NASDAQ: TSP), a Chinese autonomous vehicle firm that has reportedly partnered with Navistar and Traton. Within, Grizzly alleges that TuSimple has many similarities to the now-disgraced Nikola Corp (NASDAQ: NKLA), in that its reported pre-orders are not as they seem, management has a poor track record, […]
Fire & Flower Officially Enters US Market With Licensing Partner, Opens First Branded Store In California
Fire & Flower Holdings Corp. (TSX: FAF) announced today that its strategic licensing partner American Acres Managers has completed its name change to Fire & Flower U.S. Holdings. The venture also opened the first Fire & Flower-branded store in Palm Springs, California–marking the Canadian cannabis firm’s official entry to the US market. The company first […]
Nuvei Exceeds Q2 2021 Estimates With US$178.2 Million In Revenue
Nuvei Corporation (TSX: NVEI) announced this morning its Q2 2021 financial results, which saw the company post US$178.2 million in revenue. This is an increase from Q2 2020’s revenue of US$83.3 billion. The quarterly revenue also exceeds Canaccord Genuity’s outlook ranging between US$153 million and US$159 million. The e-payment platform attributes the growth to the […]