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Beyond Rugpulled
Ryan Cohen rug pulled retail investors on Bed Bath & Beyond, US existing home sales fell for the 6th straight month, the UK wants to increase London listings, streaming passed cable for TV views in the US, the US government might stop paying for citizens' Covid shots, and Big Ten college football games will now have the CBS music that has been an SEC staple for decades (smh).
New Retail Degen Legend Just Dropped
UK inflation topped 10%, SPACs are dead, Turkey and Israel restored diplomatic relations, sports betting companies are cutting back on ad spend, Lebron and Matt Damon crypto ads have disappeared, and Ryan Cohen is selling his Bed Bath & Beyond shares.
To Infinity, Bed Bath & Beyond 🚀
Bed Bath & Beyond is making meme stocks cool again, Walmart and Home Depot had great earnings, Biden signed the Inflation Reduction Act, US homebuilding is cooling, Chinese tech companies shared their algorithms with Chinese regulators, and Dodge is discontinuing the Charger and Challenger.
The Return of Adam Neumann
Adam Neumann is back for a second act, China's economy is faltering, DoorDash is testing Facebook Marketplace deliveries, Snapchat+ hit 1M subscribers, Chinese firms have Swiss GDR mania, Dan Loeb went activist on Disney, and Unity rejected a takeover bid.
Musked Again
Musk sold more Tesla stock after stating he was done selling back in April, Carlyle's CEO quit because he didn't get a $300M comp package approved (lol), the Trump FBI raid memes were hittin' on social media, and Serena Williams announced she's retiring from professional tennis this year.
Planet of the $APEs
AMC is issuing $APE preferred shares to shareholders as a special dividend, Coinbase is partnering with BlackRock to let its institutional investors buy bitcoin, VC fundraising is set to hit a new record in 2022, Cuba is ramping up its dollar purchases, and the US declared monkeypox a public health emergency.