Initial public offerings typically benefit the owners and insiders. Investors who buy the stock after IPO initially pay the fully valued price. Unless market euphoria builds post-IPO and demand sharply exceeds supply, stocks such as Rocket Companies (RKT) will underperform. It’s easy to dismiss Rocket stock as “Rect” (calculated) based …
Read More »Monthly Archives: August 2020
Critics question whether Sweden’s hands-off coronavirus strategy went wrong
Sweden chose not to shut down after the coronavirus pandemic, and suffered far more deaths than its neighbors Denmark and Norway. Thousands of Swedish people over the age of 70 died, about half of them living in care homes. The Swedish economy is also expected to shrink by about 6% …
Read More »NASA telescope discovers the cause of Betelgeuse’s mysterious dimming
Betelgeuse will go supernova and explode … eventually. ESO In the Before Times, when the coronavirus had just begun his furious march across the world, our problems were much further away. About 640 light-years away, in fact. Astronomers observe Betelgeuse, a red redundant star, had amazed her by his mysterious …
Read More »The Hurry-Up: Ohio State expands three new offerings, Mike Yurcich and Texas Land No. 1 Player in 2022 Quinn Ewers, Trey Bixby Headed Home to Minnesota
The Hurry-Up is your nightly dose of Ohio State sports recycling track updates, keeping tabs on the latest in commissions and goals from across the country. Ohio State is expanding three new offerings Damari Alston Recruitment, quite literally, never stops. At 2:43 a.m. on Tuesday, reports appeared that the Big …
Read More »Marvel’s Avengers Beta continues to open this weekend, detailing new patch notes
Marvel’s Avengers is expanding this beta this weekend to more platforms and players, and a new patch addresses some of the feedback that has come from the first round. Crystal Dynamics also gave an idea of issues that it is aware of and others that it is currently working on. …
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