One doesn’t have to be a conspiracy theorist to question whether something untoward is going on at the Securities & Exchange Commission with respect to its recent treatment of fintech companies. Actions by the Commission that include slow-walking certain fintech-related qualifications, including its sheer unwillingness to approve a cryptocurrency ETF, are just the tip of […]
GameStopped Hearings Recap – Who Wins and Loses When Partisans Collide?
Over the weekend, I binge-watched last week’s congressional GameStop hearing entitled, “GameStopped – Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide?” The all-star cast of witnesses included Gabriel Plotkin, founder of Melvin Capital, the hedge fund that needed a $2.75 billion bailout investment after getting caught in GameStop’s short squeeze; Vlad Tenev, […]
GameStopping the Way to Decentralized Finance (DeFi)
Great transformations are often marked with nouns developing into verbs. Phoning. Texting. Facebooking. Tweeting. And most recently, GameStopping. While some may define GameStopping as “crowdbuying stocks that possess implausibly high short interest ratios”, I would argue that GameStopping is not confined to equities, markets or even finance at all. GameStopping is simply the act of […]