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Given the sharp drop in share prices, JPMorgan expects Coinbase and Robinhood to lower employee equity grants via RSUs, though it still expects “share creep from RSU issuance will drive dilution to a still substantial 7% pace annually in coming years.” The bank estimates if that 7% pace were to
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“Currently, the burning of UST is too slow to keep pace with the demand for excess UST to exit the system, which is hindered by the BasePool size,” reads the proposal. “Eliminating a significant chunk of the excess UST supply at once will alleviate much of the peg pressure on
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Virgin Galactic’s rocket ship rally has stalled as Morgan Stanley makes bearish remarks about the stock. Morgan Stanley was an early Virgin Galactic bull with an analyst price target of $22 per share. Now analyst Adam Jonas suggests the stock is overheated and encourages management to dilute shareholders. Virgin
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