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Digital payments firm Paytm saw its stock decline markedly after a shareholder offloaded 19.20 million shares.Paytm shares suffered an 8.8% decline on Thursday following a series of block deals recorded by parent One97 Communications Ltd. According to reports, roughly 19.20 million shares or a 3% stake in the digital payments
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Due to the bad news, which includes the canceled games and financial challenges, Ubisoft plans to “depreciate around €500m of capitalized R&D”.French video game publisher Ubisoft saw its shares slump 20% after the company shared some bad news. The video game publisher announced delaying the release of its game “Skull
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The news of the mission’s failure did not augur well with the firm’s investors as reflected in its stock performance.Small satellites launcher Virgin Orbit Holdings Inc (NASDAQ: VORB) has recorded a massive slump in its share price following its failed space mission from the United Kingdom. As reported by CNBC,
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The United States Department of Justice has officially notified the court handling the bankruptcy of BlockFi that it has seized assets as part of the criminal cases against crypto exchange FTX and its executives.In a Jan. 6 court filing, the Justice Department said it had seized 55,273,469 shares of Robinhood
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The Robinhood shares were in principle owned by FTX co-founders Bankman-Fried and Gary Wang through their Emergent Fidelity Technologies holding company. FTX, now run by John Ray III, had asked a judge late last month to freeze the stock. Bankman-Fried naturally opposed the move, saying, in part, he needed the
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Several Ant-linked firms experienced a notable increase in the value of their shares after a Ma organizational development. The shares of Ant-linked firms jumped Monday on news that Ant Group founder Jack Ma is ceding control of the fintech giant. The Hong Kong-listed shares of Ma’s Alibaba Group closed 8.7% higher, while the shares of
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Disgraced FTX founder Sam Bankman-Fried (SBF) is attempting to regain access to his Robinhood shares, worth over $460 million. The former CEO of the collapsed crypto exchange claimed that he needs them to “pay for his criminal defense,” stressing that without them the consequences would be serious and “irreparable.” FTX
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The legal team for former FTX CEO Sam Bankman-Fried has filed a motion in an effort to stop the exchange’s debtors from controlling more than $450 million worth of shares of Robinhood.In a Jan. 5 court filing regarding FTX’s bankruptcy case, Bankman-Fried’s lawyers said FTX debtors had “failed to carry
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The U.S. Department of Justice (DOJ) is in the process of seizing Robinhood shares, worth about $460 million, that are linked to former FTX CEO Sam Bankman-Fried (SBF). “We believe that these assets are not property of the bankruptcy estate or that they fall within the exceptions … of bankruptcy
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Amid the growing concern in the shares of BBBY, the stock is down by as much as 23.23% after previously hitting an All-Time Low (ATL). An American chain of domestic merchandise retail stores Bed Bath & Beyond Inc (NASDAQ: BBBY) has finally given a more concerning insight into its distressed financial
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