AMC Wipes Out its Meme Stock Groupies, Shares Plunge to New All-Time Low by Wolf Richter • Aug 28, 2023 • 89 Comments It’s hard to manipulate up a stock via even the best meme-stock tactics when a company sells hundreds of millions more shares into every rally.
EV Maker VinFast’s Market Cap Spikes to $159 Billion on 9th Day of Trading. This Stuff Would Be Hilarious if it Weren’t so Serious by Wolf Richter • Aug 25, 2023 • 121 Comments As an extra special for VinFast, I’m keeping a beautiful slot open in my increasingly packed pantheon of Imploded Stocks.
Peloton Pukes, Stock Sallies to New Record Low, -97% from Peak by Wolf Richter • Aug 23, 2023 • 138 Comments Consensual Hallucination was so much fun while it lasted.
Defaulted Crossgates Mall CMBS Loans Sold at 69% Below 2012 Appraised Value of the Mall by Wolf Richter • Aug 18, 2023 • 112 Comments CRE debt keeps on giving. Retail CMBS have been a bloodbath for years. Thankfully, banks largely not on the hook.
Freight Recessions Crush Teetering Trucking Companies. This Time, Yellow. And the Freight Recession Continues by Wolf Richter • Aug 14, 2023 • 59 Comments Prolonging the downturn of for-hire truckers is the growth of private fleets, such as Walmart’s and Amazon’s which eat into their share.
Full Commercialization of Robotaxis Arrives in San Francisco by Wolf Richter • Aug 11, 2023 • 278 Comments Not everyone is happy.
The Collapse of the EV SPACs: Another One Goes Bankrupt, Others on the Verge by Wolf Richter • Aug 9, 2023 • 146 Comments The SPAC boom will surely go down in history as one of the biggest stock-market heists ever, made possible by Consensual Hallucination.
Yellow Files for Bankruptcy and Liquidation. CEO Blames Teamsters in Stunning Detailed Announcement by Wolf Richter • Aug 7, 2023 • 178 Comments “All workers and employers should take note of our experience with the International Brotherhood of Teamsters and worry.”
Trucker Yellow Shuts Down, to File for Bankruptcy, 3 Years after $700-Million Government Bailout that Stank to High Heaven by Wolf Richter • Jul 29, 2023 • 158 Comments Executive officers, directors, and Teamsters benefited from the bailout. So get it over with, finally.
What Alphabet’s Layoffs, Current Headcount, and Unemployment Claims Tell us about the Erstwhile Tech Layoff Tsunami by Wolf Richter • Jul 27, 2023 • 64 Comments Tech & social media companies went nuts during the pandemic hiring-bubble, then sobered up. Now it’s already over.
