After Spiking by 2,600% or Whatever, Newsmax Stock Plunges 80%, Straight into our Imploded Stocks, All in 3 Days by Wolf Richter • Apr 2, 2025 • 80 Comments For humans and AI trading the stock, it’s just a spectacularly fun video game. For observers, it proves this market is dangerously nuts.
SPAC Implosion Keeps on Giving: Genetic Data of 15 Million Customers up for Grabs at 23andMe Bankruptcy Auction by Wolf Richter • Mar 24, 2025 • 79 Comments California Attorney General urges Californians to direct 23andMe to delete their genetic data and samples.
The Collapse of the EV SPACs: Nikola Joins EV SPAC Bankruptcy Lineup. Here Are Those Already Bankrupt, and Those Not Yet by Wolf Richter • Feb 19, 2025 • 73 Comments The Consensual Hallucination that drove the EV SPAC mania didn’t die with the EV SPACs; it moved on to other stocks.
Collapse of the Solar Stocks by Wolf Richter • Jan 23, 2025 • 133 Comments This is about stock market craziness, not about solar power.
Auto-Loan Balances, Burden, Subprime & Prime Delinquency Rates, and Subprime Dealer America’s Car-Mart in Q3 2024 by Wolf Richter • Nov 16, 2024 • 64 Comments Subprime is always in trouble, and now, after the reckless-subprime lending era, more so. Prime is in pristine shape. Car-Mart joins our Imploded Stocks.
Super Micro Computer Becomes the First AI-Mania Highflyer in our Imploded Stocks by Wolf Richter • Oct 31, 2024 • 58 Comments -42% in two days, -76% from peak-AI-mania in March 2024. There is some dark humor in those kinds of charts.
Boeing Launches $22 Billion Share Offering to Get Breathing Room, Dodge Junk Credit Rating, after Having Wasted $64 Billion on Share Buybacks by Wolf Richter • Oct 28, 2024 • 130 Comments It will dilute the bejesus out of already beaten-up stockholders. Share buyback karma.
Venture Capital Slammed by Fed Tightening: Exits Blocked after IPOs & SPACs Collapsed, Distributions at Financial Crisis Lows by Wolf Richter • Oct 14, 2024 • 82 Comments Rise of Zombie VCs that stick around collecting fees as their startups run out of cash and die. The AI boom is the exception.
B. Riley Financial Collapses 52% Today, -91% in 2.5 Years since Peak Consensual Hallucination by Wolf Richter • Aug 12, 2024 • 52 Comments It dumped on already puking shareholders a surprise disclosure of huge losses that exceed its capital, amid reports of widening SEC investigation.
Kind of a Funny Week for Stocks, Lots of Drama, Little Change: But Tesla & Nvidia Ended Deeper in the Hole by Wolf Richter • Aug 10, 2024 • 106 Comments Our pantheon of Imploded Stocks is weighing down the Russell 2000 index.
