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.
PE Firm Blackstone’s Epic Pump-n-Dump with Bumble now down to just a Mop-up Operation: Shares -94% since IPO Pop by Wolf Richter • Aug 8, 2024 • 70 Comments Blackstone made over $2 billion (as the public got wiped out), taking advantage of Consensual Hallucination.
Without Share Buybacks, Subprime-Focused Retailer-Lender Conn’s Wouldn’t Have Had to File for Bankruptcy by Wolf Richter • Jul 29, 2024 • 70 Comments A basket case for years. Acquiring W.S. Badcock was another great idea; 7 months later, both are bankrupt and liquidating.
Winemaker SPAC with Dozens of Brands, Result of PE-Firm Backed Rollup, Files for Bankruptcy 3 Years after SPAC Merger by Wolf Richter • Jul 25, 2024 • 53 Comments Everyone was happy, sort of, except the public that bought the misbegotten shares and got wiped out?
Another of Our Imploded Stocks Ends in Bankruptcy: Chicken Soup for the Soul Entertainment, 2 Years after its Infamous Redbox Acquisition by Wolf Richter • Jul 1, 2024 • 62 Comments Don’t buy anything from a PE firm after Consensual Hallucination runs out?
The Collapse of the EV SPACs: Fisker Joins the Bankruptcy Party, Others on the Verge by Wolf Richter • Jun 19, 2024 • 107 Comments Consensual Hallucination drove that SPAC boom during the free-money era.
Software Stocks Got Massacred, after Salesforce & UiPath Bloodbath. Bad Breath of AI? by Wolf Richter • May 30, 2024 • 66 Comments UiPath -85% from peak just three years after IPO amid CEO chaos. When consensual hallucination fades…
Vacation-Rental SPAC Vacasa Restructures. Shares -97% in 2.5 Years as Public Company by Wolf Richter • May 10, 2024 • 59 Comments Consensual Hallucination wiped out investors, but Wall Street got the fees.
Ad-Tech Outfit DoubleVerify Plunges 40% Today, -62% from Peak, 3 Years after IPO. Nabs WOLF STREET Downgrade to “Should Have Never Bought” by Wolf Richter • May 8, 2024 • 78 Comments We have a special place in our heart for DoubleVerify because it blacklists WOLF STREET in the “brand safety” services it touts to advertisers.
