Wall Street

Jordan Belfort, the man whose career inspired the Wolf of Wall Street movie, has hailed the Redditers investing in GameStop, but warned them to be careful

5 years ago

Billionaire says paying his “fair share” of tax is a “bulls**t concept”

In 2019, there were 34 million Americans living in poverty. A notable Wall Street businessman has claimed that being asked to pay his fair share of tax is a “bulls**t concept”. According to billionaire hedge fund manager Leon Cooperman, asking people to pay their fair share of taxes is just “an attack on the wealthy”. […]

In 2019, there were 34 million Americans living in poverty. A notable Wall Street businessman has claimed that being asked to pay his fair share of tax is a “bulls**t concept”. According to billionaire hedge fund manager Leon Cooperman, asking people to pay their fair share of taxes is just “an attack on the wealthy”. […]

5 years ago

Hedge fund requires bailout after Reddit users cause 800% increase in GameStop shares

The surge has led to one hedge fund facing a bailout. Users of the social network Reddit have sent shockwaves through Wall Street after they quintupled GameStop shares, and made an enormous amount of money in the process, after being mocked on Twitter. The surge was sparked when users took issue with a tweet from […]

The surge has led to one hedge fund facing a bailout. Users of the social network Reddit have sent shockwaves through Wall Street after they quintupled GameStop shares, and made an enormous amount of money in the process, after being mocked on Twitter. The surge was sparked when users took issue with a tweet from […]

5 years ago