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REUTERS 2021-12-17T13:06:16+00:00

Reddit IPO to test social media platform's 'meme' stock hype

Reddit users have helped fuel dozens of "meme" stock rallies this year, from retailer GameStop Corp to movie operator AMC Entertainment Holdings Inc . Some analysts are skeptical this will be the social media platform's saving grace as it prepares to sell its own shares in the stock market.

REUTERS 2026-04-09T15:04:14.305000+00:00

Iran war’s impact on fertilizer and fuel

Although I covered the topic of the effects of the war on cosmetics and food last week, I wanted to specifically hone in on fertilizer today, while the ‘Talking Points’ section tackles fuel shortage protests and the rise in renewables that the six-week-long war has sparked.

REUTERS 2023-07-13T08:25:43+00:00

Bain’s Chindata buyout saga verges on absurd

What’s a private equity firm to do when a company it took public and still controls performs poorly on the stock market – despite having all the makings of a rosy future? The unwritten rule book says buy out the other shareholders for less than you listed it for and aim to make more money from a sale later. On first blush, that appears to be what Bain Capital is trying to do with Chinese data centre operator Chindata . But it’s a saga that’s starting to verge on the absurd.

REUTERS 2024-05-15T08:45:51+00:00

Singapore's guitar-playing new PM prefers 'incremental' change

Singapore's Lawrence Wong, who becomes on Wednesday the wealthy city-state's first new prime minister in 20 years, took to Tiktok in the years before to engage with citizens, singing, playing guitar and posting on issues such as mental health.

REUTERS 2022-02-03T23:09:07+00:00

Meta's share price wipe-out shakes world tech stocks

Shares of Facebook owner Meta plummeted 26% on Thursday, the biggest single-day slide in market value for a U.S. company, after the social media giant issued a dismal forecast, blaming Apple Inc's privacy changes and increased competition.

REUTERS 2023-03-14T23:17:03+00:00

Meta to cut 10,000 jobs in second round of layoffs

Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs this year, making it the first Big Tech company to announce a second round of mass layoffs as the industry braces for a deep economic downturn.