Unusual Whales

Twitter office space has been converted into bedrooms

Per BBC: Elon Musk reportedly retrofitted numerous conference rooms to bedrooms. San Francisco Mayor London Breed has started an investigation into the offices turned into bedrooms at Twitter's headquarters. Elon Musk has criticized him, and the investigation. Meanwhile, the city's Department of Building Inspections is investigating

FTX’s tokenized shares are now under scrutiny for stocks like AMC

Per The Chainsaw and the Street: An article by The Chainsaw, a Web3 and cryptocurrencies news site, alleges that short sellers possibly used crypto exchange FTX to affect the share price of  stocks like AMC via FTX's AMC tokenized shares. Chainsaw says that FTX had around 525,000

CIEN Stock Spiked: Here's What Happened

The Situation Ciena Corporation (NYSE: CIEN) shares – an American telecommunications networking equipment and software services supplier – spiked on Friday after Q4 sales beat estimates. As of 1:00 PM ET, Ciena shares rose by 19.76%. The Explanation Ciena Corporation officially went public in February 1997, reaching its all-time

Class Action Lawsuit Filed Against Twitter for Allegedly Targeting Female Employees in Layoffs

Per Reuters After Elon Musk's $44 billion acquisition of Twitter, one of the major news about the social platform was layoffs after layoffs. Now, Twitter got hit by a class action lawsuit for targeting female employees. The proposed lawsuit says the layoffs included 57% of total females and

GameStop Released Q3 Financial Results with $1.042 in Cash, Cash Equivalents, and Marketable Securities

Per GameStop GameStop released its Q3 financial results showing a drop in net sales compared to a year earlier but massive cash, cash equivalents, and market securities by the end of the quarter. The company's third quarter ended on October 29, 2022. The company reported a small loss

WNBA's Brittney Griner Will Return to the US After Being Swapped for Russian Arms Dealer

Per CNN WNBA star Brittney Griner is coming back to America after being detained in Russia for drug charges and will no longer continue her nine-year prison sentence. Her return comes after around ten months of captivity. President Joe Biden himself announced that Brittney Griner would come home, and

Senate Banking Committee Requests FTX's Sam Bankman-Fried to Testify in Hearing and is Prepared to Issue a Subpoena

Per Senate Letter Senator Sherrod Brown wrote a letter to request FTX founder Sam Bankman-Fried to testify in a hearing called "Crypto Crash: Why the FTX Bubble Burst and the Harm to Consumers." The Senator said that should SBF choose not to appear; they are prepared to

Texas Governor Greg Abbott bans TikTok on state devices

Per NBC: Texas Gov. Greg Abbott has banned all state agencies to use TikTok. This is over concern of Chinese apps using American Data. "TikTok harvests vast amounts of data from its users' devices -- including when, where and how they conduct internet activity -- and offers this trove of

Elon Musk’s bankers are considering offering him new margin loans backed by Tesla stock to replace some of Twitter's high-interest debt

Per Bloomberg: Elon Musk’s bankers are considering offering him new margin loans backed by Tesla stock to replace some of Twitter's high-interest debt. This is all anonymous reporting per Bloomberg. There was no comment by Tesla to Reuters or Bloomberg. Twitter was purchased for $54.20

Rising thefts at Walmart, $WMT, could lead to price jumps, store closures

Per CNBC: Walmart is seeing rising thefts. CEO McMillion has said that this could lead to store closures, and price hikes. “We’ve got safety measures, security measures that we’ve put in place by store location. I think local law enforcement being staffed and being a good partner is

FTX tried to sponsor Taylor Swift for $100 million. She said no.

Per CNBC: Sam Bankman-Fried looked for a sponsorship and partnership with 11-time Grammy Award winner Taylor Swift. The deal would have cost the now-bankrupt company more than $100 million over three years. Reportedly the deal was close to fruition, though Fortune said she said no. The deal

Federal prosecutors are investigating whether FTX’s founder, Sam Bankman-Fried, manipulated the market of TerraUSD and Luna

Per NYT: Federal prosecutors are investigating whether FTX’s founder, Sam Bankman-Fried, manipulated the market LUNA and UST, per NYT. This was reportedly for benefit of FTX and his hedgefund. This is done by US prosecutors in Manhattan. NYT reports the investigation is in its early trades, and may

House Financial Services doesn't plan to subpoena Sam Bankman-Fried to testify at hearing on FTX collapse

Per CNBC: House Financial Services Committee reportedly was told by Maxine Waters that there is not a plan to subpoena former FTX CEO Sam Bankman-Fried to testify at Tuesday’s hearing about FTX, per CNBC. This reportedly happened at a private meeting. Reportedly Waters wants committee staff to try

The SEC will consider issuing four proposals to overhaul the plumbing of the stock market

Per WSJ: The Securities and Exchange Commission will issuge new proposals to reportedly help smalltime investors. If the panel on Dec 14 supports the proposesls, they will be opened to comment by the public. The proposals deal with best execution and PFOF, where Gensler says the PFOF is a conflict

Elon Musk is no longer world’s richest man

Per Forbes: Elon Musk lost the title of world’s richest person on Wednesday, according to Forbes [https://www.forbes.com/real-time-billionaires/#42581d363d78]’ billionaire rankings. The Tesla CEO lost $3.4 billion of his net worth overnight as the electric car and Musk has lost more than $100

About 270,000 homebuyers who bought during the red-hot housing market this year already owe more than their house is worth

per Yahoo Finance: About 270,000 homebuyers who bought during the red-hot housing market this year already owe more than their house is worth, a new analysis found. Among the 450,000 underwater borrowers in the third quarter, nearly 60% had mortgages originated in the first nine months of

Apple CEO Tim Cook Says Company Will Embark in US-Made Chips with Arizona TSMC Factory

Per CNBC Tim Cook announces that Apple will be using chips made in the USA with the help of TSMC's Arizona factory for the very first time. This provides logistical convenience and a solution to the semiconductor supply issue. Tim Cook: "Thanks to the hard work of

Elon Musk Exits Ex-FBI Twitter Lawyer James Baker Over Alleged Document Suppression on Hunter Biden's Laptop Expose

Per NY Post Elon Musk fired Twitter lawyer James Baker, a former top FBI lawyer, after allegedly vetting internal Twitter documents before being sent to journalists, causing a delay in releasing critical material. Musk initially teamed up with Matt Taibbi to release behind-the-scenes information on President Joe Biden&

SBF has hired Mark Cohen as a lawyer

Sam Bankman-Fried has hired Mark Cohen as his attorney. Mark Cohen, who has previously worked for Ghisaline Maxwell and El Chapo in their high profile cases. The news regarding Mark Cohen, of Cohen & Gresser, Bankman-Fried's spokesperson Mark Botnick said in an emailed statement. Cohen has

HLF Stock Plunged: Here's What Happened

The Situation Herbalife Nutrition Ltd (NASDAQ: HLF) shares – a global multi-level marketing corporation focusing on dietary supplements – plunged on Tuesday after announcing a proposed convertible senior note offering. As of 12:00 PM ET, Herbalife shares dropped by 18.85%. The Explanation Herbalife Nutrition went public on the NYSE

The IRS Now Requires Venmo and PayPal Payments Reports for Transactions Over $600

Per NY Post The IRS is warning Americans about failure to report Venmo and PayPal transactions over $600. This is due to the 2021 American Rescue Plan Act, which changes how Form 1099-K is used. Business owners that earn $600 or more per year (not per month) via Cash

Twitter Drops Covid Misinformation Policy Under Elon Musk's Management

Per CNN Twitter was quick to act regarding alleged Covid misinformation back in 2020. Under Elon Musk's new rule, the social platform overrules its Covid misinformation policy. It is estimated that almost 100,000 content pieces have been removed. On March 20, 2020, Twitter deleted tweets from Jair

US Housing Market Prices Drop Third Month in a Row | Zillow Economist Says Homeowner Equity Reached a Record High

Per Bloomberg The US housing market has gone wild as more and more people find purchasing a home out of their capabilities. Millennials and Gen Zers, especially, shared how they want to buy a home but simply can't afford it, nearing the housing market's peak before

Goldman Sachs is Investigating Potential Crypto Company Investments After FTX Collapse

Per Reuters After the crash of FTX, Goldman Sachs is ready to jump in and invest as the bank plans to do due diligence on several crypto firms. Goldman's head of digital assets, Matthew McDermott, highlighted the need for regulated crypto players. Despite the cautious approach, the investment

Twitter HQ janitors are on strike

Per More Perfect Union: Janitors were striking at Twitter HQ. This is reportedly due to 20 workers being laid off, per SEI Local 87 union. The union representative said they will continue until their demands for recourse are met. Thousands were fired from Twitter in November. Staff went from 7,