After the company caved into the demands of the NSCC and restricted trading on so-called “volatile shares”, the amount was reduced from the initial $3 billion to $700 million.
Since last year, the cost of shipping from China has increased by 80% due to pandemic-related lockdowns. At a time when consumers are much more likely to spend, supplies are not meeting demands.
Even among highs and lows, the demand for Bitcoin has been getting more attention. $3.7 billion worth of Bitcoin options will expire today, an all time record for the cryptocurrency. Here's what that means for the market.
With a sharp increase in valuations and profits due to the pandemic, the food delivery startup will debut as of one of the highest profile IPOs this year, expecting to sell 33 million shares.
With in-store sales expected to drop 35% as a result of the pandemic, major retailers are prolonging the sale to last a few more days and investing heavily in online offers.
The billionaire investor believes that Bitcoin won’t be used as your typical currency in the coming five years, terming the digital currency as “digital gold” as more banks and other players in financials are still developing capacities needed to support the currency.
