Meta, the company led by Mark Zuckerberg, recently reported its Q2 earnings, revealing significant challenges for the company's Metaverse venture. The Metaverse, operated under Reality Labs, has incurred losses exceeding $21.3 billion since 2022, with an operating loss of $3.7 billion in its most recent earnings report.
Coinbase CEO Brian Armstrong reportedly met with members of the U.S. Congress this wek, but little information about the meeting has been made public. According to a Bloomberg report, the meeting with congressional members focused on promoting innovative and forward-looking policies. Additionally, discussions might have revolved around the significance of new technologies concerning national security.
The short-sellers around Viceroy and Fraser Perring target Hexagon AB (STO: HEXA-B). The multinational technology group for metrology and geoanalytics is controlled by Melker Schörling, the majority shareholder and determining voting shareholder. In a new research, Viceroy Research concludes that Hexagon is run by a "corporate dictatorship." Moreover, Viceroy believes management has committed fraud.
Financially, the Adler Group is not doing well. The real estate group ends the past year with a loss of billions. Now there are also investigations because of questionable balance sheets and consulting contracts. One hundred seventy-five investigators are searching sites across Europe.
Originally known as a video game retailer, retail giant GameStop has made global headlines in recent weeks as its stock experienced an unexpected and spectacular surge. The rise of GameStop stock has become a symbol of the power of online communities and the stock market's volatility.
It was one of the most highly valued startups in Europe. Wise, previously known as Transferwise, was listed on the London Stock Exchange in July 2021. Now there are personnel changes. Shares in fintech company Wise fell almost ten percent this week after it was announced that CFO Matt Briers would step down next year.
Viceroy Research, led by Fraser Perring, has set its sights on a new target: the Japanese solar panel manufacturer Abalance. Similar to their investigations into Wirecard, Grenke, and Adler Group, they claim to have uncovered irregularities and false statements. Following a significant 30% decline, the Abalance stock has since rebounded.
