How hedge funds track Reddit YOLOs - Leon Black paid Epstein to move his yacht - Fintech Dave nabs Apple Card exec
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- BlackRock boss Larry Fink published his annual letter to CEOs, and climate change was the key topic.
- Here are the jobs Jeffrey Epstein did for Apollo CEO Leon Black to earn $158 million.
- Hedge funds are scraping data from the popular subreddit WallStreetBets, which has piled into GameStop.
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How hedge funds are tracking Reddit posts to protect their portfolios after the WallStreetBets crowd tanked Melvin Capital's short positions
GameStop has been the talk of the finance world. Retail investors - specifically those from the infamous WallStreetBets Reddit forum - have been piling into the stock, leaving short-sellers like Gabe Plotkin's Melvin Capital and Maple Lane Capital scrambling.All of that has led some investors and data companies to develop web-scraping tools to track chatter on the notorious subreddit.
Here's what billionaire Apollo CEO Leon Black paid Jeffery Epstein $158 million for, from finding billions in tax savings to moving his yacht
For five years, Jeffrey Epstein advised Leon Black, the billionaire CEO and cofounder of Apollo Global Management. On Monday, Black announced he plans to step down as CEO of Apollo in July. The announcement came following an independent review of Black's relationship with Epstein by law firm Dechert.
And while the review found Black wasn't involved in any of Epstein's criminal behavior, it did uncover $158 million in payments from Black to Epstein for a variety of jobs.
Check out seven takeaways from Dechert's report on its investigation.Read more here.
Personal finance app Dave just hired one of the lead executives behind the Apple Card, and he's already thinking about new features the startup can roll out
Personal finance app Dave just nabbed a top executive who worked on rolling out the Apple Card. Read more here.
A fintech automating the back office just raised a $60 million Series C led by Sequoia at a $600 million valuation. Investors explain why they're impressed with the 'elite team' of cofounders.
Meet the power trio behind a startup that just nabbed a $60 million Series C led by Sequoia. See more here.
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