Morgan Stanley sold around $5 billion of Archegos Capital Management stock to a small group of hedge funds in late March.
According to Shimron, every 1% move in the Bitcoin price causes a 2.5% change in mining shares. This goes both ways, as drops in price also have a 2.5% negative effect on share returns.
Tencent Holdings experienced a stock drop so sharp that it cost the company $62 billion in value within two days.
Shares of Tencent have plunged after President Trump signed an order banning WeChat.
The path toward profitability has been rocky, but renewable energy finally enters the mainstream.
Uber’s co-founder and former CEO cashed out a big portion of his stake in the company.