marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
losses
05/05/2022
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By News Editors
Uber reports surging revenue as drivers return, but posts massive loss on investments
Uber on Wednesday reported surging revenue during the first quarter as the ride-hailing company said it’s recovering from its coronavirus lows and wouldn’t have to put up “significant” investments to keep drivers on the platform. (Article by Jessica Bursztynsky republished from CNBC.com) But it also reported a $5.9 billion loss during the period that was largely attributed to the revaluation of […]
03/25/2022
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By JD Heyes
Nickel market trading freeze and reversal of 5,000 trades proves that markets are RIGGED
A halt in trading of the commodity nickel earlier this month in response to massive manipulation by a Chinese investor provided fresh evidence that “the markets” aren’t real at all, and that the masters of the universe who control them can and do manipulate them to their advantage, screwing over ordinary investors who are simply […]
04/05/2020
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By JD Heyes
Liberal states facing a COLLAPSE of state incomes thanks to coronavirus shutdowns: Will pensions collapse, too?
The longer the Wuhan coronavirus (COVID-19) pandemic lasts, the longer governors and mayors will keep ‘stay-at-home’ policies in place, and the longer those last, the longer ‘non-essential’ businesses will be closed and Americans will be laid off from their jobs. And the longer states will be starved for income taxes, which is creating a new […]
04/30/2019
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By News Editors
Mike Novogratz’s Crypto Firm Lost A Staggering $273 Million In 2018
Mike Novogratz’s Galaxy Digital has finally released full-year results for 2018. And what started out as a nine-figure loss, according to financials released all the way back in Q3, the firm had already brooked a $134 million loss, combining realized and unrealized losses, by the end of Q1. By the end of Q3, that loss had widened slightly […]
04/27/2019
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By Ethan Huff
Japanese billionaire, founder of SoftBank, lost $130 million on Bitcoin after the crypto-hype imploded
The second richest man in Japan recently lost a boatload of cash after deciding to sell his Bitcoin holdings, which he purchased at just about the worst possible time back in late 2017 when Bitcoin had reached all-time highs. Masayoshi Son, the billionaire founder of Softbank Group Corp., had experienced what many were feeling during […]
03/08/2018
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By Ethan Huff
NOT SO SMART: How Harvard blew a billion dollars on a Brazilian tomato plantation
Widely regarded as one of the most prestigious universities in the world, Harvard sure made a serious mistake when it decided to throw what ended up amounting to more than $1 billion in investment cash at an agricultural plantation project in northeast Brazil that reportedly ended up becoming an absolute failure. Also the world’s richest […]
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