+Follow
Euphy
No personal profile
69
Follow
3
Followers
0
Topic
0
Badge
Posts
Hot
Euphy
10-03
wow! i got a TSLA Mooncake bless!
@Quilius
come get your mooncake!
Euphy
10-03
Got a tesla stock
@Quilius
come get your mooncake!!
Euphy
09-30
How the hell did it fell from 2819$ to 8$ wth?
Draganfly Stock Rockets 16% as It to Supply US Army With Flex FPV Drone Systems
Euphy
09-24
$Intel(INTC)$
if you have intelligence you would steer clear of this lol
Euphy
09-24
$Palantir Technologies Inc.(PLTR)$
Euphy
09-16
Webtoons going to start creating LGBT comics? Lets goooo 🤣
Disney to Invest in Webtoon Entertainment With Plan for New Comics Platform
Euphy
02-25
Good good keep it going we need to go touch the baseline of 200ema again
Mag 7 Stocks Tumbled In Morning Trading With Tesla Down 5%, Nvidia Down 2%
Euphy
2021-06-26
Let's go Tesla!! Time to wake up!!
Sorry, the original content has been removed
Euphy
2021-06-26
Like and comment
Sorry, the original content has been removed
Euphy
2021-06-23
What happen to the bitcoin hodler
Sorry, the original content has been removed
Euphy
2021-06-17
Leaving comment
Sorry, the original content has been removed
Euphy
2021-06-12
Like and comment I'll reply
Microsoft and American Airlines-backed flying taxi startup to go public in new $5 billion blank-check wave
Euphy
2021-04-13
$SINGAPORE AIRLINES LTD(C6L.SI)$
down more so we can load more
Euphy
2021-04-06
Powell speaking every week!! Like pls
Sorry, the original content has been removed
Euphy
2021-04-05
Like and comments!
Sorry, the original content has been removed
Euphy
2021-04-04
Let's goooo like and comment here pls!!!
Rehypothecated Leverage: How Archegos Built A $100 Billion Portfolio Out Of Thin Air... And Then Blew Up
Euphy
2021-04-02
Weird thing, whenever articles written about lesser than contemporary, investors will be deemed as fans/ cults. But when you go traditional, we will be titled investors. Why?
Sorry, the original content has been removed
Euphy
2021-03-30
$ARK Space Exploration & Innovation ETF(ARKX)$
lets go to the moon!!
Euphy
2021-03-22
Buy and hold for years!!Like and comment Ty!
Sorry, the original content has been removed
Euphy
2021-03-22
Like and comment pls!!
Thinking About Buying Stock In Ford, Apple, Beyond Meat Or Starbucks?
Go to Tiger App to see more news
{"i18n":{"language":"en_US"},"userPageInfo":{"id":"3558134964905294","uuid":"3558134964905294","gmtCreate":1595041113976,"gmtModify":1706620736962,"name":"Euphy","pinyin":"euphy","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","hat":"https://static.tigerbbs.com/2b6219675842600ebb42baa43c645832","hatId":"shopping-ade52cc5578c0ab14ae09872a9e5bce2","hatName":"NVDA Frame","vip":1,"status":2,"fanSize":3,"headSize":69,"tweetSize":48,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":2,"name":"无畏虎","nameTw":"無畏虎","represent":"初生牛犊","factor":"发布3条非转发主帖,1条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.10.16","exceedPercentage":"93.49%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.08.26","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"80.93%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":1,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.58%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},"individualDisplayBadges":null,"crmLevel":12,"crmLevelSwitch":1,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":6,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":485228179235208,"gmtCreate":1759494437543,"gmtModify":1759494441515,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558134964905294","idStr":"3558134964905294"},"themes":[],"htmlText":"wow! i got a TSLA Mooncake bless! <a href=\"https://ttm.financial/U/3562383965041634\"> @Quilius </a> come get your mooncake!","listText":"wow! i got a TSLA Mooncake bless! <a href=\"https://ttm.financial/U/3562383965041634\"> @Quilius </a> come get your mooncake!","text":"wow! i got a TSLA Mooncake bless! @Quilius come get your mooncake!","images":[{"img":"https://community-static.tradeup.com/news/94daf6b91a91f98a2ea330fdd1d8aa6a"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/485228179235208","isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":485228281131488,"gmtCreate":1759494393305,"gmtModify":1759494397652,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558134964905294","idStr":"3558134964905294"},"themes":[],"htmlText":"Got a tesla stock <a href=\"https://ttm.financial/U/3562383965041634\">@Quilius </a> come get your mooncake!!","listText":"Got a tesla stock <a href=\"https://ttm.financial/U/3562383965041634\">@Quilius </a> come get your mooncake!!","text":"Got a tesla stock @Quilius come get your mooncake!!","images":[{"img":"https://community-static.tradeup.com/news/a105167b1d00083470a25e4cb17cfc32","width":"1440","height":"3551"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/485228281131488","isVote":1,"tweetType":1,"viewCount":358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":484347447324792,"gmtCreate":1759241431572,"gmtModify":1759277570463,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558134964905294","idStr":"3558134964905294"},"themes":[],"htmlText":"How the hell did it fell from 2819$ to 8$ wth?","listText":"How the hell did it fell from 2819$ to 8$ wth?","text":"How the hell did it fell from 2819$ to 8$ wth?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/484347447324792","repostId":"2571344198","repostType":2,"repost":{"id":"2571344198","kind":"highlight","weMediaInfo":{"introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"media_name":"MT Newswires","id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"pubTimestamp":1759240890,"share":"https://ttm.financial/m/news/2571344198?lang=en_US&edition=fundamental","pubTime":"2025-09-30 22:01","market":"us","language":"en","title":"Draganfly Stock Rockets 16% as It to Supply US Army With Flex FPV Drone Systems","url":"https://stock-news.laohu8.com/highlight/detail?id=2571344198","media":"MT Newswires","summary":"U.S. Army chooses Draganfly Inc. to provide Flex FPV drones, training, and logistics support. Recent exercises highlight the importance of this technology.","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/DPRO\">Draganfly</a> announced Tuesday that the U.S. Army has selected the company to provide its Flex FPV drone systems, including onsite manufacturing, training, and secure logistics support.</p><p>Shares of <a href=\"https://laohu8.com/S/DPRO\">Draganfly</a> surged 16% on Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9c695e8720401cb317a3dd5c475b662a\" tg-width=\"822\" tg-height=\"611\"/></p><p>The initial order directs the company to deliver Flex FPV drones designed for high-performance operations.</p><p>The financial terms of the order were not disclosed. The stock breached and made a new 52-week high on the news.</p><p>Draganfly will help establish manufacturing of the Flex FPV drone within overseas U.S. Forces facilities to accelerate deployment and reduce supply-chain timelines.</p><p>The company will provide both flight and manufacturing training, enabling Army personnel to sustain operations. It will also manage logistics to ensure a secure, NDAA-compliant supply chain practice.</p><p>Recent exercises underscored the importance of FPV technology. During the Swift Response 2025 exercise in Lithuania, paratroopers operated and detonated in-house-built FPV drones against dismounted and vehicle-sized autonomous targets.</p><p>The unit established its own drone lab for design, training, and rapid innovation. In August 2025, the U.S. Army executed the first air-to-air kill with an armed FPV drone.</p><p>Draganfly said its Embedded Manufacturing Program and Flex FPV Drone systems support this strategic shift to decentralized and agile innovation. The company stated that the initiative reinforces operational agility and sustainment for forward-deployed forces.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Draganfly Stock Rockets 16% as It to Supply US Army With Flex FPV Drone Systems</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDraganfly Stock Rockets 16% as It to Supply US Army With Flex FPV Drone Systems\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2025-09-30 22:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/DPRO\">Draganfly</a> announced Tuesday that the U.S. Army has selected the company to provide its Flex FPV drone systems, including onsite manufacturing, training, and secure logistics support.</p><p>Shares of <a href=\"https://laohu8.com/S/DPRO\">Draganfly</a> surged 16% on Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9c695e8720401cb317a3dd5c475b662a\" tg-width=\"822\" tg-height=\"611\"/></p><p>The initial order directs the company to deliver Flex FPV drones designed for high-performance operations.</p><p>The financial terms of the order were not disclosed. The stock breached and made a new 52-week high on the news.</p><p>Draganfly will help establish manufacturing of the Flex FPV drone within overseas U.S. Forces facilities to accelerate deployment and reduce supply-chain timelines.</p><p>The company will provide both flight and manufacturing training, enabling Army personnel to sustain operations. It will also manage logistics to ensure a secure, NDAA-compliant supply chain practice.</p><p>Recent exercises underscored the importance of FPV technology. During the Swift Response 2025 exercise in Lithuania, paratroopers operated and detonated in-house-built FPV drones against dismounted and vehicle-sized autonomous targets.</p><p>The unit established its own drone lab for design, training, and rapid innovation. In August 2025, the U.S. Army executed the first air-to-air kill with an armed FPV drone.</p><p>Draganfly said its Embedded Manufacturing Program and Flex FPV Drone systems support this strategic shift to decentralized and agile innovation. The company stated that the initiative reinforces operational agility and sustainment for forward-deployed forces.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4187":"航天航空与国防","DPRO":"Draganfly Inc","BK4603":"无人机概念股"},"source_url":"https://www.benzinga.com/markets/small-cap/25/09/47937831/draganfly-lands-us-army-deal-to-build-train-flex-fpv-drone-systems-at-overseas-facilities","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2571344198","content_text":"Draganfly announced Tuesday that the U.S. Army has selected the company to provide its Flex FPV drone systems, including onsite manufacturing, training, and secure logistics support.Shares of Draganfly surged 16% on Tuesday.The initial order directs the company to deliver Flex FPV drones designed for high-performance operations.The financial terms of the order were not disclosed. The stock breached and made a new 52-week high on the news.Draganfly will help establish manufacturing of the Flex FPV drone within overseas U.S. Forces facilities to accelerate deployment and reduce supply-chain timelines.The company will provide both flight and manufacturing training, enabling Army personnel to sustain operations. It will also manage logistics to ensure a secure, NDAA-compliant supply chain practice.Recent exercises underscored the importance of FPV technology. During the Swift Response 2025 exercise in Lithuania, paratroopers operated and detonated in-house-built FPV drones against dismounted and vehicle-sized autonomous targets.The unit established its own drone lab for design, training, and rapid innovation. In August 2025, the U.S. Army executed the first air-to-air kill with an armed FPV drone.Draganfly said its Embedded Manufacturing Program and Flex FPV Drone systems support this strategic shift to decentralized and agile innovation. The company stated that the initiative reinforces operational agility and sustainment for forward-deployed forces.","news_type":1,"symbols_score_info":{"DPRO":1}},"isVote":1,"tweetType":1,"viewCount":652,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":482085744808408,"gmtCreate":1758727297104,"gmtModify":1758727300338,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558134964905294","idStr":"3558134964905294"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/INTC\">$Intel(INTC)$ </a> if you have intelligence you would steer clear of this lol","listText":"<a href=\"https://ttm.financial/S/INTC\">$Intel(INTC)$ </a> if you have intelligence you would steer clear of this lol","text":"$Intel(INTC)$ if you have intelligence you would steer clear of this lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/482085744808408","isVote":1,"tweetType":1,"viewCount":653,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":482085577294200,"gmtCreate":1758727255953,"gmtModify":1758727258147,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558134964905294","idStr":"3558134964905294"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$ </a> ","listText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$ </a> ","text":"$Palantir Technologies Inc.(PLTR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/482085577294200","isVote":1,"tweetType":1,"viewCount":484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":479096451178912,"gmtCreate":1757987466993,"gmtModify":1757987745704,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558134964905294","idStr":"3558134964905294"},"themes":[],"htmlText":"Webtoons going to start creating LGBT comics? Lets goooo 🤣","listText":"Webtoons going to start creating LGBT comics? Lets goooo 🤣","text":"Webtoons going to start creating LGBT comics? Lets goooo 🤣","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/479096451178912","repostId":"2567014777","repostType":2,"repost":{"id":"2567014777","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1757987181,"share":"https://ttm.financial/m/news/2567014777?lang=en_US&edition=fundamental","pubTime":"2025-09-16 09:46","market":"us","language":"en","title":"Disney to Invest in Webtoon Entertainment With Plan for New Comics Platform","url":"https://stock-news.laohu8.com/highlight/detail?id=2567014777","media":"Dow Jones","summary":"Disney plans to take a stake in Webtoon Entertainment as the companies prepare to create a new digital platform that will house all of the entertainment giant's various comic brands, including Marvel...","content":"<html><head></head><body><p>Disney plans to take a stake in Webtoon Entertainment as the companies prepare to create a new digital platform that will house all of the entertainment giant's various comic brands, including Marvel and <a href=\"https://laohu8.com/S/SGU\">Star</a> Wars.</p><p>The companies said Monday that they have signed a non-binding term sheet for development of the new platform, which will feature current comic book runs and decades of older comics from across Disney's portfolio.</p><p>In conjunction with the collaboration, Disney has signed a non-binding term sheet to acquire a 2% equity interest in Webtoon, though the companies have yet to reach a definitive agreement.</p><p>Shares of Webtoon soared 60% to $24 in overnight trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/17119510191e6fd152c2328c238ebcfd\" tg-width=\"912\" tg-height=\"833\"/></p><p>The development comes a month after Disney said it reached a deal to put nearly 100 class comics and new online series on Webtoon's online-comic platform, and refit them for Webtoon's mobile vertical-scroll format.</p><p>Now, Webtoon will be building and operating a new platform for Disney's more than 35,000 comics that can be accessed with one subscription, and will include both vertical and traditional formats.</p><p>"Through our expanded relationship with Webtoon, the global leader in digital comics, we're opening doors to new audiences and deepening fan engagement," Disney Experiences Chairman Josh D'Amaro said.</p><p>The new platform will aim for wide distribution, and select comics will be localised for Webtoon's Korean and Japanese platforms, the companies said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Disney to Invest in Webtoon Entertainment With Plan for New Comics Platform</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDisney to Invest in Webtoon Entertainment With Plan for New Comics Platform\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-09-16 09:46</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Disney plans to take a stake in Webtoon Entertainment as the companies prepare to create a new digital platform that will house all of the entertainment giant's various comic brands, including Marvel and <a href=\"https://laohu8.com/S/SGU\">Star</a> Wars.</p><p>The companies said Monday that they have signed a non-binding term sheet for development of the new platform, which will feature current comic book runs and decades of older comics from across Disney's portfolio.</p><p>In conjunction with the collaboration, Disney has signed a non-binding term sheet to acquire a 2% equity interest in Webtoon, though the companies have yet to reach a definitive agreement.</p><p>Shares of Webtoon soared 60% to $24 in overnight trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/17119510191e6fd152c2328c238ebcfd\" tg-width=\"912\" tg-height=\"833\"/></p><p>The development comes a month after Disney said it reached a deal to put nearly 100 class comics and new online series on Webtoon's online-comic platform, and refit them for Webtoon's mobile vertical-scroll format.</p><p>Now, Webtoon will be building and operating a new platform for Disney's more than 35,000 comics that can be accessed with one subscription, and will include both vertical and traditional formats.</p><p>"Through our expanded relationship with Webtoon, the global leader in digital comics, we're opening doors to new audiences and deepening fan engagement," Disney Experiences Chairman Josh D'Amaro said.</p><p>The new platform will aim for wide distribution, and select comics will be localised for Webtoon's Korean and Japanese platforms, the companies said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4561":"索罗斯持仓","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","BK4524":"宅经济概念","BK4554":"元宇宙及AR概念","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","BK4532":"文艺复兴科技持仓","BK4581":"高盛持仓","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","LU0726765562.USD":"JPM GLOBAL INCOME \"A\" (USD HEDGED) INC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","BK4077":"互动媒体与服务","BK4585":"ETF&股票定投概念","LU2347655073.USD":"JPM GLOBAL INCOME \"A\" (USDHDG) INC A","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4534":"瑞士信贷持仓","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","LU0251142724.SGD":"Fidelity America A-SGD","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","WBTN":"WEBTOON Entertainment Inc.","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","BK4108":"电影和娱乐","BK4550":"红杉资本持仓","DIS":"迪士尼","BK4588":"碎股","BK4507":"流媒体概念","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4551":"寇图资本持仓"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2567014777","content_text":"Disney plans to take a stake in Webtoon Entertainment as the companies prepare to create a new digital platform that will house all of the entertainment giant's various comic brands, including Marvel and Star Wars.The companies said Monday that they have signed a non-binding term sheet for development of the new platform, which will feature current comic book runs and decades of older comics from across Disney's portfolio.In conjunction with the collaboration, Disney has signed a non-binding term sheet to acquire a 2% equity interest in Webtoon, though the companies have yet to reach a definitive agreement.Shares of Webtoon soared 60% to $24 in overnight trading.The development comes a month after Disney said it reached a deal to put nearly 100 class comics and new online series on Webtoon's online-comic platform, and refit them for Webtoon's mobile vertical-scroll format.Now, Webtoon will be building and operating a new platform for Disney's more than 35,000 comics that can be accessed with one subscription, and will include both vertical and traditional formats.\"Through our expanded relationship with Webtoon, the global leader in digital comics, we're opening doors to new audiences and deepening fan engagement,\" Disney Experiences Chairman Josh D'Amaro said.The new platform will aim for wide distribution, and select comics will be localised for Webtoon's Korean and Japanese platforms, the companies said.","news_type":1,"symbols_score_info":{"DIS":1,"WBTN":0.9}},"isVote":1,"tweetType":1,"viewCount":620,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":407462680653968,"gmtCreate":1740496351913,"gmtModify":1740496355835,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558134964905294","idStr":"3558134964905294"},"themes":[],"htmlText":"Good good keep it going we need to go touch the baseline of 200ema again","listText":"Good good keep it going we need to go touch the baseline of 200ema again","text":"Good good keep it going we need to go touch the baseline of 200ema again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/407462680653968","repostId":"1106251226","repostType":2,"repost":{"id":"1106251226","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1740495288,"share":"https://ttm.financial/m/news/1106251226?lang=en_US&edition=fundamental","pubTime":"2025-02-25 22:54","market":"us","language":"en","title":"Mag 7 Stocks Tumbled In Morning Trading With Tesla Down 5%, Nvidia Down 2%","url":"https://stock-news.laohu8.com/highlight/detail?id=1106251226","media":"Tiger Newspress","summary":"Mag 7 Stocks Tumbled in Morning Trading with Tesla Down 5%, Nvidia Down 2%.","content":"<html><head></head><body><p>Mag 7 Stocks Tumbled in Morning Trading with Tesla Down 5%, Nvidia Down 2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/514096d95e021f58c0e503da1ef02626\" tg-width=\"283\" tg-height=\"356\"/></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mag 7 Stocks Tumbled In Morning Trading With Tesla Down 5%, Nvidia Down 2%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMag 7 Stocks Tumbled In Morning Trading With Tesla Down 5%, Nvidia Down 2%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2025-02-25 22:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Mag 7 Stocks Tumbled in Morning Trading with Tesla Down 5%, Nvidia Down 2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/514096d95e021f58c0e503da1ef02626\" tg-width=\"283\" tg-height=\"356\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","TSLA":"特斯拉","AMZN":"亚马逊","GOOG":"谷歌","MSFT":"微软","NVDA":"英伟达","META":"Meta Platforms, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106251226","content_text":"Mag 7 Stocks Tumbled in Morning Trading with Tesla Down 5%, Nvidia Down 2%.","news_type":1,"symbols_score_info":{"TSLA":1.1,"MSFT":1.1,"AAPL":1.1,"NVDA":1.1,"META":1.1,"AMZN":1.1,"GOOG":1.1}},"isVote":1,"tweetType":1,"viewCount":1233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125284199,"gmtCreate":1624675489911,"gmtModify":1703843383609,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558134964905294","idStr":"3558134964905294"},"themes":[],"htmlText":"Let's go Tesla!! Time to wake up!!","listText":"Let's go Tesla!! Time to wake up!!","text":"Let's go Tesla!! Time to wake up!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/125284199","repostId":"1100072036","repostType":4,"isVote":1,"tweetType":1,"viewCount":2966,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125918874,"gmtCreate":1624640734898,"gmtModify":1703842651258,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558134964905294","idStr":"3558134964905294"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/125918874","repostId":"2146023165","repostType":4,"isVote":1,"tweetType":1,"viewCount":2863,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129526903,"gmtCreate":1624378193502,"gmtModify":1703835049557,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558134964905294","idStr":"3558134964905294"},"themes":[],"htmlText":"What happen to the bitcoin hodler","listText":"What happen to the bitcoin hodler","text":"What happen to the bitcoin hodler","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129526903","repostId":"1190428306","repostType":4,"isVote":1,"tweetType":1,"viewCount":2185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161976744,"gmtCreate":1623903073888,"gmtModify":1703823101846,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558134964905294","idStr":"3558134964905294"},"themes":[],"htmlText":"Leaving comment","listText":"Leaving comment","text":"Leaving comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/161976744","repostId":"2143379379","repostType":4,"isVote":1,"tweetType":1,"viewCount":2761,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188408987,"gmtCreate":1623457349049,"gmtModify":1704204048616,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558134964905294","idStr":"3558134964905294"},"themes":[],"htmlText":"Like and comment I'll reply","listText":"Like and comment I'll reply","text":"Like and comment I'll reply","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/188408987","repostId":"2142204061","repostType":4,"repost":{"id":"2142204061","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623452400,"share":"https://ttm.financial/m/news/2142204061?lang=en_US&edition=fundamental","pubTime":"2021-06-12 07:00","market":"hk","language":"en","title":"Microsoft and American Airlines-backed flying taxi startup to go public in new $5 billion blank-check wave","url":"https://stock-news.laohu8.com/highlight/detail?id=2142204061","media":"Dow Jones","summary":"Vertical Aerospace and Signa Sports United both announced plans to go public via special-purpose acq","content":"<blockquote>\n Vertical Aerospace and Signa Sports United both announced plans to go public via special-purpose acquisition companies this week.\n</blockquote>\n<p>A developer of electric, flying taxis is set to go public in New York by merging with a blank-check, special-purpose acquisition company, or SPAC, as part of the latest wave of listings bringing more than $5 billion in enterprise value to the stock market.</p>\n<p>Vertical Aerospace announced on Thursday that it would merge with <a href=\"https://laohu8.com/S/BSN\">Broadstone Acquisition Corp</a> <a href=\"https://laohu8.com/S/BSN.AU\">$(BSN.AU)$</a>, bringing around $394 million in gross proceeds to the company as part of a move to become publicly listed on the New York Stock Exchange. Shares in Broadstone were trading 0.5% higher on Friday, after rising around 3.5% in the premarket.</p>\n<p>Based in Bristol, England, Vertical Aerospace was founded in 2016 by energy entrepreneur Stephen Fitzpatrick. The group develops electric vertical takeoff and landing aircraft -- fixed-wing planes that perform like helicopters -- for urban mobility solutions such as passenger taxis, medical evacuations, and carrying cargo.</p>\n<p>Its flagship low-noise, zero-emissions VA-X4 prototype will be able to carry five people more than 100 miles at a top speed of 202 miles an hour. Vertical Aerospace said it should be profitable and cash flow stable with annual sales of less than 100 aircraft.</p>\n<p>Microsoft's <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> venture capital arm, American Airlines <a href=\"https://laohu8.com/S/AAL\">$(AAL)$</a>, Honeywell <a href=\"https://laohu8.com/S/HON\">$(HON)$</a>, and Rolls-Royce were among those investing in the company through the private investment in public equity offering, or PIPE, the group said. The company said it had up to 1,000 aircraft preorders valued at up to $4 billion from American Airlines and aircraft leasing company Avolon, as well as a preorder option from Virgin Atlantic.</p>\n<p>The deal with Broadstone is expected to close in the second half of the year. It values the group and its parent SPAC at an enterprise value of $1.84 billion and equity value of $2.2 billion, based on the $10 per share price in the PIPE.</p>\n<p>Vertical Aerospace is <a href=\"https://laohu8.com/S/AONE\">one</a> of two European technology companies that this week announced plans to go public in New York via blank-check merger, in a new wave of investments amid the cooling down of the red-hot SPAC market of 2020-21 .</p>\n<p>German sports e-commerce platform Signa Sports United announced on Friday it would go public on the NYSE by merging with <a href=\"https://laohu8.com/S/YAC\">Yucaipa Acquisition Corp</a> (YAC). The group said the approximately $300 million PIPE investment was anchored by billionaire Ron Burkle, who leads Yucaipa and owns the Soho House chain of private members' clubs, as well as institutional investors and sovereign-wealth funds.</p>\n<p>The move is a bid from Signa to dominate in the sports e-commerce space, with expected net revenues of around $1.6 billion in the year to September 2021. Signa's deal with Yucaipa also includes the acquisition of Wiggle, a popular U.K. online bicycle brand. Wiggle is currently owned by private equity group Bridgepoint, which bought the brand a decade ago and is slated to receive shares in the new public company.</p>\n<p>Signa Sports United's transaction with Yucaipa is expected to close in the second half of 2021, and gives the new combined company an enterprise valuation of around $3.2 billion. So, between Vertical Aerospace and Signa, more than $5 billion in enterprise value is headed to the New York Stock Exchange this year from high-growth European companies.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft and American Airlines-backed flying taxi startup to go public in new $5 billion blank-check wave</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft and American Airlines-backed flying taxi startup to go public in new $5 billion blank-check wave\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-12 07:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n Vertical Aerospace and Signa Sports United both announced plans to go public via special-purpose acquisition companies this week.\n</blockquote>\n<p>A developer of electric, flying taxis is set to go public in New York by merging with a blank-check, special-purpose acquisition company, or SPAC, as part of the latest wave of listings bringing more than $5 billion in enterprise value to the stock market.</p>\n<p>Vertical Aerospace announced on Thursday that it would merge with <a href=\"https://laohu8.com/S/BSN\">Broadstone Acquisition Corp</a> <a href=\"https://laohu8.com/S/BSN.AU\">$(BSN.AU)$</a>, bringing around $394 million in gross proceeds to the company as part of a move to become publicly listed on the New York Stock Exchange. Shares in Broadstone were trading 0.5% higher on Friday, after rising around 3.5% in the premarket.</p>\n<p>Based in Bristol, England, Vertical Aerospace was founded in 2016 by energy entrepreneur Stephen Fitzpatrick. The group develops electric vertical takeoff and landing aircraft -- fixed-wing planes that perform like helicopters -- for urban mobility solutions such as passenger taxis, medical evacuations, and carrying cargo.</p>\n<p>Its flagship low-noise, zero-emissions VA-X4 prototype will be able to carry five people more than 100 miles at a top speed of 202 miles an hour. Vertical Aerospace said it should be profitable and cash flow stable with annual sales of less than 100 aircraft.</p>\n<p>Microsoft's <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> venture capital arm, American Airlines <a href=\"https://laohu8.com/S/AAL\">$(AAL)$</a>, Honeywell <a href=\"https://laohu8.com/S/HON\">$(HON)$</a>, and Rolls-Royce were among those investing in the company through the private investment in public equity offering, or PIPE, the group said. The company said it had up to 1,000 aircraft preorders valued at up to $4 billion from American Airlines and aircraft leasing company Avolon, as well as a preorder option from Virgin Atlantic.</p>\n<p>The deal with Broadstone is expected to close in the second half of the year. It values the group and its parent SPAC at an enterprise value of $1.84 billion and equity value of $2.2 billion, based on the $10 per share price in the PIPE.</p>\n<p>Vertical Aerospace is <a href=\"https://laohu8.com/S/AONE\">one</a> of two European technology companies that this week announced plans to go public in New York via blank-check merger, in a new wave of investments amid the cooling down of the red-hot SPAC market of 2020-21 .</p>\n<p>German sports e-commerce platform Signa Sports United announced on Friday it would go public on the NYSE by merging with <a href=\"https://laohu8.com/S/YAC\">Yucaipa Acquisition Corp</a> (YAC). The group said the approximately $300 million PIPE investment was anchored by billionaire Ron Burkle, who leads Yucaipa and owns the Soho House chain of private members' clubs, as well as institutional investors and sovereign-wealth funds.</p>\n<p>The move is a bid from Signa to dominate in the sports e-commerce space, with expected net revenues of around $1.6 billion in the year to September 2021. Signa's deal with Yucaipa also includes the acquisition of Wiggle, a popular U.K. online bicycle brand. Wiggle is currently owned by private equity group Bridgepoint, which bought the brand a decade ago and is slated to receive shares in the new public company.</p>\n<p>Signa Sports United's transaction with Yucaipa is expected to close in the second half of 2021, and gives the new combined company an enterprise valuation of around $3.2 billion. So, between Vertical Aerospace and Signa, more than $5 billion in enterprise value is headed to the New York Stock Exchange this year from high-growth European companies.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","RYCEY":"Rolls Royce Holdings plc","09086":"华夏纳指-U","03086":"华夏纳指","HON":"霍尼韦尔","AFG":"美国金融集团有限公司","AAL":"美国航空"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142204061","content_text":"Vertical Aerospace and Signa Sports United both announced plans to go public via special-purpose acquisition companies this week.\n\nA developer of electric, flying taxis is set to go public in New York by merging with a blank-check, special-purpose acquisition company, or SPAC, as part of the latest wave of listings bringing more than $5 billion in enterprise value to the stock market.\nVertical Aerospace announced on Thursday that it would merge with Broadstone Acquisition Corp $(BSN.AU)$, bringing around $394 million in gross proceeds to the company as part of a move to become publicly listed on the New York Stock Exchange. Shares in Broadstone were trading 0.5% higher on Friday, after rising around 3.5% in the premarket.\nBased in Bristol, England, Vertical Aerospace was founded in 2016 by energy entrepreneur Stephen Fitzpatrick. The group develops electric vertical takeoff and landing aircraft -- fixed-wing planes that perform like helicopters -- for urban mobility solutions such as passenger taxis, medical evacuations, and carrying cargo.\nIts flagship low-noise, zero-emissions VA-X4 prototype will be able to carry five people more than 100 miles at a top speed of 202 miles an hour. Vertical Aerospace said it should be profitable and cash flow stable with annual sales of less than 100 aircraft.\nMicrosoft's $(MSFT)$ venture capital arm, American Airlines $(AAL)$, Honeywell $(HON)$, and Rolls-Royce were among those investing in the company through the private investment in public equity offering, or PIPE, the group said. The company said it had up to 1,000 aircraft preorders valued at up to $4 billion from American Airlines and aircraft leasing company Avolon, as well as a preorder option from Virgin Atlantic.\nThe deal with Broadstone is expected to close in the second half of the year. It values the group and its parent SPAC at an enterprise value of $1.84 billion and equity value of $2.2 billion, based on the $10 per share price in the PIPE.\nVertical Aerospace is one of two European technology companies that this week announced plans to go public in New York via blank-check merger, in a new wave of investments amid the cooling down of the red-hot SPAC market of 2020-21 .\nGerman sports e-commerce platform Signa Sports United announced on Friday it would go public on the NYSE by merging with Yucaipa Acquisition Corp (YAC). The group said the approximately $300 million PIPE investment was anchored by billionaire Ron Burkle, who leads Yucaipa and owns the Soho House chain of private members' clubs, as well as institutional investors and sovereign-wealth funds.\nThe move is a bid from Signa to dominate in the sports e-commerce space, with expected net revenues of around $1.6 billion in the year to September 2021. Signa's deal with Yucaipa also includes the acquisition of Wiggle, a popular U.K. online bicycle brand. Wiggle is currently owned by private equity group Bridgepoint, which bought the brand a decade ago and is slated to receive shares in the new public company.\nSigna Sports United's transaction with Yucaipa is expected to close in the second half of 2021, and gives the new combined company an enterprise valuation of around $3.2 billion. So, between Vertical Aerospace and Signa, more than $5 billion in enterprise value is headed to the New York Stock Exchange this year from high-growth European companies.","news_type":1,"symbols_score_info":{"RYCEY":0.9,"09086":0.9,"MSFT":0.9,"YAC":0.9,"HON":0.9,"AAL":0.9,"AFG":0.9,"03086":0.9,"AMSWA":0.9}},"isVote":1,"tweetType":1,"viewCount":2483,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345328980,"gmtCreate":1618280517040,"gmtModify":1704708524693,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558134964905294","idStr":"3558134964905294"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>down more so we can load more","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>down more so we can load more","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$down more so we can load more","images":[{"img":"https://static.tigerbbs.com/fd7039135f51621058bca90c2953b3d9","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/345328980","isVote":1,"tweetType":1,"viewCount":2462,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":343615668,"gmtCreate":1617712760954,"gmtModify":1704702086549,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558134964905294","idStr":"3558134964905294"},"themes":[],"htmlText":"Powell speaking every week!! Like pls","listText":"Powell speaking every week!! Like pls","text":"Powell speaking every week!! Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343615668","repostId":"2125757547","repostType":4,"isVote":1,"tweetType":1,"viewCount":1831,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349590050,"gmtCreate":1617622207870,"gmtModify":1704700959496,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558134964905294","idStr":"3558134964905294"},"themes":[],"htmlText":"Like and comments!","listText":"Like and comments!","text":"Like and comments!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/349590050","repostId":"1113410999","repostType":4,"isVote":1,"tweetType":1,"viewCount":3065,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3578877444948553","authorId":"3578877444948553","name":"ALDX","avatar":"https://static.tigerbbs.com/1c30b3322520635b1f24c04407d5574c","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3578877444948553","idStr":"3578877444948553"},"content":"Done pls do the same for me","text":"Done pls do the same for me","html":"Done pls do the same for me"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349325306,"gmtCreate":1617548938305,"gmtModify":1704700365886,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558134964905294","idStr":"3558134964905294"},"themes":[],"htmlText":"Let's goooo like and comment here pls!!!","listText":"Let's goooo like and comment here pls!!!","text":"Let's goooo like and comment here pls!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/349325306","repostId":"1180941072","repostType":4,"repost":{"id":"1180941072","kind":"news","pubTimestamp":1617347526,"share":"https://ttm.financial/m/news/1180941072?lang=en_US&edition=fundamental","pubTime":"2021-04-02 15:12","market":"us","language":"en","title":"Rehypothecated Leverage: How Archegos Built A $100 Billion Portfolio Out Of Thin Air... And Then Blew Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1180941072","media":"zerohedge","summary":"One week after the biggest, and most spectacular hedge fund collapse since LTCM, we now have an (alm","content":"<p>One week after the biggest, and most spectacular hedge fund collapse since LTCM, we now have an (almost) clear picture of how Bill Hwang’s Archegos family office managed to single-handedly make a boring media stock the best performing company of 2021, but then when its luck suddenly ended it was margin called into extinction, leading to billions in losses for the banks that enabled what Bloomberg has dubbed its<i>\"leveraged blowout.\"</i></p><p>Thanks to detailed reports by theFinancial TimesandBloomberg, we now have the missing pieces to complete the picture of the biggest hedge fund implosion of the 21st century.</p><p>As a reminder, and as wepreviously discussed, we already knew<i><b>how</b></i>Archegos was building up stakes in its various holdings: unlike most other investors, the fund never actually owned the underlying stock or even calls on the stock, but rather transacted by purchasing equity swaps known as Total Return Swaps (TRS) or Certificates For Difference (CFD). Similar to Credit Default Swaps, TRS exposed Archegos to the daily variation margin on the underlying stock, and as such while the fund would benefit economically from increases in the underlying stock price (and, inversely, would be hit by price drops forcing it to put up more cash as margin any day the stock price dropped) it would<i><b>never be the actual owner of record</b></i>of the underlying stock. Instead, the stock that Archegos was long would be \"owned\" by its prime broker, the same entity that allowed it to enter into TRS in the first place. As such<b>Archegos also never had any disclosure requirements</b>, allowing it to transact completely in the dark while being fully compliant with SEC disclosure requirements -<i>since it didn't own the underlying stock, Archegos did not have to disclose it.</i><b>Simple and brilliant.</b></p><p>This part is important because the lack of a documented trail of ownership to Archegos is what enabled the entire Ponzi bezzle... and the staggering leverage the fund applied to its portfolio. Furthermore, well aware that there was almost no way to verify just how much of a given stock he owned, Hwang proceeded to have nearly identical positions with not one, not two but at least<i><b>eight</b></i>prime brokers (the final number is still being determined as more and more come out of the woodwork).</p><p>Not that Archegos prime brokers were completely clueless as to what was going on.</p><p>As Bloomberg reports, while much of the investing world watched in stunned silence how an \"old media\" company - ViacomCBS - shot up almost 300% in weeks, becoming the best performing stock in the S&P500 and prompting investors to speculate that the stock was was either undervalued,<i><b>or</b></i>like GameStop,<i><b>or</b></i>a takeover target, a handful of execs at Wall Street's top trading firms were aware of what was behind the move: it was Archegos Capital Management, who was building a massive position in ViacomCBS and a handful of other stocks...<b>using leverage the same banks so generously offered with stock which the banks themselves technically owned!</b></p><p><img src=\"https://static.tigerbbs.com/b2673e53795d60481c007d7f7d30c147\" tg-width=\"500\" tg-height=\"293\" referrerpolicy=\"no-referrer\">But while banks around the world - from<i>Goldman, Morgan Stanley and Wells in the US, to Credit Susse, UBS and Deutsche Bank in Europe, to Nomura and Mitsubishi UFJ in Japan</i>- kept giving Hwang the leverage he needed to acquire more and more of the stock, until he became the biggest<i><b>economic</b></i>if not<i><b>registered</b></i>owner of Viacom, what they did<i>not</i>know - thanks to the was Total Return Swaps are structured - was the full extent of his wagers. Which were massive:<i>he stealthily amassed $10 billion of Viacom</i>.</p><p>Viacom was just one of many: using even more TRS and even more leverage across even more Prime Brokers, Archegos was able to place colossal wagers while avoiding the disclosures required of most investors. And so<b>\"almost invisibly\" Hwang accumulated a portfolio which according to Bloomberg sources was as much as</b><b><u>$100 billion</u></b><b>!</b></p><p>Eventually, Archegos built positions in at least nine stocks that were big enough to rank him among the largest holders, fueled by a level of bank leverage that would have been unusual even for a hedge fund.</p><p>While we previously discussed the leverage aspect of Archegos strategy, here it is again: with Bill Hwuang managing approximately $10BN in assets under management, the multiple Total Return Swaps with unwitting prime brokers allowed the fund to build up a staggering $100 billion in positions, implying a huge 10x leverage. This is the kind of leverage one associated with the likes of financial titans likeCitadel and Millennium, not a smallish family office which has zero downside protection (as we would eventually learn).</p><p><img src=\"https://static.tigerbbs.com/e3436444c8e02081d1822cb0823fc1f1\" tg-width=\"500\" tg-height=\"285\" referrerpolicy=\"no-referrer\">What is amazing about this unilateral Ponzi scheme is that it relied on what we have dubbed<i><b>rehypothecated leverage</b></i>: the fund<i>never even owned the underlying stock which was layered with billions in generous Prime Broker debt</i>, but it was Archegos' Prime Brokers who not only would own the actual stock<b>but would also allow Hwang to add tens of billions in leverage... on an asset that they owned!</b></p><p>What is also remarkable is that Archegos' ponzi scheme could have continued indefinitely if only Viacom stock had i) continue to rise or ii) avoided a crash. After all, having ignited the initial upward moment, Archegos had effectively forced benchmark-tracking investors, exchange-traded funds, CTAs and other momentum investors to buy as well.</p><p>Sadly for Hwang (and his Primer Brokers) the upward momentum ended with a bang last Monday, when with its shares trading at $100, Viacom announced a $3BN stock sale, which hammered the stock, followed by a round of analyst downgrades, which sent the stock tumbling. It was at this point that Archegos was now facing tens of billions in margin calls on its VIACA Total Return Swaps from its Prime Brokers.</p><p><img src=\"https://static.tigerbbs.com/0543d0f74cfb9ce4e0ca6662b0f012a7\" tg-width=\"500\" tg-height=\"293\" referrerpolicy=\"no-referrer\">And therein lies the rub, because when the time came to unwind the Archegos Ponzi, the Prime Brokers' counterparty was not Archegos but other Prime Brokers. This is what led to the infamous meeting late last Thursday, where a bunch of PBs tried to reach an amicable resolution ahead of Friday's bloodbath. As Bloomberg adds, at several points during those exchanges, bankers implored Hwang to buy himself breathing room by selling some stocks and raising cash to post collateral. But \"he wouldn’t budge.\"</p><p>As a result, Morgan Stanley and Goldman promptly started dumping blocks of stock backing Archegos TRS in the open market. In doing so the started a margin call liquidation, in which those who sold first - like Goldman, Morgan Stanley and Deutsche - would avoid massive losses, while those who waited like Nomura and Credit Suisse...<i>would not.</i>Indeed, we already knew that Nomura, Japan’s largest investment bank, said its losses could hit $2Bn, while losses at Credit Suisse could be as large as $4Bn according to the FT.</p><p>At this point, many questions popped up, especially (and belatedly) inside the banks themselves: as theFT reports, executives within the prime brokerage divisions of at least two banks \"<b>are being quizzed by risk managers over why they offered a business as small as Archegos tens of billions of dollars of leverage on trades in volatile equities through swaps contracts,</b>.\"</p><p>As the FT further notes, echoing what we said above, while prime brokerage clients typically provide few details about their other trading activities, \"executives from at least two of the six banks are investigating whether Hwang deliberately misled them or withheld vital information about mirror positions he had built up at rival banks, according to people involved in the probes.\"</p><p>Well, no: Archegos did not mislead anyone. He simply used (and abused) a system where - as we put it - one investor can create as much rehypothecated leverage as the investors' banks and Prime Brokers will allow him. In this case we know the number may have been as high as a mindblowing $90 billion.</p><p>Naturally, had the banks known that<i><b>in a worst case scenario they would be facing other banks-</b></i>since such replicated, or rather rehypothecated position would magnify the risks on each of the trades making a bank less likely to extend so much credit against them - none of this would have been possible. However, as long as everything was going up, and all of Archegos positions were pleasasntly surging nobody seemed to care... or bother to calculate just how big the downside risk was (one can thank the Fed Put for that).</p><p>One final remarkable aspect of this whole story is that this is not Hwang's first crisis. In 2012 he submitted a guilty plea on behalf of his hedge fund to a charge of wire fraud, and he resolved related civil claims of insider trading without admitting or denying wrongdoing. Archegos is the family office he formed after winding down that firm, Tiger Asia Management.</p><p>However, as if nothing had ever happened, prime brokerages immediately began lining up to help the new business. Morgan Stanley was among his early backers. Deutsche Bank signed him as a client at the urging of at least one senior executive, according to Bloomberg, \"who was unperturbed by the insider-trading taint and didn’t believe Hwang had done anything wrong, according to a person familiar with that decision.\" Ironically, just a few years later,<b>Hwang did something wrong and it would prove to be the biggest hedge fund collapse in post-LTCM history.</b></p><p>Not every bank acted like an idiot: one firm resisted the lure. Archegos approached JPMorgan sometime between 2016 and 2018 and was rebuffed, according to the Bloomberg report. At the time, JPMorgan was still revamping the equity prime-brokerage unit it had acquired with Bear Stearns during the 2008 financial crisis. \"Dumb luck or not, the bank dodged a bullet.\"</p><p>The rest of the story is mostly known, so now what.</p><p>Well, aswe first hintedand as Bloomberg reports, already regulators are dropping hints of new rules to come, with SEC officials signaling to banks that they intend to make trading disclosures from hedge funds a higher priority, while also finding ways to address risk and leverage.</p><blockquote><i>Senior finance executives acknowledge that a crackdown of some form, whether on borrowing or transparency or both, is inevitable.</i></blockquote><p>Amusingly, and picking up on the FT's reporting, Bloomberg also notes that while some of those firms have disclosed the financial impact of their roles in the Archegos collapse,<b>none is willing to comment on how or why they enabled Hwang to become such a force in the market.</b>After all what can they say: \"the other guys vetted him, so we assumed he was clean\"...</p><p>There are also questions whether Hwang’s counterparties knew about his relationships with other banks and the scale of the leverage he was using for what appear to be concentrated positions in a handful of companies. And - more ominously - if they did not know anything about his exposure,<b>why the hell not?</b>As wereported on Tuesday, JPMorgan (which successfully managed to avoid this scandal completely) estimated that the Prime Brokers facing Archegos may end up<b>absorbing as much as $10 billion in combined losses.</b></p><p>Already credit rating agencies have downgraded outlooks for Credit Suisse and Nomura, citing concerns over “the quality of risk management” while activist investors are demanding better governance and would not mind if senior execs were summarily fired over this episode to restore confidence.</p><p>\"Risk controls still are not where they should be,\" David Herro, one of Credit Suisse’s biggest shareholders, said Wednesday in a Bloomberg TV interview. \"Hopefully, this is a wake-up call to expedite the cultural change that is needed in this company.\"</p><p>But going back to Bloomberg's original point, for all their silence the prime-brokerage units of Nomura, Goldman Sachs, Morgan Stanley, Credit Suisse and others,<b>had clues about what Archegos was doing.</b>These firms knew about the trades they had financed, of course, and also had some visibility into his total borrowings. And yet they didn't bother to ask about what, if any, risk management was being implemented to avoid an uncontrolled unwind. Or rather,<i><b>the questions emerged only after the margin call.</b></i></p><p>What the Prime Brokers also didn't know is that Hwang was taking parallel positions at multiple firms, piling more leverage onto the same few stocks, which brings us back to our<i><b>rehypothecated leverage</b></i>concept which we are confident we will use much more in the coming months, especially since \"unwinding a series of large, leveraged bets placed by a single account is one thing; doing so when rival banks are liquidating the same positions held by the same client is quite another.\"</p><p>Archegos' own \"Lehman moment\" came late on March 25 when Hwang’s prime brokers met again and discussed the possibility of standing down temporarily to let tensions ease, as we reported previously, but any attempt at solidarity proved short-lived: shortly after some PBs sent Archegos notices of default, clearing the way for Goldman and Morgan Stanley to dump Hwang's positions.</p><p>“Hopefully this will cause the prime brokerages of regulated banking organizations (and their supervisors) to re-assess their relationships with highly leveraged hedge funds,” former FDIC chair Sheila Bair tweeted.</p><p><img src=\"https://static.tigerbbs.com/b70d4570bcc92554dba7f9d5db168422\" tg-width=\"470\" tg-height=\"335\" referrerpolicy=\"no-referrer\">She is, of course, wrong.</p><p>In fact, if anything we expect Prime Brokers will make leverage<i>even easier to obtain for non-bank, hedge fund and family office clients</i>, because the one big mistake Archegos (and its Prime Brokers) made was that it was not big and systemic enough to merit a Fed bailout. Now, if Archegos had a portfolio of $200 billion, $300 billion or more, while usingCitadel's 50x leverage,<b>now we're talking \"size\"...</b>size enough for the Fed to step in and make everyone whole on the back of taxpayers... the same way the Fed bailed out Citadel, Millennium and Point72 in September 2019 during the repo crisis (as bothZero Hedgeand subsequentlyBloomberg, explained).</p><p>There is another reason nothing will change: hedge funds, Prime Brokers, banks - in fact the Fed itself - are all incentivized to<i><u><b>not</b></u></i>look at what skeletons may be found in the closet. Why? Because if the banks are forced to admit that there are more Archegos funds -<i><u><b>and there are countless</b></u></i>- Prime Brokers will have no choice but to sequester collateral from more clients, sparking more margin calls, leading to more stock liquidations, and resulting in even bigger investor panic. Call it a side effect of building castles on crooked foundations in an artificial, fake, Fed-supported market.</p><p>Is another market panic what the Fed wants? Or what the Biden admin wants? Of course not.</p><p>Which is why we will get a token Congressional hearing where politicians care more to hear themselves talk than listen to the answers, the banks will slap a few hands, one or two small sacrificial hedge funds will be shut down, and the world will move on, especially once Archegos is no longer on the front page of the financial media.</p><p>It's also why when the next major hedge fund implosion does happen, it will be far more catastrophic.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rehypothecated Leverage: How Archegos Built A $100 Billion Portfolio Out Of Thin Air... And Then Blew Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRehypothecated Leverage: How Archegos Built A $100 Billion Portfolio Out Of Thin Air... And Then Blew Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 15:12 GMT+8 <a href=https://www.zerohedge.com/markets/rehypothecated-leverage-how-archegos-built-100-billion-portfolio-out-thin-air-and-then-blew><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>One week after the biggest, and most spectacular hedge fund collapse since LTCM, we now have an (almost) clear picture of how Bill Hwang’s Archegos family office managed to single-handedly make a ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/rehypothecated-leverage-how-archegos-built-100-billion-portfolio-out-thin-air-and-then-blew\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/rehypothecated-leverage-how-archegos-built-100-billion-portfolio-out-thin-air-and-then-blew","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180941072","content_text":"One week after the biggest, and most spectacular hedge fund collapse since LTCM, we now have an (almost) clear picture of how Bill Hwang’s Archegos family office managed to single-handedly make a boring media stock the best performing company of 2021, but then when its luck suddenly ended it was margin called into extinction, leading to billions in losses for the banks that enabled what Bloomberg has dubbed its\"leveraged blowout.\"Thanks to detailed reports by theFinancial TimesandBloomberg, we now have the missing pieces to complete the picture of the biggest hedge fund implosion of the 21st century.As a reminder, and as wepreviously discussed, we already knewhowArchegos was building up stakes in its various holdings: unlike most other investors, the fund never actually owned the underlying stock or even calls on the stock, but rather transacted by purchasing equity swaps known as Total Return Swaps (TRS) or Certificates For Difference (CFD). Similar to Credit Default Swaps, TRS exposed Archegos to the daily variation margin on the underlying stock, and as such while the fund would benefit economically from increases in the underlying stock price (and, inversely, would be hit by price drops forcing it to put up more cash as margin any day the stock price dropped) it wouldnever be the actual owner of recordof the underlying stock. Instead, the stock that Archegos was long would be \"owned\" by its prime broker, the same entity that allowed it to enter into TRS in the first place. As suchArchegos also never had any disclosure requirements, allowing it to transact completely in the dark while being fully compliant with SEC disclosure requirements -since it didn't own the underlying stock, Archegos did not have to disclose it.Simple and brilliant.This part is important because the lack of a documented trail of ownership to Archegos is what enabled the entire Ponzi bezzle... and the staggering leverage the fund applied to its portfolio. Furthermore, well aware that there was almost no way to verify just how much of a given stock he owned, Hwang proceeded to have nearly identical positions with not one, not two but at leasteightprime brokers (the final number is still being determined as more and more come out of the woodwork).Not that Archegos prime brokers were completely clueless as to what was going on.As Bloomberg reports, while much of the investing world watched in stunned silence how an \"old media\" company - ViacomCBS - shot up almost 300% in weeks, becoming the best performing stock in the S&P500 and prompting investors to speculate that the stock was was either undervalued,orlike GameStop,ora takeover target, a handful of execs at Wall Street's top trading firms were aware of what was behind the move: it was Archegos Capital Management, who was building a massive position in ViacomCBS and a handful of other stocks...using leverage the same banks so generously offered with stock which the banks themselves technically owned!But while banks around the world - fromGoldman, Morgan Stanley and Wells in the US, to Credit Susse, UBS and Deutsche Bank in Europe, to Nomura and Mitsubishi UFJ in Japan- kept giving Hwang the leverage he needed to acquire more and more of the stock, until he became the biggesteconomicif notregisteredowner of Viacom, what they didnotknow - thanks to the was Total Return Swaps are structured - was the full extent of his wagers. Which were massive:he stealthily amassed $10 billion of Viacom.Viacom was just one of many: using even more TRS and even more leverage across even more Prime Brokers, Archegos was able to place colossal wagers while avoiding the disclosures required of most investors. And so\"almost invisibly\" Hwang accumulated a portfolio which according to Bloomberg sources was as much as$100 billion!Eventually, Archegos built positions in at least nine stocks that were big enough to rank him among the largest holders, fueled by a level of bank leverage that would have been unusual even for a hedge fund.While we previously discussed the leverage aspect of Archegos strategy, here it is again: with Bill Hwuang managing approximately $10BN in assets under management, the multiple Total Return Swaps with unwitting prime brokers allowed the fund to build up a staggering $100 billion in positions, implying a huge 10x leverage. This is the kind of leverage one associated with the likes of financial titans likeCitadel and Millennium, not a smallish family office which has zero downside protection (as we would eventually learn).What is amazing about this unilateral Ponzi scheme is that it relied on what we have dubbedrehypothecated leverage: the fundnever even owned the underlying stock which was layered with billions in generous Prime Broker debt, but it was Archegos' Prime Brokers who not only would own the actual stockbut would also allow Hwang to add tens of billions in leverage... on an asset that they owned!What is also remarkable is that Archegos' ponzi scheme could have continued indefinitely if only Viacom stock had i) continue to rise or ii) avoided a crash. After all, having ignited the initial upward moment, Archegos had effectively forced benchmark-tracking investors, exchange-traded funds, CTAs and other momentum investors to buy as well.Sadly for Hwang (and his Primer Brokers) the upward momentum ended with a bang last Monday, when with its shares trading at $100, Viacom announced a $3BN stock sale, which hammered the stock, followed by a round of analyst downgrades, which sent the stock tumbling. It was at this point that Archegos was now facing tens of billions in margin calls on its VIACA Total Return Swaps from its Prime Brokers.And therein lies the rub, because when the time came to unwind the Archegos Ponzi, the Prime Brokers' counterparty was not Archegos but other Prime Brokers. This is what led to the infamous meeting late last Thursday, where a bunch of PBs tried to reach an amicable resolution ahead of Friday's bloodbath. As Bloomberg adds, at several points during those exchanges, bankers implored Hwang to buy himself breathing room by selling some stocks and raising cash to post collateral. But \"he wouldn’t budge.\"As a result, Morgan Stanley and Goldman promptly started dumping blocks of stock backing Archegos TRS in the open market. In doing so the started a margin call liquidation, in which those who sold first - like Goldman, Morgan Stanley and Deutsche - would avoid massive losses, while those who waited like Nomura and Credit Suisse...would not.Indeed, we already knew that Nomura, Japan’s largest investment bank, said its losses could hit $2Bn, while losses at Credit Suisse could be as large as $4Bn according to the FT.At this point, many questions popped up, especially (and belatedly) inside the banks themselves: as theFT reports, executives within the prime brokerage divisions of at least two banks \"are being quizzed by risk managers over why they offered a business as small as Archegos tens of billions of dollars of leverage on trades in volatile equities through swaps contracts,.\"As the FT further notes, echoing what we said above, while prime brokerage clients typically provide few details about their other trading activities, \"executives from at least two of the six banks are investigating whether Hwang deliberately misled them or withheld vital information about mirror positions he had built up at rival banks, according to people involved in the probes.\"Well, no: Archegos did not mislead anyone. He simply used (and abused) a system where - as we put it - one investor can create as much rehypothecated leverage as the investors' banks and Prime Brokers will allow him. In this case we know the number may have been as high as a mindblowing $90 billion.Naturally, had the banks known thatin a worst case scenario they would be facing other banks-since such replicated, or rather rehypothecated position would magnify the risks on each of the trades making a bank less likely to extend so much credit against them - none of this would have been possible. However, as long as everything was going up, and all of Archegos positions were pleasasntly surging nobody seemed to care... or bother to calculate just how big the downside risk was (one can thank the Fed Put for that).One final remarkable aspect of this whole story is that this is not Hwang's first crisis. In 2012 he submitted a guilty plea on behalf of his hedge fund to a charge of wire fraud, and he resolved related civil claims of insider trading without admitting or denying wrongdoing. Archegos is the family office he formed after winding down that firm, Tiger Asia Management.However, as if nothing had ever happened, prime brokerages immediately began lining up to help the new business. Morgan Stanley was among his early backers. Deutsche Bank signed him as a client at the urging of at least one senior executive, according to Bloomberg, \"who was unperturbed by the insider-trading taint and didn’t believe Hwang had done anything wrong, according to a person familiar with that decision.\" Ironically, just a few years later,Hwang did something wrong and it would prove to be the biggest hedge fund collapse in post-LTCM history.Not every bank acted like an idiot: one firm resisted the lure. Archegos approached JPMorgan sometime between 2016 and 2018 and was rebuffed, according to the Bloomberg report. At the time, JPMorgan was still revamping the equity prime-brokerage unit it had acquired with Bear Stearns during the 2008 financial crisis. \"Dumb luck or not, the bank dodged a bullet.\"The rest of the story is mostly known, so now what.Well, aswe first hintedand as Bloomberg reports, already regulators are dropping hints of new rules to come, with SEC officials signaling to banks that they intend to make trading disclosures from hedge funds a higher priority, while also finding ways to address risk and leverage.Senior finance executives acknowledge that a crackdown of some form, whether on borrowing or transparency or both, is inevitable.Amusingly, and picking up on the FT's reporting, Bloomberg also notes that while some of those firms have disclosed the financial impact of their roles in the Archegos collapse,none is willing to comment on how or why they enabled Hwang to become such a force in the market.After all what can they say: \"the other guys vetted him, so we assumed he was clean\"...There are also questions whether Hwang’s counterparties knew about his relationships with other banks and the scale of the leverage he was using for what appear to be concentrated positions in a handful of companies. And - more ominously - if they did not know anything about his exposure,why the hell not?As wereported on Tuesday, JPMorgan (which successfully managed to avoid this scandal completely) estimated that the Prime Brokers facing Archegos may end upabsorbing as much as $10 billion in combined losses.Already credit rating agencies have downgraded outlooks for Credit Suisse and Nomura, citing concerns over “the quality of risk management” while activist investors are demanding better governance and would not mind if senior execs were summarily fired over this episode to restore confidence.\"Risk controls still are not where they should be,\" David Herro, one of Credit Suisse’s biggest shareholders, said Wednesday in a Bloomberg TV interview. \"Hopefully, this is a wake-up call to expedite the cultural change that is needed in this company.\"But going back to Bloomberg's original point, for all their silence the prime-brokerage units of Nomura, Goldman Sachs, Morgan Stanley, Credit Suisse and others,had clues about what Archegos was doing.These firms knew about the trades they had financed, of course, and also had some visibility into his total borrowings. And yet they didn't bother to ask about what, if any, risk management was being implemented to avoid an uncontrolled unwind. Or rather,the questions emerged only after the margin call.What the Prime Brokers also didn't know is that Hwang was taking parallel positions at multiple firms, piling more leverage onto the same few stocks, which brings us back to ourrehypothecated leverageconcept which we are confident we will use much more in the coming months, especially since \"unwinding a series of large, leveraged bets placed by a single account is one thing; doing so when rival banks are liquidating the same positions held by the same client is quite another.\"Archegos' own \"Lehman moment\" came late on March 25 when Hwang’s prime brokers met again and discussed the possibility of standing down temporarily to let tensions ease, as we reported previously, but any attempt at solidarity proved short-lived: shortly after some PBs sent Archegos notices of default, clearing the way for Goldman and Morgan Stanley to dump Hwang's positions.“Hopefully this will cause the prime brokerages of regulated banking organizations (and their supervisors) to re-assess their relationships with highly leveraged hedge funds,” former FDIC chair Sheila Bair tweeted.She is, of course, wrong.In fact, if anything we expect Prime Brokers will make leverageeven easier to obtain for non-bank, hedge fund and family office clients, because the one big mistake Archegos (and its Prime Brokers) made was that it was not big and systemic enough to merit a Fed bailout. Now, if Archegos had a portfolio of $200 billion, $300 billion or more, while usingCitadel's 50x leverage,now we're talking \"size\"...size enough for the Fed to step in and make everyone whole on the back of taxpayers... the same way the Fed bailed out Citadel, Millennium and Point72 in September 2019 during the repo crisis (as bothZero Hedgeand subsequentlyBloomberg, explained).There is another reason nothing will change: hedge funds, Prime Brokers, banks - in fact the Fed itself - are all incentivized tonotlook at what skeletons may be found in the closet. Why? Because if the banks are forced to admit that there are more Archegos funds -and there are countless- Prime Brokers will have no choice but to sequester collateral from more clients, sparking more margin calls, leading to more stock liquidations, and resulting in even bigger investor panic. Call it a side effect of building castles on crooked foundations in an artificial, fake, Fed-supported market.Is another market panic what the Fed wants? Or what the Biden admin wants? Of course not.Which is why we will get a token Congressional hearing where politicians care more to hear themselves talk than listen to the answers, the banks will slap a few hands, one or two small sacrificial hedge funds will be shut down, and the world will move on, especially once Archegos is no longer on the front page of the financial media.It's also why when the next major hedge fund implosion does happen, it will be far more catastrophic.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1549,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340837016,"gmtCreate":1617369853635,"gmtModify":1704699252012,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558134964905294","idStr":"3558134964905294"},"themes":[],"htmlText":"Weird thing, whenever articles written about lesser than contemporary, investors will be deemed as fans/ cults. But when you go traditional, we will be titled investors. Why?","listText":"Weird thing, whenever articles written about lesser than contemporary, investors will be deemed as fans/ cults. But when you go traditional, we will be titled investors. Why?","text":"Weird thing, whenever articles written about lesser than contemporary, investors will be deemed as fans/ cults. But when you go traditional, we will be titled investors. Why?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340837016","repostId":"2124785673","repostType":2,"isVote":1,"tweetType":1,"viewCount":1046,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354910081,"gmtCreate":1617117521443,"gmtModify":1704696138636,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558134964905294","idStr":"3558134964905294"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ARKX\">$ARK Space Exploration & Innovation ETF(ARKX)$</a>lets go to the moon!!","listText":"<a href=\"https://laohu8.com/S/ARKX\">$ARK Space Exploration & Innovation ETF(ARKX)$</a>lets go to the moon!!","text":"$ARK Space Exploration & Innovation ETF(ARKX)$lets go to the moon!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/354910081","isVote":1,"tweetType":1,"viewCount":801,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359490275,"gmtCreate":1616418223897,"gmtModify":1704793788603,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558134964905294","idStr":"3558134964905294"},"themes":[],"htmlText":"Buy and hold for years!!Like and comment Ty!","listText":"Buy and hold for years!!Like and comment Ty!","text":"Buy and hold for years!!Like and comment Ty!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/359490275","repostId":"1197179279","repostType":4,"isVote":1,"tweetType":1,"viewCount":1038,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359407410,"gmtCreate":1616418186130,"gmtModify":1704793787789,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3558134964905294","idStr":"3558134964905294"},"themes":[],"htmlText":"Like and comment pls!!","listText":"Like and comment pls!!","text":"Like and comment pls!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/359407410","repostId":"2120420111","repostType":4,"repost":{"id":"2120420111","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1616415141,"share":"https://ttm.financial/m/news/2120420111?lang=en_US&edition=fundamental","pubTime":"2021-03-22 20:12","market":"us","language":"en","title":"Thinking About Buying Stock In Ford, Apple, Beyond Meat Or Starbucks?","url":"https://stock-news.laohu8.com/highlight/detail?id=2120420111","media":"Benzinga","summary":"One of the most common questions traders have about stocks is “Why Is It Moving?”\nThat’s why Benzing","content":"<p><img src=\"https://static.tigerbbs.com/7cdbb09cac44301f04fba8db0d4734c7\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p>\n<p>One of the most common questions traders have about stocks is “Why Is It Moving?”</p>\n<p>That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a <a href=\"https://laohu8.com/S/AONE\">one</a>-sentence description as to why that stock is moving.</p>\n<p>Here’s the latest analyst news and updates for Ford, Apple, Beyond Meat and Starbucks.</p>\n<p><b>Ford Motor Company</b> (NYSE: F) shares are trading higher after Barclays upgraded the stock from Equal-Weight to Overweight and raised its price target from $9 to $16 per share.</p>\n<p>A rumored <b>Apple Inc</b> (NASDAQ: AAPL) augmented reality headset will contain eye-tracking technology for user input, according to analyst Ming-Chi Kuo. The analyst who tracks the tech giant revealed the AR headset will come equipped with a transmitter and a receiver to track eye movements coupled with related physical information. <i>Read More</i></p>\n<p><b>Beyond Meat Inc</b> (NASDAQ: BYND) shares are trading higher after Stephens & Co initiated coverage on the stock with an Overweight rating and a price target of $190 per share.</p>\n<p><b>Starbucks Corporation</b> (NASDAQ: SBUX) shares are trading higher after Wedbush upgraded the stock from Neutral to Outperform and raised its price target from $108 to $124 per share.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Thinking About Buying Stock In Ford, Apple, Beyond Meat Or Starbucks?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThinking About Buying Stock In Ford, Apple, Beyond Meat Or Starbucks?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-03-22 20:12</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/7cdbb09cac44301f04fba8db0d4734c7\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p>\n<p>One of the most common questions traders have about stocks is “Why Is It Moving?”</p>\n<p>That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a <a href=\"https://laohu8.com/S/AONE\">one</a>-sentence description as to why that stock is moving.</p>\n<p>Here’s the latest analyst news and updates for Ford, Apple, Beyond Meat and Starbucks.</p>\n<p><b>Ford Motor Company</b> (NYSE: F) shares are trading higher after Barclays upgraded the stock from Equal-Weight to Overweight and raised its price target from $9 to $16 per share.</p>\n<p>A rumored <b>Apple Inc</b> (NASDAQ: AAPL) augmented reality headset will contain eye-tracking technology for user input, according to analyst Ming-Chi Kuo. The analyst who tracks the tech giant revealed the AR headset will come equipped with a transmitter and a receiver to track eye movements coupled with related physical information. <i>Read More</i></p>\n<p><b>Beyond Meat Inc</b> (NASDAQ: BYND) shares are trading higher after Stephens & Co initiated coverage on the stock with an Overweight rating and a price target of $190 per share.</p>\n<p><b>Starbucks Corporation</b> (NASDAQ: SBUX) shares are trading higher after Wedbush upgraded the stock from Neutral to Outperform and raised its price target from $108 to $124 per share.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","SBUX":"星巴克","BYND":"Beyond Meat, Inc.","F":"福特汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2120420111","content_text":"One of the most common questions traders have about stocks is “Why Is It Moving?”\nThat’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.\nHere’s the latest analyst news and updates for Ford, Apple, Beyond Meat and Starbucks.\nFord Motor Company (NYSE: F) shares are trading higher after Barclays upgraded the stock from Equal-Weight to Overweight and raised its price target from $9 to $16 per share.\nA rumored Apple Inc (NASDAQ: AAPL) augmented reality headset will contain eye-tracking technology for user input, according to analyst Ming-Chi Kuo. The analyst who tracks the tech giant revealed the AR headset will come equipped with a transmitter and a receiver to track eye movements coupled with related physical information. Read More\nBeyond Meat Inc (NASDAQ: BYND) shares are trading higher after Stephens & Co initiated coverage on the stock with an Overweight rating and a price target of $190 per share.\nStarbucks Corporation (NASDAQ: SBUX) shares are trading higher after Wedbush upgraded the stock from Neutral to Outperform and raised its price target from $108 to $124 per share.","news_type":1,"symbols_score_info":{"AAPL":0.9,"F":0.9,"BYND":0.9,"SBUX":0.9}},"isVote":1,"tweetType":1,"viewCount":1025,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":188408987,"gmtCreate":1623457349049,"gmtModify":1704204048616,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Like and comment I'll reply","listText":"Like and comment I'll reply","text":"Like and comment I'll reply","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/188408987","repostId":"2142204061","repostType":4,"repost":{"id":"2142204061","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623452400,"share":"https://ttm.financial/m/news/2142204061?lang=en_US&edition=fundamental","pubTime":"2021-06-12 07:00","market":"hk","language":"en","title":"Microsoft and American Airlines-backed flying taxi startup to go public in new $5 billion blank-check wave","url":"https://stock-news.laohu8.com/highlight/detail?id=2142204061","media":"Dow Jones","summary":"Vertical Aerospace and Signa Sports United both announced plans to go public via special-purpose acq","content":"<blockquote>\n Vertical Aerospace and Signa Sports United both announced plans to go public via special-purpose acquisition companies this week.\n</blockquote>\n<p>A developer of electric, flying taxis is set to go public in New York by merging with a blank-check, special-purpose acquisition company, or SPAC, as part of the latest wave of listings bringing more than $5 billion in enterprise value to the stock market.</p>\n<p>Vertical Aerospace announced on Thursday that it would merge with <a href=\"https://laohu8.com/S/BSN\">Broadstone Acquisition Corp</a> <a href=\"https://laohu8.com/S/BSN.AU\">$(BSN.AU)$</a>, bringing around $394 million in gross proceeds to the company as part of a move to become publicly listed on the New York Stock Exchange. Shares in Broadstone were trading 0.5% higher on Friday, after rising around 3.5% in the premarket.</p>\n<p>Based in Bristol, England, Vertical Aerospace was founded in 2016 by energy entrepreneur Stephen Fitzpatrick. The group develops electric vertical takeoff and landing aircraft -- fixed-wing planes that perform like helicopters -- for urban mobility solutions such as passenger taxis, medical evacuations, and carrying cargo.</p>\n<p>Its flagship low-noise, zero-emissions VA-X4 prototype will be able to carry five people more than 100 miles at a top speed of 202 miles an hour. Vertical Aerospace said it should be profitable and cash flow stable with annual sales of less than 100 aircraft.</p>\n<p>Microsoft's <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> venture capital arm, American Airlines <a href=\"https://laohu8.com/S/AAL\">$(AAL)$</a>, Honeywell <a href=\"https://laohu8.com/S/HON\">$(HON)$</a>, and Rolls-Royce were among those investing in the company through the private investment in public equity offering, or PIPE, the group said. The company said it had up to 1,000 aircraft preorders valued at up to $4 billion from American Airlines and aircraft leasing company Avolon, as well as a preorder option from Virgin Atlantic.</p>\n<p>The deal with Broadstone is expected to close in the second half of the year. It values the group and its parent SPAC at an enterprise value of $1.84 billion and equity value of $2.2 billion, based on the $10 per share price in the PIPE.</p>\n<p>Vertical Aerospace is <a href=\"https://laohu8.com/S/AONE\">one</a> of two European technology companies that this week announced plans to go public in New York via blank-check merger, in a new wave of investments amid the cooling down of the red-hot SPAC market of 2020-21 .</p>\n<p>German sports e-commerce platform Signa Sports United announced on Friday it would go public on the NYSE by merging with <a href=\"https://laohu8.com/S/YAC\">Yucaipa Acquisition Corp</a> (YAC). The group said the approximately $300 million PIPE investment was anchored by billionaire Ron Burkle, who leads Yucaipa and owns the Soho House chain of private members' clubs, as well as institutional investors and sovereign-wealth funds.</p>\n<p>The move is a bid from Signa to dominate in the sports e-commerce space, with expected net revenues of around $1.6 billion in the year to September 2021. Signa's deal with Yucaipa also includes the acquisition of Wiggle, a popular U.K. online bicycle brand. Wiggle is currently owned by private equity group Bridgepoint, which bought the brand a decade ago and is slated to receive shares in the new public company.</p>\n<p>Signa Sports United's transaction with Yucaipa is expected to close in the second half of 2021, and gives the new combined company an enterprise valuation of around $3.2 billion. So, between Vertical Aerospace and Signa, more than $5 billion in enterprise value is headed to the New York Stock Exchange this year from high-growth European companies.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft and American Airlines-backed flying taxi startup to go public in new $5 billion blank-check wave</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft and American Airlines-backed flying taxi startup to go public in new $5 billion blank-check wave\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-12 07:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n Vertical Aerospace and Signa Sports United both announced plans to go public via special-purpose acquisition companies this week.\n</blockquote>\n<p>A developer of electric, flying taxis is set to go public in New York by merging with a blank-check, special-purpose acquisition company, or SPAC, as part of the latest wave of listings bringing more than $5 billion in enterprise value to the stock market.</p>\n<p>Vertical Aerospace announced on Thursday that it would merge with <a href=\"https://laohu8.com/S/BSN\">Broadstone Acquisition Corp</a> <a href=\"https://laohu8.com/S/BSN.AU\">$(BSN.AU)$</a>, bringing around $394 million in gross proceeds to the company as part of a move to become publicly listed on the New York Stock Exchange. Shares in Broadstone were trading 0.5% higher on Friday, after rising around 3.5% in the premarket.</p>\n<p>Based in Bristol, England, Vertical Aerospace was founded in 2016 by energy entrepreneur Stephen Fitzpatrick. The group develops electric vertical takeoff and landing aircraft -- fixed-wing planes that perform like helicopters -- for urban mobility solutions such as passenger taxis, medical evacuations, and carrying cargo.</p>\n<p>Its flagship low-noise, zero-emissions VA-X4 prototype will be able to carry five people more than 100 miles at a top speed of 202 miles an hour. Vertical Aerospace said it should be profitable and cash flow stable with annual sales of less than 100 aircraft.</p>\n<p>Microsoft's <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> venture capital arm, American Airlines <a href=\"https://laohu8.com/S/AAL\">$(AAL)$</a>, Honeywell <a href=\"https://laohu8.com/S/HON\">$(HON)$</a>, and Rolls-Royce were among those investing in the company through the private investment in public equity offering, or PIPE, the group said. The company said it had up to 1,000 aircraft preorders valued at up to $4 billion from American Airlines and aircraft leasing company Avolon, as well as a preorder option from Virgin Atlantic.</p>\n<p>The deal with Broadstone is expected to close in the second half of the year. It values the group and its parent SPAC at an enterprise value of $1.84 billion and equity value of $2.2 billion, based on the $10 per share price in the PIPE.</p>\n<p>Vertical Aerospace is <a href=\"https://laohu8.com/S/AONE\">one</a> of two European technology companies that this week announced plans to go public in New York via blank-check merger, in a new wave of investments amid the cooling down of the red-hot SPAC market of 2020-21 .</p>\n<p>German sports e-commerce platform Signa Sports United announced on Friday it would go public on the NYSE by merging with <a href=\"https://laohu8.com/S/YAC\">Yucaipa Acquisition Corp</a> (YAC). The group said the approximately $300 million PIPE investment was anchored by billionaire Ron Burkle, who leads Yucaipa and owns the Soho House chain of private members' clubs, as well as institutional investors and sovereign-wealth funds.</p>\n<p>The move is a bid from Signa to dominate in the sports e-commerce space, with expected net revenues of around $1.6 billion in the year to September 2021. Signa's deal with Yucaipa also includes the acquisition of Wiggle, a popular U.K. online bicycle brand. Wiggle is currently owned by private equity group Bridgepoint, which bought the brand a decade ago and is slated to receive shares in the new public company.</p>\n<p>Signa Sports United's transaction with Yucaipa is expected to close in the second half of 2021, and gives the new combined company an enterprise valuation of around $3.2 billion. So, between Vertical Aerospace and Signa, more than $5 billion in enterprise value is headed to the New York Stock Exchange this year from high-growth European companies.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","RYCEY":"Rolls Royce Holdings plc","09086":"华夏纳指-U","03086":"华夏纳指","HON":"霍尼韦尔","AFG":"美国金融集团有限公司","AAL":"美国航空"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142204061","content_text":"Vertical Aerospace and Signa Sports United both announced plans to go public via special-purpose acquisition companies this week.\n\nA developer of electric, flying taxis is set to go public in New York by merging with a blank-check, special-purpose acquisition company, or SPAC, as part of the latest wave of listings bringing more than $5 billion in enterprise value to the stock market.\nVertical Aerospace announced on Thursday that it would merge with Broadstone Acquisition Corp $(BSN.AU)$, bringing around $394 million in gross proceeds to the company as part of a move to become publicly listed on the New York Stock Exchange. Shares in Broadstone were trading 0.5% higher on Friday, after rising around 3.5% in the premarket.\nBased in Bristol, England, Vertical Aerospace was founded in 2016 by energy entrepreneur Stephen Fitzpatrick. The group develops electric vertical takeoff and landing aircraft -- fixed-wing planes that perform like helicopters -- for urban mobility solutions such as passenger taxis, medical evacuations, and carrying cargo.\nIts flagship low-noise, zero-emissions VA-X4 prototype will be able to carry five people more than 100 miles at a top speed of 202 miles an hour. Vertical Aerospace said it should be profitable and cash flow stable with annual sales of less than 100 aircraft.\nMicrosoft's $(MSFT)$ venture capital arm, American Airlines $(AAL)$, Honeywell $(HON)$, and Rolls-Royce were among those investing in the company through the private investment in public equity offering, or PIPE, the group said. The company said it had up to 1,000 aircraft preorders valued at up to $4 billion from American Airlines and aircraft leasing company Avolon, as well as a preorder option from Virgin Atlantic.\nThe deal with Broadstone is expected to close in the second half of the year. It values the group and its parent SPAC at an enterprise value of $1.84 billion and equity value of $2.2 billion, based on the $10 per share price in the PIPE.\nVertical Aerospace is one of two European technology companies that this week announced plans to go public in New York via blank-check merger, in a new wave of investments amid the cooling down of the red-hot SPAC market of 2020-21 .\nGerman sports e-commerce platform Signa Sports United announced on Friday it would go public on the NYSE by merging with Yucaipa Acquisition Corp (YAC). The group said the approximately $300 million PIPE investment was anchored by billionaire Ron Burkle, who leads Yucaipa and owns the Soho House chain of private members' clubs, as well as institutional investors and sovereign-wealth funds.\nThe move is a bid from Signa to dominate in the sports e-commerce space, with expected net revenues of around $1.6 billion in the year to September 2021. Signa's deal with Yucaipa also includes the acquisition of Wiggle, a popular U.K. online bicycle brand. Wiggle is currently owned by private equity group Bridgepoint, which bought the brand a decade ago and is slated to receive shares in the new public company.\nSigna Sports United's transaction with Yucaipa is expected to close in the second half of 2021, and gives the new combined company an enterprise valuation of around $3.2 billion. So, between Vertical Aerospace and Signa, more than $5 billion in enterprise value is headed to the New York Stock Exchange this year from high-growth European companies.","news_type":1,"symbols_score_info":{"RYCEY":0.9,"09086":0.9,"MSFT":0.9,"YAC":0.9,"HON":0.9,"AAL":0.9,"AFG":0.9,"03086":0.9,"AMSWA":0.9}},"isVote":1,"tweetType":1,"viewCount":2483,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125918874,"gmtCreate":1624640734898,"gmtModify":1703842651258,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/125918874","repostId":"2146023165","repostType":4,"isVote":1,"tweetType":1,"viewCount":2863,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349590050,"gmtCreate":1617622207870,"gmtModify":1704700959496,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Like and comments!","listText":"Like and comments!","text":"Like and comments!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/349590050","repostId":"1113410999","repostType":4,"isVote":1,"tweetType":1,"viewCount":3065,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3578877444948553","authorId":"3578877444948553","name":"ALDX","avatar":"https://static.tigerbbs.com/1c30b3322520635b1f24c04407d5574c","crmLevel":11,"crmLevelSwitch":0,"idStr":"3578877444948553","authorIdStr":"3578877444948553"},"content":"Done pls do the same for me","text":"Done pls do the same for me","html":"Done pls do the same for me"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":485228179235208,"gmtCreate":1759494437543,"gmtModify":1759494441515,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"wow! i got a TSLA Mooncake bless! <a href=\"https://ttm.financial/U/3562383965041634\"> @Quilius </a> come get your mooncake!","listText":"wow! i got a TSLA Mooncake bless! <a href=\"https://ttm.financial/U/3562383965041634\"> @Quilius </a> come get your mooncake!","text":"wow! i got a TSLA Mooncake bless! @Quilius come get your mooncake!","images":[{"img":"https://community-static.tradeup.com/news/94daf6b91a91f98a2ea330fdd1d8aa6a"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/485228179235208","isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":161976744,"gmtCreate":1623903073888,"gmtModify":1703823101846,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Leaving comment","listText":"Leaving comment","text":"Leaving comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/161976744","repostId":"2143379379","repostType":4,"isVote":1,"tweetType":1,"viewCount":2761,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345328980,"gmtCreate":1618280517040,"gmtModify":1704708524693,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>down more so we can load more","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>down more so we can load more","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$down more so we can load more","images":[{"img":"https://static.tigerbbs.com/fd7039135f51621058bca90c2953b3d9","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/345328980","isVote":1,"tweetType":1,"viewCount":2462,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":484347447324792,"gmtCreate":1759241431572,"gmtModify":1759277570463,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"How the hell did it fell from 2819$ to 8$ wth?","listText":"How the hell did it fell from 2819$ to 8$ wth?","text":"How the hell did it fell from 2819$ to 8$ wth?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/484347447324792","repostId":"2571344198","repostType":2,"isVote":1,"tweetType":1,"viewCount":652,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343615668,"gmtCreate":1617712760954,"gmtModify":1704702086549,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Powell speaking every week!! Like pls","listText":"Powell speaking every week!! Like pls","text":"Powell speaking every week!! Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343615668","repostId":"2125757547","repostType":4,"isVote":1,"tweetType":1,"viewCount":1831,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":482085744808408,"gmtCreate":1758727297104,"gmtModify":1758727300338,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/INTC\">$Intel(INTC)$ </a> if you have intelligence you would steer clear of this lol","listText":"<a href=\"https://ttm.financial/S/INTC\">$Intel(INTC)$ </a> if you have intelligence you would steer clear of this lol","text":"$Intel(INTC)$ if you have intelligence you would steer clear of this lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/482085744808408","isVote":1,"tweetType":1,"viewCount":653,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":407462680653968,"gmtCreate":1740496351913,"gmtModify":1740496355835,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Good good keep it going we need to go touch the baseline of 200ema again","listText":"Good good keep it going we need to go touch the baseline of 200ema again","text":"Good good keep it going we need to go touch the baseline of 200ema again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/407462680653968","repostId":"1106251226","repostType":2,"isVote":1,"tweetType":1,"viewCount":1233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125284199,"gmtCreate":1624675489911,"gmtModify":1703843383609,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Let's go Tesla!! Time to wake up!!","listText":"Let's go Tesla!! Time to wake up!!","text":"Let's go Tesla!! Time to wake up!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/125284199","repostId":"1100072036","repostType":4,"isVote":1,"tweetType":1,"viewCount":2966,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129526903,"gmtCreate":1624378193502,"gmtModify":1703835049557,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"What happen to the bitcoin hodler","listText":"What happen to the bitcoin hodler","text":"What happen to the bitcoin hodler","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129526903","repostId":"1190428306","repostType":4,"isVote":1,"tweetType":1,"viewCount":2185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350318340,"gmtCreate":1616159910480,"gmtModify":1704791680987,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Mehh~ just go to trading view to check the yield 10 years back ticker \"US 10Y\" and you'll see this is all MM trying to stir the market again...Give me a like and comment if you agree!!","listText":"Mehh~ just go to trading view to check the yield 10 years back ticker \"US 10Y\" and you'll see this is all MM trying to stir the market again...Give me a like and comment if you agree!!","text":"Mehh~ just go to trading view to check the yield 10 years back ticker \"US 10Y\" and you'll see this is all MM trying to stir the market again...Give me a like and comment if you agree!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350318340","repostId":"1133934997","repostType":4,"isVote":1,"tweetType":1,"viewCount":985,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":485228281131488,"gmtCreate":1759494393305,"gmtModify":1759494397652,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Got a tesla stock <a href=\"https://ttm.financial/U/3562383965041634\">@Quilius </a> come get your mooncake!!","listText":"Got a tesla stock <a href=\"https://ttm.financial/U/3562383965041634\">@Quilius </a> come get your mooncake!!","text":"Got a tesla stock @Quilius come get your mooncake!!","images":[{"img":"https://community-static.tradeup.com/news/a105167b1d00083470a25e4cb17cfc32","width":"1440","height":"3551"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/485228281131488","isVote":1,"tweetType":1,"viewCount":358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":482085577294200,"gmtCreate":1758727255953,"gmtModify":1758727258147,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$ </a> ","listText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$ </a> ","text":"$Palantir Technologies Inc.(PLTR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/482085577294200","isVote":1,"tweetType":1,"viewCount":484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":479096451178912,"gmtCreate":1757987466993,"gmtModify":1757987745704,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Webtoons going to start creating LGBT comics? Lets goooo 🤣","listText":"Webtoons going to start creating LGBT comics? Lets goooo 🤣","text":"Webtoons going to start creating LGBT comics? Lets goooo 🤣","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/479096451178912","repostId":"2567014777","repostType":2,"isVote":1,"tweetType":1,"viewCount":620,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349325306,"gmtCreate":1617548938305,"gmtModify":1704700365886,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Let's goooo like and comment here pls!!!","listText":"Let's goooo like and comment here pls!!!","text":"Let's goooo like and comment here pls!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/349325306","repostId":"1180941072","repostType":4,"repost":{"id":"1180941072","kind":"news","pubTimestamp":1617347526,"share":"https://ttm.financial/m/news/1180941072?lang=en_US&edition=fundamental","pubTime":"2021-04-02 15:12","market":"us","language":"en","title":"Rehypothecated Leverage: How Archegos Built A $100 Billion Portfolio Out Of Thin Air... And Then Blew Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1180941072","media":"zerohedge","summary":"One week after the biggest, and most spectacular hedge fund collapse since LTCM, we now have an (alm","content":"<p>One week after the biggest, and most spectacular hedge fund collapse since LTCM, we now have an (almost) clear picture of how Bill Hwang’s Archegos family office managed to single-handedly make a boring media stock the best performing company of 2021, but then when its luck suddenly ended it was margin called into extinction, leading to billions in losses for the banks that enabled what Bloomberg has dubbed its<i>\"leveraged blowout.\"</i></p><p>Thanks to detailed reports by theFinancial TimesandBloomberg, we now have the missing pieces to complete the picture of the biggest hedge fund implosion of the 21st century.</p><p>As a reminder, and as wepreviously discussed, we already knew<i><b>how</b></i>Archegos was building up stakes in its various holdings: unlike most other investors, the fund never actually owned the underlying stock or even calls on the stock, but rather transacted by purchasing equity swaps known as Total Return Swaps (TRS) or Certificates For Difference (CFD). Similar to Credit Default Swaps, TRS exposed Archegos to the daily variation margin on the underlying stock, and as such while the fund would benefit economically from increases in the underlying stock price (and, inversely, would be hit by price drops forcing it to put up more cash as margin any day the stock price dropped) it would<i><b>never be the actual owner of record</b></i>of the underlying stock. Instead, the stock that Archegos was long would be \"owned\" by its prime broker, the same entity that allowed it to enter into TRS in the first place. As such<b>Archegos also never had any disclosure requirements</b>, allowing it to transact completely in the dark while being fully compliant with SEC disclosure requirements -<i>since it didn't own the underlying stock, Archegos did not have to disclose it.</i><b>Simple and brilliant.</b></p><p>This part is important because the lack of a documented trail of ownership to Archegos is what enabled the entire Ponzi bezzle... and the staggering leverage the fund applied to its portfolio. Furthermore, well aware that there was almost no way to verify just how much of a given stock he owned, Hwang proceeded to have nearly identical positions with not one, not two but at least<i><b>eight</b></i>prime brokers (the final number is still being determined as more and more come out of the woodwork).</p><p>Not that Archegos prime brokers were completely clueless as to what was going on.</p><p>As Bloomberg reports, while much of the investing world watched in stunned silence how an \"old media\" company - ViacomCBS - shot up almost 300% in weeks, becoming the best performing stock in the S&P500 and prompting investors to speculate that the stock was was either undervalued,<i><b>or</b></i>like GameStop,<i><b>or</b></i>a takeover target, a handful of execs at Wall Street's top trading firms were aware of what was behind the move: it was Archegos Capital Management, who was building a massive position in ViacomCBS and a handful of other stocks...<b>using leverage the same banks so generously offered with stock which the banks themselves technically owned!</b></p><p><img src=\"https://static.tigerbbs.com/b2673e53795d60481c007d7f7d30c147\" tg-width=\"500\" tg-height=\"293\" referrerpolicy=\"no-referrer\">But while banks around the world - from<i>Goldman, Morgan Stanley and Wells in the US, to Credit Susse, UBS and Deutsche Bank in Europe, to Nomura and Mitsubishi UFJ in Japan</i>- kept giving Hwang the leverage he needed to acquire more and more of the stock, until he became the biggest<i><b>economic</b></i>if not<i><b>registered</b></i>owner of Viacom, what they did<i>not</i>know - thanks to the was Total Return Swaps are structured - was the full extent of his wagers. Which were massive:<i>he stealthily amassed $10 billion of Viacom</i>.</p><p>Viacom was just one of many: using even more TRS and even more leverage across even more Prime Brokers, Archegos was able to place colossal wagers while avoiding the disclosures required of most investors. And so<b>\"almost invisibly\" Hwang accumulated a portfolio which according to Bloomberg sources was as much as</b><b><u>$100 billion</u></b><b>!</b></p><p>Eventually, Archegos built positions in at least nine stocks that were big enough to rank him among the largest holders, fueled by a level of bank leverage that would have been unusual even for a hedge fund.</p><p>While we previously discussed the leverage aspect of Archegos strategy, here it is again: with Bill Hwuang managing approximately $10BN in assets under management, the multiple Total Return Swaps with unwitting prime brokers allowed the fund to build up a staggering $100 billion in positions, implying a huge 10x leverage. This is the kind of leverage one associated with the likes of financial titans likeCitadel and Millennium, not a smallish family office which has zero downside protection (as we would eventually learn).</p><p><img src=\"https://static.tigerbbs.com/e3436444c8e02081d1822cb0823fc1f1\" tg-width=\"500\" tg-height=\"285\" referrerpolicy=\"no-referrer\">What is amazing about this unilateral Ponzi scheme is that it relied on what we have dubbed<i><b>rehypothecated leverage</b></i>: the fund<i>never even owned the underlying stock which was layered with billions in generous Prime Broker debt</i>, but it was Archegos' Prime Brokers who not only would own the actual stock<b>but would also allow Hwang to add tens of billions in leverage... on an asset that they owned!</b></p><p>What is also remarkable is that Archegos' ponzi scheme could have continued indefinitely if only Viacom stock had i) continue to rise or ii) avoided a crash. After all, having ignited the initial upward moment, Archegos had effectively forced benchmark-tracking investors, exchange-traded funds, CTAs and other momentum investors to buy as well.</p><p>Sadly for Hwang (and his Primer Brokers) the upward momentum ended with a bang last Monday, when with its shares trading at $100, Viacom announced a $3BN stock sale, which hammered the stock, followed by a round of analyst downgrades, which sent the stock tumbling. It was at this point that Archegos was now facing tens of billions in margin calls on its VIACA Total Return Swaps from its Prime Brokers.</p><p><img src=\"https://static.tigerbbs.com/0543d0f74cfb9ce4e0ca6662b0f012a7\" tg-width=\"500\" tg-height=\"293\" referrerpolicy=\"no-referrer\">And therein lies the rub, because when the time came to unwind the Archegos Ponzi, the Prime Brokers' counterparty was not Archegos but other Prime Brokers. This is what led to the infamous meeting late last Thursday, where a bunch of PBs tried to reach an amicable resolution ahead of Friday's bloodbath. As Bloomberg adds, at several points during those exchanges, bankers implored Hwang to buy himself breathing room by selling some stocks and raising cash to post collateral. But \"he wouldn’t budge.\"</p><p>As a result, Morgan Stanley and Goldman promptly started dumping blocks of stock backing Archegos TRS in the open market. In doing so the started a margin call liquidation, in which those who sold first - like Goldman, Morgan Stanley and Deutsche - would avoid massive losses, while those who waited like Nomura and Credit Suisse...<i>would not.</i>Indeed, we already knew that Nomura, Japan’s largest investment bank, said its losses could hit $2Bn, while losses at Credit Suisse could be as large as $4Bn according to the FT.</p><p>At this point, many questions popped up, especially (and belatedly) inside the banks themselves: as theFT reports, executives within the prime brokerage divisions of at least two banks \"<b>are being quizzed by risk managers over why they offered a business as small as Archegos tens of billions of dollars of leverage on trades in volatile equities through swaps contracts,</b>.\"</p><p>As the FT further notes, echoing what we said above, while prime brokerage clients typically provide few details about their other trading activities, \"executives from at least two of the six banks are investigating whether Hwang deliberately misled them or withheld vital information about mirror positions he had built up at rival banks, according to people involved in the probes.\"</p><p>Well, no: Archegos did not mislead anyone. He simply used (and abused) a system where - as we put it - one investor can create as much rehypothecated leverage as the investors' banks and Prime Brokers will allow him. In this case we know the number may have been as high as a mindblowing $90 billion.</p><p>Naturally, had the banks known that<i><b>in a worst case scenario they would be facing other banks-</b></i>since such replicated, or rather rehypothecated position would magnify the risks on each of the trades making a bank less likely to extend so much credit against them - none of this would have been possible. However, as long as everything was going up, and all of Archegos positions were pleasasntly surging nobody seemed to care... or bother to calculate just how big the downside risk was (one can thank the Fed Put for that).</p><p>One final remarkable aspect of this whole story is that this is not Hwang's first crisis. In 2012 he submitted a guilty plea on behalf of his hedge fund to a charge of wire fraud, and he resolved related civil claims of insider trading without admitting or denying wrongdoing. Archegos is the family office he formed after winding down that firm, Tiger Asia Management.</p><p>However, as if nothing had ever happened, prime brokerages immediately began lining up to help the new business. Morgan Stanley was among his early backers. Deutsche Bank signed him as a client at the urging of at least one senior executive, according to Bloomberg, \"who was unperturbed by the insider-trading taint and didn’t believe Hwang had done anything wrong, according to a person familiar with that decision.\" Ironically, just a few years later,<b>Hwang did something wrong and it would prove to be the biggest hedge fund collapse in post-LTCM history.</b></p><p>Not every bank acted like an idiot: one firm resisted the lure. Archegos approached JPMorgan sometime between 2016 and 2018 and was rebuffed, according to the Bloomberg report. At the time, JPMorgan was still revamping the equity prime-brokerage unit it had acquired with Bear Stearns during the 2008 financial crisis. \"Dumb luck or not, the bank dodged a bullet.\"</p><p>The rest of the story is mostly known, so now what.</p><p>Well, aswe first hintedand as Bloomberg reports, already regulators are dropping hints of new rules to come, with SEC officials signaling to banks that they intend to make trading disclosures from hedge funds a higher priority, while also finding ways to address risk and leverage.</p><blockquote><i>Senior finance executives acknowledge that a crackdown of some form, whether on borrowing or transparency or both, is inevitable.</i></blockquote><p>Amusingly, and picking up on the FT's reporting, Bloomberg also notes that while some of those firms have disclosed the financial impact of their roles in the Archegos collapse,<b>none is willing to comment on how or why they enabled Hwang to become such a force in the market.</b>After all what can they say: \"the other guys vetted him, so we assumed he was clean\"...</p><p>There are also questions whether Hwang’s counterparties knew about his relationships with other banks and the scale of the leverage he was using for what appear to be concentrated positions in a handful of companies. And - more ominously - if they did not know anything about his exposure,<b>why the hell not?</b>As wereported on Tuesday, JPMorgan (which successfully managed to avoid this scandal completely) estimated that the Prime Brokers facing Archegos may end up<b>absorbing as much as $10 billion in combined losses.</b></p><p>Already credit rating agencies have downgraded outlooks for Credit Suisse and Nomura, citing concerns over “the quality of risk management” while activist investors are demanding better governance and would not mind if senior execs were summarily fired over this episode to restore confidence.</p><p>\"Risk controls still are not where they should be,\" David Herro, one of Credit Suisse’s biggest shareholders, said Wednesday in a Bloomberg TV interview. \"Hopefully, this is a wake-up call to expedite the cultural change that is needed in this company.\"</p><p>But going back to Bloomberg's original point, for all their silence the prime-brokerage units of Nomura, Goldman Sachs, Morgan Stanley, Credit Suisse and others,<b>had clues about what Archegos was doing.</b>These firms knew about the trades they had financed, of course, and also had some visibility into his total borrowings. And yet they didn't bother to ask about what, if any, risk management was being implemented to avoid an uncontrolled unwind. Or rather,<i><b>the questions emerged only after the margin call.</b></i></p><p>What the Prime Brokers also didn't know is that Hwang was taking parallel positions at multiple firms, piling more leverage onto the same few stocks, which brings us back to our<i><b>rehypothecated leverage</b></i>concept which we are confident we will use much more in the coming months, especially since \"unwinding a series of large, leveraged bets placed by a single account is one thing; doing so when rival banks are liquidating the same positions held by the same client is quite another.\"</p><p>Archegos' own \"Lehman moment\" came late on March 25 when Hwang’s prime brokers met again and discussed the possibility of standing down temporarily to let tensions ease, as we reported previously, but any attempt at solidarity proved short-lived: shortly after some PBs sent Archegos notices of default, clearing the way for Goldman and Morgan Stanley to dump Hwang's positions.</p><p>“Hopefully this will cause the prime brokerages of regulated banking organizations (and their supervisors) to re-assess their relationships with highly leveraged hedge funds,” former FDIC chair Sheila Bair tweeted.</p><p><img src=\"https://static.tigerbbs.com/b70d4570bcc92554dba7f9d5db168422\" tg-width=\"470\" tg-height=\"335\" referrerpolicy=\"no-referrer\">She is, of course, wrong.</p><p>In fact, if anything we expect Prime Brokers will make leverage<i>even easier to obtain for non-bank, hedge fund and family office clients</i>, because the one big mistake Archegos (and its Prime Brokers) made was that it was not big and systemic enough to merit a Fed bailout. Now, if Archegos had a portfolio of $200 billion, $300 billion or more, while usingCitadel's 50x leverage,<b>now we're talking \"size\"...</b>size enough for the Fed to step in and make everyone whole on the back of taxpayers... the same way the Fed bailed out Citadel, Millennium and Point72 in September 2019 during the repo crisis (as bothZero Hedgeand subsequentlyBloomberg, explained).</p><p>There is another reason nothing will change: hedge funds, Prime Brokers, banks - in fact the Fed itself - are all incentivized to<i><u><b>not</b></u></i>look at what skeletons may be found in the closet. Why? Because if the banks are forced to admit that there are more Archegos funds -<i><u><b>and there are countless</b></u></i>- Prime Brokers will have no choice but to sequester collateral from more clients, sparking more margin calls, leading to more stock liquidations, and resulting in even bigger investor panic. Call it a side effect of building castles on crooked foundations in an artificial, fake, Fed-supported market.</p><p>Is another market panic what the Fed wants? Or what the Biden admin wants? Of course not.</p><p>Which is why we will get a token Congressional hearing where politicians care more to hear themselves talk than listen to the answers, the banks will slap a few hands, one or two small sacrificial hedge funds will be shut down, and the world will move on, especially once Archegos is no longer on the front page of the financial media.</p><p>It's also why when the next major hedge fund implosion does happen, it will be far more catastrophic.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rehypothecated Leverage: How Archegos Built A $100 Billion Portfolio Out Of Thin Air... And Then Blew Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRehypothecated Leverage: How Archegos Built A $100 Billion Portfolio Out Of Thin Air... And Then Blew Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 15:12 GMT+8 <a href=https://www.zerohedge.com/markets/rehypothecated-leverage-how-archegos-built-100-billion-portfolio-out-thin-air-and-then-blew><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>One week after the biggest, and most spectacular hedge fund collapse since LTCM, we now have an (almost) clear picture of how Bill Hwang’s Archegos family office managed to single-handedly make a ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/rehypothecated-leverage-how-archegos-built-100-billion-portfolio-out-thin-air-and-then-blew\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/rehypothecated-leverage-how-archegos-built-100-billion-portfolio-out-thin-air-and-then-blew","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180941072","content_text":"One week after the biggest, and most spectacular hedge fund collapse since LTCM, we now have an (almost) clear picture of how Bill Hwang’s Archegos family office managed to single-handedly make a boring media stock the best performing company of 2021, but then when its luck suddenly ended it was margin called into extinction, leading to billions in losses for the banks that enabled what Bloomberg has dubbed its\"leveraged blowout.\"Thanks to detailed reports by theFinancial TimesandBloomberg, we now have the missing pieces to complete the picture of the biggest hedge fund implosion of the 21st century.As a reminder, and as wepreviously discussed, we already knewhowArchegos was building up stakes in its various holdings: unlike most other investors, the fund never actually owned the underlying stock or even calls on the stock, but rather transacted by purchasing equity swaps known as Total Return Swaps (TRS) or Certificates For Difference (CFD). Similar to Credit Default Swaps, TRS exposed Archegos to the daily variation margin on the underlying stock, and as such while the fund would benefit economically from increases in the underlying stock price (and, inversely, would be hit by price drops forcing it to put up more cash as margin any day the stock price dropped) it wouldnever be the actual owner of recordof the underlying stock. Instead, the stock that Archegos was long would be \"owned\" by its prime broker, the same entity that allowed it to enter into TRS in the first place. As suchArchegos also never had any disclosure requirements, allowing it to transact completely in the dark while being fully compliant with SEC disclosure requirements -since it didn't own the underlying stock, Archegos did not have to disclose it.Simple and brilliant.This part is important because the lack of a documented trail of ownership to Archegos is what enabled the entire Ponzi bezzle... and the staggering leverage the fund applied to its portfolio. Furthermore, well aware that there was almost no way to verify just how much of a given stock he owned, Hwang proceeded to have nearly identical positions with not one, not two but at leasteightprime brokers (the final number is still being determined as more and more come out of the woodwork).Not that Archegos prime brokers were completely clueless as to what was going on.As Bloomberg reports, while much of the investing world watched in stunned silence how an \"old media\" company - ViacomCBS - shot up almost 300% in weeks, becoming the best performing stock in the S&P500 and prompting investors to speculate that the stock was was either undervalued,orlike GameStop,ora takeover target, a handful of execs at Wall Street's top trading firms were aware of what was behind the move: it was Archegos Capital Management, who was building a massive position in ViacomCBS and a handful of other stocks...using leverage the same banks so generously offered with stock which the banks themselves technically owned!But while banks around the world - fromGoldman, Morgan Stanley and Wells in the US, to Credit Susse, UBS and Deutsche Bank in Europe, to Nomura and Mitsubishi UFJ in Japan- kept giving Hwang the leverage he needed to acquire more and more of the stock, until he became the biggesteconomicif notregisteredowner of Viacom, what they didnotknow - thanks to the was Total Return Swaps are structured - was the full extent of his wagers. Which were massive:he stealthily amassed $10 billion of Viacom.Viacom was just one of many: using even more TRS and even more leverage across even more Prime Brokers, Archegos was able to place colossal wagers while avoiding the disclosures required of most investors. And so\"almost invisibly\" Hwang accumulated a portfolio which according to Bloomberg sources was as much as$100 billion!Eventually, Archegos built positions in at least nine stocks that were big enough to rank him among the largest holders, fueled by a level of bank leverage that would have been unusual even for a hedge fund.While we previously discussed the leverage aspect of Archegos strategy, here it is again: with Bill Hwuang managing approximately $10BN in assets under management, the multiple Total Return Swaps with unwitting prime brokers allowed the fund to build up a staggering $100 billion in positions, implying a huge 10x leverage. This is the kind of leverage one associated with the likes of financial titans likeCitadel and Millennium, not a smallish family office which has zero downside protection (as we would eventually learn).What is amazing about this unilateral Ponzi scheme is that it relied on what we have dubbedrehypothecated leverage: the fundnever even owned the underlying stock which was layered with billions in generous Prime Broker debt, but it was Archegos' Prime Brokers who not only would own the actual stockbut would also allow Hwang to add tens of billions in leverage... on an asset that they owned!What is also remarkable is that Archegos' ponzi scheme could have continued indefinitely if only Viacom stock had i) continue to rise or ii) avoided a crash. After all, having ignited the initial upward moment, Archegos had effectively forced benchmark-tracking investors, exchange-traded funds, CTAs and other momentum investors to buy as well.Sadly for Hwang (and his Primer Brokers) the upward momentum ended with a bang last Monday, when with its shares trading at $100, Viacom announced a $3BN stock sale, which hammered the stock, followed by a round of analyst downgrades, which sent the stock tumbling. It was at this point that Archegos was now facing tens of billions in margin calls on its VIACA Total Return Swaps from its Prime Brokers.And therein lies the rub, because when the time came to unwind the Archegos Ponzi, the Prime Brokers' counterparty was not Archegos but other Prime Brokers. This is what led to the infamous meeting late last Thursday, where a bunch of PBs tried to reach an amicable resolution ahead of Friday's bloodbath. As Bloomberg adds, at several points during those exchanges, bankers implored Hwang to buy himself breathing room by selling some stocks and raising cash to post collateral. But \"he wouldn’t budge.\"As a result, Morgan Stanley and Goldman promptly started dumping blocks of stock backing Archegos TRS in the open market. In doing so the started a margin call liquidation, in which those who sold first - like Goldman, Morgan Stanley and Deutsche - would avoid massive losses, while those who waited like Nomura and Credit Suisse...would not.Indeed, we already knew that Nomura, Japan’s largest investment bank, said its losses could hit $2Bn, while losses at Credit Suisse could be as large as $4Bn according to the FT.At this point, many questions popped up, especially (and belatedly) inside the banks themselves: as theFT reports, executives within the prime brokerage divisions of at least two banks \"are being quizzed by risk managers over why they offered a business as small as Archegos tens of billions of dollars of leverage on trades in volatile equities through swaps contracts,.\"As the FT further notes, echoing what we said above, while prime brokerage clients typically provide few details about their other trading activities, \"executives from at least two of the six banks are investigating whether Hwang deliberately misled them or withheld vital information about mirror positions he had built up at rival banks, according to people involved in the probes.\"Well, no: Archegos did not mislead anyone. He simply used (and abused) a system where - as we put it - one investor can create as much rehypothecated leverage as the investors' banks and Prime Brokers will allow him. In this case we know the number may have been as high as a mindblowing $90 billion.Naturally, had the banks known thatin a worst case scenario they would be facing other banks-since such replicated, or rather rehypothecated position would magnify the risks on each of the trades making a bank less likely to extend so much credit against them - none of this would have been possible. However, as long as everything was going up, and all of Archegos positions were pleasasntly surging nobody seemed to care... or bother to calculate just how big the downside risk was (one can thank the Fed Put for that).One final remarkable aspect of this whole story is that this is not Hwang's first crisis. In 2012 he submitted a guilty plea on behalf of his hedge fund to a charge of wire fraud, and he resolved related civil claims of insider trading without admitting or denying wrongdoing. Archegos is the family office he formed after winding down that firm, Tiger Asia Management.However, as if nothing had ever happened, prime brokerages immediately began lining up to help the new business. Morgan Stanley was among his early backers. Deutsche Bank signed him as a client at the urging of at least one senior executive, according to Bloomberg, \"who was unperturbed by the insider-trading taint and didn’t believe Hwang had done anything wrong, according to a person familiar with that decision.\" Ironically, just a few years later,Hwang did something wrong and it would prove to be the biggest hedge fund collapse in post-LTCM history.Not every bank acted like an idiot: one firm resisted the lure. Archegos approached JPMorgan sometime between 2016 and 2018 and was rebuffed, according to the Bloomberg report. At the time, JPMorgan was still revamping the equity prime-brokerage unit it had acquired with Bear Stearns during the 2008 financial crisis. \"Dumb luck or not, the bank dodged a bullet.\"The rest of the story is mostly known, so now what.Well, aswe first hintedand as Bloomberg reports, already regulators are dropping hints of new rules to come, with SEC officials signaling to banks that they intend to make trading disclosures from hedge funds a higher priority, while also finding ways to address risk and leverage.Senior finance executives acknowledge that a crackdown of some form, whether on borrowing or transparency or both, is inevitable.Amusingly, and picking up on the FT's reporting, Bloomberg also notes that while some of those firms have disclosed the financial impact of their roles in the Archegos collapse,none is willing to comment on how or why they enabled Hwang to become such a force in the market.After all what can they say: \"the other guys vetted him, so we assumed he was clean\"...There are also questions whether Hwang’s counterparties knew about his relationships with other banks and the scale of the leverage he was using for what appear to be concentrated positions in a handful of companies. And - more ominously - if they did not know anything about his exposure,why the hell not?As wereported on Tuesday, JPMorgan (which successfully managed to avoid this scandal completely) estimated that the Prime Brokers facing Archegos may end upabsorbing as much as $10 billion in combined losses.Already credit rating agencies have downgraded outlooks for Credit Suisse and Nomura, citing concerns over “the quality of risk management” while activist investors are demanding better governance and would not mind if senior execs were summarily fired over this episode to restore confidence.\"Risk controls still are not where they should be,\" David Herro, one of Credit Suisse’s biggest shareholders, said Wednesday in a Bloomberg TV interview. \"Hopefully, this is a wake-up call to expedite the cultural change that is needed in this company.\"But going back to Bloomberg's original point, for all their silence the prime-brokerage units of Nomura, Goldman Sachs, Morgan Stanley, Credit Suisse and others,had clues about what Archegos was doing.These firms knew about the trades they had financed, of course, and also had some visibility into his total borrowings. And yet they didn't bother to ask about what, if any, risk management was being implemented to avoid an uncontrolled unwind. Or rather,the questions emerged only after the margin call.What the Prime Brokers also didn't know is that Hwang was taking parallel positions at multiple firms, piling more leverage onto the same few stocks, which brings us back to ourrehypothecated leverageconcept which we are confident we will use much more in the coming months, especially since \"unwinding a series of large, leveraged bets placed by a single account is one thing; doing so when rival banks are liquidating the same positions held by the same client is quite another.\"Archegos' own \"Lehman moment\" came late on March 25 when Hwang’s prime brokers met again and discussed the possibility of standing down temporarily to let tensions ease, as we reported previously, but any attempt at solidarity proved short-lived: shortly after some PBs sent Archegos notices of default, clearing the way for Goldman and Morgan Stanley to dump Hwang's positions.“Hopefully this will cause the prime brokerages of regulated banking organizations (and their supervisors) to re-assess their relationships with highly leveraged hedge funds,” former FDIC chair Sheila Bair tweeted.She is, of course, wrong.In fact, if anything we expect Prime Brokers will make leverageeven easier to obtain for non-bank, hedge fund and family office clients, because the one big mistake Archegos (and its Prime Brokers) made was that it was not big and systemic enough to merit a Fed bailout. Now, if Archegos had a portfolio of $200 billion, $300 billion or more, while usingCitadel's 50x leverage,now we're talking \"size\"...size enough for the Fed to step in and make everyone whole on the back of taxpayers... the same way the Fed bailed out Citadel, Millennium and Point72 in September 2019 during the repo crisis (as bothZero Hedgeand subsequentlyBloomberg, explained).There is another reason nothing will change: hedge funds, Prime Brokers, banks - in fact the Fed itself - are all incentivized tonotlook at what skeletons may be found in the closet. Why? Because if the banks are forced to admit that there are more Archegos funds -and there are countless- Prime Brokers will have no choice but to sequester collateral from more clients, sparking more margin calls, leading to more stock liquidations, and resulting in even bigger investor panic. Call it a side effect of building castles on crooked foundations in an artificial, fake, Fed-supported market.Is another market panic what the Fed wants? Or what the Biden admin wants? Of course not.Which is why we will get a token Congressional hearing where politicians care more to hear themselves talk than listen to the answers, the banks will slap a few hands, one or two small sacrificial hedge funds will be shut down, and the world will move on, especially once Archegos is no longer on the front page of the financial media.It's also why when the next major hedge fund implosion does happen, it will be far more catastrophic.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1549,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359407410,"gmtCreate":1616418186130,"gmtModify":1704793787789,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Like and comment pls!!","listText":"Like and comment pls!!","text":"Like and comment pls!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/359407410","repostId":"2120420111","repostType":4,"repost":{"id":"2120420111","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1616415141,"share":"https://ttm.financial/m/news/2120420111?lang=en_US&edition=fundamental","pubTime":"2021-03-22 20:12","market":"us","language":"en","title":"Thinking About Buying Stock In Ford, Apple, Beyond Meat Or Starbucks?","url":"https://stock-news.laohu8.com/highlight/detail?id=2120420111","media":"Benzinga","summary":"One of the most common questions traders have about stocks is “Why Is It Moving?”\nThat’s why Benzing","content":"<p><img src=\"https://static.tigerbbs.com/7cdbb09cac44301f04fba8db0d4734c7\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p>\n<p>One of the most common questions traders have about stocks is “Why Is It Moving?”</p>\n<p>That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a <a href=\"https://laohu8.com/S/AONE\">one</a>-sentence description as to why that stock is moving.</p>\n<p>Here’s the latest analyst news and updates for Ford, Apple, Beyond Meat and Starbucks.</p>\n<p><b>Ford Motor Company</b> (NYSE: F) shares are trading higher after Barclays upgraded the stock from Equal-Weight to Overweight and raised its price target from $9 to $16 per share.</p>\n<p>A rumored <b>Apple Inc</b> (NASDAQ: AAPL) augmented reality headset will contain eye-tracking technology for user input, according to analyst Ming-Chi Kuo. The analyst who tracks the tech giant revealed the AR headset will come equipped with a transmitter and a receiver to track eye movements coupled with related physical information. <i>Read More</i></p>\n<p><b>Beyond Meat Inc</b> (NASDAQ: BYND) shares are trading higher after Stephens & Co initiated coverage on the stock with an Overweight rating and a price target of $190 per share.</p>\n<p><b>Starbucks Corporation</b> (NASDAQ: SBUX) shares are trading higher after Wedbush upgraded the stock from Neutral to Outperform and raised its price target from $108 to $124 per share.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Thinking About Buying Stock In Ford, Apple, Beyond Meat Or Starbucks?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThinking About Buying Stock In Ford, Apple, Beyond Meat Or Starbucks?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-03-22 20:12</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/7cdbb09cac44301f04fba8db0d4734c7\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p>\n<p>One of the most common questions traders have about stocks is “Why Is It Moving?”</p>\n<p>That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a <a href=\"https://laohu8.com/S/AONE\">one</a>-sentence description as to why that stock is moving.</p>\n<p>Here’s the latest analyst news and updates for Ford, Apple, Beyond Meat and Starbucks.</p>\n<p><b>Ford Motor Company</b> (NYSE: F) shares are trading higher after Barclays upgraded the stock from Equal-Weight to Overweight and raised its price target from $9 to $16 per share.</p>\n<p>A rumored <b>Apple Inc</b> (NASDAQ: AAPL) augmented reality headset will contain eye-tracking technology for user input, according to analyst Ming-Chi Kuo. The analyst who tracks the tech giant revealed the AR headset will come equipped with a transmitter and a receiver to track eye movements coupled with related physical information. <i>Read More</i></p>\n<p><b>Beyond Meat Inc</b> (NASDAQ: BYND) shares are trading higher after Stephens & Co initiated coverage on the stock with an Overweight rating and a price target of $190 per share.</p>\n<p><b>Starbucks Corporation</b> (NASDAQ: SBUX) shares are trading higher after Wedbush upgraded the stock from Neutral to Outperform and raised its price target from $108 to $124 per share.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","SBUX":"星巴克","BYND":"Beyond Meat, Inc.","F":"福特汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2120420111","content_text":"One of the most common questions traders have about stocks is “Why Is It Moving?”\nThat’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.\nHere’s the latest analyst news and updates for Ford, Apple, Beyond Meat and Starbucks.\nFord Motor Company (NYSE: F) shares are trading higher after Barclays upgraded the stock from Equal-Weight to Overweight and raised its price target from $9 to $16 per share.\nA rumored Apple Inc (NASDAQ: AAPL) augmented reality headset will contain eye-tracking technology for user input, according to analyst Ming-Chi Kuo. The analyst who tracks the tech giant revealed the AR headset will come equipped with a transmitter and a receiver to track eye movements coupled with related physical information. Read More\nBeyond Meat Inc (NASDAQ: BYND) shares are trading higher after Stephens & Co initiated coverage on the stock with an Overweight rating and a price target of $190 per share.\nStarbucks Corporation (NASDAQ: SBUX) shares are trading higher after Wedbush upgraded the stock from Neutral to Outperform and raised its price target from $108 to $124 per share.","news_type":1,"symbols_score_info":{"AAPL":0.9,"F":0.9,"BYND":0.9,"SBUX":0.9}},"isVote":1,"tweetType":1,"viewCount":1025,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327767323,"gmtCreate":1616127544062,"gmtModify":1704791298142,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Let's go!! Give me some likes!!","listText":"Let's go!! Give me some likes!!","text":"Let's go!! Give me some likes!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327767323","repostId":"2120016886","repostType":4,"isVote":1,"tweetType":1,"viewCount":703,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}