Hossein Azari of cmorq Discusses Meme Stocks, Sees DeFi as an Answer to Retail Desires
JD Alois, 04 June 2021
The rise of the “meme stocks” has been a fascinating adventure with the combination of ubiquitous technology and the ability to drive trading by retail investors in a way that has never been experienced before. While a certain amount of manipulation of markets has always existed, the recent advent of trading forums, like Wallstreetbets on Reddit, and other digital communication methods, has shifted some of the influence away from big money to smaller investors pooling resources.
The phenomenon really gained traction when GameStop (NYSE:GME), a highly shorted equity by certain hedge funds, became a focus for a targeted short squeeze. In brief, smaller investors, many trading on Robinhood, rocketed the price of GME higher causing certain hedge funds to lose money in a classic short squeeze. Continue reading “Article: Hossein Azari of cmorq Discusses Meme Stocks, Sees DeFi as an Answer to Retail Desires”
Patrick Byrne Goes on Fox News Making Serious Allegations Against Former Obama Administration Officials
JD Alois, 22 August 2019
Former Overstock (NASDAQ:OSTK) CEO Patrick Byrne was visiting with the studios of Fox News today following his abrupt resignation earlier today from the company he founded.
Byrne is widely recognized as a pioneer in the blockchain sector having launched several companies, including tZero, targeting the issuance of digital assets/security tokens.
Byrne, interviewed on The Story with Martha MacCallum, went on the air making serious allegations against former Obama Administration officials. The entire proceedings were shocking.
Byrne explained that he has been troubled by the chain of events and he recently spoke to long-time family friend Warren Buffett for advice – who told him to come forward. Continue reading “Article: Patrick Byrne Goes on Fox News Making Serious Allegations Against Former Obama Administration Officials”
Overstock Subsidiary Medici Ventures Invests in Minds, Patrick Byrne to Join Board
JD Alois, 22 October 2018
Overstock (NASDAQ:OSTK), via subsidiary Medici Ventures, has invested in Minds, Inc. a cryptocurrency social network. The investment will be joined by Overstock founder and CEO Patrick Byrne joining the board of directors of Mind. Details on the amount invested were not disclosed.
Patrick M. Byrne, a huge blockchain proponent, commented that Minds’ work employing blockchain technology as a social media application is the “next great innovation toward mainstream use of this world-changing technology.” Continue reading “Article: Overstock Subsidiary Medici Ventures Invests in Minds, Patrick Byrne to Join Board”