• EToro added 3.1 million users in the 1st quarter, a 210% rise driven by retail investors and crypto bulls

    8 days ago - By Business Insider

    Yoni Assia, founder and CEO of eToro, on the Money Stage during the 2015 Web Summit in Dublin, Ireland on November 5, 2015;
    Brendan Moran by Sportsfile/Corbis/Sportsfile via Getty Images
    Trading platoform eToro saw 3.1 million new users in the first quarter of 2021 - a significant uptick compared to the 1 million who signed up in the same period last year.
    The company said the surge was driven by rising demand for stocks and cryptocurrencies.
    eToro also revealed that the total number of trades executed on the platform jumped 233% compared to the first quarter of 2020.
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  • The CEO of AMC gifted his twin sons 500,000 shares in March. Now the holdings are worth more than $30 million after the stock's massive surge

    8 days ago - By Business Insider

    AMC Theaters CEO Adam Aron accepts the Sid Grauman Award on behalf of AMC at the 33rd American Cinematheque Award at the Beverly Hilton Hotel on Nov. 8, 2019.
    Photo by Chris Pizzello/Invision/AP
    AMC CEO gave his twin sons 500,000 shares of the movie theater chain in March, Bloomberg reported.
    At that time, the gift was worth about $6.8 million, but following a massive surge, the value of the shares has ballooned five-fold.
    AMC's monster rally catapulted the company to record highs Wednesday, with a year-to-date gain of as much as 3,325%.
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  • Victoria's Secret is being sued by a mall landlord for $32 million, alleging it failed to pay rent and abandoned a New York store

    8 days ago - By Business Insider

    Victoria's Secret's store in Westfield World Trade Center.
    Business Insider/Mary Hanbury
    A landlord sued Victoria's Secret, alleging it stopped paying rent and ditched a New York store.
    A spokesperson for Victoria's Secret told Insider that it cannot comment on ongoing litigation.
    Victoria's Secret has been tightening its business and closing stores to cut back on costs.
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    A mall landlord is suing Victoria's Secret for $32 million, alleging it has breached its lease contract by closing one of its stores in New York and refusing to pay rent. The...
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  • Kodak's CEO engaged in insider trading when he purchased stock in the company while negotiating with the White House for a $655 million loan, NY AG says

    8 days ago - By Business Insider

    Reuters / Steve Marcus
    New York Attorney General Letitia James said Kodak CEO Jim Continenza engaged in insider trading last summer when he purchased 46,737 shares of the company.
    The CEO made the purchase while he was leading secret discussions with the White House for a loan, James said. Public news of the loan sent the stock soaring.
    Kodak said Continenza was not in possession of material non-public information, and he has never sold a share.
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    The CEO of Kodak unlawfully traded stock in the company while negotiating a...
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