10:15 As the drama unfolded from the Discord ban and the Reddit community going on lockdown, GameStop shares fell 32% in after-hours trading late Wednesday, to $218.32 per share, down from $347.51 at their close. AMC shares also fell, dropping more than 40%, to $11.90 per share, after closing at $19.90. During the day, they’d more than doubled. That stock had risen more than 301% during the day. The series follows the search for Harold Heaven, who mysteriously disappeared from his remote cabin in Ontario in the winter of 1934.
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All this wasn’t the only bad news for the WallStreetBets community. It added that the ban had nothing to do with any talk of finances or stock that happened among WallStreetBets users. Its worst community members, who repeatedly broke Discord’s rules, caused the group to be banned from the platform, the chat app company said in a statement. “CFOs are likely to be very conservative in managing corporate treasuries. Their job is to help grow the company through its operations, and the treasury needs to be safe and secure.” They’re happy sinking money into very safe places with low interest.
While the moves have prompted more boardroom discussions though, headaches from bitcoin’s volatility to accounting for it and storing it are likely to preclude a big wave of companies holding large amounts on balance sheets in the short term, according to over a dozen financial officers, board members and accountants interviewed by Reuters. Two-time winner Buveur D’Air to miss Champion Hurdle as… Eight-time champion jump jockey Peter Scudamore fears…
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