Capitalist Countdown: Wealthy VC’s Top 5 Investing News Stories of the Week
Last Updated: 29.1.2024 19:56
Welcome to Wealthy VC’s Capitalist Countdown
The Capitalist Countdown is a weekly series that features the biggest stories from the market’s hottest stocks as well as news from under-the-radar hidden gems capable of delivering mutibagger returns to your portfolio.
Please sit back, relax and enjoy Capitalist Countdown’s top 5 market-moving news stories for the week of August 7th – 13th, 2023.
5. New Meme Stock Rockets 800% on Short Squeeze (VIDEO)
Short-Sellers Are Licking Their Wounds After Shares of This Struggling Consumer Products Company Unexpectedly Catapulted 768% Over the Past Two Weeks
The stock’s meteoric rise has been attributed to a large influx of buying from retail “Meme Stock” traders from online forums such as Reddit’s WallStreetBets and StockTwits.
4. Disney’s Bold Leap into AI: A New Era
From Movies to Theme Parks, AI is Set to Revolutionize The Way Disney Operates
Walt Disney (NYSE: DIS) has embarked on an ambitious journey to explore the potential of Artificial Intelligence (AI) across its vast empire.
3. ELEVAI Labs Announces New Exclusive Philippines Distributor Partnership
Dmark Multisales Corp. is a Prominent Marketing and Distribution Company Based in the Philippines With Over 20 Years of Industry Experience
ELEVAI Labs, a medical aesthetic Biotechnology company focused on physician-dispensed skincare and a leader in exosome research and development, is pleased to announce its new partnership with Dmark Multisales Corporation, a prominent marketing and distribution company based in the Philippines.
2. XTM Posts Year-End 2022 Earnings, Revenue Climbs 111%
XTM Reported 2022 Net Revenue of $4,733,727, An Increase of 111% Compared to 2021
XTM Inc. (CSE: PAID) (OTCQB: XTMIF) (FSE: 7XT), a Miami and Toronto-based Fintech creator of disruptive payment innovations, including fully certified Earned Wage Access through its QRails AnyDay™ solution, announced the filing of the following financial statements:
1. VIDEO: Dave Portnoy Buys Back Barstool Sports For $1 as PENN Inks $2B Deal With ESPN
The $2 Billion Agreement With PENN Entertainment Will See ESPN Launch its New ESPN BET Sportsbook in the United States
The blockbuster deal also saw Dave Portnoy buy back Barstool Sports for $1 from PENN Entertainment (NASDAQ: PENN), which finalized its purchase of Barstool earlier this year for $551 million.
Read More:
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3 AI ETFs to Beat the Market in 2023 (VIDEO)
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