1. Articles from Wolf Richter (feedback@businessinsider.com)

    1-4 of 4
    1. LongFin is under investigation — but investors aren't giving up yet

      LongFin is under investigation — but investors aren't giving up yet

      Longfin

      • Shares of Longfin (LFIN) dropped 17% Monday to $14.31.
      • LFIN was removed last week from Russell indexes, including the Russell 2000.
      • Several law firms have opened investigations into Longfin for violating federal securities laws.

      It’ll take many more sell-offs and the collapse of many more iffy stocks before this hyper-enthusiasm, after nine years of central bank nurturing, is finally wrung out of the market.

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      Mentions: Investors SEC IPO
    2. Equifax's Data Breach will Cost it for Months to Come

      Equifax's Data Breach will Cost it for Months to Come

      Reuters / Brendan McDermid

      • Equifax has no idea how deep the losses incurred by its massive data breach will run.
      • The company is also coming under fire from government agencies and courts.

      Equifax reported that revenue ticked up 4% year-over-year in the third quarter to a less-than expected $835 million and that net income plunged 27% to $96 million due to the initial costs related to the most damaging consumer data hack in US history...

      Read Full Article
      Mentions: SEC Twitter crisis
    3. Snap Tried to Turn Big Investors into Zombies — it Didn’t Work

      Snap Tried to Turn Big Investors into Zombies — it Didn’t Work

      Snap Inc., the parent of Snapchat, was dealt another blow today. FTSE Russell, which owns numerous indices for stock markets around the world, including the US Russell 3000, 2000, and 1000 indices, said today that it would exclude Snap from its indices because of Snap’s share structure that denies public investors the right to vote.

      Though Reuters reported the story after the market had already closed, the shares of Snap fell 3.5% today to $13.40, a new all-time low...

      Read Full Article
      Mentions: Investors SEC IPO
    1-4 of 4
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