Goldman Sachs sold 10.5 billion in stocks causing a 25billio...
Goldman Sachs sold 10.5 billion in stocks causing a 25billion dollar sell-off. Companies included:
$Tencent Music (TME.US)$
$Baidu (BIDU.US)$
$ViacomCBS (VIAC.US)$
$Vipshop (VIPS.US)$
$Discovery-B (DISCB.US)$
$Farfetch (FTCH.US)$
$iQIYI (IQ.US)$
$GSX Techedu (GSX.US)$
$Tencent Music (TME.US)$
$Baidu (BIDU.US)$
$ViacomCBS (VIAC.US)$
$Vipshop (VIPS.US)$
$Discovery-B (DISCB.US)$
$Farfetch (FTCH.US)$
$iQIYI (IQ.US)$
$GSX Techedu (GSX.US)$
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MisterJ420 : sounds like a 50% + off sale!
MisterJ420 : at least on discovery
Mcsnacks H Tupack OP MisterJ420 : They knew/know something no one else does.
MeeTube : Can we buy now?
Mcsnacks H Tupack OP MeeTube : Yea it turns out it was a hedge fund who had a margin call placed on his account. He had leveraged his account 5x its worth.
Mcsnacks H Tupack OP Mcsnacks H Tupack OP : So they sold off 10.5 billion dollars of his stock to pay the debt