“Yaha dating app pe match aa nahi rahe, aur tum log money attract karvaare ho”
Indian traditions and beliefs have often followed certain laws for financial prosperity and since it’s the festive season, have a look at some of these laws
Lakshmi, The Goddess of Wealth
On Diwali, people do Lakshmi Puja to call the goddess to visit their homes and shower them with wealth
It’s also why people light up their homes with diyas and lights so that the goddess can find the home easily🪔
The guy who figured out in 2006 that the housing market would crash eventually because of the mortgage defaults and so he bet against it and made nearly $800 mn for himself and his investors 🤯
Yeah, he just bet against Tesla 😬
Burry isn’t Elon Musk’s biggest fan and has said that Tesla “overpromises and underdelivers” which led to him betting against Tesla!
He had previously bet half a billion dollars against Tesla but recently changed it to $731mn, nearly 35% of their company’s $2bn fund!
This simply means that if Tesla stock prices dip below a certain level, he will be able to sell those stocks back to his broker for the same price he bought them for! 📈
It also means that if the price of the stock increases, he will have to pay extra and lose money! 📉
How does #Reliance benefit from buying Just Dial? A Thread👇
Reliance acquired Just Dial through a controlling stake of about ₹ 5700 Cr. But why? 🧐
Just Dial mainly just had listings of businesses but recently they’ve ventured into a digital mart, an online B2B platform where Indian manufacturers can connect and trade.
Reliance will be able to gain access to this database of listings and expand its own digital ecosystem
It all started when a Redditor noticed that a hedge fund had taken a huge amount of short trades against GameStop and posted on the popular Reddit page #wallstreetbets, which is fond of targeting short-sellers
The Redditors on the thread joined forces and bought as much GameStop stock as possible 💰
This made the price rise exponentially and hedge funds short position started to lose billions
So, the short-sellers had to buy shares to cover their losing bids
Tesla boss @elonmusk aka “Papa Musk” tweeted Gamestonk!!", along with a link to the Reddit page which acted as a catalyst to the whole fiasco and sent the stock price to dizzying new heights 🚀