Rebecca Jarvis Profile picture
Apr 27, 2022 9 tweets 3 min read Read on X
According to the complaint, once Archegos would approach 5% position in a stock, Bill Hwang would allegedly require any additional exposure be limited to total return swap to avoid any public disclosures
Between March 2020 and March 2021 Archegos’s capital increased from $1.5B to $35B
The central aim of Bill Hwang/ Archegos was to control the price and artificially increase the value of securities in Archegos portfolio, according to the charges these securities included the following stocks:
$BIDU $GSX $VIAC $IQ $DISCA $FTCH $TME $VIPS
According to charges, Hwang and others working at Archegos would routinely buy/sell more than 10-15% of a stock’s daily trading volume knowing this would influence the price.
$DISCA $VIAC $GSX $TME
“No. It is a sign of me buying” -
A text from Bill Hwang to an analyst $VIAC
This is not Bill Hwang’s first rodeo

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More from @RebeccaJarvis

Sep 8, 2021
In opening statement, the Defense is telling the story of Elizabeth Holmes many of you who’ve followed the story know well: a young, ambitious, hard- working dreamer who bet on herself
Defense introduces Sunny Balwani in opening statement - he “pursued” Elizabeth, was nearly 20-years her senior, encouraged her to drop out of Stanford. And “Trusting and relying on Mr Balwani was one of her mistakes”
Read 5 tweets
Sep 8, 2021
“Elizabeth Holmes worked herself to the bone for 15 years” - the Defense begins opening statement. “She failed…But failure is not a crime, trying your hardest and coming up short is not a crime.”
The Defense shows a picture of Elizabeth Holmes at age 19 - “she walked away from a Stanford education and bet her college savings on an idea”
Defense says in opening statement: 98.2% of those surveyed say they’d use Theranos again. (We don’t know who was in the survey pool or how this data was collected)
Read 5 tweets
Sep 8, 2021
THREAD: What’s happening inside the courtroom at criminal trial of Elizabeth Holmes. Courtroom observations here.
During a short break, Billy Evan’s and Elizabeth’s mom Noel chat with the court sketch artist who’s sitting in their row.
Elizabeth is sitting between her Williams & Connolly attorneys Kevin Downey and Lance Wade. She stares straight ahead, sitting tall in her seat. During a break, she turned around and exchanged a glance with Billy Evans.
Read 15 tweets
Dec 30, 2020
THREAD: I generally abstain posting about my own personal experiences or those of my family, but what my parents are seeing and experiencing in SW Florida with the vaccine rollout is a disgrace.
In Lee County Florida, where vaccines started as first come/first served for seniors Monday, hundreds of people in 70s & 80s slept in lawn chairs, lined up outside vaccine sites.
One family friend, in her 80s went to a Lee County site at 4:30am, and spent hours waiting for a vaccine, many there were not wearing masks, she says, and had been waiting overnight. She called it a “superspreader” event with so many crammed together.
Read 8 tweets
Jul 27, 2020
Thread... It's Google today. Others will follow.
You cannot understate the impact of WFH on our economy.

1. HOUSING. We're already seeing the trend of people moving away from expensive cities and into burbs/country if they don't have to go to an office regularly.
2. RETAIL. You don't need a full wardrobe (or for some, pants) when you WFH

3. RESTAURANTS, BARS, CAFES. Anyone who spent loads to be near major biz hub is in jeopardy. Foot traffic is already down. But there will also be new opps to locate where people need an escape from home
4. COMMERCIAL REAL ESTATE. Office space, restaurant space, retail space – we just don't need as much of it.

5. EDUCATION. WFH doesn't solve the schools closed situation, but it could help make decisions for those with $$ and greater optionality.
Read 5 tweets

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