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Advance Plans to Borrow Against $1.2 Billion Reddit Stake

(Bloomberg) — A Reddit Inc. shareholder is seeking to establish a credit facility using an equity stake in the company, according to a person familiar with the matter. Most Read from Bloomberg Advance Magazine Publishers Inc., the arm of the Newhouse family publishing empire that owns Conde Nast, is offering …

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MicroStrategy Tumbles After Citron Research Shorts the Stock

(Bloomberg) — MicroStrategy Inc shares tumbled after Andrew Left’s Citron Research said in a post on X that it’s betting against the software company, which has effectively transformed itself into a Bitcoin investment fund. Most Read from Bloomberg The stock fell 16% to close at about $397, reversing a gain …

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Why Alphabet Stock Was Sliding Today

Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) were pulling back today after the U.S. Justice Department (DOJ) asked a judge overseeing an antitrust case against the Google parent to order Alphabet to sell its popular Chrome web browser. The news was the latest sign of regulatory aggression toward Alphabet, and …

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Is Now a Good Time to Buy the Dip in Eli Lilly Stock?

Owning shares of pharmaceutical giant Eli Lilly (NYSE: LLY) has generally been a great idea over the past year. Lilly’s diabetes medication Mounjaro and its sibling treatment for chronic weight management Zepbound have evolved into blockbuster drugs in short order — helping fuel Lilly stock to new all-time highs earlier …

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