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For substantive discussion of investing media, primarily the stock market

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IRS says Microsoft may owe more than $29 billion in back taxes; Microsoft disagrees (apnews.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Robinhood to buy back Bankman-Fried's stake for $605.7 million from U.S. government (www.cnbc.com)
submitted 1 year ago by [email protected] to c/[email protected]
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The Exact Age When You Make Your Best Financial Decisions (www.wsj.com)
submitted 1 year ago by [email protected] to c/[email protected]
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53½

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Federal Reserve Raises Interest Rates to 22-Year High (www.wsj.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Inside the Escalating Feud at One of Wall Street’s Biggest Hedge Funds (www.wsj.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Mediterranean restaurant chain Cava stock soars as much as 117% in market debut (www.cnbc.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Fed Holds Rates Steady But Expects More Increases (www.wsj.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Tingo Group: Fake Farmers, Phones, and Financials—The Nigerian Empire That Isn’t (hindenburgresearch.com)
submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]
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This is pretty undeniable evidence of fraud. Tingo claimed "significant progress has been made on the construction of the [food processing] facility including the installation of infrastructure, drainage, water supply and the foundations of its numerous buildings." Hindenburg sends a person on the ground to the location a week and a half later to find literally nothing has been done since.

Given that their render of the plant was actually a stock photo of a render of an oil refinery, I find it hard to believe they ever planned to build anything at all.

In another instance, Tingo announced a $150 million agreement with a company, but public filings show that company has been bankrupt and defunct for over a year.

$TIO is down 48% at the news. Frankly, I'm not sure who's buying it for any amount at this point.