Latest news with #MartinShkreli
Business Insider
3 days ago
- Business
- Business Insider
‘Do Not Buy' SharpLink Gaming Stock (SBET) Warns Martin Shkreli
Investor Martin Shkreli has warned his followers on X, formerly Twitter, that SharpLink Gaming (SBET) isn't a stock worth buying. Specifically, the businessman said, 'may go to 500-1000 (i bought small, do not buy).' Confident Investing Starts Here: Shkreli highlighted SBET stock after the shares surged this week on news that it's creating an Ethereum (ETH) treasury. It has raised $425 million to do so through a private investment in public equity (PIPE). Investors will also keep in mind that Ethereum co-founder Joseph Lubin has joined SharpLink Gaming as its Chairman of the Board. Shkreli's comments on SharpLink Gaming stock carry a lot of weight. That's due to his history as an investor and the lack of analyst coverage for SBET. This has retail traders closely watching the advice of online investing personalities to get a read on SharpLink Gaming. SharpLink Gaming stock movement this week has been phenomenal. The shares have rocketed 2,639.93% over the last five days, largely thanks to its Ethereum treasury announcement. That rally continued on Friday, with SBET stock rising another 12.07%. Despite the huge interest in SBET stock, its daily active trading has hovered around 2 million shares. Shkreli shed light on this in his X post. He noted that the SharpLink Gaming float is less than 2 million shares. This is due to a registration rights agreement on the 69 million shares issued that won't be effective for months. This leaves it with a tradable market capitalization of roughly $130 million. Is SBET Stock a Buy, Sell, or Hold? While analyst coverage of SharpLink Gaming is lacking, TipRanks' AI analyst, Spark, has weighed in on the company. It offers an Underperform (40) rating for the shares and no price target. SBET stock may get more analyst coverage following its dive into Ethereum.
The Guardian
24-02-2025
- Entertainment
- The Guardian
No longer ‘forever'? Wu-Tang Clan hint at breakup with final world tour
After more than 30 years of music, during which they created an entire martial mythology as well as some of the greatest hip-hop records of all time, Wu-Tang Clan have signalled a possible end to the group. They have announced 'the start of their final tour', entitled Wu-Tang Forever: The Final Chamber, which will initially visit 27 US cities, beginning 6 June in Baltimore. Bandleader RZA has alluded to later worldwide dates, saying in a statement: This is a special moment for me and all my Wu brothers to run around the globe together one more time and spread the Wu swag, music, and culture. Most importantly to touch our fans and those who have supported us throughout the years. On this tour we're playing songs we've never played before to our audience and me and our production team have designed a Wu-Tang show unlike anything you've ever seen. If these do prove to be the group's final shows, it will bring the curtain down on a wildly creative – and at times fractious – career for the nine-strong group. They formed in Staten Island in 1992, and with production by RZA, the group delivered their debut album Enter the Wu-Tang (36 Chambers) the following year, telling gritty stories filled with references to martial arts and comic books. Their supersized second album Wu-Tang Forever topped the charts in the US and UK, while third album The W contained some of their biggest hits including Gravel Pit and Protect Ya Neck (The Jump Off). Three more studio albums followed, plus a curio release: Once Upon a Time in Shaolin, an album released as a single copy, bought for $2m by pharmaceuticals tycoon Martin Shkreli in 2015. Some of the members' solo albums, such as Ghostface Killah's Supreme Clientele and Raekwon's Only Built 4 Cuban Linx, are also regarded as pinnacles of the hip-hop genre. They lost one of their most distinctive members in 2004, with the death of Ol' Dirty Bastard to an accidental drug overdose, and corralling the MCs together hasn't always been easy – there have been a number of other releases with one or more members missing. This April brings the release of Black Samson, an album with all nine members together again, though it is not an official Wu-Tang Clan album and is instead co-credited to producer Mathematics. The group also put on a united front – for most dates at least – at a Las Vegas concert residency held in 2024. Support on the US tour will come from Run the Jewels, the hip-hop duo of El-P and Killer Mike.
