Bitcoin has been a lucrative asset for early investors, but its volatility has increased since 2021, leading many to turn to bitcoin mining. However, mining is becoming unprofitable due to rising competition and the need for constant capital investment and energy consumption. Riot Platforms, a bitcoin miner, has struggled to make profits and faces challenges from global competitors. Its shares have performed poorly and are predicted to continue falling, making them a candidate for short-selling at the current price of $7.20 with a stop loss at $12.
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Delaware Law Has Entered the Culture War
The corporate law world, typically insular, has become a battleground due to Elon Musk's clash with the Delaware Chancery Court and subsequent moves by Dropbox and Meta to change their incorporation locations. The issue of minority shareholder influence in controlled companies has been amplified as founders like Musk voice their opinions. Delaware's economy and politics are at stake as businesses consider moving away from the state, prompting legislative changes and potential concessions to retain corporate...
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