Ackman fund shares drop 18% in trading debut after failing to attract everyday investors through social media
Shares in Bill Ackman's new stock-picking fund dropped 18% in their trading debut Wednesday, after he struggled to attract everyday investors through his social-media following.
What happened
Shares in Bill Ackman's new stock-picking fund dropped 18% in their trading debut Wednesday, after he struggled to attract everyday investors through his social-media following.
Quick reaction
One tap helps tune what we surface next.
Reader discussion
Public commentsNo comments yet. Start the discussion around this signal.
Follow this signal
Get updates on this story
We will email you if this changes materially. No spam. Daily brief optional.
Map context
See this on the live map
Keep the story in context with nearby live signals, countries, and category movement.
Related coverage
More story pages
AvalonBay and Equity Residential are considering a merger that could reshape the US apartment market, sources say.
AvalonBay and Equity Residential are exploring a potential merger that could reshape the US apartment market, according to sources.
Japan's Nikkei average futures drop 1.4% in early trade.
Japan's Nikkei average futures drop 1.4% in early trade.
US Federal Reserve holds interest rates steady, warns Iran war clouds economic outlook. Gold held losses following the announcement.
The US Federal Reserve maintained interest rates at their current level and stated that the ongoing conflict in Iran is negatively impacting the economic outlook.
Indonesia rupiah weakens to record low of 17,360 per dollar at open.
Indonesia's rupiah weakened to a record low of 17,360 per US dollar at the market open.
More live signals
Continue with the live feed.
The fastest nearby updates load from the public feed, not the enriched story endpoint.