Business Report: As meme stocks fall, sports betting apps are angling for customers

January 28, 2022: Rihanna's Savage X Fenty raises $125M, eyes retail expansion

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JANUARY 28, 2022 As meme stocks fall, sports betting apps are angling for customers As battered-down meme stocks fall out of fashion a year after the craze began, some gaming industry analysts say online sports betting apps could see… Rihanna's Savage X Fenty raises $125M, eyes retail expansion Rihanna's lingerie line, Savage X Fenty, has secured $125 million in new funding from investors to fuel its ongoing expansion into brick-and-mortar retail. Traders' 'meme stock' lawsuit against Robinhood dismissed by federal judge Robinhood was sued by retail investors who said they lost billions when they were stopped by the app from trading "meme stocks" last year. Trading app Robinhood sinks 11% in after-hours trade after posting loss Robinhood shares dropped some 11% in after-hours trade Thursday after it posted a net loss for the quarter despite edging past analysts' estimates for quarterly… Advertisement Apple reports record $124B in quarterly revenue, shrugging off supply woes Apple says it generated a record $123.95 billion in revenue in the first quarter of fiscal year 2022. Fake crypto Grimacecoin rockets 285,000% after McDonald's Tesla joke The value of fake cryptocurrency Grimacecoin has rocketed by as much as 285,000% in a matter of hours in response to a McDonald's joke tweet… Is Dover sole worth $82? Rising prices test NYC diners Big Apple restaurant-goers are accustomed to sticker shock over soaring menu prices, but Dover sole is giving them the most agita. Advertisement Get our other newsletters:

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