The Reddit trader known for creating a quick rise GameStop stock is increasing his stake by $50,000. Keith Gill posted a screenshot of his extra investment, which brings the value of his GameStop holdings to more than $4 million. This comes as shares of the retailer are plunging since peaking at more than $480.
Restaurant software company Toast is reportedly planning to go public later this year, which could value the cloud-based company at $20 billion. According to the Wall Street Journal, the company has contacted Goldman Sachs and JP Morgan as possible underwriters for the listing.
Tesla is reportedly no longer taking orders for the least expensive version of its Model Y vehicle. According to Electrek, the car maker is stopping orders of the “entry-level” electric crossover for undisclosed reasons. Tesla’s base price for the Model Y was around $40,000. It is not clear if the move is temporary or why Tesla dropped the standard range trim.