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Cassava Sciences shares fall after onetime advisor indicted on fraud charges

admin by admin
June 29, 2024
in Business
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Cassava Sciences shares fall after onetime advisor indicted on fraud charges
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Shares of biotech company Cassava Sciences Inc. plummeted on Friday after a federal grand jury indicted a onetime science advisor to the company and charged him with falsifying data to obtain millions of dollars in government funds



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The Kobeissi Letter Follow

Official X account for The Kobeissi Letter, an industry leading commentary on the global capital markets. Email us: support@thekobeissiletter.com

KobeissiLetter
kobeissiletter The Kobeissi Letter @kobeissiletter ·
7h

This is absolutely insane:

US national debt is set hit a MASSIVE $57 trillion over the next decade, according to the latest CBO forecasts.

That would be a staggering $34 TRILLION, or 148%, increase since 2020.

This comes as total US federal debt has officially exceeded $36…

Reply on Twitter 1861771632487887149 Retweet on Twitter 1861771632487887149 148 Like on Twitter 1861771632487887149 473 Twitter 1861771632487887149
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kobeissiletter The Kobeissi Letter @kobeissiletter ·
23h

WOW.

MicroStrategy stock, $MSTR, just fell a MASSIVE -35% from its peak seen on November 21st.

That's ~$30 BILLION of market cap erased in 4 trading days as #Bitcoin fell ~9% from its high.

This is one $MSTR's largest 4-day drops in history.

What just happened?

(a thread)

Reply on Twitter 1861518863663268075 Retweet on Twitter 1861518863663268075 416 Like on Twitter 1861518863663268075 3737 Twitter 1861518863663268075
Retweet on Twitter The Kobeissi Letter Retweeted
kobeissiletter The Kobeissi Letter @kobeissiletter ·
23h

WOW.

MicroStrategy stock, $MSTR, just fell a MASSIVE -35% from its peak seen on November 21st.

That's ~$30 BILLION of market cap erased in 4 trading days as #Bitcoin fell ~9% from its high.

This is one $MSTR's largest 4-day drops in history.

What just happened?

(a thread)

Reply on Twitter 1861518863663268075 Retweet on Twitter 1861518863663268075 250 Like on Twitter 1861518863663268075 2083 Twitter 1861518863663268075
kobeissiletter The Kobeissi Letter @kobeissiletter ·
23h

WOW.

MicroStrategy stock, $MSTR, just fell a MASSIVE -35% from its peak seen on November 21st.

That's ~$30 BILLION of market cap erased in 4 trading days as #Bitcoin fell ~9% from its high.

This is one $MSTR's largest 4-day drops in history.

What just happened?

(a thread)

Reply on Twitter 1861518863663268075 Retweet on Twitter 1861518863663268075 416 Like on Twitter 1861518863663268075 3737 Twitter 1861518863663268075
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