The Bears will not stop.

Tech stocks tumble, Robinhood acquisition, and Anonymous speaks out.

Tech stocks took a beating Tuesday, with the Nasdaq falling 3%. After a promising Friday, investors gave back almost all the gains since then and heads back near lows.

Leading losses per YahooFinance:

  • Apple: -2.98%

  • Microsoft: -3.17%

  • Meta: -5.2%

  • Advanced Micro Devices: -6.24%

  • Google: -3.47%

Investors are waiting for a bottom in the market, but it doesn't seem like we'll be getting an answer anytime soon.

Sam Bankman-Greed?

Last week, FTX CEO Sam Bankman-Fried made a move to acquire Robinhood ($HOOD). In May, Bankman-Fried disclosed to the public that Emergent Fidelity Technologies, a company he controls, took a 7.6% in the company. (BBG)

After news broke last week about a potential buyout, Robinhood stock pumped almost 15% before being halted by the Securities Exchange Commission.

What does the outlook look like for FTX? What are Bankman-Fried's motives behind this move? He will need to offer a generous premium to acquire Robinhood, so that brings up the question: Does he know something we don't?

Do Kwon vs. Anonymous

The infamous hacker group, Anonymous, posted a video directed to Do Kwon, the founder of the Terra LUNA ecosystem, looking for him to be brought to justice for his crimes.

There has always been speculation and rumors of Do Kwon cashing out billions before the inevitable collapse of one of the largest stablecoins.

The hacking group has probably already uncovered suspicious activities by the Luna Foundation. One things for certain, if Do Kwon is hiding anything, Anonymous will be the group to bring it to light.

Disclaimer:Our articles are NOT financial advice, we are not financial advisors. All investments are your own decisions. Please conduct your own research and seek advice from a licensed financial advisor.