Warrington in the News Articles: page 31

Insights from Cordell Eminent Scholar Jay Ritter inform this story about yesterday’s hot startups having major IPOs, but they’re still losing lots of money—and it’s not clear when they will ever be profitable.

Doctor of Business Administration student and Clinical Assistant Professor of Accounting at Salisbury University David Weber shares insights for this story about federal regulators investigation into Bank of America for its role in administering government benefits under a California program that was plagued by fraud at the height of the COVID-19 pandemic.

Clinical Professor Steve Tufts discusses his innovative “Adulting” class that is offered at Warrington, which goes over important topics like how to be wise with credit cards, how taxes work, insurance, mortgages, small business loans, leases, employee benefits, credit score, cost of capital, and more.

Of the 63 companies that went public through a SPAC deal last year and had less than $10 million in trailing sales at the time of their listing, at least 30 didn’t meet their projections, according to the Journal’s analysis of data provided by Jay Ritter, a University of Florida professor who studies public listings, and from FactSet. A total of 199 SPAC deals were completed last year.

Meta has come under investigation by the Federal Trade Commission for supposedly anticompetitive conduct concerning the Oculus headset and App Store, despite the fact that virtual reality is still very new to the market and needs time to adapt to consumer demands. This can only mean trouble for the future of the metaverse. Public Utility Research Center Director and Gunter Professor Mark Jamison explains.

Wood’s been suffering because she’s not only on the wrong side of the trend but also dangerously leveraged to the riskiest and most glamorous of the go-go stocks, from Tesla to Coinbase to Robinhood.

“This is extreme loading of growth versus value,” says Cordell Eminent Scholar Jay Ritter, the University of Florida economist who’s the nation’s leading expert on IPOs.

Pacific Gas & Electric came out last week with a cost estimate for the first phase of its plan to put thousands of miles of power lines underground, ballparking it at $9 billion to $13.5 billion according to the San Jose Mercury News for the first 3,600 miles of lines it wants to bury by 2026.

So, where do you even start with burying 10,000 miles of power lines? Public Utility Research Center Director of Energy Studies Ted Kury shares his insights.

Metaverse real estate sales surpassed $500 million last year, and nearly half of this amount came after Mark Zuckerberg’s October 2021 rebranding of Facebook to “Meta.” This year, the metaverse real estate market has continued to boom, with sales reaching $85 million in the first month of 2022 alone. Some analysts believe total sales could reach $1 billion this year.

The surge in metaverse real estate values is impressive. But are these values real, or is this a bubble that will soon burst? And should anyone really care?

Public Utility Research Center Director and Gunter Professor Mark Jamison answers these questions.

Donald Trump is one of the world’s most famous businessmen, but his companies have usually been privately held. Now investors have the chance to throw their lot in with the former president of the United States through Digital World Acquisition (DWAC). But is the ultimate Donald Trump stock a buy now? Research from Cordell Eminent Scholar Jay Ritter provides some insights.

Unprofitable companies that listed in the United States last year were down an average of 32% from their IPO price at the end of January, according to data provided by Cordell Eminent Scholar Jay Ritter.