Bed Bath and Beyond files for bankruptcy
nytimes.com
Bed Bath and Beyond files for bankruptcy
1–10 of 336 posts
Re: Bed Bath and Beyond files for bankruptcy
#2Re: Bed Bath and Beyond files for bankruptcy
#3This is surprisingly old news, but still somewhat interesting. I'm curious what led to this being posted today?
Re: Bed Bath and Beyond files for bankruptcy
#4This is surprisingly old news, but still somewhat interesting. I'm curious what led to this being posted today?
AFAIK it is the newest meme stock, it popped up on the reddit front page the previous few days.
Re: Bed Bath and Beyond files for bankruptcy
#5This is surprisingly old news, but still somewhat interesting. I'm curious what led to this being posted today?
They officially only filed for bankruptcy this weekend. Everybody (except the retail investors who were buying their stock offerings) knew this was coming.
Re: Bed Bath and Beyond files for bankruptcy
#6This is surprisingly old news, but still somewhat interesting. I'm curious what led to this being posted today?
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Re: Bed Bath and Beyond files for bankruptcy
#7This is surprisingly old news, but still somewhat interesting. I'm curious what led to this being posted today?
AFAIK it is the newest meme stock, it popped up on the reddit front page the previous few days.
It has been a meme stock at least since the whole gamestop thing in 2020/2021
Re: Bed Bath and Beyond files for bankruptcy
#8I find the whole situation fascinating. Bed Bath continued to sell hundreds of millions of shares while they were preparing for bankruptcy and retail investors (or meme stock investors) continued to buy them. I assume Bed Bath did all the paperwork that is necessary (like calling out risks, that the raised capital will go to creditors first, etc) for such a stock sale. But it is clear they were doing it out of bad-faith to the new investors.
As usual Matt Levine's take on this is a good read.
Re: Bed Bath and Beyond files for bankruptcy
#9This is surprisingly old news, but still somewhat interesting. I'm curious what led to this being posted today?
AFAIK it is the newest meme stock, it popped up on the reddit front page the previous few days.
BBBY has been a meme stock for quite some time over the last couple of years.
Re: Bed Bath and Beyond files for bankruptcy
#10This is surprisingly old news, but still somewhat interesting. I'm curious what led to this being posted today?
They officially only filed for bankruptcy this weekend. Everybody (except the retail investors who were buying their stock offerings) knew this was coming.
>Individual investors who continued to back Bed Bath & Beyond during its final months, when it was flooding the market with shares, will likely be wiped out in chapter 11, which prioritizes the repayment of debt over shareholder recoveries.
Source:https://www.wsj.com/articles/bed-bath-beyond-files-for-bankr...