Cloopen Group Holding Limited (NYSE:RAAS) (“Cloopen” or the “Company”) today announced that it will change the ratio of its American depositary shares (“ADSs”) to Class A ordinary shares from one (1) ADS representing two (2) Class A ordinary shares to one (1) ADS representing six (6) Class A ordinary shares.
AMC Pops, Bitcoin Drops: Why We’re Seeing Another Meme Stock-Crypto Reversion And What Comes Next
An observation we've made in previous posts (e.g., AMC: Return Of The Meme Stock) was that the resurgence in meme stocks last spring came as Bitcoin sagged. That made sense, as the parabolic rally in Bitcoin and other cryptocurrencies earlier in the year had siphoned some of the speculative fervor out of meme stocks.
