The Rundown Musk Mulls $5,000 'DOGE Dividend' for Americans, Nikola Motors Files for Bankruptcy
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Feb 19, 2025 Nike's partnership with Kim Kardashian aims to enhance its appeal to women. Nikola Motors faces a dramatic fall into bankruptcy after once soaring to a $30 billion valuation. Bumble struggles with declining user engagement and share prices in a competitive landscape. Elon Musk proposes a controversial 'Doge Dividend' for Americans, raising eyebrows about its political and economic effects. Finally, the discussion touches on the potential for government checks to revitalize meme stocks and the intriguing implications for meme cryptocurrencies.
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Market Rally
- The S&P 500 reached a record close, boosted by a late-day surge.
- European stocks also hit all-time highs, indicating positive global investor sentiment.
Meta's Streak Ends
- Meta's 20-day win streak ended with a 2% stock drop.
- Despite this, their stock is still up over 20% for the year.
Bitcoin vs Gold
- Bitcoin's price has remained stagnant, trading sideways around $95,000-$98,000.
- Gold, on the other hand, has seen significant gains, exceeding Bitcoin's performance.