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Stock impact report

Destiny CEO Calls Private-Tech Fund's Meme-Like Surge a ‘Discovery Process' [Yahoo! Finance]

Forge Global Holdings, Inc. (FRGE) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg US Sees Imminent Missile Strike on Israel by Iran, Proxies Vietnam Tycoon Lan Sentenced to Death Over $12 Billion Fraud US Slams Strikes on Russia Oil Refineries as Risk to Oil Markets Russia Destroys Largest Power Plant in Ukraine's Kyiv Region Chinese Cement Maker Halted After 99% Crash in 15 Minutes Now its creator says it's all part of a “discovery process” among investors trying to figure out what its yet-to-list technology companies are worth. Destiny Tech100 Inc. (ticker DXYZ), which holds shares of darling unicorns like Elon Musk's SpaceX and Sam Altman's OpenAI, briefly surpassed $1 billion this week. That compared with net asset value of $54.3 million, based on its most recent regulatory filing. Its swift ascent has been drawing flashbacks to 2021's meme stock frenzy, especially after the gain sent its price many times higher than the stated value of its holdings. While it's not uncommon for closed-end funds to swerve away from the v Show less Read more
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