Broken Moats on X
Robinhood’s perpetuals launch raises leverage risk, invoking bucket shops and the 1929 crash as warnings for a cycle bust.
NYSE
Blackstone Inc.
BX
2 articles
$108B Market cap · 2026-08-21
marginofdanger on X
Pershing Square trades near 50 times estimated earnings, with $21 billion of fee-paying AUM against a $13 billion equity value and potential post-lockup selling pressure.
