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Commonstock Team
@commonstock
04/16/2021
Today's Most Shared on Commonstock
Morgan Stanley down 3% despite profits hitting a high
Booked $911M loss due to
Archegos meltdown
Record performance across many of its businesses
Most of its losses resulted from collateral it sold at lower values after Archegos was unable to repay its margin loans
Ally Financial flat despite earnings beat
Beats EPS by $0.93
Revenue of $1.93B (+19.9% Y/Y)
Revenue beat expectations by $80M
Website maker Squarespace files to go public
Plans to use ticker
$SQSP
Reported $621M in revenue in 2020, up 28% Y/Y
Has more than 3 million customers
CNBC
Website maker Squarespace files to go public on NYSE through direct listing
Squarespace reported $621.1 million in revenue in 2020, according to the company's prospectus.
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Commonstock Team
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