'Apollo Global Management, Execs At Fortress Investment Back Competing Groups To Restart Celsius, Sources Say' - WSJ
Portfolio Pulse from Happy Mohamed
Apollo Global Management and executives at Fortress Investment are backing competing groups to restart the cryptocurrency exchange Celsius, according to the Wall Street Journal.
May 18, 2023 | 3:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Apollo Global Management is backing a group to restart the cryptocurrency exchange Celsius, potentially increasing its exposure to the crypto market.
Apollo Global Management's involvement in restarting Celsius could increase its exposure to the growing cryptocurrency market. This may attract investors interested in gaining exposure to the crypto market through a traditional investment firm, potentially driving APO's stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100