What Has Changed Since the Archegos Flop?
If you haven’t heard of Archegos Capital yet here is the rundown of what occurred. On Wednesday, March 24, 2021, ViacomCBS’s stock fell a total of 30% from its Monday high, which Archegos Capital had been heavily invested in. Archegos had used many different banks to overextend their leverage on a few key stocks, like ViacomCBS and Discovery, that all dipped at the same time.