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Nasdaq has required listed companies to maintain a $1 share price since the 1990s, though it suspended the rule during market crashes in 2001, 2008 and 2020. The NYSE has a similar minimum-price rule on its flagship exchange. But the Big Board has far fewer companies trading below $1, because Nasdaq attracts the majority of companies with small market caps, which are more likely to fall below the threshold.
Hundreds of Stocks Have Fallen Below $1. They’re Still Listed on Nasdaq.
wsj.com
A nomenclatural change from Apple that I fully endorse is that they’re now calling the 1× camera the “main camera” instead of the “wide camera”.
Daring Fireball
daringfireball.net
Beijing locals have adapted to the proliferation of rules not with complete obedience, but discernment of which can be safely ignored. Northerners are thus often unruly.
2021 Letter | Dan Wang
danwang.co
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