Monthly Archives: October 2022

Eoghan McCabe, the controversial Intercom co-founder who left the CEO role in 2020, is stepping back in

A notable changing of the guard is afoot at Intercom, the unicorn SaaS startup that powers the ubiquitous smiley customer service bots that sit on tens of thousands of company homepages: the company has reappointed co-founder, and current chairman, Eoghan McCabe as CEO. He’s replacing Karen Peacock, who is taking an advisory role for the…

A single massive options trade fueled a 2% positive reversal in the S&P 500 on Wednesday, says Wells Fargo

Spencer Platt/Getty Images Wednesday’s 2% reversal in the S&P 500 could have been sparked by a massive options trade, according to Wells Fargo.The firm said the options trade was worth $31 million and is a bet that stocks will rally into year-end.Despite Wednesday’s rally, the bank believes the stock market needs to see more volatility…