The Margin Call: When Billionaires’ Pledged Shares Fall
Mat Ishbia pledged most of his UWM stake for $2.3B in loans and bought the Phoenix Suns. Then the stock halved. What a margin call actually looks like at the top.
Mat Ishbia pledged most of his UWM stake for $2.3B in loans and bought the Phoenix Suns. Then the stock halved. What a margin call actually looks like at the top.