The big stories this week on Wall St.

If you haven’t heard of Advanced Micro Devices (AMD) before today, well then you’re about to. AMD is a global manufacturer of computer hardware – specifically bits like motherboard chipsets, graphics processors and flash memories. In other words, their products sit inside the things you own without you knowing it.

In a move sure to wind Elizabeth Warren up even more, Google (GOOG) is in talks with US banks to offer everyday accounts to its customers. Rather than be a bank itself, the internet titan is looking to partner up with the likes of Citigroup (C) to set up smart accounts linked to Google Pay.

This may come as no surprise, depending on where you stand on Facebook (FB), but close to every payment firm that initially agreed to join their cryptocurrency, Libra, has backed out. Blame it on Warren’s warpath, increased regulatory scrutiny, or bad timing, but Libra is looking rather...uh, unbalanced.

Ok, you don’t have to wrestle us, but if you like investing in companies that have revenue, and even earn profits, then you might want to throw your money in the ring - the wrestling ring that is. Over the last three years, World Wrestling Entertainment (WWE) has grown EPS (earnings per share) by 46% per year, making investors, well, Moonsault with joy. Yes, that’s a pro wrestling move, and there will be many more peppered through this newsletter.

Bugs are big business. Just ask the number of start-ups using insect larvae to make protein-rich ingredients for animal feed. That’s only one part of this budding industry that investors are banking on to help feed a growing human population in an environmentally friendly way.

According to Bill Gates, “DNA is like a computer program but far, far more advanced than any software ever created.” Sure, he said this in 1995, well before synthetic biology (the science focused on reading, writing, and editing DNA) was even a thing. But he has seen the light and is now investing his time and money in this groundbreaking field.

Shares of both Uber (UBER) and Lyft (LYFT) are trading more than 30% below their initial public offering prices since they debuted on Wall Street earlier this year, dropping 6% and 7% respectively last week.

The We Company has just released its IPO prospectus, and many are saying it’s a load of, um, obfuscation. One of the most hotly anticipated IPOs this year, WeWork is privately valued at almost 50 billion dollars. Interestingly, it’s positioning itself as a tech company, which really ticked off the trolls of Twitter, to the point of them labeling the company “WeWTF”. Insert LOLs here.

Yes, you’ve seen The Big Short, and yes, you loved it. Sure, Michael Burry was a bit of a freak, but he knew what he was doing when it came to investing (and drumming too). Word on the street is that GameStop (GME) could be Game Over. Hedge fund operator Burry, who might we add, made hundreds of millions of dollars by betting against subprime mortgages, begs to differ.

The name Harry Markopolos might not mean much to you, but he’s the guy who first raised the alarm over Bernie Madoff’s Ponzi scheme in 2008. A self-confessed maths geek, he sent Wall Street's biggest conman to the slammer. Well, Mr Markopolos has a new target in his forensic accountant sights: GE (GE). He recently published a report claiming that GE’s accounting fraud is “bigger than Enron and WorldCom combined”. Um, that’s pretty big.

We’ve finally got the details on Disney’s (DIS) streaming play: last week CEO Robert Iger said its service would include Disney+ and bundle it up with Hulu and ESPN+ for just $12.99 per month, Hulu and ESPN Plus for $12.99 later this year. Hear that, Netflix (NFLX) and Amazon (AMZN)? Those are the winds of change, and they’re blowin’ on you.