Norwegian Power Whale Booted Off Nasdaq After $117 Million Loss

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Norwegian Einar Aas lost $117 million in a power bet. He has been famous in Norway for many years for consistently beating the market.

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Many companies now have to pay to the default fond. Can someone ELI5?

and why are companies a part of the default fund? What do they get out of it?

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h/t Saoibh


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