Financial Industry News
Jack Dorsey recently asked Elon Musk at a Twitter conference: “If you were running Twitter, what would you do?: Musk’s chilling, dystopian answer: He wants social media giants to have the final say over who’s a “real person” and who isn’t. This terrifying suggestion is worse than ridiculous. It’s one of the most dangerous ideas […]
Continue ReadingNetflix releases Q4 and full year financial results on January 21, the first set of results since Apple and Disney entered the video streaming fray. Growing competition requires a change of tact at Netflix. An ad-supported video streaming plan would come with risks but also opportunities that are hard to resist. The list of Netflix […]
Continue ReadingCanopy Growth is revising the timeline for its cannabis beverage launch. Management doesn’t expect the delay to impact the company’s top line in 2020. But Canopy Growth’s bottom line is in shambles. Canopy Growth Corp (NYSE: CGC) delayed the launch of its much-anticipated cannabis beverages. The setback is a let down for cannabis stock investors […]
Continue ReadingTesla is overvalued at $92.55 billion and has an extreme premium. Its earnings to valuation ratio is almost 10 times bigger than traditional carmakers. TSLA continues to be the most shorted automaker stock, and that’s a positive for the company. Tesla (NASDAQ: TSLA) is valued at $92.55 billion. That is just $8 billion short of […]
Continue ReadingSince 2009 Microsoft’s web browsers have seen a dramatic decline in market share. The new Microsoft Edge aims at recapturing some of that lost market share. That seems unlikely to happen when Edge is now functionally the same as Google Chrome. The war between internet browsers has been raging since 2002 when Firefox came out […]
Continue ReadingGoldman sold its entire stake in Uber Technologies late last year. The sale netted the investment bank a massive return, despite the stocks poor performance. The IPO system favors Wall Street insiders while leaving retail investors holding the bag. One of the most anticipated IPOs of 2019, Uber Technologies Inc. (NYSE: UBER) turned out to […]
Continue ReadingSony confirms that it will not be attending E3 2020. Some has suggested that this could be the end of E3. Sony is one of several gaming companies that have dropped out of the event. After Sony confirmed that it will not be attending E3 2020, a popular suggestion on social media was that this […]
Continue ReadingBrick-and-mortar game stores have been in decline over the past decade. GameStop’s stock has suffered a massive decline, and the company has announced store closures. It is unclear what part physical games or brick-and-mortar stores will play in the future of the games industry. The age of brick-and-mortar game retailers is coming to a close. […]
Continue ReadingTesla’s Model Y and Ford’s Mustang Mach-E are set to do battle this year. Elon Musk may have a fight on his hands as an analysis of social media data indicates that interest in the Mustang is beating the Model Y in 20 states. When you throw in the upcoming electric Ford F-150, things are […]
Continue ReadingBlackRock CEO Larry Fink has indicated the $7 trillion asset manager intends to divest from fossil fuels to greener investments amid a “climate crisis.” Already a large holder of Tesla stock, this could see the world’s largest holder of fossil fuels invest more heavily in Elon Musk’s buoyant EV manufacturer. Currently trading over $530 per […]
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