Hunting for “10 baggers” – how the UK beat the US February 9, 2022 The ups and downs of US technology stocks dominate headlines. Before this year’s tech correction it would have been hard to miss the news, for instance, that Apple’s market capitalisation had exceeded $3 trillion. That was not too far short of the entire value of the UK stock market. What is less well known, however, [...]
Apple rolls out ‘tap to pay’ feature to turn iPhones into payment terminals February 8, 2022 Apple will roll out a new feature that allows businesses to accept credit cards and digital payments via iPhone.
2001 named best year for top hit albums February 8, 2022 New research has revealed that 2001 produced the highest number of albums appearing in the top 250, including hits like The Strokes’ ‘Is This It’, Jay-Z’s ‘The Blueprint’ and Bjork’s ‘Vespertine’. The study by Convertr.org analysed the top 250 albums on AlbumOfTheYear.org and found that the albums released that year averaged out a score of 87.9 out [...]
Regulators are playing catch up with digital finance, EU watchdogs warn February 7, 2022 European Union banking watchdogs have warned today that regulation is playing catch up with digital finance as social media platforms and ‘Big tech’ firms increasingly move into the space.
Meta share price plunge sees investors buy up almost 20 times more shares February 7, 2022 New data has revealed that investors purchased 1,828 per cent more shares day after Meta's fourth quarter announcement last week after the tech giant's stock dived 26 per cent.
Is confidence returning to the cryptocurrency markets? February 7, 2022 The price of Bitcoin is currently around $42,500 - up two per cent since yesterday morning and 14 per cent since this time last week.
Bitcoin has flipped Facebook in market cap, but gold still out in front February 6, 2022 Bitcoin has risen above Facebook’s parent company Meta to become the world’s 10th most valuable asset by market cap.
Amazon and Nike eye Peloton bids after valuation plunges from $50bn to $8bn February 5, 2022 Amazon and Nike are reportedly mulling separate bids for Peloton, after calls from an activist investor to sell off the exercise equipment giant. After riding the pandemic high to an eyewatering $50bn valuation 12 months ago, Peloton has backpedalled to a humbler $8bn capitalisation. Activist investor Blackwells Capital, which owns a little under five per [...]
Tech stocks in a valley February 4, 2022 Just when Silicon Valley thought things couldn’t get any worse, they did. Meta tanked over 25 per cent on Wall Street yesterday, losing around $200bn (£147bn) in value, dragging the tech-heavy Nasdaq down along with it.
Cheer up Mark, the share price might have done better in the metaverse… February 4, 2022 Meta faced its worst single-day wipeout yesterday, as shares plunged over 25 per cent, slashing $220bn (£162bn) off the company’s value. It comes after Facebook’s owner reported dismal results on Wednesday night, citing Apple’s privacy changes and “increasing competition” as the key drivers for its demise. “Meta’s quarterly results confirmed what investors were already worried [...]