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 [...]
Snap shares skyrocket 30 per cent as it records user boom February 3, 2022 Snap reported better-than-expected fourth quarter revenue and user growth today, and provided a first quarter outlook that surpassed analyst estimates, sending its shares up 30 per cent in trading after the bell. The results indicate Snap has avoided additional damage from Apple’s privacy changes, which were introduced last year and allow users to prevent apps [...]
Pinterest’s active users drop as pandemic boom wanes February 3, 2022 Pinterest monthly active users declined six per cent during the fourth quarter to the lowest since June 2020, signalling that a pandemic-driven surge in demand was cooling off as easing restrictions encourage people to step out more. The image sharing platform’s monthly active users (MAUs) – a key metric that shows engagement levels on the [...]
Looking at a metaversal bear market February 3, 2022 Going short, going long, and trying not to catch falling knives around the metaverse, with Dr Chris Kacher.
Meta shares plummet as Wall Street tech bubble begins to burst February 3, 2022 Meta, the parent company of social media platforms Facebook and Instagram, said this evening it was expecting current-quarter revenue below Wall Street expectations, as Apple privacy features keeps businesses from opting to advertise on social media sites.
Google parent Alphabet beats revenue estimates bringing it closer to $2 trillion club February 2, 2022 Google parent Alphabet beat analysts’ estimates for quarterly revenue last night, as businesses spent heavily on online ads to attract customers during the Christmas shopping period. Revenue rose to $75.33bn (£55.69bn) in the fourth quarter from $56.90bn (£42.1bn) a year earlier, well above Wall Street estimates of $72.17bn (£53.35bn), according to IBES data from Refinitiv. [...]