⚡️Tesla will be added to S&P 500 index on Dec, 21.
Stock jumps 13%.
https://www.cnbc.com/2020/11/16/tesla-stock-jumps-on-news-company-is-joining-sp-500.html
Stock jumps 13%.
https://www.cnbc.com/2020/11/16/tesla-stock-jumps-on-news-company-is-joining-sp-500.html
CNBC
Tesla stock jumps on carmaker's addition to the S&P 500
Tesla will join the S&P 500 effective prior to trading on Monday, Dec. 21.
⚡️After 12 years in business Airbnb files for IPO and plans to trade under the symbol "ABNB” on the Nasdaq.
The company was last valued at $18 billion in 2020, compared to $38 billion in 2019.
For the first 9 months of the year, Airbnb's revealed a revenue of $2.5 billion and a net loss of $696.9 million, down from $3.7 billion in revenue and $322.8 million in losses during the same period last year.
https://www.businessinsider.com/airbnb-files-s1-public-ipo-paperwork-revenue-losses-covid-19-2020-11
The company was last valued at $18 billion in 2020, compared to $38 billion in 2019.
For the first 9 months of the year, Airbnb's revealed a revenue of $2.5 billion and a net loss of $696.9 million, down from $3.7 billion in revenue and $322.8 million in losses during the same period last year.
https://www.businessinsider.com/airbnb-files-s1-public-ipo-paperwork-revenue-losses-covid-19-2020-11
Business Insider
Airbnb's IPO filing reveals exactly how the pandemic has devastated its business — and the startup is already projecting a winter…
Airbnb has lost nearly $700 million this year as travel slowed. Despite turning a profit last quarter, it expects bookings to drop again next quarter.
⚡️If you can’t beat them - hire them!
Twitter appoints Peiter Zatko, one of the world's best-regarded hackers also known as Mudge as head of security.
In July this year Twitter accounts of major companies and high-profile users including Elon Musk, Bill Gates and Jeff Bezos were compromised as the result of a security breach.
https://www.reuters.com/article/us-twitter-security-idUSKBN27W2MB
Twitter appoints Peiter Zatko, one of the world's best-regarded hackers also known as Mudge as head of security.
In July this year Twitter accounts of major companies and high-profile users including Elon Musk, Bill Gates and Jeff Bezos were compromised as the result of a security breach.
https://www.reuters.com/article/us-twitter-security-idUSKBN27W2MB
Reuters
Twitter names famed hacker 'Mudge' as head of security
Social media giant Twitter <TWTR.N> Inc, under increased threat of regulation and plagued by serious security breaches, is appointing one of the world's best-regarded hackers to tackle everything from engineering missteps to misinformation.
⚡️Robinhood might go public in Q1 2021.
The company was valued $11.7 billion as of September.
https://www.bloomberg.com/news/articles/2020-11-17/robinhood-is-said-to-seek-advisers-for-potential-ipo-next-year
The company was valued $11.7 billion as of September.
https://www.bloomberg.com/news/articles/2020-11-17/robinhood-is-said-to-seek-advisers-for-potential-ipo-next-year
Bloomberg
Robinhood Seeks Advisers for Potential IPO Next Year
Robinhood Markets, the trading platform that’s proved popular with novice investors, has asked banks to pitch for roles in an initial public offering, according to people with knowledge of the matter.
⚡️Post-election grilling of Facebook and Twitter CEOs by the Senate.
https://www.nytimes.com/live/2020/11/17/technology/twitter-facebook-hearings
https://www.nytimes.com/live/2020/11/17/technology/twitter-facebook-hearings
Nytimes
Zuckerberg and Dorsey Face Harsh Questioning From Lawmakers (Published 2020)
Mark Zuckerberg of Facebook and Jack Dorsey of Twitter testified about their platforms, misinformation and the 2020 election.
⚡️Nvidia beats analyst expectations on income and revenue for third fiscal quarter.
Nvidia reported income of $1.34 billion in Q3 compared with $899 million in this year-ago period.
Revenue soared to $4.73 billion from $3.01 billion in the year-ago quarter.
https://on.mktw.net/2UGIxPO
Nvidia reported income of $1.34 billion in Q3 compared with $899 million in this year-ago period.
Revenue soared to $4.73 billion from $3.01 billion in the year-ago quarter.
https://on.mktw.net/2UGIxPO
MarketWatch
Nvidia sales and earnings hit records as videogame and server chips surge
Nvidia Corp.'s quarterly results blew past estimates to set records in the extended session Wednesday as sales rocketed past the $4 billion milestone for the...
⚡️Google takes on banking.
Google will let users open bank account through Google Pay app (in partnership with Citi) and send money to other users similar to Venmo.
https://www.cnbc.com/2020/11/18/google-moves-into-venmo-and-banking-turf-with-checking-account-app.html
Google will let users open bank account through Google Pay app (in partnership with Citi) and send money to other users similar to Venmo.
https://www.cnbc.com/2020/11/18/google-moves-into-venmo-and-banking-turf-with-checking-account-app.html
CNBC
Google moves into Venmo and bank territory with checking accounts and updated payment app
Google will let you open a bank account or pay friends through the new version of its app rolling out Wednesday.
⚡️Apple is lowering the App Store fee to 15% from 30% for developers who produce as much as $1 million in annual revenue from their apps and those who are new to the store.
Spotify and Epic Games remain unsatisfied as they don’t fall into that category.
Income from app developers has been key to Apple’s growing services business, which reached almost $54 billion in revenue in 2020.
https://www.bloomberg.com/news/articles/2020-11-18/apple-to-cut-app-store-fees-in-half-to-15-for-most-developers
Spotify and Epic Games remain unsatisfied as they don’t fall into that category.
Income from app developers has been key to Apple’s growing services business, which reached almost $54 billion in revenue in 2020.
https://www.bloomberg.com/news/articles/2020-11-18/apple-to-cut-app-store-fees-in-half-to-15-for-most-developers
Bloomberg
Apple to Cut App Store Fees in Half for Most Developers
Apple Inc. is cutting by half the fees charged to most developers who sell software and services on the App Store, marking the biggest change to the store’s revenue structure since the iPhone maker launched the service in 2008. That wasn’t enough for some…
⚡️Affirm files for IPO.
Affirm expects to list its Class A shares on the Nasdaq under the ticker AFRM.
The San Francisco company disclosed that revenue nearly doubled in the past fiscal year and surpassed half a billion dollars, rising to $509.5 million.
https://on.mktw.net/3pIcQDZ
Affirm expects to list its Class A shares on the Nasdaq under the ticker AFRM.
The San Francisco company disclosed that revenue nearly doubled in the past fiscal year and surpassed half a billion dollars, rising to $509.5 million.
https://on.mktw.net/3pIcQDZ
MarketWatch
Affirm, PayPal co-founder’s fintech startup, files for IPO
Affirm Holdings Inc. filed for an initial public offering Wednesday, giving a member of the "PayPal Mafia" yet another chance to score Wall Street riches.
⚡️What will happen to Snap in 5 years?
If Snap’s monetization progress were to mirror Facebook’s from the early 2010s, the company could see revenue grow to $19 billion by 2027 from about $2.5 billion and be valued at $200 billion.
Snap is currently worth about $60 billion.
https://www.marketwatch.com/story/snap-could-be-worth-200-billion-in-5-years-analyst-says-11605807838
If Snap’s monetization progress were to mirror Facebook’s from the early 2010s, the company could see revenue grow to $19 billion by 2027 from about $2.5 billion and be valued at $200 billion.
Snap is currently worth about $60 billion.
https://www.marketwatch.com/story/snap-could-be-worth-200-billion-in-5-years-analyst-says-11605807838
MarketWatch
Snap could be worth $200 billion in 5 years, analyst says
Snap Inc.'s "undeniably strong" revenue momentum puts the company on a path to follow in Facebook Inc.'s footsteps, according to an analyst, and that could...
⚡️A good read on all November tech IPOs - DoorDash, Airbnb, Affirm, Roblox and Wish.
Revenue and net loss figures included.
https://www.cnbc.com/2020/11/21/key-points-from-doordash-airbnb-roblox-wish-affirm-s-1-filings.html
Revenue and net loss figures included.
https://www.cnbc.com/2020/11/21/key-points-from-doordash-airbnb-roblox-wish-affirm-s-1-filings.html
CNBC
Tech companies are lining up to go public — here's what we learned from the most recent wave of IPO filings
Some of the hottest consumer internet companies are going public before year-end, and all have Covid stories to tell investors.
⚡️Snap just launched a new feature - Spotlight that works like TikTok and Instagram Reels.
Spotlight will show users the top snaps that have been submitted for consideration by the app’s more than 249 million daily users in a feed that they can swipe or tap through. Spotlight snaps will play in a continuous loop until users swipe to the next one.
https://www.cnbc.com/2020/11/23/snap-launching-a-competitor-to-tiktok-and-instagram-reels.html
Spotlight will show users the top snaps that have been submitted for consideration by the app’s more than 249 million daily users in a feed that they can swipe or tap through. Spotlight snaps will play in a continuous loop until users swipe to the next one.
https://www.cnbc.com/2020/11/23/snap-launching-a-competitor-to-tiktok-and-instagram-reels.html
CNBC
Snap is launching a competitor to TikTok and Instagram Reels
Snap just announced the launch of Spotlight, a Snapchat feature that functions like TikTok and Instagram Reels.
⚡️Tesla market cap soared to $498 billion.
Elon Musk projected in 2015 that company’s market cap would increase to $700 billion in 2025. Looks like Tesla is easily outpacing the forecast.
https://markets.businessinsider.com/news/stocks/tesla-500-billion-market-cap-elon-musk-self-driving-cars-2020-11-1029830601
Elon Musk projected in 2015 that company’s market cap would increase to $700 billion in 2025. Looks like Tesla is easily outpacing the forecast.
https://markets.businessinsider.com/news/stocks/tesla-500-billion-market-cap-elon-musk-self-driving-cars-2020-11-1029830601
Business Insider
Tesla just surged past $500 billion in market value. Elon Musk predicted self-driving cars would boost it to that level
The electric-car maker's market capitalization has soared more than 11-fold since Musk's forecast in May 2019.
⚡️Big fintech players PayPal and Square are buying up most of the new Bitcoins coming on the market. That drives BTC price to rise over $18,000.
The Bitcoin network issues new BTC on a fixed and predetermined schedule. Only 6.25 new BTCs are mined every 10 minutes.
https://www.coindesk.com/bitcoin-shortage-pantera-thinks-market-rally-driven-by-paypal-buys
The Bitcoin network issues new BTC on a fixed and predetermined schedule. Only 6.25 new BTCs are mined every 10 minutes.
https://www.coindesk.com/bitcoin-shortage-pantera-thinks-market-rally-driven-by-paypal-buys
⚡️Saleseforce in talks to acquire Slack!
Slack Technologies shares jumped 24% to $36.58, giving the company a market capitalization of $21 billion.
If the negotiations conclude successfully, a deal could be announced before Slack reports quarterly earnings on Dec. 9.
https://www.reuters.com/article/us-slack-tech-m-a-salesforce-com-idUSKBN2852PA
Slack Technologies shares jumped 24% to $36.58, giving the company a market capitalization of $21 billion.
If the negotiations conclude successfully, a deal could be announced before Slack reports quarterly earnings on Dec. 9.
https://www.reuters.com/article/us-slack-tech-m-a-salesforce-com-idUSKBN2852PA
U.S.
Salesforce to buy workplace app Slack in $27.7 billion deal
Salesforce.com Inc has agreed to buy workplace messaging app Slack Technologies Inc in a $27.7 billion deal, the biggest by the cloud-computing pioneer as it bets on an extended run for remote working and sharpens its rivalry with Microsoft.
⚡️Facebook’s crypto currency Libra could launch in Jan 2021.
https://www.ft.com/content/cfe4ca11-139a-4d4e-8a65-b3be3a0166be
https://www.ft.com/content/cfe4ca11-139a-4d4e-8a65-b3be3a0166be
Ft
Facebook’s Libra currency to launch next year in limited format
Long-awaited project to arrive as soon as January, with just one dollar-backed coin