BizToc
4) Universal Music vs TikTok: CEO Stands Firm —
In an ongoing standoff, Universal Music CEO refuses to back down on licensing terms with content giant TikTok. #MusicStreamingDispute
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4) Universal Music vs TikTok: CEO Stands Firm —
In an ongoing standoff, Universal Music CEO refuses to back down on licensing terms with content giant TikTok. #MusicStreamingDispute
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BizToc
3) EA Trims Workforce as Gaming Industry Cools —
Electronic Arts announces layoffs of 5%, about 670 employees, as the gaming industry faces a broader contraction. #EALayoffs
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3) EA Trims Workforce as Gaming Industry Cools —
Electronic Arts announces layoffs of 5%, about 670 employees, as the gaming industry faces a broader contraction. #EALayoffs
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BizToc
2) Paramount Struggles with Streaming Wars —
Paramount Global faces significant earnings pressure as it navigates the competitive streaming landscape. #StreamingChallenges
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2) Paramount Struggles with Streaming Wars —
Paramount Global faces significant earnings pressure as it navigates the competitive streaming landscape. #StreamingChallenges
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Offshore
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BizToc
📰 BizToc.com Hourly News Flash
1) Google Market Value Dips by $96B Amid Gemini Woes —
Google sees $96B wiped off market value as CEO Sundar Pichai addresses Gemini ad scandal impact, reassuring investors. #GoogleValueDrop
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📰 BizToc.com Hourly News Flash
1) Google Market Value Dips by $96B Amid Gemini Woes —
Google sees $96B wiped off market value as CEO Sundar Pichai addresses Gemini ad scandal impact, reassuring investors. #GoogleValueDrop
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AkhenOsiris
In best of times, even when having an ER in advance, markets are still hard...we've all been there, "how is this up on that crap report/how is this down on such strong #s"...the $CELH leak, numbers look good, but it doesn't have guidance and who knows what is said on the call tomorrow, can rocket further or digest recent gains
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In best of times, even when having an ER in advance, markets are still hard...we've all been there, "how is this up on that crap report/how is this down on such strong #s"...the $CELH leak, numbers look good, but it doesn't have guidance and who knows what is said on the call tomorrow, can rocket further or digest recent gains
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AkhenOsiris
Does this help BABA black sheep? 🤣 Fuck's sake
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Does this help BABA black sheep? 🤣 Fuck's sake
Alibaba Unveils Big Cloud Price Cuts as AI Rivalry Intensifies trib.al/nZGFoE3 - Bloomberg Marketstweet
Ben's Bites
Klarna AI assistant handles two-thirds of customer service chats in its first month
That’s 2.3M chats which would’ve needed 700 full-time agents
Is this accurate or just a PR move?
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Klarna AI assistant handles two-thirds of customer service chats in its first month
That’s 2.3M chats which would’ve needed 700 full-time agents
Is this accurate or just a PR move?
Update
I tried the chatbot
It's kinda shit.
Did Klarna get great PR because they did a chatbot here? - Simon Taylortweet
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Hidden Value Gems
RT @HiddenValueGems: Best ideas from Pzena PMs:
1️⃣ $C Citi - expense structure has peaked, costs will be coming off, 7-8x PE and a discount to Book Value
2️⃣ $BABA - little optimism despite improving fundamentals. EV is only $80-90B after adjusting for cash and all the incesmtsnts and they generated $20B of FCF in the past 12 months.
1/5
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RT @HiddenValueGems: Best ideas from Pzena PMs:
1️⃣ $C Citi - expense structure has peaked, costs will be coming off, 7-8x PE and a discount to Book Value
2️⃣ $BABA - little optimism despite improving fundamentals. EV is only $80-90B after adjusting for cash and all the incesmtsnts and they generated $20B of FCF in the past 12 months.
1/5
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Offshore
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Hidden Value Gems
The problems faced by the Tobacco companies:
➡️"[US] Smokers are switching to smoke-free products such as vapes in higher numbers than expected. If the trend continues, it will only take another three years for cigarettes’ share to slip below 50%."
➡️"Cigarette companies’ defense against falling volumes has long been their amazing ability to raise prices. Between 2018 and 2023, Altria grew its operating profit by 27%, even as cigarette industry volumes in the U.S. shrank by more than a fifth."
➡️"But the old trick may be stalling...If companies want to remain as profitable as they have been in the past, they need to grow their smoke-free brands quickly. Progress looks mixed. At BAT, sales of smokeless products grew 21% last year but they still generate less than a fifth of the company’s total revenue. Altria’s on! nicotine pouches are booming, but its smokeless portfolio is small."
➡️"PMI, which owns the Marlboro brand outside the U.S., started investing in smokeless products earlier than its rivals and they now account for 40% of its net revenue. The company will take over the U.S. rollout of its IQOS heated tobacco sticks in May."
via @WSJ
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The problems faced by the Tobacco companies:
➡️"[US] Smokers are switching to smoke-free products such as vapes in higher numbers than expected. If the trend continues, it will only take another three years for cigarettes’ share to slip below 50%."
➡️"Cigarette companies’ defense against falling volumes has long been their amazing ability to raise prices. Between 2018 and 2023, Altria grew its operating profit by 27%, even as cigarette industry volumes in the U.S. shrank by more than a fifth."
➡️"But the old trick may be stalling...If companies want to remain as profitable as they have been in the past, they need to grow their smoke-free brands quickly. Progress looks mixed. At BAT, sales of smokeless products grew 21% last year but they still generate less than a fifth of the company’s total revenue. Altria’s on! nicotine pouches are booming, but its smokeless portfolio is small."
➡️"PMI, which owns the Marlboro brand outside the U.S., started investing in smokeless products earlier than its rivals and they now account for 40% of its net revenue. The company will take over the U.S. rollout of its IQOS heated tobacco sticks in May."
via @WSJ
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Hidden Value Gems
6⃣ "Controlling shareholders can make the stock price fall and then make minority shareholders sell
to them."
7⃣"If control changes, only the controlling shareholders get the premium."
8⃣"Directors’ loyalty is to the company, not shareholders." hermes-investment.com/upload…
5/5
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6⃣ "Controlling shareholders can make the stock price fall and then make minority shareholders sell
to them."
7⃣"If control changes, only the controlling shareholders get the premium."
8⃣"Directors’ loyalty is to the company, not shareholders." hermes-investment.com/upload…
5/5
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Hidden Value Gems
5⃣"While such buybacks at cheap valuations theoretically benefit all shareholders, the shares bought back are not cancelled. They remain available – if necessary – to be on-sold by directors to friendly parties if control ever needs to be more fully secured."
4/5
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5⃣"While such buybacks at cheap valuations theoretically benefit all shareholders, the shares bought back are not cancelled. They remain available – if necessary – to be on-sold by directors to friendly parties if control ever needs to be more fully secured."
4/5
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Hidden Value Gems
3⃣ "Low dividends keep cash receipts and stock prices down – just the way many controlling shareholders like it."
4⃣ "The creative methods some controlling shareholders use to extract cash": related party transactions (e.g. selling property to the company they control at eye-popping valuation, royalty payments).
3/5
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3⃣ "Low dividends keep cash receipts and stock prices down – just the way many controlling shareholders like it."
4⃣ "The creative methods some controlling shareholders use to extract cash": related party transactions (e.g. selling property to the company they control at eye-popping valuation, royalty payments).
3/5
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