1056 days ago
problem is that Airbnb’s exposure to reopening might already be priced in. Even though its shares have retreated 37% from their February high, they are still trading at 15 times forward sales. By comparison, Booking fetches less than 8 times and Expedia less than 3 times. Quarterly projections remain high on steady booking expectations.
1056 days ago
Her flagship ARK Innovation ETF (ARKK) has fallen about 35% from its high. Still, the mass exodus some had anticipated during a period of underperformance hasn’t yet materialized, with traders pulling just $76 million from the fund in April and $301 million so far in May, compared to the $7.1 billion added in the first three months of the year.
1057 days ago
Samsung is boosting its spending by 30% to $151 billion through 2030 while Hynix is committing $97 billion to expansion at existing facilities in addition to its $106 billion plan for four new plants in Yongin.
1057 days ago
Florida-based cannabis company Trulieve (TCNNF) set a new record Monday with its $2.1 billion all-stock deal to acquire Arizona-based Harvest Health. The combination sets Trulieve up to increase its national footprint from six states to 11, and sets it up to be the most profitable multi-state operator with adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) forecasted to top $460 million on the year.
1057 days ago
After SoftBank reported the highest net income ever seen on Japanese markets, a figure equal to 1.93 trillion yen, (or about twice what second best Toshiba could do), the share price fell. Company IRR is up from a year ago but technology equity prospects are down as markets are seeing a general sell-off derived from inflationary concerns going forward.
