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1169 days ago

Alibaba's shares rally after the return of Jack Ma

We had no news from the richest man in China for 3 months. The Alibaba stock took a hit, after suspicions that he was "detained" by Chinese authorities. Following is reappearance, Alibaba ADRs were up 7.7% yesterday to $271, and Alibaba's stock on the Hong Kong stock exchange jumped 8.5%.

#Stocks #Technology
Alibaba's shares rally after the return of Jack Ma

1170 days ago

Amazon Prime members reach 142 million in the US

Expectations made by Statista were not far off, as they predicted 142.5 million Prime subscribers by the end of 2020. Data shows that more and more shoppers are opting in for a full year. 

#Stocks #Technology
Amazon Prime members reach 142 million in the US

1170 days ago

Four dominant firms rally as industrial robot demand roars in China

Japan’s Fanuc and Europe’s ABB control nearly three-quarters of China’s industrial-robot market. Hopes in China that the government will push more for local content in the robotics and automation supply chain is up. Stocks of Chinese automation firms have jumped. Shares in Shenzhen Inovance Technology, have tripled since the beginning of 2020. Industrial robot maker Estun Automation’s shares have also rallied. Source: WSJ

#Technology

1171 days ago

Nice work if you can get it! Tech companies with soaring stocks & no profit

A new form of capitalism?.. Of course investors are paying for growth BUT the extent of the price moves and the number of stocks acting like this is yet another possible sign of 'irrational exhuberance'

#Stocks #Macro #Technology
Nice work if you can get it! Tech companies with soaring stocks & no profit

1171 days ago

A list of some alternatives to big tech

The purge of users on big tech platforms including Twitter and Facebook- most prominent of which - the President of the United States - offers an opportunity for alternatives.

#Technology
A list of some alternatives to big tech
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