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932 days ago

Cathie Wood sells some Tesla for Robinhood

Ark Investment Management LLC funds sold almost 89,000 shares in Tesla and added more than 236,000 of Robinhood, according to the firm’s daily trading update. They’ve added about 390,000 Robinhood shares so far this month. Wood has unloaded $200M of Tesla this month and buys $10M Robinhood as stock trades 43% below peak. @Bloomberg 

#Stocks #Technology

937 days ago

The rise of mobile gaming: charted history of arcade, consoles, PCs & mobile

Mobile gaming now represents the lion's share of all computer games.

#Technology
The rise of mobile gaming: charted history of arcade, consoles, PCs & mobile

946 days ago

Despite policymakers limiting children's playing time, gaming stocks in China are surging

Despite new laws limiting gaming time for youngsters under the age of 18, major Chinese gaming stocks surged on Wednesday. Bilibili's Hong Kong-listed shares rose 6.25%, while NetEase rose 6.42%. Tencent, on the other hand, gained 1.5% on the day. The new laws, according to companies and analysts, are unlikely to have a significant financial impact on China's gaming companies. Source: CNBC 

#Technology

946 days ago

Databricks valuation jumps to $38B with ARR past $600M, but more growth is anticipated in the price tag.

Databricks, a data management company, funding reached $3.5B with a notable raise of $1B pressing up its $38B valuation. Databricks has reached the $600M ARR milestone, an ARR representing a 75% growth figure. One of the reasons the operations is working so well is that it operates on a consumption model. Databrick's competitor Snowflake went public last year with a market cap of $83B. Per the math however, Databricks' new valuation takes into account a lot of growth anticipation, which it will need to live up to in the coming months to justify its IPO price tag. Source. TechCrunch 

#Technology

946 days ago

Will Europe's tech giant perform ever again?

Europe Stoxx 600 index has been having a killer last few periods but the same cannot be said about Prosus, Europe's largest consumer internet company and global tech investor. Prosus invests heavily in China with Tencent amongst its stock but the spread between QQQ and PRX is widening widely. Prosus however, doubled down on its investment in India on Tuesday with a $4.7 billion deal for payments platform BillDesk, making it one of the biggest players in the country's fast-growing fintech sector. The payment space has been quite attractive lately, with the pandemic accelerating transaction volumes. BillDesk processed $92B of payments by March 31st, 2021. Source: TME, Reuters

#Technology
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