980 days ago
China's unprecedented crackdown on technology has cause many companies to lose an important share of their market capitalization, but Tencent is the biggest loser this month, as shares tumbled 23% in July as of Wednesday, erasing a $170 billion market value. Nine of the top 10 losers in shareholder value this month are Chinese companies, including Meituan and Alibaba Group Holding Ltd. Source: Yahoo Finance, Bloomberg
981 days ago
While Tesla had just missed its half a million cars sold in 2020 by only 450 vehicles, the have already beaten their total sales of 2019 with that of the first half of 2021. Having already sold 386,050 vehicles, they have just beaten 2019 (367,500 cars sold) in half a year only. Source: Statista, Tesla
981 days ago
The Hang Seng Tech Index has slipped dramatically through 2021, even before China's regulatory crackdown. Is this to be taken as a warning sign for the Nasdaq? Source: Stockboardasset
981 days ago
From April to June, 430,000 people cancelled their Netflix subscriptions in the US and Canada. Netflix looks for new ways to retain its 209 million paying subscribers and games might be one way to reduce churn. However, some analysts think that Netflix uses games to distract investors from the company's slowing growth. Source: Financial Times
981 days ago
Chinese investors Advanced Micro Devices Inc. gave a bullish third-quarter sales forecast, indicating it’s gaining market share from Intel Corp. in the lucrative market for server chips. The company predicted that their revenue should be of around $4.1 billion for the second quarter, and annual growth was updated from an expected 50% to an expected 60%. Source: Bloomberg, Yahoo Finance
