1102 days ago
Viacom CBS's stock price started to fall last week when the company announced they would issue $3 billion in a new stock offering. It was also downgraded by Well Fargo. What’s changed is Viacom went from a net short position where there was a squeeze, and not a lot of stock available, and then the company issued a lot of new stock, lowering their individual value.
1105 days ago
Ark Invest Management's CEO Cathie Wood said on Thursday that her Ark funds had been hit by the climbing interest rates, but remained confident that this would only be a temporary thing and that the group's strategy of betting on disruptive and high-growth companies would stay relevant.
1105 days ago
Prime Video and Twitch, as well mobile properties run by Verizon Communications Inc. and the league, tallied an average-minute audience of 4.8 million for an exclusive presentation of the league's San Francisco-Arizona match-up, in the best regular-season streaming performance to date. When adding viewership from TV stations in the teams' home markets, the average-minute audience reached 5.9 million, according to the NFL. The league's media partners averaged 15.4 million viewers per game during the 2020 regular season, according to live-plus-same-day data from Nielsen Holdings PLC. The average delivery was down 6.7% from the 16.5 million watchers in 2019, as all five packages sustained audience erosion.
1105 days ago
Chinese tech stocks might not make such a great bargain anymore. The industry saw a $732 billion selloff, the biggest ever seen by the Chinese tech giants, there is likely room for more downside. Many companies such as Tencent Holdings, Alibaba or Baidu still trade at valuations that are well above their last two downturns. The Hang Seng Tech Index plunged 26% from its February high.
1105 days ago
The camera-based approach of Tesla is less accurate than lidar sensors, but at the same time,, it does not rely on HD maps, making it easier to scale. In the same logic, Waymo will take some time to scale, as it is based on lidar and HD mapping. The least scalable system though, is ones like Baidu's Apollo,: building out infrastructure sensors to help vehicles identify road signs and traffic.
