Financial Markets

Revan

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He cracked 150b a week or two ago. This should push him above that mark.
You're actually right. So in all likelihood, the richest person in Earth from last year, has/will double his wealth within a year. It is pretty crazy when you think about it.
 

Don Alfredo

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Pretty sure that Facebook is here to stay too. They have bought their rivals, and they have one of the top teams in the world when it comes to Machine Learning which is becoming (if not has already become) the most important thing on the tech.
Yeah I agree they struck gold with buying Whatsapp and Instagram. I just think those two are the future, compared to Facebook where many people in developed countries use it less and less, especially younger ones.

I also think Facebook (the network) is not needed for how the world functions. Without Google you have no Android, Amazon is a major player in logistics, Microsoft is needed for PCs etc.
 

Rado_N

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Amazon's operations are pretty brutal to the market in all honesty. They make enormous amounts from their non commerce sources and so can run that side of things at margins nobody can compete with, or even at a loss, which just destroys the competition.
 

George Owen

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Cheers. I'll have a sniff.


Yeah, I can see there being more downs than ups over next year or two but I think there'll be a lot of innovation in terms of how we'll use it. For example, I read yesterday that a Canadian company has brewed their first and maybe thee first ever cannabis beer.
Pharma-canna is where u want to invest. CBD oils, etc. The big company that manufacture that will do pretty good.
 

Raoul

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Yeah I agree they struck gold with buying Whatsapp and Instagram. I just think those two are the future, compared to Facebook where many people in developed countries use it less and less, especially younger ones.

I also think Facebook (the network) is not needed for how the world functions. Without Google you have no Android, Amazon is a major player in logistics, Microsoft is needed for PCs etc.
I'm surprised Zuckerberg didn't make a bid to buy Twitter earlier this year since Dorsey was having a hard time monetizing it and its stock price dipped as low as 15.
 

Don Alfredo

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I'm surprised Zuckerberg didn't make a bid to buy Twitter earlier this year since Dorsey was having a hard time monetizing it and its stock price dipped as low as 15.
How much would that have costed?

Facebook and Twitter in one hand sounds tempting, but they may actually be a bit too similar? Especially with Twitter lifting the letter count restriction. A few years ago, Facebook had the younger people and fan pages, whereas Twitter was a serious communication channel. Now it‘s mostly 50 years old blokes ranting over immigrants.
 

Raoul

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How much would that have costed?

Facebook and Twitter in one hand sounds tempting, but they may actually be a bit too similar? Especially with Twitter lifting the letter count restriction. A few years ago, Facebook had the younger people and fan pages, whereas Twitter was a serious communication channel. Now it‘s mostly 50 years old blokes ranting over immigrants.
It would've been extremely cheap (by Facebook standards) if they bought it earlier this year. Twitter is quite valuable to the global communications ecosystem and FB could've found a better way to monetize it imo.
 

Pogue Mahone

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It wouldn't happen to Amazon since they have a major competitor in Walmart (and others). Facebook on the other hand would be a prime candidate since they don't have any significant American competitor and are simply gobbling up smaller companies who may one day challenge them.
It’s mad how tightly locked down they have the whole tech sector. The majority of new tech applications are for smartphones. Facebook, Apple and Google all have algorithms that rummage through their app stores and can flag any app that starts to get some traction (like, say, Instagram - few years ago) so they can snap it up before any other investors see an opportunity and before the company becomes a player in its own right.
 

Raoul

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It’s mad how tightly locked down they have the whole tech sector. The majority of new tech applications are for smartphones. Facebook, Apple and Google all have algorithms that rummage through their app stores and can flag any app that starts to get some traction (like, say, Instagram - few years ago) so they can snap it up before any other investors see an opportunity and before the company becomes a player in its own right.
Yeah I think at some point the acquisitions are going to have to slow down otherwise the government will start to take notice re: monopolies. Apple was actually rumored to be looking at making a bid for Netflix a while back. That would've created the first 1 trillion market cap company. Glad it didn't happen.
 

Nikhil

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How much would that have costed?

Facebook and Twitter in one hand sounds tempting, but they may actually be a bit too similar? Especially with Twitter lifting the letter count restriction. A few years ago, Facebook had the younger people and fan pages, whereas Twitter was a serious communication channel. Now it‘s mostly 50 years old blokes ranting over immigrants.
FB and Twitter aren't exactly similar though. Facebook is used by individuals to keep in touch with people they know and share pictures and content. There are also groups and pages for people belonging to companies, communities, colleges, professionals etc with the purpose to help each other and share content. Twitter is for microblogging and getting news out quickly.
 

Raoul

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FB and Twitter aren't exactly similar though. Facebook is used by individuals to keep in touch with people they know and share pictures and content. There are also groups and pages for people belonging to companies, communities, colleges, professionals etc with the purpose to help each other and share content. Twitter is for microblogging and getting news out quickly.
You can do most of that on Twitter as well. They have private groups etc.
 

Fridge chutney

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FB and Twitter aren't exactly similar though. Facebook is used by individuals to keep in touch with people they know and share pictures and content. There are also groups and pages for people belonging to companies, communities, colleges, professionals etc with the purpose to help each other and share content. Twitter is for microblogging and getting news out quickly.
They are not similar in certain respects but they compete for the same consumer attention and by extension advertising dollars.
 

oneniltothearsenal

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They are not similar in certain respects but they compete for the same consumer attention and by extension advertising dollars.
There is a big difference though that I personally think is crucial to the way Facebook trumps Twitter in advertising effectiveness.

Facebook pivoted their monetization strategy towards trying to coerce everyone into verifying and using their true names around 2010 (iirc). They moved away from their strategy of encouraging fake accounts to boost participation in the popular Zynga mobile games at the time. They didn't realize it right away but by switching their social network towards real identities they completely solidified the real life social connection aspect. Most people's social networks on Facebook are almost entirely people they actually know or have met or at least have personally interacted with in some way. On Twitter this is drastically different. Just for me, on Facebook 100% of my friends are people I not only know in real life but have had some type of strong interaction with. On Twitter I follow a handful of random people and only have random people following me.

The difference this creates is in trust. From what I have found, people 'trust' things that pop up on their Facebook feed a lot more than they trust their Twitter feed. On Facebook people have been trained to think of what they see on their timeline as a collection of all their real life friends and family interests. So an Ad that pops up on Facebook generally is seen as more trustworthy as people assume its something their friends have liked or something. Opposed to an ad that pops up on Twitter because Twitter networks are known for being much more random and open ended rather than FB's family and friend based.

I think Facebook basically stumbled, fumbled and lucked into their current advertising profit model because they failed for so long to monetize effectively. Twitter still can't properly monetize because as an advertising platform, in my opinion, they are only suited to under €50 retail fads that don't require trust in the seller base.
 

balaks

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Winkelvoss twins fail again to get their own Bitcoin ETF off the ground

Expected. There will be another indicator in August on future ETF. It will happen eventually though probably not till next year.
 

Adisa

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Inevitable. Going to look worse when they have gotten rid of dormant or fake accounts.
 

Jippy

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Winkelvoss twins fail again to get their own Bitcoin ETF off the ground

Are there no bitcoin or other crypto ETFs listed in the US? We have a bunch of them over here.

On the Amazon front, will be interesting to see how deep they go into pharmaceutical distribution and how their logistics business pans out- two potential big structural growth drivers.
 

Fridge chutney

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There is a big difference though that I personally think is crucial to the way Facebook trumps Twitter in advertising effectiveness.

Facebook pivoted their monetization strategy towards trying to coerce everyone into verifying and using their true names around 2010 (iirc). They moved away from their strategy of encouraging fake accounts to boost participation in the popular Zynga mobile games at the time. They didn't realize it right away but by switching their social network towards real identities they completely solidified the real life social connection aspect. Most people's social networks on Facebook are almost entirely people they actually know or have met or at least have personally interacted with in some way. On Twitter this is drastically different. Just for me, on Facebook 100% of my friends are people I not only know in real life but have had some type of strong interaction with. On Twitter I follow a handful of random people and only have random people following me.

The difference this creates is in trust. From what I have found, people 'trust' things that pop up on their Facebook feed a lot more than they trust their Twitter feed. On Facebook people have been trained to think of what they see on their timeline as a collection of all their real life friends and family interests. So an Ad that pops up on Facebook generally is seen as more trustworthy as people assume its something their friends have liked or something. Opposed to an ad that pops up on Twitter because Twitter networks are known for being much more random and open ended rather than FB's family and friend based.

I think Facebook basically stumbled, fumbled and lucked into their current advertising profit model because they failed for so long to monetize effectively. Twitter still can't properly monetize because as an advertising platform, in my opinion, they are only suited to under €50 retail fads that don't require trust in the seller base.
Facebook also has much richer data about their users. People voluntarily provide Facebook with much more information about themselves than Twitter. Also, having bought whatsapp and Instagram, they have more data sources feeding their consumer profiles, and they've also created an environment of logged-in states persistent across desktop and mobile and different web properties, resulting in even richer and more robust data sets. This is another reason why one tends to trust advertisements more on Facebook than Twitter: they are more relevant (because Facebook knows more about you) and thus you are less likely to ignore them.

What this means is that Facebook, as a marketing platform, is much more effective for advertisers than Twitter, which is one of the reasons why Facebook wins so much advertising revenue compared to Twitter.

The reason their stock tanked, apart from slow user growth, was that legislation out of Europe meant that there are more rules around using consumer data. Facebook provided a bearish outlook as a result (I expect it's a matter of time before other companies with similar revenue streams do something similar) but Facebook stands to strengthen as a result of this legislation compared to their competitors, in my opinion, so I see them weathering this storm in the medium-to-long term.
 

balaks

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Are there no bitcoin or other crypto ETFs listed in the US? We have a bunch of them over here.

On the Amazon front, will be interesting to see how deep they go into pharmaceutical distribution and how their logistics business pans out- two potential big structural growth drivers.

Not yet but they are coming.
 

Raoul

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Inevitable. Going to look worse when they have gotten rid of dormant or fake accounts.
Its probably the bots/fake accounts as you say. They are down bigly today but are still up about 150% for the year.
 

Raoul

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Insane amount of volume just came into FB at the opening. Someone is taking a massive position.
 

Green_Red

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Yeah I agree they struck gold with buying Whatsapp and Instagram. I just think those two are the future, compared to Facebook where many people in developed countries use it less and less, especially younger ones.

I also think Facebook (the network) is not needed for how the world functions. Without Oracle you have no Android, Amazon is a major player in logistics, Microsoft is needed for PCs etc.
Fixed...
 

Revan

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The last month has been a bloodbath for some of the top tech companies: Facebook has gone down 10% (again), Amazon has gone down 17%, Alphabet has gone down 12%, Nvidia has gone down 26%(!!!), EA down 20%, Tencent down 19%. Microsoft has done well by going down only 4%, while Apple has gone down only 3%.

Anyone has any idea why this is happening? Especially surprised with Nvidia whom on products have been doing better than ever, but has lost more than a quarter of its shares' value per one month.

Somehow Tesla has gone up 17%.
 

Fridge chutney

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I'm thinking about Amazon as a buy for a long-term hold.
Yeah now seems to be a good time to value-buy into that stock for a long term position. I took a position when it was sub 1000 and was thinking of adding to it now.
 

Fridge chutney

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The last month has been a bloodbath for some of the top tech companies: Facebook has gone down 10% (again), Amazon has gone down 17%, Alphabet has gone down 12%, Nvidia has gone down 26%(!!!), EA down 20%, Tencent down 19%. Microsoft has done well by going down only 4%, while Apple has gone down only 3%.

Anyone has any idea why this is happening? Especially surprised with Nvidia whom on products have been doing better than ever, but has lost more than a quarter of its shares' value per one month.

Somehow Tesla has gone up 17%.
When the Nasdaq suffers Nvidia suffers heavily because demand for their products is driven by a lot of nasdaq companies.

Nvidia's stock took off when their gaming technology started being applied to machine learning processing, thus creating a massive new demand for their products.
 

Revan

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When the Nasdaq suffers Nvidia suffers heavily because demand for their products is driven by a lot of nasdaq companies.

Nvidia's stock took off when their gaming technology started being applied to machine learning processing, thus creating a massive new demand for their products.
Indeed, and now they are doing better than ever on that aspect, having created a monopoly, and demand for ML being higher than ever, which among others it allows NVidia to sell dedicated ML boxes like DGX. However, their stock is on free fall which came to me surprising, cause I had Nvidia right there with Amazon as a safe stock.

On another note, does anyone know how easy/difficult is to transfer stocks if you change the country. Specifically asking for Switzerland-Italy transfer.
 

George Owen

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Indeed, and now they are doing better than ever on that aspect, having created a monopoly, and demand for ML being higher than ever, which among others it allows NVidia to sell dedicated ML boxes like DGX. However, their stock is on free fall which came to me surprising, cause I had Nvidia right there with Amazon as a safe stock.

On another note, does anyone know how easy/difficult is to transfer stocks if you change the country. Specifically asking for Switzerland-Italy transfer.
maybe the new generation GPUs GTX20XX are not performing/selling as expected?
 

utdalltheway

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Yeah now seems to be a good time to value-buy into that stock for a long term position. I took a position when it was sub 1000 and was thinking of adding to it now.
I bought Amazon at a low in February and again yesterday so looking at it for the long term too.
The avg target price is about $2,160 and in years to come it should go well beyond that.
 

Fridge chutney

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Indeed, and now they are doing better than ever on that aspect, having created a monopoly, and demand for ML being higher than ever, which among others it allows NVidia to sell dedicated ML boxes like DGX. However, their stock is on free fall which came to me surprising, cause I had Nvidia right there with Amazon as a safe stock.

On another note, does anyone know how easy/difficult is to transfer stocks if you change the country. Specifically asking for Switzerland-Italy transfer.
Just my opinion and I could be wrong, but i get the sense that a lot of medium- and long-term potential is priced into Nvidia and Amazon given their growth over the past 36 months, fundamentals and general market/category positions. Apple and Microsoft are more mature businesses so the long term growth potential isn't priced so heavily into the stocks, shielding them somewhat from such rapid deteriorations comparatively. Nvidia could be a good buy right now for the long-term but the market is tetchy at the moment so trying to make a quick buck could backfire badly.