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There are multiple headwinds plaguing the industry:</p><ul><li>Demand from cryptocurrency miners has essentially vanished as crypto prices plunge, and a recovery doesn't look likely as the industry buckles under the weight of scandals and frauds.</li><li>The PC market is in shambles, with unit shipments plunging nearly 20% in the third quarter. Excluding <b>Apple</b> products, global PC unit shipments are now below pre-pandemic levels.</li><li>There's way too much channel inventory. As resellers and OEMs work to knock down inventory levels, they're buying at rates lower than end-market demand.</li></ul><h2>Nvidia gains market share</h2><p>Despite the environment, market leader <b>Nvidia</b> strengthened its lead. The company saw its graphics card unit shipments fall just 25% year over year, a better performance than the overall market, while it boosted its market share by 7 percentage points to 86%.</p><p>New RTX 4000 series products may be helping the cause. Nvidia launched the high-end RTX 4090 and RTX 4080 graphics cards in October, and while these aren't high-volume parts, they stand alone at the top of the market for those looking for the absolute best performance. There may have been some benefit for Nvidia late in the quarter as graphics card companies readied for launch.</p><p>Nvidia still expects its gaming business to be weak in the fourth quarter as it finishes clearing out channel inventory. While the company sees higher sales compared to the third quarter, it also expects revenue to come in below end-market demand as inventory issues linger.</p><h2>AMD falls apart</h2><p><b>Advanced Micro Devices</b> has announced new high-end graphics cards, but they don't become available until later this month. The company received no benefit from new products in the third quarter, and it appears its inventory situation was far worse than Nvidia's. AMD saw year-over-year unit shipments plunge 68.8%, far worse than the overall market.</p><p>AMD's unit market share tumbled to just 10%, down from 21% in the prior-year period. The company has made great strides in the graphics card market, and its products go toe-to-toe with Nvidia at various price points. But either AMD, its partners, or both seem to have gotten way ahead of themselves.</p><p>Jon Peddie Research had this to say about irrational behavior in the supply chain: "...disruptions in the supply chain and the time needed to make corrections in the overly enthusiastic production commitments left most suppliers with more inventory than anticipated...there was a serious loss of common sense and historical perspective exhibited by many suppliers that has come home to roost."</p><h2>Intel makes gains</h2><p><b>Intel</b> reentered the discrete graphics card market in early October with the launch of its Arc A750 and Arc A770 graphics cards. These are midrange cards priced aggressively, and they received generally positive reviews.</p><p>The biggest downside is software -- Intel initially tried to leverage drivers for its integrated graphics products, but that strategy didn't work well. The company is now playing catch-up as it fixes issues with specific games and works to ensure its graphics cards support a broad set of popular titles.</p><p>Jon Peddie Research puts Intel's graphics card market share at 4% in the third quarter, up from nothing in the prior-year period. While its Arc cards didn't launch until the beginning of the fourth quarter, shipments to partners prior to that launch are likely what drove Intel's market share gains.</p><p>In the long run, Intel has an opportunity to become a major player in the graphics card industry, giving gamers a third option and breaking the Nvidia-AMD duopoly.</p><h2>Recovery will take time</h2><p>Some sources of demand for graphics cards, namely from cryptocurrency miners, likely aren't coming back. Demand from gamers will eventually recover, although a tough economy may slow down that process. If there is a recession next year, it's hard to imagine demand for graphics cards returning to pandemic boom levels anytime soon.</p><p>Artificial intelligence may end up being a bright spot. Graphics cards are heavily used to train and use AI models, and the technology is making waves as it becomes more sophisticated. ChatGPT from OpenAI, for example, is a recently launched AI-powered chatbot that's capable of some incredible feats.</p><p>One thing is for sure: With Nvidia and AMD in the process of launching new graphics card families, and Intel barging into the market, 2023 is shaping up to be the most competitive year for the graphics card industry in a long time. The era of sky-high prices and shortages is over, and now all three companies are going to have to battle for each and every customer.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMD Is the Big Loser in the Graphics Card Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMD Is the Big Loser in the Graphics Card Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-07 22:00 GMT+8 <a href=https://www.fool.com/investing/2022/12/07/amd-is-the-big-loser-in-the-graphics-card-market/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Unit shipments of graphics cards plunged 31.9% year over year in the third quarter, according to data from Jon Peddie Research, the first decline since the pandemic began. There are multiple headwinds...</p>\n\n<a href=\"https://www.fool.com/investing/2022/12/07/amd-is-the-big-loser-in-the-graphics-card-market/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"source_url":"https://www.fool.com/investing/2022/12/07/amd-is-the-big-loser-in-the-graphics-card-market/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2289143998","content_text":"Unit shipments of graphics cards plunged 31.9% year over year in the third quarter, according to data from Jon Peddie Research, the first decline since the pandemic began. There are multiple headwinds plaguing the industry:Demand from cryptocurrency miners has essentially vanished as crypto prices plunge, and a recovery doesn't look likely as the industry buckles under the weight of scandals and frauds.The PC market is in shambles, with unit shipments plunging nearly 20% in the third quarter. Excluding Apple products, global PC unit shipments are now below pre-pandemic levels.There's way too much channel inventory. As resellers and OEMs work to knock down inventory levels, they're buying at rates lower than end-market demand.Nvidia gains market shareDespite the environment, market leader Nvidia strengthened its lead. The company saw its graphics card unit shipments fall just 25% year over year, a better performance than the overall market, while it boosted its market share by 7 percentage points to 86%.New RTX 4000 series products may be helping the cause. Nvidia launched the high-end RTX 4090 and RTX 4080 graphics cards in October, and while these aren't high-volume parts, they stand alone at the top of the market for those looking for the absolute best performance. There may have been some benefit for Nvidia late in the quarter as graphics card companies readied for launch.Nvidia still expects its gaming business to be weak in the fourth quarter as it finishes clearing out channel inventory. While the company sees higher sales compared to the third quarter, it also expects revenue to come in below end-market demand as inventory issues linger.AMD falls apartAdvanced Micro Devices has announced new high-end graphics cards, but they don't become available until later this month. The company received no benefit from new products in the third quarter, and it appears its inventory situation was far worse than Nvidia's. AMD saw year-over-year unit shipments plunge 68.8%, far worse than the overall market.AMD's unit market share tumbled to just 10%, down from 21% in the prior-year period. The company has made great strides in the graphics card market, and its products go toe-to-toe with Nvidia at various price points. But either AMD, its partners, or both seem to have gotten way ahead of themselves.Jon Peddie Research had this to say about irrational behavior in the supply chain: \"...disruptions in the supply chain and the time needed to make corrections in the overly enthusiastic production commitments left most suppliers with more inventory than anticipated...there was a serious loss of common sense and historical perspective exhibited by many suppliers that has come home to roost.\"Intel makes gainsIntel reentered the discrete graphics card market in early October with the launch of its Arc A750 and Arc A770 graphics cards. These are midrange cards priced aggressively, and they received generally positive reviews.The biggest downside is software -- Intel initially tried to leverage drivers for its integrated graphics products, but that strategy didn't work well. The company is now playing catch-up as it fixes issues with specific games and works to ensure its graphics cards support a broad set of popular titles.Jon Peddie Research puts Intel's graphics card market share at 4% in the third quarter, up from nothing in the prior-year period. While its Arc cards didn't launch until the beginning of the fourth quarter, shipments to partners prior to that launch are likely what drove Intel's market share gains.In the long run, Intel has an opportunity to become a major player in the graphics card industry, giving gamers a third option and breaking the Nvidia-AMD duopoly.Recovery will take timeSome sources of demand for graphics cards, namely from cryptocurrency miners, likely aren't coming back. Demand from gamers will eventually recover, although a tough economy may slow down that process. If there is a recession next year, it's hard to imagine demand for graphics cards returning to pandemic boom levels anytime soon.Artificial intelligence may end up being a bright spot. Graphics cards are heavily used to train and use AI models, and the technology is making waves as it becomes more sophisticated. ChatGPT from OpenAI, for example, is a recently launched AI-powered chatbot that's capable of some incredible feats.One thing is for sure: With Nvidia and AMD in the process of launching new graphics card families, and Intel barging into the market, 2023 is shaping up to be the most competitive year for the graphics card industry in a long time. The era of sky-high prices and shortages is over, and now all three companies are going to have to battle for each and every customer.","news_type":1},"isVote":1,"tweetType":1,"viewCount":47,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9937391507,"gmtCreate":1663368365909,"gmtModify":1676537258362,"author":{"id":"3574571734218942","authorId":"3574571734218942","name":"Tjunyuan","avatar":"https://static.tigerbbs.com/202e8118f3db9146c6ff3b455e175d0e","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile] ","listText":"[Smile] ","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9937391507","repostId":"1186067066","repostType":4,"repost":{"id":"1186067066","pubTimestamp":1663339267,"share":"https://www.laohu8.com/m/news/1186067066?lang=&edition=full","pubTime":"2022-09-16 22:41","market":"us","language":"en","title":"Meta Platforms Could Be The Most Undervalued Technology Company In The Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1186067066","media":"seekingalpha","summary":"SummaryMeta Platforms has declined by more than 50% in 2022, falling much further than the major ind","content":"<html><head></head><body><h2>Summary</h2><ul><li>Meta Platforms has declined by more than 50% in 2022, falling much further than the major indices.</li><li>META is now trading at a valuation that puts its share price at a lower price than it was in parts of 2017.</li><li>META is one of the best-positioned companies from a numbers standpoint, with tens of billions in FCF and a clean balance sheet.</li><li>I believe that META is oversold and can be one of the largest recovery stories in 2023.</li><li>I do much more than just articles at Barbell Capital: Members get access to model portfolios, regular updates, a chat room, and more.</li></ul><p><img src=\"https://static.tigerbbs.com/e894087fef4c63171b4c071ed5165399\" tg-width=\"750\" tg-height=\"485\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Despite increasing its revenue by $78.76 billion (193.73%), gross profit by $60.9 billion (173%), cash from operations by $34.25 billion (141.44%), Free Cash Flow (FCF) by $18.35 billion (104.94%), and net income by $17.72 billion (111.32%) over the prior 5 fiscal years, Meta Platforms (NASDAQ:META) is trading well below the $176.46 per share it closed 2017 with. </p><p>Over the past year, META has declined by -59.88%, and YTD has fallen well below the major idiocies, declining -55.71%. I am asking myself if META is a broken company or a broken stock? I believe META is a quintessential example of a mispriced stock in the market. </p><p>There are countless aspects that impact a company's stock price, but looking past perceptions and opinions, the numbers indicate that META is inaccurately valued. Unless financial fraud is occurring, the numbers disclosed on 10Q and 10K reports cannot be manipulated. </p><p>$1 of revenue and $1 of profit is still $1 of revenue and $1 of profit regardless of which industry a company operates in. If a company's revenue grows from $100 to $150, it doesn't matter if it's a technology company or a pharmaceutical company; the growth rate is 50%. </p><p>My feelings are that too many people are disregarding the Metaverse and using it as a narrative as to why META has lost its way, causing negative perception and uncertainty in its stock. </p><p>At the end of the day, the numbers are the numbers, and META's shares should be trading at a minimum of 80% higher.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/067d21ad0e376f86bcc4225f4d2c7c61\" tg-width=\"640\" tg-height=\"334\" width=\"100%\" height=\"auto\"/><span>Seeking Alpha</span></p><h2><b>The numbers are the numbers, and META is not being valued on what they are accomplishing</b></h2><p>The mentality of buying companies that make things and produce consumer staples during inflationary times needs to be replaced with investing in great companies with solid balance sheets that produce large amounts of profits. Unfortunately, out of all the valuation metrics, there isn't one that is looked at the same way throughout different industries. My opinion is that it's a tie between META and Alphabet (GOOGL) as to which company has the strongest balance sheet in the entire market. Some would say GOOGL as it has more assets, cash, and equity, but there are many similarities between the two. META has $0 in long-term debt, and its cash position of $40.49 billion is 92% of its total liabilities, which includes capital leases. META isn't a profitless tech company, yet its shares have plummeted more than -50% in 2022.</p><p>It is astonishing how investors can justify paying double the Price to Free Cash Flow (FCF) multiple for The Coca-Cola Company (KO) than META, when META produces more than double the amount of FCF, and profits. The Price to FCF metric is a longtime favorite of mine that has recently become popular as FCF has become important again. FCF is often looked at as one of the best measures of profitability as FCF excludes the non-cash expenses of the income statement and includes spending on equipment and assets as well as changes in working capital from the balance sheet. To some investors, FCF is more important to analyze than net income because it's harder to manipulate as it is a true indication of the company's cash. FCF is also the pool of capital that companies can utilize to repay debt, pay dividends, buy back shares, make acquisitions, or reinvest in the business. With every investment, you're paying the current value for a company's present and future cash flow. More commentators on financial networks have discussed the importance of generating FCF in the past 6 months than in the past 3 years.</p><p>I will go through META's financials, but to show how undervalued its shares are, I will compare META to 10 other companies. I am selecting companies from big tech and consumer staples to show the level of FCF produced in different industries and the price to FCF multiple for each company. This comparison will show that the methodology of investing in companies that produce things should be updated to investing in companies that produce strong cash flow, regardless of the industry they operate in. The companies I will compare META to are:</p><ul><li>Apple (AAPL)</li><li>Microsoft (MSFT)</li><li>Amazon (AMZN)</li><li>Alphabet (GOOGL)</li><li>Tesla (TSLA)</li><li>Procter & Gamble (PG)</li><li>The Coca-Cola Company (KO)</li><li>Kimberly-Clark (KMB)</li><li>McDonald's (MCD)</li><li>PepsiCo (PEP)</li></ul><p>In addition to adding the disclosure at the end, I want to be clear prior to the analysis that I am a shareholder of AAPL, AMZN, GOOGL, META, TSLA, and KO. The numbers are the numbers and cannot be manipulated, and I am not cherry-picking information. I will be using the FCF over the TTM as the amount of FCF produced, not a projected Forward FCF number.</p><p>Below is a table of the price to FCF multiple Mr. Market has placed on each of these companies at the close of business on 9/15.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cf7dd587e809c33c52bf46c57ba1993c\" tg-width=\"640\" tg-height=\"204\" width=\"100%\" height=\"auto\"/><span>Seeking Alpha, Steven Fiorillo</span></p><p>First, I will start by comparing META to the consumer staples companies I selected. The average price to FCF across PEP, MCD, KO, PG, and KMB is 27.82x. These companies have an average market cap of $208.34 billion and generate an average of $7.59 billion of FCF. PG is the largest company in this group, with a market cap of $327.86 billion, generating $13.57 billion in FCF, with a price to FCF multiple of 24.17x. KMB has the lowest FCF multiple of 22.65x and generated $1.8 billion of FCF in the TTM.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/96b576061282a7b5f2c693c23d683d0b\" tg-width=\"640\" tg-height=\"125\" width=\"100%\" height=\"auto\"/><span>Seeking Alpha, Steven Fiorillo</span></p><p>When I compare META to these companies, META's share price has fallen off a cliff while these consumer staples have a range of appreciating by 0.39% to declining by -15.63%. They have been safer investments, providing better downside risk mitigation while paying quarterly dividends to shareholders.</p><p>Here is where valuations get interesting. KMB has a market cap of $40.99 billion, generated $1.81 billion of FCF, and trades at a price to FCF multiple of 22.65x. META's market cap is 9.8x larger than KMB, yet it produces 19.8x the amount of FCF than KMB. You can purchase shares of META for a price to FCF multiple of 11.22x, which is slightly less than half the multiple Mr. Market has given KMB at 22.65x. The valuations do not make sense. If you were buying an entire company, would you rather purchase KMB for $40.99 billion when it generates $1.81 billion of FCF or META for $401.92 billion when it generates $35.83 billion in FCF? I would rather buy META at 9.8x the price tag to generate 19.8x more FCF, especially since I am paying a multiple of 11.22x for its FCF.</p><p>If I look at PG instead, PG has a similar market cap to META at $327.86 billion and produces $13.57 billion of FCF. PG is currently trading at a price to FCF multiple of 24.17x. This valuation also doesn't make sense as META is priced at a price-to-FCF ratio that is 53.58% less than PG's. META's market cap is only 22.59% larger than PG's, yet it generates 264.1% more FCF than PG. For an additional $74.06 billion (22.59% larger), you could buy the entire company of META and generate an additional $22.26 billion of annual FCF.</p><p>Looking at the most expensive staple, PEP, the valuations become even more unrealistic. PEP has generated $6.34 billion of FCF in the TTM and trades at a price to FCF multiple of 36.12x. FB has a market cap that's 75.57% larger than PEP, yet it produces 565.32% more FCF than PEP. The market has placed a multiple of more than 3x PEP's FCF on its price compared to how META trades.</p><p>These examples are to illustrate how the market values different types of companies. At the end of the day, the numbers and the numbers, and $1 of FCF is $1 of FCF, it doesn't matter if you're selling Tide laundry detergent, a can of Pepsi, or ads on Facebook. META generates tens of billions more in FCF than these consumer staples and trades at a fraction of the valuation, which in my opinion, is an indication that META is grossly misvalued in the market.</p><p><img src=\"https://static.tigerbbs.com/cd7b41ccbf9f032556a7dc82aaf95a28\" tg-width=\"640\" tg-height=\"334\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/67cf0fd52142b1d0c959b14d640871c3\" tg-width=\"640\" tg-height=\"126\" width=\"100%\" height=\"auto\"/><span>Seeking Alpha, Steven Fiorillo</span></p><p>I wanted to compare META to consumer staple companies first because media commentators have been discussing allocating capital toward defensive companies, which has traditionally meant consumer staples. I believe cash is king and the combination of companies with growing revenues, large profits, large FCF, and clean balance sheets is where capital should be allocated to regardless of the economic environment.</p><p>When I look at META compared to the other large tech companies, META once again looks undervalued. The goal in business is to generate a profit, and AMZN has been operating at a negative FCF and low-profit margin in the TTM, yet its market cap vastly overshadows META's. In the TTM,AMZNhas generated $11.61 billion in net income compared to META's $33.63 billion of net income, yet its market cap is more than 3x the size. AMZN has also generated $35.57 billion of cash from operations in the TTM, placing its FCF at -$29.78 billion as they have allocated $65.36 billion toward CapEx. AMZN has a profit margin of 2.39% compared to META's 28.16%. Looking at AMZN's negative FCF, and low-profit margin, it's hard to justify META's 11.22x price to FCF.</p><p>The market has loved TSLA, and its market cap is on the verge of surpassing $1 trillion. Currently, TSLA has produced $6.94 billion in FCF and trades at a price to FCF multiple of 137.21x. Many investors would say you need to look at TSLA's growth, so I did. Since the close of 2018, TSLA has grown its revenue by $45.71 billion (212.97%) while META has grown its revenue by $63.57 billion (113.85%). While TSLA's growth rate is larger, META has grown its revenue by a significantly larger amount in the same period. Looking at net income, TSLA has grown its net income by $10.5 billion to $9.52 billion since the close of 2018, while META has grown its net income by $11.52 billion to $33.63 billion in the same period. When I look at the growth of TSLA, it's impressive, and TSLA is doing so many things well, but the valuation is broken. TSLA trading at 137.21x its FCF compared to META at 11.22x is, in my opinion, an indication that META is undervalued. Would you rather buy a company for $951.79 billion that produces $6.94 billion in FCF, or a company for $401.92 billion, producing $35.83 billion of FCF?</p><p><img src=\"https://static.tigerbbs.com/7d076a04b04d1dac58a237adf8a51eeb\" tg-width=\"640\" tg-height=\"334\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Even if the Metaverse is a flop, META is paying for its development in cash, isn't taking on debt, and shouldn't be penalized because others can't understand Zuckerberg's vision</b></p><p>One of the reasons I believe META has been discarded is that many investors don't agree with META's play on the Metaverse. Whether the Metaverse will work or become mainstream is a debate that can't be won at this point in time, and we will need to wait and see how the story unfolds. The aspect that can be discussed is how the Metaverse is impacting META's numbers and whether it is a liability.</p><p><img src=\"https://static.tigerbbs.com/d1d73b4ceb140399b8cdf08713b80199\" tg-width=\"640\" tg-height=\"741\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>As I indicated earlier, META has one of the cleanest balance sheets you will ever read. Debt is not in META's vocabulary, as long-term debt will not be found on its balance sheet. META has a cash-to-total liability ratio of 0.92x and can pay off almost every liability tomorrow with a check. Debating if the Metaverse will work is a moot point because, in the end, it doesn't matter. META isn't taking on debt to fund this project, so if it doesn't work, it will be chalked up as an expensive failed experiment, but if it is successful, the Metaverse could become a tremendous revenue generator and profit center. While billions in capital are being spent on the Metaverse, META has also been buying back shares. Over the previous 4 years, META has repurchased 5.37% of its outstanding shares, which amounts to 166.5 million shares.</p><p>Looking forward, META is expected to continue to grow in 2023. In the TTM META has generated $119.41 billion of revenue and produced $12.22 in EPS. The consensus estimates are that META will generate $118.16 billion of revenue in 2022 and $131.1 billion in 2023, and on the high side, those numbers could be $128.54 billion in 2022 and $154.65 billion in 2023.</p><p><img src=\"https://static.tigerbbs.com/5223c386715b658f764c34ae34cd4e94\" tg-width=\"640\" tg-height=\"174\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>META and GOOGL have a duopoly on advertising, and regardless of what AMZN, AAPL, or Netflix (NFLX) plans to incorporate into their platforms, it's hard to run a business without a website, Instagram page, or a Facebook page. If META maintains its profit margin of 28.16%, it could generate $33.28 billion of net income in 2022 based on the analyst consensus and $36.92 billion in 2023. If META exceeds expectations, it could generate over $35 billion of profit in 2022 and $40 billion in 2023. META is being priced as if a fire sale is occurring, and I believe it's due to public perception, not the numbers.</p><h2><b>Conclusion</b></h2><p>The markets may continue to be extremely volatile going into the next Fed meeting, and there is no telling how the markets will react if we receive a 75 basis point increase. META is trading where it did in 2017, yet it's improved in every financial metric and printed tens of billions in profits and FCF annually. While there are no signals that the pain is over, I am continuing to purchase META on the way down. META's current valuation and financials indicate that this is a broken stock, not a broken company. From a numbers standpoint, META looks to be the best buy in big tech and possibly one of the best buys in the market if you have a long-term perspective.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Platforms Could Be The Most Undervalued Technology Company In The Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Platforms Could Be The Most Undervalued Technology Company In The Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-16 22:41 GMT+8 <a href=https://seekingalpha.com/article/4541361-meta-platforms-could-be-most-undervalued-technology-company?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A4><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryMeta Platforms has declined by more than 50% in 2022, falling much further than the major indices.META is now trading at a valuation that puts its share price at a lower price than it was in ...</p>\n\n<a href=\"https://seekingalpha.com/article/4541361-meta-platforms-could-be-most-undervalued-technology-company?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A4\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms"},"source_url":"https://seekingalpha.com/article/4541361-meta-platforms-could-be-most-undervalued-technology-company?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A4","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1186067066","content_text":"SummaryMeta Platforms has declined by more than 50% in 2022, falling much further than the major indices.META is now trading at a valuation that puts its share price at a lower price than it was in parts of 2017.META is one of the best-positioned companies from a numbers standpoint, with tens of billions in FCF and a clean balance sheet.I believe that META is oversold and can be one of the largest recovery stories in 2023.I do much more than just articles at Barbell Capital: Members get access to model portfolios, regular updates, a chat room, and more.Despite increasing its revenue by $78.76 billion (193.73%), gross profit by $60.9 billion (173%), cash from operations by $34.25 billion (141.44%), Free Cash Flow (FCF) by $18.35 billion (104.94%), and net income by $17.72 billion (111.32%) over the prior 5 fiscal years, Meta Platforms (NASDAQ:META) is trading well below the $176.46 per share it closed 2017 with. Over the past year, META has declined by -59.88%, and YTD has fallen well below the major idiocies, declining -55.71%. I am asking myself if META is a broken company or a broken stock? I believe META is a quintessential example of a mispriced stock in the market. There are countless aspects that impact a company's stock price, but looking past perceptions and opinions, the numbers indicate that META is inaccurately valued. Unless financial fraud is occurring, the numbers disclosed on 10Q and 10K reports cannot be manipulated. $1 of revenue and $1 of profit is still $1 of revenue and $1 of profit regardless of which industry a company operates in. If a company's revenue grows from $100 to $150, it doesn't matter if it's a technology company or a pharmaceutical company; the growth rate is 50%. My feelings are that too many people are disregarding the Metaverse and using it as a narrative as to why META has lost its way, causing negative perception and uncertainty in its stock. At the end of the day, the numbers are the numbers, and META's shares should be trading at a minimum of 80% higher.Seeking AlphaThe numbers are the numbers, and META is not being valued on what they are accomplishingThe mentality of buying companies that make things and produce consumer staples during inflationary times needs to be replaced with investing in great companies with solid balance sheets that produce large amounts of profits. Unfortunately, out of all the valuation metrics, there isn't one that is looked at the same way throughout different industries. My opinion is that it's a tie between META and Alphabet (GOOGL) as to which company has the strongest balance sheet in the entire market. Some would say GOOGL as it has more assets, cash, and equity, but there are many similarities between the two. META has $0 in long-term debt, and its cash position of $40.49 billion is 92% of its total liabilities, which includes capital leases. META isn't a profitless tech company, yet its shares have plummeted more than -50% in 2022.It is astonishing how investors can justify paying double the Price to Free Cash Flow (FCF) multiple for The Coca-Cola Company (KO) than META, when META produces more than double the amount of FCF, and profits. The Price to FCF metric is a longtime favorite of mine that has recently become popular as FCF has become important again. FCF is often looked at as one of the best measures of profitability as FCF excludes the non-cash expenses of the income statement and includes spending on equipment and assets as well as changes in working capital from the balance sheet. To some investors, FCF is more important to analyze than net income because it's harder to manipulate as it is a true indication of the company's cash. FCF is also the pool of capital that companies can utilize to repay debt, pay dividends, buy back shares, make acquisitions, or reinvest in the business. With every investment, you're paying the current value for a company's present and future cash flow. More commentators on financial networks have discussed the importance of generating FCF in the past 6 months than in the past 3 years.I will go through META's financials, but to show how undervalued its shares are, I will compare META to 10 other companies. I am selecting companies from big tech and consumer staples to show the level of FCF produced in different industries and the price to FCF multiple for each company. This comparison will show that the methodology of investing in companies that produce things should be updated to investing in companies that produce strong cash flow, regardless of the industry they operate in. The companies I will compare META to are:Apple (AAPL)Microsoft (MSFT)Amazon (AMZN)Alphabet (GOOGL)Tesla (TSLA)Procter & Gamble (PG)The Coca-Cola Company (KO)Kimberly-Clark (KMB)McDonald's (MCD)PepsiCo (PEP)In addition to adding the disclosure at the end, I want to be clear prior to the analysis that I am a shareholder of AAPL, AMZN, GOOGL, META, TSLA, and KO. The numbers are the numbers and cannot be manipulated, and I am not cherry-picking information. I will be using the FCF over the TTM as the amount of FCF produced, not a projected Forward FCF number.Below is a table of the price to FCF multiple Mr. Market has placed on each of these companies at the close of business on 9/15.Seeking Alpha, Steven FiorilloFirst, I will start by comparing META to the consumer staples companies I selected. The average price to FCF across PEP, MCD, KO, PG, and KMB is 27.82x. These companies have an average market cap of $208.34 billion and generate an average of $7.59 billion of FCF. PG is the largest company in this group, with a market cap of $327.86 billion, generating $13.57 billion in FCF, with a price to FCF multiple of 24.17x. KMB has the lowest FCF multiple of 22.65x and generated $1.8 billion of FCF in the TTM.Seeking Alpha, Steven FiorilloWhen I compare META to these companies, META's share price has fallen off a cliff while these consumer staples have a range of appreciating by 0.39% to declining by -15.63%. They have been safer investments, providing better downside risk mitigation while paying quarterly dividends to shareholders.Here is where valuations get interesting. KMB has a market cap of $40.99 billion, generated $1.81 billion of FCF, and trades at a price to FCF multiple of 22.65x. META's market cap is 9.8x larger than KMB, yet it produces 19.8x the amount of FCF than KMB. You can purchase shares of META for a price to FCF multiple of 11.22x, which is slightly less than half the multiple Mr. Market has given KMB at 22.65x. The valuations do not make sense. If you were buying an entire company, would you rather purchase KMB for $40.99 billion when it generates $1.81 billion of FCF or META for $401.92 billion when it generates $35.83 billion in FCF? I would rather buy META at 9.8x the price tag to generate 19.8x more FCF, especially since I am paying a multiple of 11.22x for its FCF.If I look at PG instead, PG has a similar market cap to META at $327.86 billion and produces $13.57 billion of FCF. PG is currently trading at a price to FCF multiple of 24.17x. This valuation also doesn't make sense as META is priced at a price-to-FCF ratio that is 53.58% less than PG's. META's market cap is only 22.59% larger than PG's, yet it generates 264.1% more FCF than PG. For an additional $74.06 billion (22.59% larger), you could buy the entire company of META and generate an additional $22.26 billion of annual FCF.Looking at the most expensive staple, PEP, the valuations become even more unrealistic. PEP has generated $6.34 billion of FCF in the TTM and trades at a price to FCF multiple of 36.12x. FB has a market cap that's 75.57% larger than PEP, yet it produces 565.32% more FCF than PEP. The market has placed a multiple of more than 3x PEP's FCF on its price compared to how META trades.These examples are to illustrate how the market values different types of companies. At the end of the day, the numbers and the numbers, and $1 of FCF is $1 of FCF, it doesn't matter if you're selling Tide laundry detergent, a can of Pepsi, or ads on Facebook. META generates tens of billions more in FCF than these consumer staples and trades at a fraction of the valuation, which in my opinion, is an indication that META is grossly misvalued in the market.Seeking Alpha, Steven FiorilloI wanted to compare META to consumer staple companies first because media commentators have been discussing allocating capital toward defensive companies, which has traditionally meant consumer staples. I believe cash is king and the combination of companies with growing revenues, large profits, large FCF, and clean balance sheets is where capital should be allocated to regardless of the economic environment.When I look at META compared to the other large tech companies, META once again looks undervalued. The goal in business is to generate a profit, and AMZN has been operating at a negative FCF and low-profit margin in the TTM, yet its market cap vastly overshadows META's. In the TTM,AMZNhas generated $11.61 billion in net income compared to META's $33.63 billion of net income, yet its market cap is more than 3x the size. AMZN has also generated $35.57 billion of cash from operations in the TTM, placing its FCF at -$29.78 billion as they have allocated $65.36 billion toward CapEx. AMZN has a profit margin of 2.39% compared to META's 28.16%. Looking at AMZN's negative FCF, and low-profit margin, it's hard to justify META's 11.22x price to FCF.The market has loved TSLA, and its market cap is on the verge of surpassing $1 trillion. Currently, TSLA has produced $6.94 billion in FCF and trades at a price to FCF multiple of 137.21x. Many investors would say you need to look at TSLA's growth, so I did. Since the close of 2018, TSLA has grown its revenue by $45.71 billion (212.97%) while META has grown its revenue by $63.57 billion (113.85%). While TSLA's growth rate is larger, META has grown its revenue by a significantly larger amount in the same period. Looking at net income, TSLA has grown its net income by $10.5 billion to $9.52 billion since the close of 2018, while META has grown its net income by $11.52 billion to $33.63 billion in the same period. When I look at the growth of TSLA, it's impressive, and TSLA is doing so many things well, but the valuation is broken. TSLA trading at 137.21x its FCF compared to META at 11.22x is, in my opinion, an indication that META is undervalued. Would you rather buy a company for $951.79 billion that produces $6.94 billion in FCF, or a company for $401.92 billion, producing $35.83 billion of FCF?Even if the Metaverse is a flop, META is paying for its development in cash, isn't taking on debt, and shouldn't be penalized because others can't understand Zuckerberg's visionOne of the reasons I believe META has been discarded is that many investors don't agree with META's play on the Metaverse. Whether the Metaverse will work or become mainstream is a debate that can't be won at this point in time, and we will need to wait and see how the story unfolds. The aspect that can be discussed is how the Metaverse is impacting META's numbers and whether it is a liability.As I indicated earlier, META has one of the cleanest balance sheets you will ever read. Debt is not in META's vocabulary, as long-term debt will not be found on its balance sheet. META has a cash-to-total liability ratio of 0.92x and can pay off almost every liability tomorrow with a check. Debating if the Metaverse will work is a moot point because, in the end, it doesn't matter. META isn't taking on debt to fund this project, so if it doesn't work, it will be chalked up as an expensive failed experiment, but if it is successful, the Metaverse could become a tremendous revenue generator and profit center. While billions in capital are being spent on the Metaverse, META has also been buying back shares. Over the previous 4 years, META has repurchased 5.37% of its outstanding shares, which amounts to 166.5 million shares.Looking forward, META is expected to continue to grow in 2023. In the TTM META has generated $119.41 billion of revenue and produced $12.22 in EPS. The consensus estimates are that META will generate $118.16 billion of revenue in 2022 and $131.1 billion in 2023, and on the high side, those numbers could be $128.54 billion in 2022 and $154.65 billion in 2023.META and GOOGL have a duopoly on advertising, and regardless of what AMZN, AAPL, or Netflix (NFLX) plans to incorporate into their platforms, it's hard to run a business without a website, Instagram page, or a Facebook page. If META maintains its profit margin of 28.16%, it could generate $33.28 billion of net income in 2022 based on the analyst consensus and $36.92 billion in 2023. If META exceeds expectations, it could generate over $35 billion of profit in 2022 and $40 billion in 2023. META is being priced as if a fire sale is occurring, and I believe it's due to public perception, not the numbers.ConclusionThe markets may continue to be extremely volatile going into the next Fed meeting, and there is no telling how the markets will react if we receive a 75 basis point increase. META is trading where it did in 2017, yet it's improved in every financial metric and printed tens of billions in profits and FCF annually. While there are no signals that the pain is over, I am continuing to purchase META on the way down. META's current valuation and financials indicate that this is a broken stock, not a broken company. From a numbers standpoint, META looks to be the best buy in big tech and possibly one of the best buys in the market if you have a long-term perspective.","news_type":1},"isVote":1,"tweetType":1,"viewCount":232,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9075104901,"gmtCreate":1658156511903,"gmtModify":1676536113991,"author":{"id":"3574571734218942","authorId":"3574571734218942","name":"Tjunyuan","avatar":"https://static.tigerbbs.com/202e8118f3db9146c6ff3b455e175d0e","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Great article. Keeping it for later. ","listText":"Great article. Keeping it for later. ","text":"Great article. Keeping it for later.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075104901","repostId":"1176257132","repostType":4,"repost":{"id":"1176257132","pubTimestamp":1658116148,"share":"https://www.laohu8.com/m/news/1176257132?lang=&edition=full","pubTime":"2022-07-18 11:49","market":"hk","language":"en","title":"Alibaba: A Qualitative Breakdown Of $500 Billion In Disappeared Market Cap","url":"https://stock-news.laohu8.com/highlight/detail?id=1176257132","media":"Seeking Alpha","summary":"SummaryBABA has lost two-thirds (>$500 billion) in market cap since its peak in late 2020.This artic","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>BABA has lost two-thirds (>$500 billion) in market cap since its peak in late 2020.</li><li>This article will break down the lost $500 bn into qualitative components:(i) lower profitability, (ii) slower growth, and (iii) higher risk premiums / required rates of returns by investors.</li><li>Current market valuations are effectively assuming these effects will persist into perpetuity.</li><li>Out of the three, lower profitability is likely reflective of a structural shift, but the other two may prove temporary and could change with time.</li></ul><p>NYSE:BABA has lost two-thirds (>$500 billion) in market cap since its peak in late 2020. This article will review the tangible economic effects of the SAMR’s anticompetition policies on BABA’s business performance, including: (i) lower profitability, (ii) slower growth and (iii) higher risk premiums / required rates of returns by investors. Current market valuations are effectively assuming these effects will persist into perpetuity. Out of the three, lower profitability is likely reflective of a structural shift, but the other two may prove to be temporary and could change with time.</p><p><b>Lower profitability</b></p><p>A direct consequence of SAMR’s rules was to tilt the market landscape in favour of number two and smaller players relative to the incumbent. Indeed, management have repeatedly mentioned “increased competition” impacting the company’s core e-commerce segment on earnings calls since the regulatory shakeout.</p><p>To cope, (as well as to proactively portray the image of a good socially-responsible corporate citizen in front of government authorities), BABA is forced to:</p><ol><li>Provide more subsidies to merchants and partners (effectively discounted pricing)</li><li>Step up investment, either in the form of direct sales and marketing dollars or “strategic initiatives” investment</li></ol><p>This has resulted in EBITA margins dropping from 27% (average of 8 quarters leading up to the quarter ending Dec 2020 (3QFY21)) to 16% (average of 4 quarters leading up to the quarter ending Dec 2021 (3QFY22)).</p><p><img src=\"https://static.tigerbbs.com/ec9f30c463d38d513f90511dd9539909\" tg-width=\"640\" tg-height=\"375\" referrerpolicy=\"no-referrer\"/></p><p>Company filings</p><p>Looking back to early 2018, EBITA margins similarly dropped drastically from 40% to 30% when the company first launched its “new retail” initiative and remained at that lower level since. Similarly, BABA’s current investments in strategic initiatives reflect structural changes to the company’s business mix, and the most recent gap-down in margins may be here to stay.</p><p><b>Slower Growth</b></p><p>I include slowing growth as one of the economic effects resulting from SAMR’s anticompetition policies, but anticompetitive regulations drag on BABA’s growth only to the extent that they pressure BABA to reduce merchant fees (mentioned in point 1 under "Lower Profitability" above), which result in customer management revenue growing slower than GMV growth.</p><p>Given BABA’s 950 million annual active consumers covers two-thirds of the country’s 1.4 billion population, it is inevitable that the company’s growth trajectory will be affected by the macroeconomic picture, and this is regardless of what SAMR does and says. I review the latest macro indicators and then express my thoughts on how I view these levels of growth rates.</p><p>Beijing is targeting 5.5% annual GDP growth for 2022, but with first half growth at 2.5%, most analysts / economists do not expect that to be achieved. The marked deceleration was in 2Q when numerous cities implemented anti-virus curbs starting in March, in line with the country’s zero tolerance towards COVID. 2Q 2022 GDP growth was 0.4% YoY, barely escaping a contraction, and is below the 1.2% forecast by economists, and down from the 4.8% recorded in 1Q 2022.</p><p><img src=\"https://static.tigerbbs.com/a49500b570f0b72087f0d81447c59ab9\" tg-width=\"640\" tg-height=\"518\" referrerpolicy=\"no-referrer\"/></p><p>Financial Times</p><p>As far as BABA is concerned, a more relevant metric is perhaps retail sales growth. BABA’s growth in retail GMV and GTV (combined) have slowed from 20% to 30% before 2019 to an average of 14% in 2021 (average of 4 quarters from Mar 2021 (4QFY21) to Dec 2021 (3QFY22)). A rough graph plotting that against the index of YoY change in China Retail Sales Value suggests a certain degree of correlation between the two. Retail sales over 4Q 2021 was USD 1.9 trillion, a paltry 7% increase over 4Q 2020 (even with the Singles Day shopping festival in November). BABA is due to report 1Q 2023 results around August (so there is no company GMV / GTV datapoints yet for 2022) but I note that China retail sales growth was negative for 3 out of the first 6 months of 2022.</p><p><img src=\"https://static.tigerbbs.com/0830e999c0b3c721cb9eace36437be38\" tg-width=\"640\" tg-height=\"440\" referrerpolicy=\"no-referrer\"/></p><p>Bloomberg, BABA company filings</p><p>Even though there is a lot of talk about China growth being “slowest in three decades” etc., I propose to frame the picture in another way. China population (1.4 billion) is slightly more than 4 times that of US (320 million). Intuitively, that implies that when the average Chinese is one-quarter as rich as the average American*, their consumption economy will be same size as that of US. In other words, there is a long runway for growth, provided that China is able to shift from “easy” growth (large-scale infrastructure projects) to quality growth (improved labour productivity, technological advancements, etc.). If so, then even after the Chinese consumption economy catches up with that of the US in terms of absolute size, there is still the differential between income per capita to bridge.</p><p><i>*The average Chinese is less than one-quarter as well off as the average American. As of 2021, China constant GDP per capita was$11,200vs US constant GDP per capita of$61,280according to data from the St Louis Fed.</i></p><p><b>Higher risk premiums / required rates of return</b></p><p>Most people are likely to agree that the stock is currently trading at an undervaluation, regardless of whether you are a BABA fan or not. Lower profitability and slower growth are two explaining factors, but they seem insufficient to fully account for such a large gap - $500 billion is <b>a lot</b>. The last component is higher risk premiums / required rates of returns by investors. This is what people call the “unknowns”, “uncertainties”, or CCP wildcard risk, hanging over the stock, which should be thought of scientifically as risk premiums (multiple compression in some ways is the flip side of the same coin) instead of some elusive construct. Investors are spooked and they need higher required returns to compensate.</p><p><b>Closing Remarks</b></p><p>Companies can survive, and even thrive, following intense regulatory cycles. Take the Dodd-Frank Act as example, the introduction of close to 28,000 new rules and restrictions curtailed banks’ revenue pools, doubled their capital requirements and compliance costs. On the upside, in the years following the passage of Dodd-Frank, banks restructured, changed their business mix, became more efficient, learned to optimize capital, and developed new competitive edges in areas of technology and marketing. This regulatory adaptation separated the winners from the losers. Starting in 2013, a few large bank stocks went on to significantly beat the broader market over the rest of the decade. In BABA’s case, the market has reacted to the 2020-2021 developments as if they are killer blows to the company, when instead they are more catalysts for change.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba: A Qualitative Breakdown Of $500 Billion In Disappeared Market Cap</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba: A Qualitative Breakdown Of $500 Billion In Disappeared Market Cap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-18 11:49 GMT+8 <a href=https://seekingalpha.com/article/4523786-baba-a-qualitative-breakdown-of-500-billion-in-disappeared-market-cap><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryBABA has lost two-thirds (>$500 billion) in market cap since its peak in late 2020.This article will break down the lost $500 bn into qualitative components:(i) lower profitability, (ii) slower...</p>\n\n<a href=\"https://seekingalpha.com/article/4523786-baba-a-qualitative-breakdown-of-500-billion-in-disappeared-market-cap\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-SW"},"source_url":"https://seekingalpha.com/article/4523786-baba-a-qualitative-breakdown-of-500-billion-in-disappeared-market-cap","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176257132","content_text":"SummaryBABA has lost two-thirds (>$500 billion) in market cap since its peak in late 2020.This article will break down the lost $500 bn into qualitative components:(i) lower profitability, (ii) slower growth, and (iii) higher risk premiums / required rates of returns by investors.Current market valuations are effectively assuming these effects will persist into perpetuity.Out of the three, lower profitability is likely reflective of a structural shift, but the other two may prove temporary and could change with time.NYSE:BABA has lost two-thirds (>$500 billion) in market cap since its peak in late 2020. This article will review the tangible economic effects of the SAMR’s anticompetition policies on BABA’s business performance, including: (i) lower profitability, (ii) slower growth and (iii) higher risk premiums / required rates of returns by investors. Current market valuations are effectively assuming these effects will persist into perpetuity. Out of the three, lower profitability is likely reflective of a structural shift, but the other two may prove to be temporary and could change with time.Lower profitabilityA direct consequence of SAMR’s rules was to tilt the market landscape in favour of number two and smaller players relative to the incumbent. Indeed, management have repeatedly mentioned “increased competition” impacting the company’s core e-commerce segment on earnings calls since the regulatory shakeout.To cope, (as well as to proactively portray the image of a good socially-responsible corporate citizen in front of government authorities), BABA is forced to:Provide more subsidies to merchants and partners (effectively discounted pricing)Step up investment, either in the form of direct sales and marketing dollars or “strategic initiatives” investmentThis has resulted in EBITA margins dropping from 27% (average of 8 quarters leading up to the quarter ending Dec 2020 (3QFY21)) to 16% (average of 4 quarters leading up to the quarter ending Dec 2021 (3QFY22)).Company filingsLooking back to early 2018, EBITA margins similarly dropped drastically from 40% to 30% when the company first launched its “new retail” initiative and remained at that lower level since. Similarly, BABA’s current investments in strategic initiatives reflect structural changes to the company’s business mix, and the most recent gap-down in margins may be here to stay.Slower GrowthI include slowing growth as one of the economic effects resulting from SAMR’s anticompetition policies, but anticompetitive regulations drag on BABA’s growth only to the extent that they pressure BABA to reduce merchant fees (mentioned in point 1 under \"Lower Profitability\" above), which result in customer management revenue growing slower than GMV growth.Given BABA’s 950 million annual active consumers covers two-thirds of the country’s 1.4 billion population, it is inevitable that the company’s growth trajectory will be affected by the macroeconomic picture, and this is regardless of what SAMR does and says. I review the latest macro indicators and then express my thoughts on how I view these levels of growth rates.Beijing is targeting 5.5% annual GDP growth for 2022, but with first half growth at 2.5%, most analysts / economists do not expect that to be achieved. The marked deceleration was in 2Q when numerous cities implemented anti-virus curbs starting in March, in line with the country’s zero tolerance towards COVID. 2Q 2022 GDP growth was 0.4% YoY, barely escaping a contraction, and is below the 1.2% forecast by economists, and down from the 4.8% recorded in 1Q 2022.Financial TimesAs far as BABA is concerned, a more relevant metric is perhaps retail sales growth. BABA’s growth in retail GMV and GTV (combined) have slowed from 20% to 30% before 2019 to an average of 14% in 2021 (average of 4 quarters from Mar 2021 (4QFY21) to Dec 2021 (3QFY22)). A rough graph plotting that against the index of YoY change in China Retail Sales Value suggests a certain degree of correlation between the two. Retail sales over 4Q 2021 was USD 1.9 trillion, a paltry 7% increase over 4Q 2020 (even with the Singles Day shopping festival in November). BABA is due to report 1Q 2023 results around August (so there is no company GMV / GTV datapoints yet for 2022) but I note that China retail sales growth was negative for 3 out of the first 6 months of 2022.Bloomberg, BABA company filingsEven though there is a lot of talk about China growth being “slowest in three decades” etc., I propose to frame the picture in another way. China population (1.4 billion) is slightly more than 4 times that of US (320 million). Intuitively, that implies that when the average Chinese is one-quarter as rich as the average American*, their consumption economy will be same size as that of US. In other words, there is a long runway for growth, provided that China is able to shift from “easy” growth (large-scale infrastructure projects) to quality growth (improved labour productivity, technological advancements, etc.). If so, then even after the Chinese consumption economy catches up with that of the US in terms of absolute size, there is still the differential between income per capita to bridge.*The average Chinese is less than one-quarter as well off as the average American. As of 2021, China constant GDP per capita was$11,200vs US constant GDP per capita of$61,280according to data from the St Louis Fed.Higher risk premiums / required rates of returnMost people are likely to agree that the stock is currently trading at an undervaluation, regardless of whether you are a BABA fan or not. Lower profitability and slower growth are two explaining factors, but they seem insufficient to fully account for such a large gap - $500 billion is a lot. The last component is higher risk premiums / required rates of returns by investors. This is what people call the “unknowns”, “uncertainties”, or CCP wildcard risk, hanging over the stock, which should be thought of scientifically as risk premiums (multiple compression in some ways is the flip side of the same coin) instead of some elusive construct. Investors are spooked and they need higher required returns to compensate.Closing RemarksCompanies can survive, and even thrive, following intense regulatory cycles. Take the Dodd-Frank Act as example, the introduction of close to 28,000 new rules and restrictions curtailed banks’ revenue pools, doubled their capital requirements and compliance costs. On the upside, in the years following the passage of Dodd-Frank, banks restructured, changed their business mix, became more efficient, learned to optimize capital, and developed new competitive edges in areas of technology and marketing. This regulatory adaptation separated the winners from the losers. Starting in 2013, a few large bank stocks went on to significantly beat the broader market over the rest of the decade. In BABA’s case, the market has reacted to the 2020-2021 developments as if they are killer blows to the company, when instead they are more catalysts for change.","news_type":1},"isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9041579959,"gmtCreate":1656080204671,"gmtModify":1676535763994,"author":{"id":"3574571734218942","authorId":"3574571734218942","name":"Tjunyuan","avatar":"https://static.tigerbbs.com/202e8118f3db9146c6ff3b455e175d0e","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Reposting ","listText":"Reposting ","text":"Reposting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041579959","repostId":"9022524674","repostType":1,"repost":{"id":9022524674,"gmtCreate":1653552819200,"gmtModify":1676535303082,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/61ed9b39c6cbcdce6372edc1c0b48a2d","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"Time Travel with Tiger, Join the Memorabilia Adventure Now!!!","htmlText":"\n \n \n Happy Birthday to TIGER!!! This year, we have prepared a time machine to go on an adventure with you. Come and find surprising gifts as we stroll down memory lane!There are so many wonderful little stories in our Tiger Quest. Collect as many coins as you can in the game, these will be your basic points of this game. Apart from one mini-game mission for SG/AU/NZ, the games will be open every week, and there are endless treasures waiting for you to discover. Points can be redeemed for multiple rewards, and you can win a share of up to USD 200,000 worth of prizes! Want to win extra points? Check out these mini-games, try them, stay with us and be PAWSITIVE!Remember to collect the cards and spell out \"T.I.G.E.R\" during your journey for a chance to receive the limited edition 8th Anniversary Gi\n \n","listText":"Happy Birthday to TIGER!!! This year, we have prepared a time machine to go on an adventure with you. Come and find surprising gifts as we stroll down memory lane!There are so many wonderful little stories in our Tiger Quest. Collect as many coins as you can in the game, these will be your basic points of this game. Apart from one mini-game mission for SG/AU/NZ, the games will be open every week, and there are endless treasures waiting for you to discover. Points can be redeemed for multiple rewards, and you can win a share of up to USD 200,000 worth of prizes! Want to win extra points? Check out these mini-games, try them, stay with us and be PAWSITIVE!Remember to collect the cards and spell out \"T.I.G.E.R\" during your journey for a chance to receive the limited edition 8th Anniversary Gi","text":"Happy Birthday to TIGER!!! This year, we have prepared a time machine to go on an adventure with you. Come and find surprising gifts as we stroll down memory lane!There are so many wonderful little stories in our Tiger Quest. Collect as many coins as you can in the game, these will be your basic points of this game. Apart from one mini-game mission for SG/AU/NZ, the games will be open every week, and there are endless treasures waiting for you to discover. Points can be redeemed for multiple rewards, and you can win a share of up to USD 200,000 worth of prizes! Want to win extra points? Check out these mini-games, try them, stay with us and be PAWSITIVE!Remember to collect the cards and spell out \"T.I.G.E.R\" during your journey for a chance to receive the limited edition 8th Anniversary Gi","images":[],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022524674","isVote":1,"tweetType":2,"object":{"id":"97af7069aa6440eab7c85601f72b41b1","tweetId":"9022524674","videoUrl":"https://1254107296.vod2.myqcloud.com/73ba5544vodgzp1254107296/5836ee3f387702302012189230/1IRQdazMc4YA.mp4","poster":"https://community-static.tradeup.com/news/f2462b20b2a9a2483ae56cbb54dcb2a7"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9027795175,"gmtCreate":1654083181997,"gmtModify":1676535390873,"author":{"id":"3574571734218942","authorId":"3574571734218942","name":"Tjunyuan","avatar":"https://static.tigerbbs.com/202e8118f3db9146c6ff3b455e175d0e","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile] ","listText":"[Smile] ","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9027795175","repostId":"1185841943","repostType":2,"repost":{"id":"1185841943","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1654080330,"share":"https://www.laohu8.com/m/news/1185841943?lang=&edition=full","pubTime":"2022-06-01 18:45","market":"us","language":"en","title":"Tiger Chart | Top 10 S&P 500 Gainers For May","url":"https://stock-news.laohu8.com/highlight/detail?id=1185841943","media":"Tiger Newspress","summary":"Among top 10 S&P 500 gainers for last month, oil companies stood out, with Devon, Marathon Oil and O","content":"<html><head></head><body><p>Among top 10 S&P 500 gainers for last month, oil companies stood out, with <a href=\"https://laohu8.com/S/DVN\">Devon</a>, <a href=\"https://laohu8.com/S/MRO\">Marathon Oil</a> and <a href=\"https://laohu8.com/S/OXY\">Occidental</a> surging over 25%.<img src=\"https://static.tigerbbs.com/d095e785df353539cbc0fc5eae92383f\" tg-width=\"1458\" tg-height=\"2049\" referrerpolicy=\"no-referrer\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Chart | Top 10 S&P 500 Gainers For May</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Chart | Top 10 S&P 500 Gainers For May\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-06-01 18:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Among top 10 S&P 500 gainers for last month, oil companies stood out, with <a href=\"https://laohu8.com/S/DVN\">Devon</a>, <a href=\"https://laohu8.com/S/MRO\">Marathon Oil</a> and <a href=\"https://laohu8.com/S/OXY\">Occidental</a> surging over 25%.<img src=\"https://static.tigerbbs.com/d095e785df353539cbc0fc5eae92383f\" tg-width=\"1458\" tg-height=\"2049\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NRG":"NRG能源","OXY":"西方石油","FANG":"Diamondback Energy","EPAM":"Epam Systems","LUMN":"Lumen Technologies",".SPX":"S&P 500 Index","DXC":"DXC Technology Company","DVN":"德文能源","PXD":"先锋自然资源"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185841943","content_text":"Among top 10 S&P 500 gainers for last month, oil companies stood out, with Devon, Marathon Oil and Occidental surging over 25%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9064231460,"gmtCreate":1652323865450,"gmtModify":1676535078746,"author":{"id":"3574571734218942","authorId":"3574571734218942","name":"Tjunyuan","avatar":"https://static.tigerbbs.com/202e8118f3db9146c6ff3b455e175d0e","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Cool] ","listText":"[Cool] ","text":"[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9064231460","repostId":"2234962733","repostType":2,"repost":{"id":"2234962733","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1652323405,"share":"https://www.laohu8.com/m/news/2234962733?lang=&edition=full","pubTime":"2022-05-12 10:43","market":"us","language":"en","title":"Lordstown Motors Closes Deal to Sell Assets to Foxconn, Shares Surge","url":"https://stock-news.laohu8.com/highlight/detail?id=2234962733","media":"Reuters","summary":"May 11 (Reuters) - Lordstown Motors Corp said it has completed a deal to sell certain assets to Taiw","content":"<html><head></head><body><p>May 11 (Reuters) - Lordstown Motors Corp said it has completed a deal to sell certain assets to Taiwanese contract manufacturer Foxconn , clinching funds essential for the production of its Endurance electric pickup truck.</p><p>The Ohio-based company's shares soared more than 24% in extended trading on Wednesday.</p><p><img src=\"https://static.tigerbbs.com/0b93e84b50aa20abf37164b34cc4e2cf\" tg-width=\"878\" tg-height=\"621\" width=\"100%\" height=\"auto\"/></p><p>The struggling EV maker last year entered the agreement with Foxconn for the sale of its Ohio facility for $230 million, excluding certain assets such as the hub motor assembly and battery pack lines.</p><p>On Wednesday, Lordstown said the deal close results in $260 million of proceeds to the company, including the reimbursement of certain operating and expansion costs.</p><p>The company said on Monday it needed $150 million in addition to the proceeds from the asset purchase deal to put its Endurance electric pickup truck into production.</p><p>Under the agreement, the two companies would create a joint venture to make future vehicles, with Lordstown owning a 45% stake and Foxconn owning the rest.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lordstown Motors Closes Deal to Sell Assets to Foxconn, Shares Surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLordstown Motors Closes Deal to Sell Assets to Foxconn, Shares Surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-05-12 10:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>May 11 (Reuters) - Lordstown Motors Corp said it has completed a deal to sell certain assets to Taiwanese contract manufacturer Foxconn , clinching funds essential for the production of its Endurance electric pickup truck.</p><p>The Ohio-based company's shares soared more than 24% in extended trading on Wednesday.</p><p><img src=\"https://static.tigerbbs.com/0b93e84b50aa20abf37164b34cc4e2cf\" tg-width=\"878\" tg-height=\"621\" width=\"100%\" height=\"auto\"/></p><p>The struggling EV maker last year entered the agreement with Foxconn for the sale of its Ohio facility for $230 million, excluding certain assets such as the hub motor assembly and battery pack lines.</p><p>On Wednesday, Lordstown said the deal close results in $260 million of proceeds to the company, including the reimbursement of certain operating and expansion costs.</p><p>The company said on Monday it needed $150 million in addition to the proceeds from the asset purchase deal to put its Endurance electric pickup truck into production.</p><p>Under the agreement, the two companies would create a joint venture to make future vehicles, with Lordstown owning a 45% stake and Foxconn owning the rest.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2234962733","content_text":"May 11 (Reuters) - Lordstown Motors Corp said it has completed a deal to sell certain assets to Taiwanese contract manufacturer Foxconn , clinching funds essential for the production of its Endurance electric pickup truck.The Ohio-based company's shares soared more than 24% in extended trading on Wednesday.The struggling EV maker last year entered the agreement with Foxconn for the sale of its Ohio facility for $230 million, excluding certain assets such as the hub motor assembly and battery pack lines.On Wednesday, Lordstown said the deal close results in $260 million of proceeds to the company, including the reimbursement of certain operating and expansion costs.The company said on Monday it needed $150 million in addition to the proceeds from the asset purchase deal to put its Endurance electric pickup truck into production.Under the agreement, the two companies would create a joint venture to make future vehicles, with Lordstown owning a 45% stake and Foxconn owning the rest.","news_type":1},"isVote":1,"tweetType":1,"viewCount":164,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9089276696,"gmtCreate":1649998880294,"gmtModify":1676534626718,"author":{"id":"3574571734218942","authorId":"3574571734218942","name":"Tjunyuan","avatar":"https://static.tigerbbs.com/202e8118f3db9146c6ff3b455e175d0e","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile] [Strong] ","listText":"[Smile] [Strong] ","text":"[Smile] 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Come and find the eggs in our Easter game to open the surprise! Each game contains 3 rounds, the more eggs you catch, the higher the points you can get. Game points can be redeemed for various rewards, including different value stock vouchers worth up to USD 1,000 are waiting for you! Moreover, catching special eggs can get extra points and chances to crack open for some wonderful Easter treats.There are too many hidden surprises to find, oops, the game attempts run out too fast. Don't worry, complete different tasks to earn more game attempts. Also, invite your frien","listText":"Tiger has prepared some Easter gifts for you, please <a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/easter/\" target=\"_blank\">click here</a> to check them out!Easter can still be a bonus-boosting. Come and find the eggs in our Easter game to open the surprise! Each game contains 3 rounds, the more eggs you catch, the higher the points you can get. 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Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","listText":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","text":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! 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All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","text":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","images":[{"img":"https://community-static.tradeup.com/news/2856195a0c5c3743373166b86149dae7","width":"480","height":"480"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037722742","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9013271263,"gmtCreate":1648739723052,"gmtModify":1676534389445,"author":{"id":"3574571734218942","authorId":"3574571734218942","name":"Tjunyuan","avatar":"https://static.tigerbbs.com/202e8118f3db9146c6ff3b455e175d0e","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Miser]18<a href=\"https://ttm.financial/U/3575021668629397\">@schatzy</a>","listText":"[Miser]18<a href=\"https://ttm.financial/U/3575021668629397\">@schatzy</a>","text":"[Miser]18@schatzy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013271263","repostId":"9037722742","repostType":1,"repost":{"id":9037722742,"gmtCreate":1648186696988,"gmtModify":1676534314780,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/61ed9b39c6cbcdce6372edc1c0b48a2d","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"Tiger Friday: What Are Your Lucky Charms in Investing?","htmlText":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","listText":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","text":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","images":[{"img":"https://community-static.tradeup.com/news/2856195a0c5c3743373166b86149dae7","width":"480","height":"480"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037722742","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9013271908,"gmtCreate":1648739693604,"gmtModify":1676534389428,"author":{"id":"3574571734218942","authorId":"3574571734218942","name":"Tjunyuan","avatar":"https://static.tigerbbs.com/202e8118f3db9146c6ff3b455e175d0e","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Cool]17<a href=\"https://ttm.financial/U/3575021668629397\">@schatzy</a>","listText":"[Cool]17<a href=\"https://ttm.financial/U/3575021668629397\">@schatzy</a>","text":"[Cool]17@schatzy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013271908","repostId":"9037722742","repostType":1,"repost":{"id":9037722742,"gmtCreate":1648186696988,"gmtModify":1676534314780,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/61ed9b39c6cbcdce6372edc1c0b48a2d","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"Tiger Friday: What Are Your Lucky Charms in Investing?","htmlText":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","listText":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","text":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","images":[{"img":"https://community-static.tradeup.com/news/2856195a0c5c3743373166b86149dae7","width":"480","height":"480"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037722742","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9013273778,"gmtCreate":1648739667694,"gmtModify":1676534389428,"author":{"id":"3574571734218942","authorId":"3574571734218942","name":"Tjunyuan","avatar":"https://static.tigerbbs.com/202e8118f3db9146c6ff3b455e175d0e","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[What]16<a href=\"https://ttm.financial/U/3575021668629397\">@schatzy</a>","listText":"[What]16<a href=\"https://ttm.financial/U/3575021668629397\">@schatzy</a>","text":"[What]16@schatzy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013273778","repostId":"9037722742","repostType":1,"repost":{"id":9037722742,"gmtCreate":1648186696988,"gmtModify":1676534314780,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/61ed9b39c6cbcdce6372edc1c0b48a2d","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"Tiger Friday: What Are Your Lucky Charms in Investing?","htmlText":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","listText":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","text":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","images":[{"img":"https://community-static.tradeup.com/news/2856195a0c5c3743373166b86149dae7","width":"480","height":"480"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037722742","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":272,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9013273589,"gmtCreate":1648739629241,"gmtModify":1676534389352,"author":{"id":"3574571734218942","authorId":"3574571734218942","name":"Tjunyuan","avatar":"https://static.tigerbbs.com/202e8118f3db9146c6ff3b455e175d0e","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Cool]15<a href=\"https://ttm.financial/U/3575021668629397\">@schatzy</a>","listText":"[Cool]15<a href=\"https://ttm.financial/U/3575021668629397\">@schatzy</a>","text":"[Cool]15@schatzy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013273589","repostId":"9037722742","repostType":1,"repost":{"id":9037722742,"gmtCreate":1648186696988,"gmtModify":1676534314780,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/61ed9b39c6cbcdce6372edc1c0b48a2d","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"Tiger Friday: What Are Your Lucky Charms in Investing?","htmlText":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","listText":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","text":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","images":[{"img":"https://community-static.tradeup.com/news/2856195a0c5c3743373166b86149dae7","width":"480","height":"480"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037722742","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9013273333,"gmtCreate":1648739580222,"gmtModify":1676534389353,"author":{"id":"3574571734218942","authorId":"3574571734218942","name":"Tjunyuan","avatar":"https://static.tigerbbs.com/202e8118f3db9146c6ff3b455e175d0e","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Cool]14<a href=\"https://ttm.financial/U/3575021668629397\">@schatzy</a>","listText":"[Cool]14<a href=\"https://ttm.financial/U/3575021668629397\">@schatzy</a>","text":"[Cool]14@schatzy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013273333","repostId":"9037722742","repostType":1,"repost":{"id":9037722742,"gmtCreate":1648186696988,"gmtModify":1676534314780,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/61ed9b39c6cbcdce6372edc1c0b48a2d","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"Tiger Friday: What Are Your Lucky Charms in Investing?","htmlText":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","listText":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","text":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","images":[{"img":"https://community-static.tradeup.com/news/2856195a0c5c3743373166b86149dae7","width":"480","height":"480"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037722742","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":82,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9013273070,"gmtCreate":1648739554890,"gmtModify":1676534389289,"author":{"id":"3574571734218942","authorId":"3574571734218942","name":"Tjunyuan","avatar":"https://static.tigerbbs.com/202e8118f3db9146c6ff3b455e175d0e","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Cool]13<a href=\"https://ttm.financial/U/3575021668629397\">@schatzy</a>","listText":"[Cool]13<a href=\"https://ttm.financial/U/3575021668629397\">@schatzy</a>","text":"[Cool]13@schatzy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013273070","repostId":"9037722742","repostType":1,"repost":{"id":9037722742,"gmtCreate":1648186696988,"gmtModify":1676534314780,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/61ed9b39c6cbcdce6372edc1c0b48a2d","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"Tiger Friday: What Are Your Lucky Charms in Investing?","htmlText":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","listText":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","text":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","images":[{"img":"https://community-static.tradeup.com/news/2856195a0c5c3743373166b86149dae7","width":"480","height":"480"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037722742","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9013279712,"gmtCreate":1648739520436,"gmtModify":1676534389360,"author":{"id":"3574571734218942","authorId":"3574571734218942","name":"Tjunyuan","avatar":"https://static.tigerbbs.com/202e8118f3db9146c6ff3b455e175d0e","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Miser]13<a href=\"https://ttm.financial/U/3575021668629397\">@schatzy</a>","listText":"[Miser]13<a href=\"https://ttm.financial/U/3575021668629397\">@schatzy</a>","text":"[Miser]13@schatzy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013279712","repostId":"9037722742","repostType":1,"repost":{"id":9037722742,"gmtCreate":1648186696988,"gmtModify":1676534314780,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/61ed9b39c6cbcdce6372edc1c0b48a2d","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"Tiger Friday: What Are Your Lucky Charms in Investing?","htmlText":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","listText":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","text":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","images":[{"img":"https://community-static.tradeup.com/news/2856195a0c5c3743373166b86149dae7","width":"480","height":"480"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037722742","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":44,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9013279514,"gmtCreate":1648739486338,"gmtModify":1676534389288,"author":{"id":"3574571734218942","authorId":"3574571734218942","name":"Tjunyuan","avatar":"https://static.tigerbbs.com/202e8118f3db9146c6ff3b455e175d0e","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Cool]12 <a href=\"https://ttm.financial/U/3575021668629397\">@schatzy</a>","listText":"[Cool]12 <a href=\"https://ttm.financial/U/3575021668629397\">@schatzy</a>","text":"[Cool]12 @schatzy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013279514","repostId":"9037722742","repostType":1,"repost":{"id":9037722742,"gmtCreate":1648186696988,"gmtModify":1676534314780,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/61ed9b39c6cbcdce6372edc1c0b48a2d","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"Tiger Friday: What Are Your Lucky Charms in Investing?","htmlText":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","listText":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","text":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","images":[{"img":"https://community-static.tradeup.com/news/2856195a0c5c3743373166b86149dae7","width":"480","height":"480"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037722742","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":110,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9013279814,"gmtCreate":1648739460638,"gmtModify":1676534389281,"author":{"id":"3574571734218942","authorId":"3574571734218942","name":"Tjunyuan","avatar":"https://static.tigerbbs.com/202e8118f3db9146c6ff3b455e175d0e","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Cool] 11 <a href=\"https://ttm.financial/U/3575021668629397\">@schatzy</a>","listText":"[Cool] 11 <a href=\"https://ttm.financial/U/3575021668629397\">@schatzy</a>","text":"[Cool] 11 @schatzy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013279814","repostId":"9037722742","repostType":1,"repost":{"id":9037722742,"gmtCreate":1648186696988,"gmtModify":1676534314780,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/61ed9b39c6cbcdce6372edc1c0b48a2d","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"Tiger Friday: What Are Your Lucky Charms in Investing?","htmlText":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","listText":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","text":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","images":[{"img":"https://community-static.tradeup.com/news/2856195a0c5c3743373166b86149dae7","width":"480","height":"480"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037722742","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9013270503,"gmtCreate":1648739409102,"gmtModify":1676534389265,"author":{"id":"3574571734218942","authorId":"3574571734218942","name":"Tjunyuan","avatar":"https://static.tigerbbs.com/202e8118f3db9146c6ff3b455e175d0e","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/U/3575021668629397\">@schatzy</a>[Cool] 10","listText":"<a href=\"https://ttm.financial/U/3575021668629397\">@schatzy</a>[Cool] 10","text":"@schatzy[Cool] 10","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013270503","repostId":"9037722742","repostType":1,"repost":{"id":9037722742,"gmtCreate":1648186696988,"gmtModify":1676534314780,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/61ed9b39c6cbcdce6372edc1c0b48a2d","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"Tiger Friday: What Are Your Lucky Charms in Investing?","htmlText":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","listText":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","text":"Take a screenshot of our special “Tiger” Machine (Slot Machine) to find your lucky charms in investing, and post it in the comment section. Join our game & win tons of Tiger coins! 👇👇 🎁[Prizes] For All the Tigers participating in this activity: All Tigers will be given 50 Tiger coins for posting each combination in the comment section! All Tigers will be given 200 Tiger coins for posting a screenshot with 3 Same Charms in the comment section! ( Up to 4 screenshots) (1500 coins for posting all the different combinations) 3. All Tigers will be given 10 Tiger coins for reposting and tagging your friends in the comment section! ( Up to 30 friends) Special Gift for one Tiger: One Tiger wil","images":[{"img":"https://community-static.tradeup.com/news/2856195a0c5c3743373166b86149dae7","width":"480","height":"480"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037722742","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":39,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[],"lives":[]}
