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2021-03-18

Time for Apple EV

Apple Spent $2.8B Raised From Green Bond Issue For Clean Energy Projects

2021-03-10

Weird purchase consideeing square's biz

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2021-02-27

Hi

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2021-02-24

Expected.

Carnival: Not Worth The Risk

2021-02-22

Buy the dip!

Bitcoin slips sharply from record highs

2021-02-22

Buy!

Bitcoin slips sharply from record highs

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for Apple EV","listText":"Time for Apple EV","text":"Time for Apple EV","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324535510","repostId":"1119964353","repostType":4,"repost":{"id":"1119964353","pubTimestamp":1615995058,"share":"https://www.laohu8.com/m/news/1119964353?lang=&edition=full","pubTime":"2021-03-17 23:30","market":"us","language":"en","title":"Apple Spent $2.8B Raised From Green Bond Issue For Clean Energy Projects","url":"https://stock-news.laohu8.com/highlight/detail?id=1119964353","media":"Benzinga","summary":"Technology giant Apple Inc.AAPL 2.27%prefers to be known for not only its product and service offeri","content":"<p>Technology giant&nbsp;<b>Apple Inc.</b>AAPL 2.27%prefers to be known for not only its&nbsp;product and service offerings,&nbsp;but also for its commitment to the environment and society.</p><p><b>What Happened:</b>&nbsp;Apple has allocated about $2.8 billion raised from its previous issuances of Green Bonds&nbsp;into projects addressing carbon emissions, the company said in a statement Wednesday.</p><p>The investments have been in new projects supporting low carbon design and engineering, energy efficiency, renewable energy, carbon mitigation and carbon sequestration.</p><p>Since the Paris climate change accord of 2015, the company has issued three Green Bonds, raising a cumulative $4.7 billion in proceeds.</p><p>In 2020 alone, the company funded 17 projects that will eliminate 921,000 metric tons of carbon emissions annually and generate 1.2 gigawatts of renewable energy globally.</p><p>\"Apple is dedicated to protecting the planet we all share with solutions that are supporting the communities where we work,\" said Lisa Jackson, Apple's vice president&nbsp;of environment, policy, and social initiatives.</p><p><b>Why It's Important:</b>&nbsp;Corporate social responsibility, or in other words private businesses imposing self-regulation&nbsp;to contribute to societal goals, has assumed importance as a means of payback to society.</p><p>Apple is already carbon neutral for its corporate operations. In July 2020, the company&nbsp;announced&nbsp;plans to become carbon neutral across its entire business, manufacturing supply chain&nbsp;and product life cycle by 2030. It is expected that every Apple device sold will have a net-zero climate impact by 2030.</p>","source":"lsy1606299360108","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>Apple Spent $2.8B Raised From Green Bond Issue For Clean Energy Projects</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\">\nApple Spent $2.8B Raised From Green Bond Issue For Clean Energy Projects\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/03/20212240/apple-spent-2-8b-raised-from-green-bond-issue-for-clean-energy-projects><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Technology giant Apple Inc.AAPL 2.27%prefers to be known for not only its product and service offerings, but also for its commitment to the environment and society.What Happened: Apple has allocated ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/03/20212240/apple-spent-2-8b-raised-from-green-bond-issue-for-clean-energy-projects\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.benzinga.com/news/21/03/20212240/apple-spent-2-8b-raised-from-green-bond-issue-for-clean-energy-projects","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119964353","content_text":"Technology giant Apple Inc.AAPL 2.27%prefers to be known for not only its product and service offerings, but also for its commitment to the environment and society.What Happened: Apple has allocated about $2.8 billion raised from its previous issuances of Green Bonds into projects addressing carbon emissions, the company said in a statement Wednesday.The investments have been in new projects supporting low carbon design and engineering, energy efficiency, renewable energy, carbon mitigation and carbon sequestration.Since the Paris climate change accord of 2015, the company has issued three Green Bonds, raising a cumulative $4.7 billion in proceeds.In 2020 alone, the company funded 17 projects that will eliminate 921,000 metric tons of carbon emissions annually and generate 1.2 gigawatts of renewable energy globally.\"Apple is dedicated to protecting the planet we all share with solutions that are supporting the communities where we work,\" said Lisa Jackson, Apple's vice president of environment, policy, and social initiatives.Why It's Important: Corporate social responsibility, or in other words private businesses imposing self-regulation to contribute to societal goals, has assumed importance as a means of payback to society.Apple is already carbon neutral for its corporate operations. In July 2020, the company announced plans to become carbon neutral across its entire business, manufacturing supply chain and product life cycle by 2030. It is expected that every Apple device sold will have a net-zero climate impact by 2030.","news_type":1},"isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321003587,"gmtCreate":1615382214449,"gmtModify":1704781936344,"author":{"id":"3576578191878168","authorId":"3576578191878168","name":"nweiheng","avatar":"https://static.tigerbbs.com/6d61d9c9d9ae6133e9ba0f2a30075faf","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Weird purchase consideeing square's biz","listText":"Weird purchase consideeing square's biz","text":"Weird purchase consideeing square's biz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321003587","repostId":"1197825407","repostType":4,"isVote":1,"tweetType":1,"viewCount":261,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":366035131,"gmtCreate":1614358472123,"gmtModify":1704771232199,"author":{"id":"3576578191878168","authorId":"3576578191878168","name":"nweiheng","avatar":"https://static.tigerbbs.com/6d61d9c9d9ae6133e9ba0f2a30075faf","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/366035131","repostId":"1117820997","repostType":4,"isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363532453,"gmtCreate":1614151539172,"gmtModify":1704888774108,"author":{"id":"3576578191878168","authorId":"3576578191878168","name":"nweiheng","avatar":"https://static.tigerbbs.com/6d61d9c9d9ae6133e9ba0f2a30075faf","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Expected.&nbsp;","listText":"Expected.&nbsp;","text":"Expected.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363532453","repostId":"1103409582","repostType":4,"repost":{"id":"1103409582","pubTimestamp":1614150277,"share":"https://www.laohu8.com/m/news/1103409582?lang=&edition=full","pubTime":"2021-02-24 15:04","market":"us","language":"en","title":"Carnival: Not Worth The Risk","url":"https://stock-news.laohu8.com/highlight/detail?id=1103409582","media":"seekingalpha","summary":"Summary\n\nCarnival is still struggling to restate cruises with most departures delayed until after Ap","content":"<p><b>Summary</b></p>\n<ul>\n <li>Carnival is still struggling to restate cruises with most departures delayed until after April 30.</li>\n <li>The cruise line sold another 40.5 million shares to raise $1 billion as the company has forecasted burning cash at a rate of $600 million per month.</li>\n <li>The stock isn't worth the risk here with a $25+ billion valuation and the stock already topping $25.</li>\n</ul>\n<p>The cruise line sector has seen a stock boost in the last few weeks, but the sector remains mostly on the sidelines with ships docked.<b>Carnival Corp.</b>(CCL) even used the rally to raise more cash via selling equity, in another sign the company isn't ready for prime time. Myinvestment thesisremains mixed on the cruise line stock as less risky opportunities exist elsewhere.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6a19514723492df7607da4a935506a34\" tg-width=\"640\" tg-height=\"246\"><span>Image Source: Carnival website</span></p>\n<p><b>Dilution Galore</b></p>\n<p>As the stock surged past $25, Carnival rushed out another equity offering. The company raised another $1 billion selling~40.5 million sharesat $25.10 per share. The market valuation topping $25 billion now, so the dilution was limited to ~4%.</p>\n<p><img src=\"https://static.tigerbbs.com/3c5e37e8247af2b3585fe42ee76a7490\" tg-width=\"990\" tg-height=\"400\"></p>\n<p>Carnival sold $2.5 billion worth of shares in at-the-market offerings in September and November. In essence, the cruise line has sold $3.5 billion worth of shares since the start of September plus converted $1.5 billion of debt into shares.</p>\n<p>The cruise line couldn't wait to rush out the equity offering after the stock rose 6% on the prior day following positive bookings comments on the&nbsp;<b>Royal Caribbean</b>&nbsp;(RCL)&nbsp;earnings call&nbsp;and general market sentiment on the reopening trade in sector stocks and related categories like airlines. The cruise line lost $1.1 billion during the December quarter, but the company saw a 30% increase in new bookings this year compared to November and December per CFO Jason Liberty:</p>\n<blockquote>\n Despite the lack of marketing spend, we have seen a 30% increase in new bookings since the beginning of the year when compared to November and December.\n</blockquote>\n<blockquote>\n The cumulative book position for sailings in the second half of 2021 is aligned with our expectations in terms of resumption of cruising with pricing higher than 2019, both including and excluding the dilutive impact of future cruise credits. It is probably too early in the booking window to talk too much about 2022, but behavior to date is quite similar to booking activities in previous years. Our book position for the first half of 2022 is within historical ranges at higher average prices.\n</blockquote>\n<p>The problem with the sector is that the vast majority of the industry is still shut down. Canada doesn't want cruises to restart this year and Carnival has already pushed out U.S. voyages until&nbsp;after April 30&nbsp;with West Coast operations paused for more lengthy periods. Even P&amp;O Cruises Australia is already&nbsp;paused until June 18&nbsp;at the earliest.</p>\n<p>The vaccine rollout could change the story along with the lower COVID-19 case counts. As of February 22, the CDC reports&nbsp;44 million people&nbsp;have received a vaccine now with 19 million already getting a 2nd dose. Whether due to the vaccine rollout or not, the reported COVID-19 cases and hospitalizations are down substantially since the holiday break.</p>\n<p>All of these numbers are good and in line with why future bookings are strong, but the cruise line still isn't back in business. Something could still upset the apple cart again that delays voyages.</p>\n<p><b>Struggling Finances</b></p>\n<p>The whole reason Carnival was difficult to buy all of 2020 is the very reason the cruise line needed to raise another $1 billion and again dilute shareholders. The company is still burning millions in cash on a daily basis with no meaningful operations restarting in at least a couple of months.</p>\n<p>The recent rally allows Carnival to sell stock at a much better valuation, but a shareholder can't rely on such a scenario. If the stock had fallen the last couple of months, the company could've diluted shares by up to 10% to raise the same $1 billion.</p>\n<p>The risk was that the stock would take off, but my view was that airlines such as&nbsp;<b>Spirit Airlines</b>(SAVE) provided better value without the same issue with restarting operations. Back in November, the airline was already flying at capacity levels near&nbsp;75% of 2019 levels&nbsp;and didn't have the same regulatory risks of health organizations shutting down the industry. While Carnival has done exceptionally well during this period, Spirit Airlines has easily outperformed.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9c4e49b8ee6f53d22dbb791244f3ef1a\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>Even now, Carnival remains mostly on pause until at least May with a vast majority of the business delayed long into 2021. More importantly, the investment story still has a ton of risk considering the&nbsp;lack of data&nbsp;showing cruises are safe in comparison to the&nbsp;wealth of data&nbsp;on flights.</p>\n<p>Carnival was last forecasted as burning cash at a rate of&nbsp;$600 million per month&nbsp;for FQ1'21 starting in December. The cash burn rate was forecasted to increase from $500 million per month in FQ4'20 due to capital expenses.</p>\n<p>Every month of delays places the company in line for more stock dilution. The cruise line ended November with $9.5 billion in cash on the balance sheet with mounting debt levels. Carnival could easily burn somewhere around $2.4 billion just in the period before cruises could resume on May 1. This amount doesn't even include cash to restart operations and cash burn rates for the ramp-up period before the cruise line gets back to break-even levels.</p>\n<p><b>Takeaway</b></p>\n<p>The key investor takeaway is that Carnival still faces a risky future as the cruise line struggles to reopen operations. Sometimes, investors have to let stocks run without them due to the risks and better opportunities in other sectors.</p>","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>Carnival: Not Worth The Risk</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\">\nCarnival: Not Worth The Risk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 15:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4408453-carnival-not-worth-the-risk><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nCarnival is still struggling to restate cruises with most departures delayed until after April 30.\nThe cruise line sold another 40.5 million shares to raise $1 billion as the company has ...</p>\n\n<a href=\"https://seekingalpha.com/article/4408453-carnival-not-worth-the-risk\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CCL":"嘉年华邮轮"},"source_url":"https://seekingalpha.com/article/4408453-carnival-not-worth-the-risk","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1103409582","content_text":"Summary\n\nCarnival is still struggling to restate cruises with most departures delayed until after April 30.\nThe cruise line sold another 40.5 million shares to raise $1 billion as the company has forecasted burning cash at a rate of $600 million per month.\nThe stock isn't worth the risk here with a $25+ billion valuation and the stock already topping $25.\n\nThe cruise line sector has seen a stock boost in the last few weeks, but the sector remains mostly on the sidelines with ships docked.Carnival Corp.(CCL) even used the rally to raise more cash via selling equity, in another sign the company isn't ready for prime time. Myinvestment thesisremains mixed on the cruise line stock as less risky opportunities exist elsewhere.\nImage Source: Carnival website\nDilution Galore\nAs the stock surged past $25, Carnival rushed out another equity offering. The company raised another $1 billion selling~40.5 million sharesat $25.10 per share. The market valuation topping $25 billion now, so the dilution was limited to ~4%.\n\nCarnival sold $2.5 billion worth of shares in at-the-market offerings in September and November. In essence, the cruise line has sold $3.5 billion worth of shares since the start of September plus converted $1.5 billion of debt into shares.\nThe cruise line couldn't wait to rush out the equity offering after the stock rose 6% on the prior day following positive bookings comments on the Royal Caribbean (RCL) earnings call and general market sentiment on the reopening trade in sector stocks and related categories like airlines. The cruise line lost $1.1 billion during the December quarter, but the company saw a 30% increase in new bookings this year compared to November and December per CFO Jason Liberty:\n\n Despite the lack of marketing spend, we have seen a 30% increase in new bookings since the beginning of the year when compared to November and December.\n\n\n The cumulative book position for sailings in the second half of 2021 is aligned with our expectations in terms of resumption of cruising with pricing higher than 2019, both including and excluding the dilutive impact of future cruise credits. It is probably too early in the booking window to talk too much about 2022, but behavior to date is quite similar to booking activities in previous years. Our book position for the first half of 2022 is within historical ranges at higher average prices.\n\nThe problem with the sector is that the vast majority of the industry is still shut down. Canada doesn't want cruises to restart this year and Carnival has already pushed out U.S. voyages until after April 30 with West Coast operations paused for more lengthy periods. Even P&O Cruises Australia is already paused until June 18 at the earliest.\nThe vaccine rollout could change the story along with the lower COVID-19 case counts. As of February 22, the CDC reports 44 million people have received a vaccine now with 19 million already getting a 2nd dose. Whether due to the vaccine rollout or not, the reported COVID-19 cases and hospitalizations are down substantially since the holiday break.\nAll of these numbers are good and in line with why future bookings are strong, but the cruise line still isn't back in business. Something could still upset the apple cart again that delays voyages.\nStruggling Finances\nThe whole reason Carnival was difficult to buy all of 2020 is the very reason the cruise line needed to raise another $1 billion and again dilute shareholders. The company is still burning millions in cash on a daily basis with no meaningful operations restarting in at least a couple of months.\nThe recent rally allows Carnival to sell stock at a much better valuation, but a shareholder can't rely on such a scenario. If the stock had fallen the last couple of months, the company could've diluted shares by up to 10% to raise the same $1 billion.\nThe risk was that the stock would take off, but my view was that airlines such as Spirit Airlines(SAVE) provided better value without the same issue with restarting operations. Back in November, the airline was already flying at capacity levels near 75% of 2019 levels and didn't have the same regulatory risks of health organizations shutting down the industry. While Carnival has done exceptionally well during this period, Spirit Airlines has easily outperformed.\nData by YCharts\nEven now, Carnival remains mostly on pause until at least May with a vast majority of the business delayed long into 2021. More importantly, the investment story still has a ton of risk considering the lack of data showing cruises are safe in comparison to the wealth of data on flights.\nCarnival was last forecasted as burning cash at a rate of $600 million per month for FQ1'21 starting in December. The cash burn rate was forecasted to increase from $500 million per month in FQ4'20 due to capital expenses.\nEvery month of delays places the company in line for more stock dilution. The cruise line ended November with $9.5 billion in cash on the balance sheet with mounting debt levels. Carnival could easily burn somewhere around $2.4 billion just in the period before cruises could resume on May 1. This amount doesn't even include cash to restart operations and cash burn rates for the ramp-up period before the cruise line gets back to break-even levels.\nTakeaway\nThe key investor takeaway is that Carnival still faces a risky future as the cruise line struggles to reopen operations. Sometimes, investors have to let stocks run without them due to the risks and better opportunities in other sectors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369915730,"gmtCreate":1613997063720,"gmtModify":1704886641161,"author":{"id":"3576578191878168","authorId":"3576578191878168","name":"nweiheng","avatar":"https://static.tigerbbs.com/6d61d9c9d9ae6133e9ba0f2a30075faf","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Buy the dip!&nbsp;","listText":"Buy the dip!&nbsp;","text":"Buy the dip!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/369915730","repostId":"1100241886","repostType":4,"repost":{"id":"1100241886","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":1613990937,"share":"https://www.laohu8.com/m/news/1100241886?lang=&edition=full","pubTime":"2021-02-22 18:48","market":"fut","language":"en","title":"Bitcoin slips sharply from record highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1100241886","media":"Reuters","summary":"Bitcoin fell sharply on Monday after surging to a record $58,354 a day earlier, as a selloff in glob","content":"<p>Bitcoin fell sharply on Monday after surging to a record $58,354 a day earlier, as a selloff in global equities curbed risk appetite.</p>\n<p>The most popular cryptocurrency rallied over the weekend to record levels, almost doubling year-to-date. It hit a market capitalisation of $1 trillion on Friday.</p>\n<p>Bitcoin’s gains have been fueled by signs it is gaining acceptance among mainstream investors and companies, from Tesla Inc and Mastercard Inc to BNY Mellon.</p>\n<p>It fell as much as 6% on Monday, and was last trading down 4.4% at $54,941. Rival cryptocurrency ether fell 7% to $1,798 after also hitting a record high on Saturday.</p>\n<p>Traders said the move was largely technical, and not tied to any particular news catalyst.</p>\n<p>“We did finally see some momentum gathering over the weekend, but weekend rallies haven’t been sustainable lately,” said Joseph Edwards of Enigma Securities, a cryptocurrency broker in London.</p>\n<p>“We do tend to think that there’s a good chance of a down week and small correction coming in off of this, although it does little to dull medium-term prospects.”</p>\n<p>Tesla boss Elon Musk, whose tweets on bitcoin have added fuel to the cryptocurrency’s rally, said on Saturday the price of bitcoin and ethereum seemed high.</p>","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>Bitcoin slips sharply from record highs</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\">\nBitcoin slips sharply from record highs\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\">2021-02-22 18:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Bitcoin fell sharply on Monday after surging to a record $58,354 a day earlier, as a selloff in global equities curbed risk appetite.</p>\n<p>The most popular cryptocurrency rallied over the weekend to record levels, almost doubling year-to-date. It hit a market capitalisation of $1 trillion on Friday.</p>\n<p>Bitcoin’s gains have been fueled by signs it is gaining acceptance among mainstream investors and companies, from Tesla Inc and Mastercard Inc to BNY Mellon.</p>\n<p>It fell as much as 6% on Monday, and was last trading down 4.4% at $54,941. Rival cryptocurrency ether fell 7% to $1,798 after also hitting a record high on Saturday.</p>\n<p>Traders said the move was largely technical, and not tied to any particular news catalyst.</p>\n<p>“We did finally see some momentum gathering over the weekend, but weekend rallies haven’t been sustainable lately,” said Joseph Edwards of Enigma Securities, a cryptocurrency broker in London.</p>\n<p>“We do tend to think that there’s a good chance of a down week and small correction coming in off of this, although it does little to dull medium-term prospects.”</p>\n<p>Tesla boss Elon Musk, whose tweets on bitcoin have added fuel to the cryptocurrency’s rally, said on Saturday the price of bitcoin and ethereum seemed high.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100241886","content_text":"Bitcoin fell sharply on Monday after surging to a record $58,354 a day earlier, as a selloff in global equities curbed risk appetite.\nThe most popular cryptocurrency rallied over the weekend to record levels, almost doubling year-to-date. It hit a market capitalisation of $1 trillion on Friday.\nBitcoin’s gains have been fueled by signs it is gaining acceptance among mainstream investors and companies, from Tesla Inc and Mastercard Inc to BNY Mellon.\nIt fell as much as 6% on Monday, and was last trading down 4.4% at $54,941. Rival cryptocurrency ether fell 7% to $1,798 after also hitting a record high on Saturday.\nTraders said the move was largely technical, and not tied to any particular news catalyst.\n“We did finally see some momentum gathering over the weekend, but weekend rallies haven’t been sustainable lately,” said Joseph Edwards of Enigma Securities, a cryptocurrency broker in London.\n“We do tend to think that there’s a good chance of a down week and small correction coming in off of this, although it does little to dull medium-term prospects.”\nTesla boss Elon Musk, whose tweets on bitcoin have added fuel to the cryptocurrency’s rally, said on Saturday the price of bitcoin and ethereum seemed high.","news_type":1},"isVote":1,"tweetType":1,"viewCount":102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369915275,"gmtCreate":1613997039697,"gmtModify":1704886640838,"author":{"id":"3576578191878168","authorId":"3576578191878168","name":"nweiheng","avatar":"https://static.tigerbbs.com/6d61d9c9d9ae6133e9ba0f2a30075faf","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Buy!&nbsp;","listText":"Buy!&nbsp;","text":"Buy!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/369915275","repostId":"1100241886","repostType":4,"repost":{"id":"1100241886","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":1613990937,"share":"https://www.laohu8.com/m/news/1100241886?lang=&edition=full","pubTime":"2021-02-22 18:48","market":"fut","language":"en","title":"Bitcoin slips sharply from record highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1100241886","media":"Reuters","summary":"Bitcoin fell sharply on Monday after surging to a record $58,354 a day earlier, as a selloff in glob","content":"<p>Bitcoin fell sharply on Monday after surging to a record $58,354 a day earlier, as a selloff in global equities curbed risk appetite.</p>\n<p>The most popular cryptocurrency rallied over the weekend to record levels, almost doubling year-to-date. It hit a market capitalisation of $1 trillion on Friday.</p>\n<p>Bitcoin’s gains have been fueled by signs it is gaining acceptance among mainstream investors and companies, from Tesla Inc and Mastercard Inc to BNY Mellon.</p>\n<p>It fell as much as 6% on Monday, and was last trading down 4.4% at $54,941. Rival cryptocurrency ether fell 7% to $1,798 after also hitting a record high on Saturday.</p>\n<p>Traders said the move was largely technical, and not tied to any particular news catalyst.</p>\n<p>“We did finally see some momentum gathering over the weekend, but weekend rallies haven’t been sustainable lately,” said Joseph Edwards of Enigma Securities, a cryptocurrency broker in London.</p>\n<p>“We do tend to think that there’s a good chance of a down week and small correction coming in off of this, although it does little to dull medium-term prospects.”</p>\n<p>Tesla boss Elon Musk, whose tweets on bitcoin have added fuel to the cryptocurrency’s rally, said on Saturday the price of bitcoin and ethereum seemed high.</p>","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>Bitcoin slips sharply from record highs</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\">\nBitcoin slips sharply from record highs\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\">2021-02-22 18:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Bitcoin fell sharply on Monday after surging to a record $58,354 a day earlier, as a selloff in global equities curbed risk appetite.</p>\n<p>The most popular cryptocurrency rallied over the weekend to record levels, almost doubling year-to-date. It hit a market capitalisation of $1 trillion on Friday.</p>\n<p>Bitcoin’s gains have been fueled by signs it is gaining acceptance among mainstream investors and companies, from Tesla Inc and Mastercard Inc to BNY Mellon.</p>\n<p>It fell as much as 6% on Monday, and was last trading down 4.4% at $54,941. Rival cryptocurrency ether fell 7% to $1,798 after also hitting a record high on Saturday.</p>\n<p>Traders said the move was largely technical, and not tied to any particular news catalyst.</p>\n<p>“We did finally see some momentum gathering over the weekend, but weekend rallies haven’t been sustainable lately,” said Joseph Edwards of Enigma Securities, a cryptocurrency broker in London.</p>\n<p>“We do tend to think that there’s a good chance of a down week and small correction coming in off of this, although it does little to dull medium-term prospects.”</p>\n<p>Tesla boss Elon Musk, whose tweets on bitcoin have added fuel to the cryptocurrency’s rally, said on Saturday the price of bitcoin and ethereum seemed high.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100241886","content_text":"Bitcoin fell sharply on Monday after surging to a record $58,354 a day earlier, as a selloff in global equities curbed risk appetite.\nThe most popular cryptocurrency rallied over the weekend to record levels, almost doubling year-to-date. It hit a market capitalisation of $1 trillion on Friday.\nBitcoin’s gains have been fueled by signs it is gaining acceptance among mainstream investors and companies, from Tesla Inc and Mastercard Inc to BNY Mellon.\nIt fell as much as 6% on Monday, and was last trading down 4.4% at $54,941. Rival cryptocurrency ether fell 7% to $1,798 after also hitting a record high on Saturday.\nTraders said the move was largely technical, and not tied to any particular news catalyst.\n“We did finally see some momentum gathering over the weekend, but weekend rallies haven’t been sustainable lately,” said Joseph Edwards of Enigma Securities, a cryptocurrency broker in London.\n“We do tend to think that there’s a good chance of a down week and small correction coming in off of this, although it does little to dull medium-term prospects.”\nTesla boss Elon Musk, whose tweets on bitcoin have added fuel to the cryptocurrency’s rally, said on Saturday the price of bitcoin and ethereum seemed high.","news_type":1},"isVote":1,"tweetType":1,"viewCount":86,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":324535510,"gmtCreate":1616005112830,"gmtModify":1704789660009,"author":{"id":"3576578191878168","authorId":"3576578191878168","name":"nweiheng","avatar":"https://static.tigerbbs.com/6d61d9c9d9ae6133e9ba0f2a30075faf","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Time for Apple EV","listText":"Time for Apple EV","text":"Time for Apple EV","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324535510","repostId":"1119964353","repostType":4,"isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321003587,"gmtCreate":1615382214449,"gmtModify":1704781936344,"author":{"id":"3576578191878168","authorId":"3576578191878168","name":"nweiheng","avatar":"https://static.tigerbbs.com/6d61d9c9d9ae6133e9ba0f2a30075faf","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Weird purchase consideeing square's biz","listText":"Weird purchase consideeing square's biz","text":"Weird purchase consideeing square's biz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321003587","repostId":"1197825407","repostType":4,"repost":{"id":"1197825407","pubTimestamp":1615381494,"share":"https://www.laohu8.com/m/news/1197825407?lang=&edition=full","pubTime":"2021-03-10 21:04","market":"us","language":"en","title":"Why Twitter, Not Square, Should Have Bought Tidal","url":"https://stock-news.laohu8.com/highlight/detail?id=1197825407","media":"Motley Fool","summary":"Jack Dorsey should have steered the struggling streaming music service toward his social network ins","content":"<p>Jack Dorsey should have steered the struggling streaming music service toward his social network instead of his fintech platform.</p>\n<p>Fintech stalwart&nbsp;<b>Square</b>(NYSE:SQ&nbsp;)is buying a majority stake in the streaming music service Tidal for $297 million in cash and stock. Jay-Z, who owns Tidal through his holding company, Project Panther Bidco, will join Square's board. The acquisition raised eyebrows since Square mainly provides online payment services for merchants, and peer-to-peer payments,<b>Bitcoin</b>(CRYPTO:BTC)&nbsp;purchases, and stock trades for consumers.</p>\n<p>In a threaded tweet, Square CEO Jack Dorsey, who also leads&nbsp;<b>Twitter</b>(NYSE:TWTR), defended the purchase by declaring that Square's payment services could help Tidal's musicians \"support their work,\" and there were still plenty of \"compelling\" growth opportunities \"between music and the economy.\"</p>\n<p>But as a Square investor, I still can't see the synergies between Square and Tidal. Instead, I think Tidal would have been a better fit for Twitter, which is already a major promotional platform for musicians.</p>\n<p><b>Why buying Tidal doesn't make sense for Square</b></p>\n<p>Tidal is a distant underdog in the crowded streaming music market. It claimed to serve 3 million subscribers in early 2016, but it hasn't updated that figure since then.</p>\n<p>In 2017, a Norwegian newspaper claimed Tidal was inflating its&nbsp;subscriber numbers, and that it only had about 1.2 million subscribers. Last year, Counterpoint Research claimed Tidal only accounted for about 5% of the streaming music market.</p>\n<p>By comparison,<b>Spotify</b>(NYSE:SPOT)ended 2020 with&nbsp;345 million monthly active users and 155 million paid subscribers.<b>Apple</b>(NASDAQ:AAPL)&nbsp;Music surpassed 72 million subscribers last&nbsp;year.</p>\n<p>Tidal costs $9.99 per month for standard-quality streams, which roughly matches Spotify Premium and Apple Music's prices, and $19.99 per month for high-quality streams. Its revenue rose 26% to $147.6 million in 2018, which suggests it only served about 1.2 million to 2.4 million subscribers that year.</p>\n<p>Tidal's net loss&nbsp;only narrowed slightly from $40.2 million to $36.9 million in 2018. It hasn't revealed any updated figures for 2019 or 2020 yet.</p>\n<p>Meanwhile, Square's own bottom line remains wobbly. Its net income declined 43% to $213 million in 2020, as itrelied heavilyon lower-margin Bitcoin revenue to offset its declining transaction fee revenue throughout the pandemic.</p>\n<p>Excluding $295 million in investment-related gains, most of which came from its stake in&nbsp;<b>DoorDash</b>(NYSE:DASH), it would have posted a net loss of $82 million. Square gained that stake by selling its food delivery platform, Caviar, to DoorDash in&nbsp;late 2019.</p>\n<p>Square likely sold Caviar because it was losing money and couldn't gain much ground against DoorDash,<b>Grubhub</b>, or&nbsp;<b>Uber</b>&nbsp;Eats in the food delivery market. But Tidal is also losing money and struggling to stay relevant in a market dominated by larger rivals.</p>\n<p>Caviar, which could be integrated into Square's \"Square for Restaurants\" platform, also seemed like a much better fit for Square's payments ecosystem than Tidal. Dorsey believes Squarecan enhanceTidal's ecosystem by helping its musicians sell merchandise, accept payments for shows, and more -- but those synergies don't seem to justify a purchase of nearly $300 million.</p>\n<p><b>Why Tidal is a better fit for Twitter</b></p>\n<p>Twitter recently set someambitious growth targetsfor 2023. It expects to grow its mDAUs (monetizable daily active users) from 192 million at the end of 2020 to \"at least\" 315 million by&nbsp;the end of 2023. It plans to significantly increase its number of monetizable features and believes those improvements will<i>more than double</i>its annual revenue from $3.7 billion in 2020 to more than $7.5 billion in 2023. Twitter also plans to offer more ad products for small-to-medium-sized businesses, expand its mobile advertising platform MoPub, and possibly allow its users to charge subscription fees to hit those targets.</p>\n<p>But I'm not convinced those efforts will work, especially as higher-growth social media platforms like&nbsp;<b>Snap</b>'s Snapchat and&nbsp;<b>Pinterest</b>&nbsp;are growing atmuch faster ratesthan Twitter.</p>\n<p>However, buying Tidal's streaming music platform and integrating it into Twitter's mobile app could be a game-changing move. Musicians could directly stream music from their profiles, and Twitter could launch a freemium version of Tidal as a new tab within its app. That ecosystem expansion, which would mirror Snap's addition of Discover videos, could lock in Twitter's users and boost its average revenue per user.</p>\n<p>Twitter also ended 2020 with a net loss, mainly due to pandemic-related expenses, but its profitability should improve significantly this&nbsp;year as its core advertising business regains its momentum. Therefore, Twitter could have easily justified buying Tidal as a necessary expansion of its business.</p>\n<p><b>The bottom line</b></p>\n<p>I don't plan to sell my shares of Square anytime soon, but its abrupt investment in Tidal is a baffling decision. It makes less sense than its purchase of Caviar, and it would have been a much better fit for Twitter.</p>","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>Why Twitter, Not Square, Should Have Bought Tidal</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\">\nWhy Twitter, Not Square, Should Have Bought Tidal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 21:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/10/why-twitter-should-have-bought-tidal-not-square/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Jack Dorsey should have steered the struggling streaming music service toward his social network instead of his fintech platform.\nFintech stalwart Square(NYSE:SQ )is buying a majority stake in the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/10/why-twitter-should-have-bought-tidal-not-square/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block","TWTR":"Twitter"},"source_url":"https://www.fool.com/investing/2021/03/10/why-twitter-should-have-bought-tidal-not-square/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197825407","content_text":"Jack Dorsey should have steered the struggling streaming music service toward his social network instead of his fintech platform.\nFintech stalwart Square(NYSE:SQ )is buying a majority stake in the streaming music service Tidal for $297 million in cash and stock. Jay-Z, who owns Tidal through his holding company, Project Panther Bidco, will join Square's board. The acquisition raised eyebrows since Square mainly provides online payment services for merchants, and peer-to-peer payments,Bitcoin(CRYPTO:BTC) purchases, and stock trades for consumers.\nIn a threaded tweet, Square CEO Jack Dorsey, who also leads Twitter(NYSE:TWTR), defended the purchase by declaring that Square's payment services could help Tidal's musicians \"support their work,\" and there were still plenty of \"compelling\" growth opportunities \"between music and the economy.\"\nBut as a Square investor, I still can't see the synergies between Square and Tidal. Instead, I think Tidal would have been a better fit for Twitter, which is already a major promotional platform for musicians.\nWhy buying Tidal doesn't make sense for Square\nTidal is a distant underdog in the crowded streaming music market. It claimed to serve 3 million subscribers in early 2016, but it hasn't updated that figure since then.\nIn 2017, a Norwegian newspaper claimed Tidal was inflating its subscriber numbers, and that it only had about 1.2 million subscribers. Last year, Counterpoint Research claimed Tidal only accounted for about 5% of the streaming music market.\nBy comparison,Spotify(NYSE:SPOT)ended 2020 with 345 million monthly active users and 155 million paid subscribers.Apple(NASDAQ:AAPL) Music surpassed 72 million subscribers last year.\nTidal costs $9.99 per month for standard-quality streams, which roughly matches Spotify Premium and Apple Music's prices, and $19.99 per month for high-quality streams. Its revenue rose 26% to $147.6 million in 2018, which suggests it only served about 1.2 million to 2.4 million subscribers that year.\nTidal's net loss only narrowed slightly from $40.2 million to $36.9 million in 2018. It hasn't revealed any updated figures for 2019 or 2020 yet.\nMeanwhile, Square's own bottom line remains wobbly. Its net income declined 43% to $213 million in 2020, as itrelied heavilyon lower-margin Bitcoin revenue to offset its declining transaction fee revenue throughout the pandemic.\nExcluding $295 million in investment-related gains, most of which came from its stake in DoorDash(NYSE:DASH), it would have posted a net loss of $82 million. Square gained that stake by selling its food delivery platform, Caviar, to DoorDash in late 2019.\nSquare likely sold Caviar because it was losing money and couldn't gain much ground against DoorDash,Grubhub, or Uber Eats in the food delivery market. But Tidal is also losing money and struggling to stay relevant in a market dominated by larger rivals.\nCaviar, which could be integrated into Square's \"Square for Restaurants\" platform, also seemed like a much better fit for Square's payments ecosystem than Tidal. Dorsey believes Squarecan enhanceTidal's ecosystem by helping its musicians sell merchandise, accept payments for shows, and more -- but those synergies don't seem to justify a purchase of nearly $300 million.\nWhy Tidal is a better fit for Twitter\nTwitter recently set someambitious growth targetsfor 2023. It expects to grow its mDAUs (monetizable daily active users) from 192 million at the end of 2020 to \"at least\" 315 million by the end of 2023. It plans to significantly increase its number of monetizable features and believes those improvements willmore than doubleits annual revenue from $3.7 billion in 2020 to more than $7.5 billion in 2023. Twitter also plans to offer more ad products for small-to-medium-sized businesses, expand its mobile advertising platform MoPub, and possibly allow its users to charge subscription fees to hit those targets.\nBut I'm not convinced those efforts will work, especially as higher-growth social media platforms like Snap's Snapchat and Pinterest are growing atmuch faster ratesthan Twitter.\nHowever, buying Tidal's streaming music platform and integrating it into Twitter's mobile app could be a game-changing move. Musicians could directly stream music from their profiles, and Twitter could launch a freemium version of Tidal as a new tab within its app. That ecosystem expansion, which would mirror Snap's addition of Discover videos, could lock in Twitter's users and boost its average revenue per user.\nTwitter also ended 2020 with a net loss, mainly due to pandemic-related expenses, but its profitability should improve significantly this year as its core advertising business regains its momentum. Therefore, Twitter could have easily justified buying Tidal as a necessary expansion of its business.\nThe bottom line\nI don't plan to sell my shares of Square anytime soon, but its abrupt investment in Tidal is a baffling decision. It makes less sense than its purchase of Caviar, and it would have been a much better fit for Twitter.","news_type":1},"isVote":1,"tweetType":1,"viewCount":261,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":366035131,"gmtCreate":1614358472123,"gmtModify":1704771232199,"author":{"id":"3576578191878168","authorId":"3576578191878168","name":"nweiheng","avatar":"https://static.tigerbbs.com/6d61d9c9d9ae6133e9ba0f2a30075faf","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/366035131","repostId":"1117820997","repostType":4,"repost":{"id":"1117820997","pubTimestamp":1614337504,"share":"https://www.laohu8.com/m/news/1117820997?lang=&edition=full","pubTime":"2021-02-26 19:05","market":"us","language":"en","title":"Coinbase IPO: 5 things to know about the U.S. cryptocurrency exchange","url":"https://stock-news.laohu8.com/highlight/detail?id=1117820997","media":"MarketWatch","summary":"A long-awaited public offering of Coinbase Global Inc. appears near after the cryptocurrency trading","content":"<p>A long-awaited public offering of Coinbase Global Inc. appears near after the cryptocurrency trading platform filed paperwork with the Securities and Exchange Commission on Thursday.</p>\n<p>Coinbase&nbsp;plans to list on the Nasdaq Inc. exchange&nbsp;under the ticker symbol “COIN,” with the aim of employing a nontraditional direct listing to take itself public. This method means it won’t raise any new money, similar to approaches used by Palantir Technologies,Slack Technologies&nbsp;and Spotify Technology&nbsp;in recent years.</p>\n<p>Here’s what to know about the popular trading platform ahead of its public offering.</p>\n<p><b>What is Coinbase?</b></p>\n<p>The Silicon Valley crypto exchange was co-founded in 2012 by Brian Armstrong, 38, who runs the platform chief executive. Fred Ehrsam, a Coinbase director, also helped to create the company.</p>\n<p>There are two class of Coinbase shares. Armstrong owns 11% of the Class A shares and 22% of the Class B shares, while Ehrsam owns 11.4% of the Class A and 9% of the Class B.</p>\n<p>According to Forbes, Armstrong’s networth is currently $6.5 billion based on his ownership in the company, which is likely to increase if the direct listing goes off successfully.</p>\n<p>Coinbase bills itself as a bet on the rapidly growing cryptoeconomy, which starts with the No. 1 crypto asset bitcoin but goes well beyond that, Armstrong and company argue.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/67e611f71f8557b80e1863da93d753c9\" tg-width=\"1260\" tg-height=\"639\"><span>COINBASE S-1</span></p>\n<p>Bitcoin prices&nbsp;have gained attention as it has soared to repeated records, most recently touching a recent peak above $58,000 over the weekend before beginning to give up some gains in recent trade.</p>\n<p>Last week, bitcoin hit a market value of $1 trillion and even though the asset created by a person or persons known as Satoshi Nakamoto represents about 70% of the total crypto market, there are still a number of other popular crypto assets trading on Coinbase, including ether&nbsp;on Ethereum’s blockchain, Bitcoin Cash&nbsp;and Litecoin,to name a few.</p>\n<p><b>Who else owns Coinbase?</b></p>\n<p>Venture-capital firm Andreessen Horowitz, is the largest owner of Coinbase, boasting about 25% of Class A shares and14% of Class B. And Marc Andreessen, head of the venture capital outfit, sits on Coinbase’s board.</p>\n<p>Coinbase has an ambitions echo those of Robinhood Markets</p>\n<p>“Coinbase is company with an ambitious vision: to create more economic freedom for every person and business,” Armstrong wrote in a letter appended to the company’s public-filing paperwork with the SEC.</p>\n<p><b>Biggest risk factor</b></p>\n<p>No doubt the biggest risk factor in Coinbase is that it is a bet on an unproven asset class that was created just over a decade ago. Coinbase attempts to make it clear that its fate is linked to the prospects for Bitcoin and ethereum and the thousands of other alternative coins that have been written into existence.</p>\n<p>But a decline in interest and tough regulations in the U.S. and elsewhere could wallop the exchange platform.</p>\n<p>Here’s now Coinbase explains it:</p>\n<p>“<i>There is no assurance that any supported crypto asset will maintain its value or that there will be meaningful levels of trading activities. In the event that the price of crypto assets or the demand for trading crypto assets decline, our business, operating results, and financial condition would be adversely affected. A majority of our net revenue is from transactions in Bitcoin and ethereum. If demand for these crypto assets declines and is not replaced by new demand for crypto assets, our business, operating results, and financial condition could be adversely affected</i>,” Coinbase writes in its S-1 filing.</p>\n<p><b>How large is Coinbase?</b></p>\n<p>The crypto exchange platform ranks No. 3 among the largest digital asset exchanges in the world, according to data site CoinMarketCap.com. That ranking puts it behind Binance, based in Seattle and Huobi Global, a Seychelles-based cryptocurrency exchange that was founded in China.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/183f3996adecd36a47a1b191cf6d3ca6\" tg-width=\"1260\" tg-height=\"453\"><span>COINMARKETCAP.COM</span></p>\n<p>In the U.S. Coinbase is by far the most well-known crypto platform but there are competitors, including Gemini, run by Tyler and Cameron Winklevoss, who famously used their Facebook Inc.&nbsp;settlements to invest in bitcoins.</p>\n<p>Kraken is another popular crypto platform and direct competitor in the U.S.</p>\n<p><b>Odds &amp; Ends</b></p>\n<p>The company in its public filing offered a number of homages to the founder or founders of bitcoin and the digital currency age in its submission.</p>\n<p>For example, it listed the genesis block associated with Satoshi Nakamoto at “1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa,” whose white paper back in 2008 set bitcoin in motion. (Additionally, a “Satoshi” is the smallest unit of bitcoin—0.00000001 BTC).</p>\n<p>The company offers no physical address for its headquarters in California, citing the COVID-19 pandemic, which has forced a number of companies to have most, if not all, of its staffers work remotely. For that reason, Coinbase refers to itself as “a remote-first company.”</p>\n<p>However, having no address to some was viewed as aligning with the decentralized nature of blockchain and bitcoins.</p>\n<p>The company also offered a handy primer on cryptocurrency terms, including defining terms like “hodl,” which have become popular in crypto circles. Hodl was accidentally coined in a 2013 Reddit&nbsp;and means long-term holder of an investment.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d3d07b595555c3cb7e307056bde87a6\" tg-width=\"1260\" tg-height=\"348\"><span>SEC</span></p>\n<p><b>Armstrong crypto charity</b></p>\n<p>Back in 2018, Armstrong kicked off GiveCrypto.org, which makes direct cash transfers to people living in poverty.</p>\n<p>“People who invested early in crypto have amassed an enormous amount of wealth in a relatively short amount of time. Yet the reputation of the crypto community has been dominated by images of ‘bros in Lambos,’ whose antics get a lot of attention,”wrote Armstrong in a separate blog post on Mediumin 2018.</p>\n<p>Armstrong has reportedly donated at least $1 million to&nbsp;GiveCrypto.</p>","source":"market_watch","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>Coinbase IPO: 5 things to know about the U.S. cryptocurrency exchange</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\">\nCoinbase IPO: 5 things to know about the U.S. cryptocurrency exchange\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 19:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/coinbase-ipo-5-things-to-know-about-the-u-s-cryptocurrency-exchange-11614290534?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A long-awaited public offering of Coinbase Global Inc. appears near after the cryptocurrency trading platform filed paperwork with the Securities and Exchange Commission on Thursday.\nCoinbase plans to...</p>\n\n<a href=\"https://www.marketwatch.com/story/coinbase-ipo-5-things-to-know-about-the-u-s-cryptocurrency-exchange-11614290534?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SQ":"Block","PYPL":"PayPal","GBTC":"Grayscale Bitcoin Trust","NDAQ":"纳斯达克OMX交易所","SPOT":"Spotify Technology S.A.","PLTR":"Palantir Technologies Inc."},"source_url":"https://www.marketwatch.com/story/coinbase-ipo-5-things-to-know-about-the-u-s-cryptocurrency-exchange-11614290534?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1117820997","content_text":"A long-awaited public offering of Coinbase Global Inc. appears near after the cryptocurrency trading platform filed paperwork with the Securities and Exchange Commission on Thursday.\nCoinbase plans to list on the Nasdaq Inc. exchange under the ticker symbol “COIN,” with the aim of employing a nontraditional direct listing to take itself public. This method means it won’t raise any new money, similar to approaches used by Palantir Technologies,Slack Technologies and Spotify Technology in recent years.\nHere’s what to know about the popular trading platform ahead of its public offering.\nWhat is Coinbase?\nThe Silicon Valley crypto exchange was co-founded in 2012 by Brian Armstrong, 38, who runs the platform chief executive. Fred Ehrsam, a Coinbase director, also helped to create the company.\nThere are two class of Coinbase shares. Armstrong owns 11% of the Class A shares and 22% of the Class B shares, while Ehrsam owns 11.4% of the Class A and 9% of the Class B.\nAccording to Forbes, Armstrong’s networth is currently $6.5 billion based on his ownership in the company, which is likely to increase if the direct listing goes off successfully.\nCoinbase bills itself as a bet on the rapidly growing cryptoeconomy, which starts with the No. 1 crypto asset bitcoin but goes well beyond that, Armstrong and company argue.\nCOINBASE S-1\nBitcoin prices have gained attention as it has soared to repeated records, most recently touching a recent peak above $58,000 over the weekend before beginning to give up some gains in recent trade.\nLast week, bitcoin hit a market value of $1 trillion and even though the asset created by a person or persons known as Satoshi Nakamoto represents about 70% of the total crypto market, there are still a number of other popular crypto assets trading on Coinbase, including ether on Ethereum’s blockchain, Bitcoin Cash and Litecoin,to name a few.\nWho else owns Coinbase?\nVenture-capital firm Andreessen Horowitz, is the largest owner of Coinbase, boasting about 25% of Class A shares and14% of Class B. And Marc Andreessen, head of the venture capital outfit, sits on Coinbase’s board.\nCoinbase has an ambitions echo those of Robinhood Markets\n“Coinbase is company with an ambitious vision: to create more economic freedom for every person and business,” Armstrong wrote in a letter appended to the company’s public-filing paperwork with the SEC.\nBiggest risk factor\nNo doubt the biggest risk factor in Coinbase is that it is a bet on an unproven asset class that was created just over a decade ago. Coinbase attempts to make it clear that its fate is linked to the prospects for Bitcoin and ethereum and the thousands of other alternative coins that have been written into existence.\nBut a decline in interest and tough regulations in the U.S. and elsewhere could wallop the exchange platform.\nHere’s now Coinbase explains it:\n“There is no assurance that any supported crypto asset will maintain its value or that there will be meaningful levels of trading activities. In the event that the price of crypto assets or the demand for trading crypto assets decline, our business, operating results, and financial condition would be adversely affected. A majority of our net revenue is from transactions in Bitcoin and ethereum. If demand for these crypto assets declines and is not replaced by new demand for crypto assets, our business, operating results, and financial condition could be adversely affected,” Coinbase writes in its S-1 filing.\nHow large is Coinbase?\nThe crypto exchange platform ranks No. 3 among the largest digital asset exchanges in the world, according to data site CoinMarketCap.com. That ranking puts it behind Binance, based in Seattle and Huobi Global, a Seychelles-based cryptocurrency exchange that was founded in China.\nCOINMARKETCAP.COM\nIn the U.S. Coinbase is by far the most well-known crypto platform but there are competitors, including Gemini, run by Tyler and Cameron Winklevoss, who famously used their Facebook Inc. settlements to invest in bitcoins.\nKraken is another popular crypto platform and direct competitor in the U.S.\nOdds & Ends\nThe company in its public filing offered a number of homages to the founder or founders of bitcoin and the digital currency age in its submission.\nFor example, it listed the genesis block associated with Satoshi Nakamoto at “1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa,” whose white paper back in 2008 set bitcoin in motion. (Additionally, a “Satoshi” is the smallest unit of bitcoin—0.00000001 BTC).\nThe company offers no physical address for its headquarters in California, citing the COVID-19 pandemic, which has forced a number of companies to have most, if not all, of its staffers work remotely. For that reason, Coinbase refers to itself as “a remote-first company.”\nHowever, having no address to some was viewed as aligning with the decentralized nature of blockchain and bitcoins.\nThe company also offered a handy primer on cryptocurrency terms, including defining terms like “hodl,” which have become popular in crypto circles. Hodl was accidentally coined in a 2013 Reddit and means long-term holder of an investment.\nSEC\nArmstrong crypto charity\nBack in 2018, Armstrong kicked off GiveCrypto.org, which makes direct cash transfers to people living in poverty.\n“People who invested early in crypto have amassed an enormous amount of wealth in a relatively short amount of time. Yet the reputation of the crypto community has been dominated by images of ‘bros in Lambos,’ whose antics get a lot of attention,”wrote Armstrong in a separate blog post on Mediumin 2018.\nArmstrong has reportedly donated at least $1 million to GiveCrypto.","news_type":1},"isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363532453,"gmtCreate":1614151539172,"gmtModify":1704888774108,"author":{"id":"3576578191878168","authorId":"3576578191878168","name":"nweiheng","avatar":"https://static.tigerbbs.com/6d61d9c9d9ae6133e9ba0f2a30075faf","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Expected.&nbsp;","listText":"Expected.&nbsp;","text":"Expected.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363532453","repostId":"1103409582","repostType":4,"isVote":1,"tweetType":1,"viewCount":185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369915730,"gmtCreate":1613997063720,"gmtModify":1704886641161,"author":{"id":"3576578191878168","authorId":"3576578191878168","name":"nweiheng","avatar":"https://static.tigerbbs.com/6d61d9c9d9ae6133e9ba0f2a30075faf","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Buy the dip!&nbsp;","listText":"Buy the dip!&nbsp;","text":"Buy the dip!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/369915730","repostId":"1100241886","repostType":4,"isVote":1,"tweetType":1,"viewCount":102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369915275,"gmtCreate":1613997039697,"gmtModify":1704886640838,"author":{"id":"3576578191878168","authorId":"3576578191878168","name":"nweiheng","avatar":"https://static.tigerbbs.com/6d61d9c9d9ae6133e9ba0f2a30075faf","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Buy!&nbsp;","listText":"Buy!&nbsp;","text":"Buy!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/369915275","repostId":"1100241886","repostType":4,"isVote":1,"tweetType":1,"viewCount":86,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}