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Global active equity funds see inflows after seven years
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","text":"please like and comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/860165573","repostId":"2168468850","repostType":4,"repost":{"id":"2168468850","kind":"highlight","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":1632144031,"share":"https://ttm.financial/m/news/2168468850?lang=&edition=fundamental","pubTime":"2021-09-20 21:20","market":"us","language":"en","title":"Global active equity funds see inflows after seven years","url":"https://stock-news.laohu8.com/highlight/detail?id=2168468850","media":"Reuters","summary":"Sept 20 (Reuters) - Global active equity funds have seen higher inflows this year, bolstered by a su","content":"<p>Sept 20 (Reuters) - Global active equity funds have seen higher inflows this year, bolstered by a surge in equities and higher participation of retail investors, who aim for higher returns than the benchmark indexes.</p>\n<p>According to Refinitiv data, global active equity funds have attracted a total $36.6 billion in the first eight months of this year, after seeing outflows in the previous seven years.</p>\n<p>European active equity funds led the inflows, obtaining $155.1 billion, while Asian funds saw $41.7 billion.</p>\n<p>U.S. active equity funds witnessed outflows of $191 billion, however, the outflow was 32% less than in 2020.</p>\n<p>“The inflows broadly appear to be related to portfolio rebalancing and investors’ seeking active managers who can dynamically adjust to an ever shifting environment,\" said Russ Ivinjack, senior partner at investment consultant Aon.</p>\n<p>“We expect flows to active strategies to continue to be strong as most investors have a full allotment to indexing and require the additional return potential that active management offers in less efficient markets.”</p>\n<p>Flows into active funds have lagged in the past few years due to their higher fees and a lacklustre performance over passively managed funds.</p>\n<p>Active equity funds have delivered a return of 13.8% this year, lower than the passive equity funds' gain of 14%.</p>\n<p>\"The market is rife with alpha opportunity where the dispersion between the best and worst performing stock quintiles has trended well above average for over a year,\" said BofA in a note this month.</p>\n<p>Retail trading levels have increased since the beginning of the year, helped by the frenzy of buying in stocks such as GameStop Corp.</p>\n<p>However, their inclusion in indexes happens much later and hence investors in passive funds have to forego those initial gains, analysts said.</p>\n<p>GameStop Corp has risen 988% this year, against the S&P 500 index's gain of 18%.</p>\n<p>\"GameStop was a part of the S&P SmallCap 600, but it was after the stock gained some 10-fold in 2021 that it was added to the S&P MidCap 400 index,\" said Kunal Sawhney, chief executive officer at independent research firm Kalkine.</p>\n<p>\"The point is indices rely on how any particular stock is trading in the market, and any addition or replacement in the index is based on stock performance.\"</p>\n<p>(Reporting by Patturaja Murugaboopathy; Additional Reporting by Gaurav Dogra in Bengaluru; Editing by Alison Williams)</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>Global active equity funds see inflows after seven years</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\">\nGlobal active equity funds see inflows after seven years\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\">2021-09-20 21:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Sept 20 (Reuters) - Global active equity funds have seen higher inflows this year, bolstered by a surge in equities and higher participation of retail investors, who aim for higher returns than the benchmark indexes.</p>\n<p>According to Refinitiv data, global active equity funds have attracted a total $36.6 billion in the first eight months of this year, after seeing outflows in the previous seven years.</p>\n<p>European active equity funds led the inflows, obtaining $155.1 billion, while Asian funds saw $41.7 billion.</p>\n<p>U.S. active equity funds witnessed outflows of $191 billion, however, the outflow was 32% less than in 2020.</p>\n<p>“The inflows broadly appear to be related to portfolio rebalancing and investors’ seeking active managers who can dynamically adjust to an ever shifting environment,\" said Russ Ivinjack, senior partner at investment consultant Aon.</p>\n<p>“We expect flows to active strategies to continue to be strong as most investors have a full allotment to indexing and require the additional return potential that active management offers in less efficient markets.”</p>\n<p>Flows into active funds have lagged in the past few years due to their higher fees and a lacklustre performance over passively managed funds.</p>\n<p>Active equity funds have delivered a return of 13.8% this year, lower than the passive equity funds' gain of 14%.</p>\n<p>\"The market is rife with alpha opportunity where the dispersion between the best and worst performing stock quintiles has trended well above average for over a year,\" said BofA in a note this month.</p>\n<p>Retail trading levels have increased since the beginning of the year, helped by the frenzy of buying in stocks such as GameStop Corp.</p>\n<p>However, their inclusion in indexes happens much later and hence investors in passive funds have to forego those initial gains, analysts said.</p>\n<p>GameStop Corp has risen 988% this year, against the S&P 500 index's gain of 18%.</p>\n<p>\"GameStop was a part of the S&P SmallCap 600, but it was after the stock gained some 10-fold in 2021 that it was added to the S&P MidCap 400 index,\" said Kunal Sawhney, chief executive officer at independent research firm Kalkine.</p>\n<p>\"The point is indices rely on how any particular stock is trading in the market, and any addition or replacement in the index is based on stock performance.\"</p>\n<p>(Reporting by Patturaja Murugaboopathy; Additional Reporting by Gaurav Dogra in Bengaluru; Editing by Alison Williams)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168468850","content_text":"Sept 20 (Reuters) - Global active equity funds have seen higher inflows this year, bolstered by a surge in equities and higher participation of retail investors, who aim for higher returns than the benchmark indexes.\nAccording to Refinitiv data, global active equity funds have attracted a total $36.6 billion in the first eight months of this year, after seeing outflows in the previous seven years.\nEuropean active equity funds led the inflows, obtaining $155.1 billion, while Asian funds saw $41.7 billion.\nU.S. active equity funds witnessed outflows of $191 billion, however, the outflow was 32% less than in 2020.\n“The inflows broadly appear to be related to portfolio rebalancing and investors’ seeking active managers who can dynamically adjust to an ever shifting environment,\" said Russ Ivinjack, senior partner at investment consultant Aon.\n“We expect flows to active strategies to continue to be strong as most investors have a full allotment to indexing and require the additional return potential that active management offers in less efficient markets.”\nFlows into active funds have lagged in the past few years due to their higher fees and a lacklustre performance over passively managed funds.\nActive equity funds have delivered a return of 13.8% this year, lower than the passive equity funds' gain of 14%.\n\"The market is rife with alpha opportunity where the dispersion between the best and worst performing stock quintiles has trended well above average for over a year,\" said BofA in a note this month.\nRetail trading levels have increased since the beginning of the year, helped by the frenzy of buying in stocks such as GameStop Corp.\nHowever, their inclusion in indexes happens much later and hence investors in passive funds have to forego those initial gains, analysts said.\nGameStop Corp has risen 988% this year, against the S&P 500 index's gain of 18%.\n\"GameStop was a part of the S&P SmallCap 600, but it was after the stock gained some 10-fold in 2021 that it was added to the S&P MidCap 400 index,\" said Kunal Sawhney, chief executive officer at independent research firm Kalkine.\n\"The point is indices rely on how any particular stock is trading in the market, and any addition or replacement in the 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read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/101434954","repostId":"1105099718","repostType":4,"repost":{"id":"1105099718","kind":"news","pubTimestamp":1619897946,"share":"https://ttm.financial/m/news/1105099718?lang=&edition=fundamental","pubTime":"2021-05-02 03:39","market":"us","language":"en","title":"Warren Buffett Faces Impatient Investors as Berkshire Hathaway Returns Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=1105099718","media":"WSJ","summary":"Institutional shareholders are pressing for change on climate and governance at the Omaha, Neb., conglomerate. Professional money managers are turning up the heat on Warren Buffett’sBerkshire Hathaway Inc.BRK.B-0.95%. California Public Employees’ Retirement System and Neuberger Berman have demanded that the Omaha, Neb., conglomerate bring in new directors and provide more disclosures on climate risks and executive. While many of the complaints aren’t new and none of the shareholder proposals are","content":"<p>Institutional shareholders are pressing for change on climate and governance at the Omaha, Neb., conglomerate</p><p>Professional money managers are turning up the heat on Warren Buffett’s<u>Berkshire Hathaway</u> Inc.BRK.B -0.95%</p><p>California Public Employees’ Retirement System and Neuberger Berman have demanded that the Omaha, Neb., conglomerate bring in new directors and provide more disclosures on climate risks and executive<img src=\"https://static.tigerbbs.com/1dd969e4b237144cd02112f41464d169\" tg-width=\"824\" tg-height=\"1396\" referrerpolicy=\"no-referrer\"></p><p>Leading up to Berkshire’s annual meeting on Saturday, proxy advisers Glass Lewis & Co. and Institutional Shareholder Services Inc. have recommended that investors withhold their votes for board members.</p><p>While many of the complaints aren’t new and none of the shareholder proposals are likely to pass, Berkshire’s lackluster returns in recent years have made it more vulnerable to criticism amid a growing wave of investor interest in corporate sustainability issues.</p><p>The shareholder movement to press companies on climate change, social progress and governance continues to gain steam in the U.S., emerging as<u>a key selling point for money managers in their efforts to keep client money</u>.</p><p>Under Mr. Buffett’s leadership,<u>the firm boasts 20% compounded annualized gains from 1965 to 2020</u>, outperforming the S&P 500’s 10.2% gains including dividends during the period. Berkshire’s total returns over the past three- and five-year periods were 12% and 14%, respectively, compared with the index’s 19% and 18%.</p><p>“Berkshire has gotten a pass in part because of its historically strong financial performance,” said Simiso Nzima, head of corporate governance at Calpers.</p><p></p><p>Berkshire has continued to stress its continued focus on the long game. Mr. Buffett, who is chief executive and chairman of the company, built up<u>a diverse portfolio of mostly U.S. businesses and investments meant to perform over decades</u>, not to compete with a volatile market buoyed by booming tech stocks.</p><p>Calpers, the nation’s largest public-pension fund with $444 billion in assets, co-sponsored a shareholder proposal imploring Berkshire to provide more disclosures on climate-related risks and opportunities.</p><p>The pension fund is also withholding its votes to re-elect members of the board’s audit and governance committees on grounds of failing to meet shareholder demands over climate-risk disclosures. It said it was concerned that the board lacks new members, doesn’t engage with shareholders and isn’t letting investors vote on executive pay plans.</p><p>“If you don’t refresh the board, you don’t have a next generation of directors able to learn from the long-serving directors before they leave the board,” Mr. Nzima said.</p><p>Berkshire declined to comment ahead of the company’s Saturday meeting.</p><p>Neuberger, a privately held money manager with more than $429 billion in assets, also said it would vote for several shareholder-led proposals related to environmental, social and corporate-governance issues, often abbreviated as ESG.</p><p>“One would think that if companies have a responsibility to look out for the environment or deliver good on social issues and governance, that Berkshire might be a leader in these areas,” said Michelle Giordano, a Neuberger analyst who follows the company. “But it doesn’t seem like they are.”</p><p></p><p>Berkshire said in its annual proxy statement that while it agreed companies had a responsibility to manage climate risks, it preferred to let its various operating units commit to their own environmental policies. Mandates from a small corporate office, the company wrote, would infringe upon the autonomy that has helped those businesses thrive under Berkshire’s ownership. Berkshire Hathaway Energy, for instance, already produces<u>a sustainability report</u>.</p><p>Calpers has also pledged to support a proposal requiring the company to report its efforts to diversify its staff.</p><p>Berkshire said the diversity-report proposal improperly suggests that “there is a standardized technique for each of Berkshire’s more than 60 operating businesses to address diversity, equity and inclusion.”</p><p>“It would be unreasonable to ask for uniform, quantitative reporting for the purposes of comparing such dissimilar operations in different geographic locations,” Berkshire wrote.</p><p>Glass Lewis and ISS recommended shareholders vote for the ESG proposals and withhold votes for certain directors.</p><p>“This year there’s a lot more attention given from mainstream investors on ESG issues,” said Courteney Keatinge, a senior director of ESG research at Glass Lewis.</p><p>Another factor is at play: Berkshire shares are slowly changing hands.</p><p>Mr. Buffett’s longstanding plan to shrink his stake in the company over time has shifted more Berkshire shares to big institutional investors, said Lawrence Cunningham, a law professor at George Washington University who has written extensively about the company.</p><p>About 70% of Berkshire’s shares are owned by individuals, many of whom are longtime holders loyal to Mr. Buffett, Mr. Cunningham said. And many don’t care whether Berkshire lacks a corporate sustainability report or an investor-relations team at the ready to answer their questions.</p><p>“Berkshire’s unusual and valued family of individual shareholders may add to your understanding of our reluctance to court Wall Street analysts and institutional investors,” Mr. Buffett wrote in his most recent letter to shareholders. “We already have the investors we want and don’t think that they, on balance, would be upgraded by replacements.”</p><p>The gradual uptick in institutional ownership, though, might already be empowering professional managers to press Berkshire on governance matters. When Mr. Buffett and his estate sell off his remaining shares, it is likely those money managers will hold an even bigger stake in the company, Mr. Cunningham said.</p><p>“There will be a dawning of significant leadership and structural change, and these holders are preparing for that battle,” Mr. Cunningham said.</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>Warren Buffett Faces Impatient Investors as Berkshire Hathaway Returns Decline</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\">\nWarren Buffett Faces Impatient Investors as Berkshire Hathaway Returns Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-02 03:39 GMT+8 <a href=https://www.wsj.com/articles/warren-buffett-faces-impatient-investors-as-berkshire-hathaway-returns-decline-11619794480><strong>WSJ</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Institutional shareholders are pressing for change on climate and governance at the Omaha, Neb., conglomerateProfessional money managers are turning up the heat on Warren Buffett’sBerkshire Hathaway ...</p>\n\n<a href=\"https://www.wsj.com/articles/warren-buffett-faces-impatient-investors-as-berkshire-hathaway-returns-decline-11619794480\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/daaa666333c3b9bf0b940ffed4c1c369","relate_stocks":{"BRK.B":"伯克希尔B"},"source_url":"https://www.wsj.com/articles/warren-buffett-faces-impatient-investors-as-berkshire-hathaway-returns-decline-11619794480","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105099718","content_text":"Institutional shareholders are pressing for change on climate and governance at the Omaha, Neb., conglomerateProfessional money managers are turning up the heat on Warren Buffett’sBerkshire Hathaway Inc.BRK.B -0.95%California Public Employees’ Retirement System and Neuberger Berman have demanded that the Omaha, Neb., conglomerate bring in new directors and provide more disclosures on climate risks and executiveLeading up to Berkshire’s annual meeting on Saturday, proxy advisers Glass Lewis & Co. and Institutional Shareholder Services Inc. have recommended that investors withhold their votes for board members.While many of the complaints aren’t new and none of the shareholder proposals are likely to pass, Berkshire’s lackluster returns in recent years have made it more vulnerable to criticism amid a growing wave of investor interest in corporate sustainability issues.The shareholder movement to press companies on climate change, social progress and governance continues to gain steam in the U.S., emerging asa key selling point for money managers in their efforts to keep client money.Under Mr. Buffett’s leadership,the firm boasts 20% compounded annualized gains from 1965 to 2020, outperforming the S&P 500’s 10.2% gains including dividends during the period. Berkshire’s total returns over the past three- and five-year periods were 12% and 14%, respectively, compared with the index’s 19% and 18%.“Berkshire has gotten a pass in part because of its historically strong financial performance,” said Simiso Nzima, head of corporate governance at Calpers.Berkshire has continued to stress its continued focus on the long game. Mr. Buffett, who is chief executive and chairman of the company, built upa diverse portfolio of mostly U.S. businesses and investments meant to perform over decades, not to compete with a volatile market buoyed by booming tech stocks.Calpers, the nation’s largest public-pension fund with $444 billion in assets, co-sponsored a shareholder proposal imploring Berkshire to provide more disclosures on climate-related risks and opportunities.The pension fund is also withholding its votes to re-elect members of the board’s audit and governance committees on grounds of failing to meet shareholder demands over climate-risk disclosures. It said it was concerned that the board lacks new members, doesn’t engage with shareholders and isn’t letting investors vote on executive pay plans.“If you don’t refresh the board, you don’t have a next generation of directors able to learn from the long-serving directors before they leave the board,” Mr. Nzima said.Berkshire declined to comment ahead of the company’s Saturday meeting.Neuberger, a privately held money manager with more than $429 billion in assets, also said it would vote for several shareholder-led proposals related to environmental, social and corporate-governance issues, often abbreviated as ESG.“One would think that if companies have a responsibility to look out for the environment or deliver good on social issues and governance, that Berkshire might be a leader in these areas,” said Michelle Giordano, a Neuberger analyst who follows the company. “But it doesn’t seem like they are.”Berkshire said in its annual proxy statement that while it agreed companies had a responsibility to manage climate risks, it preferred to let its various operating units commit to their own environmental policies. Mandates from a small corporate office, the company wrote, would infringe upon the autonomy that has helped those businesses thrive under Berkshire’s ownership. Berkshire Hathaway Energy, for instance, already producesa sustainability report.Calpers has also pledged to support a proposal requiring the company to report its efforts to diversify its staff.Berkshire said the diversity-report proposal improperly suggests that “there is a standardized technique for each of Berkshire’s more than 60 operating businesses to address diversity, equity and inclusion.”“It would be unreasonable to ask for uniform, quantitative reporting for the purposes of comparing such dissimilar operations in different geographic locations,” Berkshire wrote.Glass Lewis and ISS recommended shareholders vote for the ESG proposals and withhold votes for certain directors.“This year there’s a lot more attention given from mainstream investors on ESG issues,” said Courteney Keatinge, a senior director of ESG research at Glass Lewis.Another factor is at play: Berkshire shares are slowly changing hands.Mr. Buffett’s longstanding plan to shrink his stake in the company over time has shifted more Berkshire shares to big institutional investors, said Lawrence Cunningham, a law professor at George Washington University who has written extensively about the company.About 70% of Berkshire’s shares are owned by individuals, many of whom are longtime holders loyal to Mr. Buffett, Mr. Cunningham said. And many don’t care whether Berkshire lacks a corporate sustainability report or an investor-relations team at the ready to answer their questions.“Berkshire’s unusual and valued family of individual shareholders may add to your understanding of our reluctance to court Wall Street analysts and institutional investors,” Mr. Buffett wrote in his most recent letter to shareholders. “We already have the investors we want and don’t think that they, on balance, would be upgraded by replacements.”The gradual uptick in institutional ownership, though, might already be empowering professional managers to press Berkshire on governance matters. When Mr. Buffett and his estate sell off his remaining shares, it is likely those money managers will hold an even bigger stake in the company, Mr. Cunningham said.“There will be a dawning of significant leadership and structural change, and these holders are preparing for that battle,” Mr. Cunningham said.","news_type":1,"symbols_score_info":{"BRK.B":0.9}},"isVote":1,"tweetType":1,"viewCount":534,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836775872,"gmtCreate":1629531939096,"gmtModify":1676530067076,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580190462625568","idStr":"3580190462625568"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Niceee","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Niceee","text":"$Apple(AAPL)$Niceee","images":[{"img":"https://static.tigerbbs.com/e420f977e7e84ac35686171b882eccd4","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/836775872","isVote":1,"tweetType":1,"viewCount":408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":893166365,"gmtCreate":1628247697257,"gmtModify":1703503902684,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580190462625568","idStr":"3580190462625568"},"themes":[],"htmlText":"interesting","listText":"interesting","text":"interesting","images":[{"img":"https://static.tigerbbs.com/b99d102056f6e3ca84caeb4c8b0e2e2f","width":"750","height":"2271"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/893166365","isVote":1,"tweetType":1,"viewCount":519,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":108246403,"gmtCreate":1620034540702,"gmtModify":1704337655133,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580190462625568","idStr":"3580190462625568"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PATH\">$UiPath(PATH)$</a>wah caoo","listText":"<a href=\"https://laohu8.com/S/PATH\">$UiPath(PATH)$</a>wah caoo","text":"$UiPath(PATH)$wah caoo","images":[{"img":"https://static.tigerbbs.com/846eda895681b6b5a7d6284057fe4544","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/108246403","isVote":1,"tweetType":1,"viewCount":923,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":891055530,"gmtCreate":1628310082120,"gmtModify":1703504937583,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580190462625568","idStr":"3580190462625568"},"themes":[],"htmlText":"hmmm good time to enter?","listText":"hmmm good time to enter?","text":"hmmm good time to enter?","images":[{"img":"https://static.tigerbbs.com/68e50e629350a43689a7783f46f0aef3","width":"750","height":"2179"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/891055530","isVote":1,"tweetType":1,"viewCount":312,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":139924583,"gmtCreate":1621586134242,"gmtModify":1704360098204,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580190462625568","idStr":"3580190462625568"},"themes":[],"htmlText":"please help reply to this","listText":"please help reply to this","text":"please help reply to this","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/139924583","repostId":"1103156211","repostType":4,"isVote":1,"tweetType":1,"viewCount":305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197900662,"gmtCreate":1621415382056,"gmtModify":1704357253967,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580190462625568","idStr":"3580190462625568"},"themes":[],"htmlText":"please like and comment and subscribe","listText":"please like and comment and subscribe","text":"please like and comment and subscribe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/197900662","repostId":"1158638540","repostType":4,"repost":{"id":"1158638540","kind":"news","pubTimestamp":1621409180,"share":"https://ttm.financial/m/news/1158638540?lang=&edition=fundamental","pubTime":"2021-05-19 15:26","market":"us","language":"en","title":"4 Things to Know Ahead of the Squarespace’s Direct Listing","url":"https://stock-news.laohu8.com/highlight/detail?id=1158638540","media":"Barrons","summary":"The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue growth.Now Squarespace will test the resilience of that e-commerce momentum as a public company. Its shares are scheduled to begin trading Wednesday in a direct listing on the New York Stock Exchange under the ticker SQSP.The company offers various tools for website creation, including domains, e-comme","content":"<p>The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue growth.</p>\n<p>Now Squarespace will test the resilience of that e-commerce momentum as a public company. Its shares are scheduled to begin trading Wednesday in a direct listing on the New York Stock Exchange under the ticker SQSP.</p>\n<p>The company offers various tools for website creation, including domains, e-commerce functions and marketing capabilities. Squarespace aims to work with small businesses that have limited web expertise as well as “large brands” that need greater flexibility to customize based on their needs.</p>\n<p>Squarespace sees itself playing into a number of trends, including a growing need for businesses to maintain direct relationships with their customers and an increased emphasis on do-it-yourself solutions that are “rapidly displacing expensive agencies and making equivalent design quality out-of-the-box, accessible and easy-to-use for all,” the company said in its filing with the Securities and Exchange Commission.</p>\n<p>The company raised $300 million in a March funding round that gave the company an enterprise valuation of $10 billion, and is not raising any new funding as it lists. Here is what else you need to know about the company.</p>\n<p><b>Growing Revenue, Shrinking Profits</b></p>\n<p>Squarespace posted $621 million in revenue during 2020, up from $485 million a year earlier. Revenue was up 28% in the latest fiscal year, ahead of the 24% growth rate seen in the prior period.</p>\n<p>The company classifies 94% of its revenue as subscription-based. Squarespace added about 700,000 new unique subscriptions in 2020 and the company disclosed that more than two thirds of total subscriptions are annual.</p>\n<p>About 70% of Squarespace’s revenue last year came from the U.S., while the rest was international.</p>\n<p>Squarespace was profitable last year, recording about $30.6 million in net income, though profits were down from $58.2 million in 2019. The company’s “fundamentals highlight a rare combo of profitability and growth at scale,” wrote MKM Partners analyst Rohit Kulkarni.</p>\n<p>Despite a string of profitability on an annual basis, Squarespace generated a net loss of $10.1 million in the first quarter of 2021 compared with a loss of $1.1 million a year earlier. The company posted profits in each of the last three quarters of 2020.</p>\n<p><b>Competition Aplenty</b></p>\n<p>The company competes with a variety of different players across the e-commerce industry, according to its filing. Squarespace counts web-creation platforms like Wix.com (ticker: WIX) and Square’s (SQ) Weebly among its competition, along with e-commerce powerhouse Shopify (ticker: SHOP), which lets businesses set up online shops.</p>\n<p>Squarespace also calls out competitors like GoDaddy (GDDY) that offer domain-name tools, as well as those providing email-marketing and scheduling functions, while arguing that its own “comprehensive, all-in-one platform, multichannel commerce capabilities” are an asset.</p>\n<p>Jefferies analyst Brent Thill notes that Wix is larger than Squarespace, with revenue of $989 million last year versus $621 million for Squarespace. In addition, Squarespace’s revenue last year was similar to what Wix posted in 2018, but Wix was posting faster growth at that scale, and without the benefit of the pandemic-driven acceleration in e-commerce more broadly, he wrote.</p>\n<p><b>On the Menu</b></p>\n<p>SquareSpace recently closed its $415 million acquisition of Tock, a company focused on the restaurant and hospitality industries. Tock’s services allow businesses to manage reservations, takeout, event ticketing and more.</p>\n<p>This part of the business may position SquareSpace against more tech giants, suggested MKM’s Kulkarni.</p>\n<p>“SquareSpace’s offering with Tock faces competition from delivery services such as Uber Eats (UBER),DoorDash (DASH) and Grubhub (GRUB), along with other restaurant [customer-relationship management] services such as TouchBistro and Toast,” he wrote.</p>\n<p>At the same time, the acquisition is an example of one way Squarespace has “smartly diversified into selling not just physical goods online but also adding calendar/scheduling capabilities (restaurant or gym reservations), content sales, and subscriptions,” he continued.</p>\n<p><b>Marketing Bucks</b></p>\n<p>Squarespace’s marketing and sales costs are growing far faster than its revenue. The company incurred $3.1 million in such expenses last year, up from $1.7 million in 2019, making for a 45% increase, whereas revenue was up 28% in the same span.</p>\n<p>The company’s podcast advertisements may be familiar to frequent listeners, though Squarespace notes in its prospectus that it advertises its services broadly, using “online keyword search, sponsorships and celebrity endorsements, television, podcasts, print and online advertising, email and social media marketing.”</p>\n<p>Among its risk factors, Squarespace points to the possibility that Alphabet’s (GOOGL) Google could change its algorithm or raise the costs of its search-engine-marketing tools.</p>","source":"lsy1601382232898","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>4 Things to Know Ahead of the Squarespace’s Direct Listing</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\">\n4 Things to Know Ahead of the Squarespace’s Direct Listing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-19 15:26 GMT+8 <a href=https://www.barrons.com/articles/squarespace-direct-listing-51621376597?mod=hp_LEAD_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue ...</p>\n\n<a href=\"https://www.barrons.com/articles/squarespace-direct-listing-51621376597?mod=hp_LEAD_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQSP":"Squarespace Inc."},"source_url":"https://www.barrons.com/articles/squarespace-direct-listing-51621376597?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158638540","content_text":"The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue growth.\nNow Squarespace will test the resilience of that e-commerce momentum as a public company. Its shares are scheduled to begin trading Wednesday in a direct listing on the New York Stock Exchange under the ticker SQSP.\nThe company offers various tools for website creation, including domains, e-commerce functions and marketing capabilities. Squarespace aims to work with small businesses that have limited web expertise as well as “large brands” that need greater flexibility to customize based on their needs.\nSquarespace sees itself playing into a number of trends, including a growing need for businesses to maintain direct relationships with their customers and an increased emphasis on do-it-yourself solutions that are “rapidly displacing expensive agencies and making equivalent design quality out-of-the-box, accessible and easy-to-use for all,” the company said in its filing with the Securities and Exchange Commission.\nThe company raised $300 million in a March funding round that gave the company an enterprise valuation of $10 billion, and is not raising any new funding as it lists. Here is what else you need to know about the company.\nGrowing Revenue, Shrinking Profits\nSquarespace posted $621 million in revenue during 2020, up from $485 million a year earlier. Revenue was up 28% in the latest fiscal year, ahead of the 24% growth rate seen in the prior period.\nThe company classifies 94% of its revenue as subscription-based. Squarespace added about 700,000 new unique subscriptions in 2020 and the company disclosed that more than two thirds of total subscriptions are annual.\nAbout 70% of Squarespace’s revenue last year came from the U.S., while the rest was international.\nSquarespace was profitable last year, recording about $30.6 million in net income, though profits were down from $58.2 million in 2019. The company’s “fundamentals highlight a rare combo of profitability and growth at scale,” wrote MKM Partners analyst Rohit Kulkarni.\nDespite a string of profitability on an annual basis, Squarespace generated a net loss of $10.1 million in the first quarter of 2021 compared with a loss of $1.1 million a year earlier. The company posted profits in each of the last three quarters of 2020.\nCompetition Aplenty\nThe company competes with a variety of different players across the e-commerce industry, according to its filing. Squarespace counts web-creation platforms like Wix.com (ticker: WIX) and Square’s (SQ) Weebly among its competition, along with e-commerce powerhouse Shopify (ticker: SHOP), which lets businesses set up online shops.\nSquarespace also calls out competitors like GoDaddy (GDDY) that offer domain-name tools, as well as those providing email-marketing and scheduling functions, while arguing that its own “comprehensive, all-in-one platform, multichannel commerce capabilities” are an asset.\nJefferies analyst Brent Thill notes that Wix is larger than Squarespace, with revenue of $989 million last year versus $621 million for Squarespace. In addition, Squarespace’s revenue last year was similar to what Wix posted in 2018, but Wix was posting faster growth at that scale, and without the benefit of the pandemic-driven acceleration in e-commerce more broadly, he wrote.\nOn the Menu\nSquareSpace recently closed its $415 million acquisition of Tock, a company focused on the restaurant and hospitality industries. Tock’s services allow businesses to manage reservations, takeout, event ticketing and more.\nThis part of the business may position SquareSpace against more tech giants, suggested MKM’s Kulkarni.\n“SquareSpace’s offering with Tock faces competition from delivery services such as Uber Eats (UBER),DoorDash (DASH) and Grubhub (GRUB), along with other restaurant [customer-relationship management] services such as TouchBistro and Toast,” he wrote.\nAt the same time, the acquisition is an example of one way Squarespace has “smartly diversified into selling not just physical goods online but also adding calendar/scheduling capabilities (restaurant or gym reservations), content sales, and subscriptions,” he continued.\nMarketing Bucks\nSquarespace’s marketing and sales costs are growing far faster than its revenue. The company incurred $3.1 million in such expenses last year, up from $1.7 million in 2019, making for a 45% increase, whereas revenue was up 28% in the same span.\nThe company’s podcast advertisements may be familiar to frequent listeners, though Squarespace notes in its prospectus that it advertises its services broadly, using “online keyword search, sponsorships and celebrity endorsements, television, podcasts, print and online advertising, email and social media marketing.”\nAmong its risk factors, Squarespace points to the possibility that Alphabet’s (GOOGL) Google could change its algorithm or raise the costs of its search-engine-marketing tools.","news_type":1,"symbols_score_info":{"SQSP":0.9}},"isVote":1,"tweetType":1,"viewCount":421,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197077481,"gmtCreate":1621415274043,"gmtModify":1704357252978,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580190462625568","idStr":"3580190462625568"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>ooook","listText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>ooook","text":"$Walt Disney(DIS)$ooook","images":[{"img":"https://static.tigerbbs.com/72514d7bbc3d8263b8f19362b70cbe1c","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/197077481","isVote":1,"tweetType":1,"viewCount":511,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":816572355,"gmtCreate":1630509981077,"gmtModify":1676530326484,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580190462625568","idStr":"3580190462625568"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>wow","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>wow","text":"$Apple(AAPL)$wow","images":[{"img":"https://static.tigerbbs.com/62ad0d5a9a940213535e799273d68fa1","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/816572355","isVote":1,"tweetType":1,"viewCount":477,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":177296980,"gmtCreate":1627219532440,"gmtModify":1703485692254,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580190462625568","idStr":"3580190462625568"},"themes":[],"htmlText":"okk","listText":"okk","text":"okk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/177296980","repostId":"2153936352","repostType":4,"isVote":1,"tweetType":1,"viewCount":294,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137732258,"gmtCreate":1622389280174,"gmtModify":1704183742946,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580190462625568","idStr":"3580190462625568"},"themes":[],"htmlText":"wow this is interesting ","listText":"wow this is interesting ","text":"wow this is interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/137732258","repostId":"2138395488","repostType":4,"isVote":1,"tweetType":1,"viewCount":422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":133624843,"gmtCreate":1621744704082,"gmtModify":1704362008570,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580190462625568","idStr":"3580190462625568"},"themes":[],"htmlText":"interesting read","listText":"interesting read","text":"interesting read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/133624843","repostId":"2137990425","repostType":4,"isVote":1,"tweetType":1,"viewCount":309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195445385,"gmtCreate":1621311506447,"gmtModify":1704355595839,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580190462625568","idStr":"3580190462625568"},"themes":[],"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/195445385","repostId":"1124011196","repostType":4,"repost":{"id":"1124011196","kind":"news","pubTimestamp":1621309918,"share":"https://ttm.financial/m/news/1124011196?lang=&edition=fundamental","pubTime":"2021-05-18 11:51","market":"us","language":"en","title":"Musk's mixed messages on bitcoin stoke anxieties about cryptos in Corporate America","url":"https://stock-news.laohu8.com/highlight/detail?id=1124011196","media":"cnn","summary":"New York (CNN Business)Bitcoin, it seemed, was finally ready for prime time. Prices were surging, bi","content":"<p>New York (CNN Business)Bitcoin, it seemed, was finally ready for prime time. Prices were surging, big payments firms were accepting it, and billionaires such as Paul Tudor Jones and Stanley Druckenmiler were endorsing it as an investment.</p>\n<p>But now that Tesla CEO Elon Musk is signaling that he's suddenly wary of the cryptocurrency, what will that mean for the rest of Corporate America?</p>\n<p>The surprisingly negative comments from Musk about the massive amount of energy required to mine bitcoin (XBT) come after Tesla (TSLA) bought $1.5 billion of the cryptocurrency for its corporate balance sheet — and also after Musk has been busy hyping the value of the meme-driven crypto dogecoin.</p>\n<p>The price of bitcoin, dogecoin and other top cryptos ethereum, binance and litecoin, have been in freefall for the past week or so. Musk first tanked the market when he went on \"Saturday Night Live\" on May 8 and joked about cryptos, even calling dogecoin a \"hustle.\"</p>\n<p>But Musk's recent declaration that Tesla would no longer accept bitcoin as payment for its cars due to the crypto's massive carbon footprint, as well as a series of confusing and somewhat contradictory tweets about the company's bitcoin holdings, has the investment world up in arms.</p>\n<p>Bitcoin still has many fans</p>\n<p>The comments come just as several prominent companies have started to embrace bitcoin. Square (SQ) and Venmo owner PayPal (PYPL) are working to streamline bitcoin payments on their networks. Big Data firm Palantir, Visa (V) and Starbucks (SBUX) are among the more well-known firms that have touted bitcoin lately as well.</p>\n<p>Palantir chief financial officer David Glazer said on an earnings call earlier this month that the company has discussed the possibility of adding bitcoin to its balance sheet and was \"open for business'\" with regards to accepting the crypto as payment from customers.</p>\n<p>\"We still see other companies coming in and investing in bitcoin because they view it as a store of value, a digital gold,\" said Stephen Kelso, head of markets at ITI Capital, in an interview with CNN Business.</p>\n<p>Kelso said bitcoin is still viewed by investors and corporations as a way to hedge against inflation.</p>\n<p>Along those lines, software firm MicroStrategy (MSTR), which like Tesla holds bitcoin on its balance sheet, has bought even more of the cryptocurrency in recent days. But MicroStrategy's stock fell 7% on Monday and has plunged nearly 20% in the past week as bitcoin prices have tumbled.</p>\n<p>Still too volatile for many in Corporate America?</p>\n<p>Bitcoin's breakneck volatility continues to be a major concern. It may be one thing for a company to keep a small amount of crypto on its balance sheet as a sexier alternative to cash and Treasury bonds in hopes of better returns.</p>\n<p>But can mainstream firms — particularly those with big consumer businesses — really risk allowing customers to buy and sell goods with a currency that is so volatile? Probably not.</p>\n<p>\"For cryptocurrencies to become widespread and embedded, some stability is necessary,\" said Danyaal Rashid, thematic analyst at GlobalData, in a report Monday.</p>\n<p>\"This is certainly the case if people expect to make payments with crypto. If we anticipate week-on-week price swings of up to 20%, payments become infeasible,\" Rashid added.</p>\n<p>So it's no wonder that Colgate-Palmoliv (CL)CEO Noel Wallace simply said, \"No, we don't,\" when asked at the recent annual shareholder meeting if the company has a plan for using bitcoin for any business transactions.</p>\n<p>And Tesla rival Volkswagen (VLKAF)isn't bullish on bitcoin either. VW chief financial officer Arno Antlitz said on the automaker's latest earnings call that \"we have currently no plans to use cryptocurrencies or invest in cryptocurrencies.\"</p>\n<p>Even so, there is legitimate interest in cryptos on the part of investors. And a lot of that — for better or for worse — may be due to Musk.</p>\n<p>\"It's a strange phenomenon when your risk committee has to seriously discuss SNL. But I think it helps bring more investors into the fray,\" said Michael Kamerman, CEO of Skilling, a retail brokerage firm that focuses on cryptocurrencies.</p>\n<p>Kamerman said he thinks that there will be an eventual shakeout in the cryptocurrency market. There are simply too many of them right now.</p>\n<p>Just as Amazon (AMZN) shares plunged when the dot.com bubble burst more than twenty years ago before eventually rebounding, the same may happen with bitcoin and other leading cryptos.</p>\n<p>\"The dust has to settle, but we're on to something with cryptos that is similar to the late 1990s and e-commerce,\" Kamerman said.</p>\n<p>Other experts say that investors have to get used to the volatility. The crypto world moves a lot more quickly than stocks, bonds and traditional currencies.</p>\n<p>But this too shall pass as the industry starts to mature.</p>\n<p>\"A lot of bitcoin investors still take their cues from Musk. It will be awhile before we're completely insulated from that,\" said Ben Weiss, CEO of CoinFlip, a crypto ATM company. \"But bitcoin is stronger than one company and one person.\"</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>Musk's mixed messages on bitcoin stoke anxieties about cryptos in Corporate America</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\">\nMusk's mixed messages on bitcoin stoke anxieties about cryptos in Corporate America\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 11:51 GMT+8 <a href=https://edition.cnn.com/2021/05/17/investing/tesla-bitcoin-musk-cryptocurrencies/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)Bitcoin, it seemed, was finally ready for prime time. Prices were surging, big payments firms were accepting it, and billionaires such as Paul Tudor Jones and Stanley ...</p>\n\n<a href=\"https://edition.cnn.com/2021/05/17/investing/tesla-bitcoin-musk-cryptocurrencies/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://edition.cnn.com/2021/05/17/investing/tesla-bitcoin-musk-cryptocurrencies/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124011196","content_text":"New York (CNN Business)Bitcoin, it seemed, was finally ready for prime time. Prices were surging, big payments firms were accepting it, and billionaires such as Paul Tudor Jones and Stanley Druckenmiler were endorsing it as an investment.\nBut now that Tesla CEO Elon Musk is signaling that he's suddenly wary of the cryptocurrency, what will that mean for the rest of Corporate America?\nThe surprisingly negative comments from Musk about the massive amount of energy required to mine bitcoin (XBT) come after Tesla (TSLA) bought $1.5 billion of the cryptocurrency for its corporate balance sheet — and also after Musk has been busy hyping the value of the meme-driven crypto dogecoin.\nThe price of bitcoin, dogecoin and other top cryptos ethereum, binance and litecoin, have been in freefall for the past week or so. Musk first tanked the market when he went on \"Saturday Night Live\" on May 8 and joked about cryptos, even calling dogecoin a \"hustle.\"\nBut Musk's recent declaration that Tesla would no longer accept bitcoin as payment for its cars due to the crypto's massive carbon footprint, as well as a series of confusing and somewhat contradictory tweets about the company's bitcoin holdings, has the investment world up in arms.\nBitcoin still has many fans\nThe comments come just as several prominent companies have started to embrace bitcoin. Square (SQ) and Venmo owner PayPal (PYPL) are working to streamline bitcoin payments on their networks. Big Data firm Palantir, Visa (V) and Starbucks (SBUX) are among the more well-known firms that have touted bitcoin lately as well.\nPalantir chief financial officer David Glazer said on an earnings call earlier this month that the company has discussed the possibility of adding bitcoin to its balance sheet and was \"open for business'\" with regards to accepting the crypto as payment from customers.\n\"We still see other companies coming in and investing in bitcoin because they view it as a store of value, a digital gold,\" said Stephen Kelso, head of markets at ITI Capital, in an interview with CNN Business.\nKelso said bitcoin is still viewed by investors and corporations as a way to hedge against inflation.\nAlong those lines, software firm MicroStrategy (MSTR), which like Tesla holds bitcoin on its balance sheet, has bought even more of the cryptocurrency in recent days. But MicroStrategy's stock fell 7% on Monday and has plunged nearly 20% in the past week as bitcoin prices have tumbled.\nStill too volatile for many in Corporate America?\nBitcoin's breakneck volatility continues to be a major concern. It may be one thing for a company to keep a small amount of crypto on its balance sheet as a sexier alternative to cash and Treasury bonds in hopes of better returns.\nBut can mainstream firms — particularly those with big consumer businesses — really risk allowing customers to buy and sell goods with a currency that is so volatile? Probably not.\n\"For cryptocurrencies to become widespread and embedded, some stability is necessary,\" said Danyaal Rashid, thematic analyst at GlobalData, in a report Monday.\n\"This is certainly the case if people expect to make payments with crypto. If we anticipate week-on-week price swings of up to 20%, payments become infeasible,\" Rashid added.\nSo it's no wonder that Colgate-Palmoliv (CL)CEO Noel Wallace simply said, \"No, we don't,\" when asked at the recent annual shareholder meeting if the company has a plan for using bitcoin for any business transactions.\nAnd Tesla rival Volkswagen (VLKAF)isn't bullish on bitcoin either. VW chief financial officer Arno Antlitz said on the automaker's latest earnings call that \"we have currently no plans to use cryptocurrencies or invest in cryptocurrencies.\"\nEven so, there is legitimate interest in cryptos on the part of investors. And a lot of that — for better or for worse — may be due to Musk.\n\"It's a strange phenomenon when your risk committee has to seriously discuss SNL. But I think it helps bring more investors into the fray,\" said Michael Kamerman, CEO of Skilling, a retail brokerage firm that focuses on cryptocurrencies.\nKamerman said he thinks that there will be an eventual shakeout in the cryptocurrency market. There are simply too many of them right now.\nJust as Amazon (AMZN) shares plunged when the dot.com bubble burst more than twenty years ago before eventually rebounding, the same may happen with bitcoin and other leading cryptos.\n\"The dust has to settle, but we're on to something with cryptos that is similar to the late 1990s and e-commerce,\" Kamerman said.\nOther experts say that investors have to get used to the volatility. The crypto world moves a lot more quickly than stocks, bonds and traditional currencies.\nBut this too shall pass as the industry starts to mature.\n\"A lot of bitcoin investors still take their cues from Musk. It will be awhile before we're completely insulated from that,\" said Ben Weiss, CEO of CoinFlip, a crypto ATM company. \"But bitcoin is stronger than one company and one person.\"","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834974680,"gmtCreate":1629769491840,"gmtModify":1676530125159,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580190462625568","idStr":"3580190462625568"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>niceee","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>niceee","text":"$Apple(AAPL)$niceee","images":[{"img":"https://static.tigerbbs.com/db3badfe0987711be8d1ac5113d6ea4e","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/834974680","isVote":1,"tweetType":1,"viewCount":609,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":831953234,"gmtCreate":1629282086428,"gmtModify":1676529990001,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580190462625568","idStr":"3580190462625568"},"themes":[],"htmlText":"too late to buy in?","listText":"too late to buy in?","text":"too late to buy in?","images":[{"img":"https://static.tigerbbs.com/36da300c3719a144e30dc3afc1505e2c","width":"750","height":"2271"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/831953234","isVote":1,"tweetType":1,"viewCount":362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":110272763,"gmtCreate":1622465516252,"gmtModify":1704184783361,"author":{"id":"3580190462625568","authorId":"3580190462625568","name":"DarrylWong","avatar":"https://static.tigerbbs.com/8e4b82d595be883bcd8e099845c3f407","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580190462625568","idStr":"3580190462625568"},"themes":[],"htmlText":"interesting","listText":"interesting","text":"interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/110272763","repostId":"1117895410","repostType":4,"isVote":1,"tweetType":1,"viewCount":520,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}