sh99 personal page - To The Moon

sh99

sh99

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2022-04-22

to be very honest, what i like to share today is so something phenomenon and extraordinary, it's like defining the tm um in dk im in tm im gm. i'm sure you don't know what i'm saying but it doesn't matter bozo im tm to ok rtu in tm dh jn feb ik uk ib yh tm uk im tm yo ok yh tm in fb uk in us sg yh in tbh uk in tm yh yh in uni u u tf. if you can decipher that it think an tm im in dm im rn im rn tmin tv tv in in db sg st to usisjdbsieiebejje ehdhejeheheheh gou dh siri i hi hi jc ib h ib g jn fnf fjfjfjfj

2022-10-27

$TENCENT(00700)$maxbkabxkabzkbzkbxkabxkabxkbakxbakxbakzbkabzka dhqkhdiwhskhsiqnskqbxvzohvxoxjavxjavda

2022-06-19

$Tencent Music(TME)$dm tm tm tm tm tm rn dm rn tm tm tm

04-11

$DJIA(.DJI)$ it will crash, just wait

04-10

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Find out more here: Guess the winner，Earn Tiger Coins Come and participate in the“ Guess the winner，Earn Tiger Coins” event, find the trade master and invite friends to get up to 250 tiger coins.full hill miller

Guess the winner，Earn Tiger Coins

2022-07-30

$Tencent Music(TME)$gx yx if if bc bc

2021-06-21

comments pls

China deposit rate reform to have limited impact - industry body

2022-07-04

$Tencent Music(TME)$gx if gg

2021-05-10

$Tencent Music(TME)$this stock will fly to $20, mark my words

2021-06-10

comment pls

With Fed's Reverse Repo Hitting Half A Trillion, Wall Street Scrambles To Figure Out What Comes Next

2021-05-26

comment pls

Sorry, the original content has been removed

2022-05-14

$Tencent Music(TME)$zz zz

2022-04-13

$Tencent Music(TME)$eh yum yum

2021-05-06

comment pls

This Day In Market History: Panic Of 1893 Crashes Stock Market

2022-11-07

$Tencent Music(TME)$gm im uk uk uk uk uk hmm hmm yum yh if gf yh hmm

2022-05-08

lol

Tesla: Overvalued By 85.26% And Not A Technology Company

2021-05-27

like n comment pls

Uber agrees world-first union deal for UK drivers

2023-03-08

$Tencent Music(TME)$ gs gx gx

2022-04-04

$Tencent Music(TME)$bdhd

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href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$</a> lolololol hill","text":"$Tencent Music(TME)$ lolololol hill","images":[{"img":"https://community-static.tradeup.com/news/354bea7b7d33f1f8019758c923905091","width":"1044","height":"1683"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/298083854893264","isVote":1,"tweetType":1,"viewCount":3,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":293843998326832,"gmtCreate":1712770714861,"gmtModify":1712770717539,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/.DJI\">$DJIA(.DJI)$&nbsp;</a> it will crash, just wait","listText":"<a href=\"https://ttm.financial/S/.DJI\">$DJIA(.DJI)$&nbsp;</a> it will crash, just wait","text":"$DJIA(.DJI)$ it will crash, just wait","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293843998326832","isVote":1,"tweetType":1,"viewCount":126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":293824430665920,"gmtCreate":1712741367003,"gmtModify":1712815040240,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"title":"Guess the winner，Earn Tiger Coins","htmlText":"Find out more here: <a href=\"https://www.atigrzen.com/activity/market/2024/trading-guess?inviteId=GZGQCOGD&amp;utm_medium=tiger_community&amp;platform=iOS&amp;shareID=1b853ccbf2d5c439a66500ce25de1a97&amp;invite=FTOFOU&amp;lang=en_US\">Guess the winner，Earn Tiger Coins</a> Come and participate in the“ Guess the winner，Earn Tiger Coins” event, find the trade master and invite friends to get up to 250 tiger coins.full hill miller&nbsp;","listText":"Find out more here: <a href=\"https://www.atigrzen.com/activity/market/2024/trading-guess?inviteId=GZGQCOGD&amp;utm_medium=tiger_community&amp;platform=iOS&amp;shareID=1b853ccbf2d5c439a66500ce25de1a97&amp;invite=FTOFOU&amp;lang=en_US\">Guess the winner，Earn Tiger Coins</a> Come and participate in the“ Guess the winner，Earn Tiger Coins” event, find the trade master and invite friends to get up to 250 tiger coins.full hill miller&nbsp;","text":"Find out more here: Guess the winner，Earn Tiger Coins Come and participate in the“ Guess the winner，Earn Tiger Coins” event, find the trade master and invite friends to get up to 250 tiger coins.full hill miller","images":[{"img":"https://static.tigerbbs.com/f5b7f90833b0728cadecb5cb81220f1d"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293824430665920","isVote":1,"tweetType":1,"viewCount":18,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":291367577379072,"gmtCreate":1712160672507,"gmtModify":1712160675841,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"hahahhaahaha","listText":"hahahhaahaha","text":"hahahhaahaha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/291367577379072","repostId":"2424441218","repostType":2,"repost":{"id":"2424441218","weMediaInfo":{"introduction":"Dow Jones publishes the 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That's Cathie Wood, founder and chief of ARK Invest, explaining why she still has a price target of $2,000 a share for Tesla Inc. despite the company's recent troubles.Wood discussed her bullish case for Tesla during an interview with CNBC on Wednesday, saying, \"Now is not the time to run for the hills,\" even as Tesla shares have fallen more than 30% since the start of 2024.The company is poised for a turnaround, as in a few years, electric cars and trucks will comprise 80% of all vehicle sales, Wood said. Wood has been a faithful Tesla bull for years, and once had a price target of $5,000 a share for the stock.The Nigerian naira  was abruptly devalued by more than 50% in February to a record low against the U.S. dollar, the second major devaluati","content":"<html><head></head><body><p>&#34;We think that the robotaxi opportunity globally will deliver $8 [trillion] to $10 trillion in revenue by 2030 and is one of the most important investment opportunities of our lifetimes.&#34; Cathie Wood on her unflagging support for Tesla stock.</p><p>That&#39;s Cathie Wood, founder and chief of ARK Invest, explaining why she still has a price target of $2,000 a share for Tesla Inc. despite the company&#39;s recent troubles.</p><p>Wood discussed her bullish case for Tesla during an interview with CNBC on Wednesday, saying, &#34;Now is not the time to run for the hills,&#34; even as Tesla shares have fallen more than 30% since the start of 2024.</p><p>The company is poised for a turnaround, as in a few years, electric cars and trucks will comprise 80% of all vehicle sales, Wood said. Wood has been a faithful Tesla bull for years, and once had a price target of $5,000 a share for the stock.</p><p>She pegged her bull case to Tesla&#39;s plans to roll out a robotaxi, which could drive up to $10 trillion in revenue by 2030, she said, adding that the robotaxi could &#34;save lives.&#34;</p><p>Her firm, ARK Invest, bought millions of dollars worth of Tesla shares over the past week ahead of a dismal first-quarter sales report that pushed the value of those shares even lower.</p><p>Tesla shares are down 33% so far this year at $166.34 a share in early Wednesday trade, according to FactSet data. Wood&#39;s <a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a> ARKK is down 9.4% year-to-date at $47.47 a share, while her ARK Autonomous Technology &amp; Robotics ETF ARKQ is down 7.8% at $53.22. The <a href=\"https://laohu8.com/S/ARKW\">ARK Next Generation Internet ETF</a> ARKW is up 5.5% at $80.05 a share. All three funds have Tesla as a top holding.</p><p>On Tuesday, Tesla shares fell nearly 5% after the company revealed that it delivered fewer new vehicles than Wall Street analysts had expected during the first quarter. What&#39;s more, the number of vehicles delivered actually shrank compared with the same period a year earlier.</p><p>Wood also touched on the topic of bitcoin&#39;s recent record-setting rally. She cited a rash of currency devaluations around the world as underappreciated contributors to the cryptocurrency&#39;s advance.</p><p>&#34;There is something else going on around the world. There are currency devaluations around the world that people aren&#39;t talking about,&#34; Wood said.</p><p>On March 14, bitcoin hit a record high north of $73,000 a coin, according to FactSet data. Many analysts attributed the cryptocurrency&#39;s latest bull run to the launch of a flurry of spot-bitcoin ETFs, including the <a href=\"https://laohu8.com/S/ARKB\">ARK 21Shares Bitcoin ETF</a>, which had more than $2.5 billion in assets as of Tuesday&#39;s close, according to ARK&#39;s website.</p><p>The Nigerian naira (USDNGN) was abruptly devalued by more than 50% in February to a record low against the U.S. dollar, the second major devaluation in a year. The African currency has since clawed back some of that weakness and traded at 1,289 naira to the greenback early Wednesday.</p><p>Egypt&#39;s currency, the Egyptian pound (USDEGP), abruptly fell by 40% against the buck last month amid a shortage of foreign currency. Earlier this year, the Argentine peso was devalued by more than 50% by newly installed President Javier Milei earlier this year.</p><p>She also pointed to the fact that bitcoin rallied last year as a handful of regional banks in the U.S. collapsed, sparking a short-lived panic that had global ramifications.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood of ARK Invest Defends Her $2,000 Share-Price Target on Tesla</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\">\nCathie Wood of ARK Invest Defends Her $2,000 Share-Price Target on Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-04-03 23:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>&#34;We think that the robotaxi opportunity globally will deliver $8 [trillion] to $10 trillion in revenue by 2030 and is one of the most important investment opportunities of our lifetimes.&#34; Cathie Wood on her unflagging support for Tesla stock.</p><p>That&#39;s Cathie Wood, founder and chief of ARK Invest, explaining why she still has a price target of $2,000 a share for Tesla Inc. despite the company&#39;s recent troubles.</p><p>Wood discussed her bullish case for Tesla during an interview with CNBC on Wednesday, saying, &#34;Now is not the time to run for the hills,&#34; even as Tesla shares have fallen more than 30% since the start of 2024.</p><p>The company is poised for a turnaround, as in a few years, electric cars and trucks will comprise 80% of all vehicle sales, Wood said. Wood has been a faithful Tesla bull for years, and once had a price target of $5,000 a share for the stock.</p><p>She pegged her bull case to Tesla&#39;s plans to roll out a robotaxi, which could drive up to $10 trillion in revenue by 2030, she said, adding that the robotaxi could &#34;save lives.&#34;</p><p>Her firm, ARK Invest, bought millions of dollars worth of Tesla shares over the past week ahead of a dismal first-quarter sales report that pushed the value of those shares even lower.</p><p>Tesla shares are down 33% so far this year at $166.34 a share in early Wednesday trade, according to FactSet data. Wood&#39;s <a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a> ARKK is down 9.4% year-to-date at $47.47 a share, while her ARK Autonomous Technology &amp; Robotics ETF ARKQ is down 7.8% at $53.22. The <a href=\"https://laohu8.com/S/ARKW\">ARK Next Generation Internet ETF</a> ARKW is up 5.5% at $80.05 a share. All three funds have Tesla as a top holding.</p><p>On Tuesday, Tesla shares fell nearly 5% after the company revealed that it delivered fewer new vehicles than Wall Street analysts had expected during the first quarter. What&#39;s more, the number of vehicles delivered actually shrank compared with the same period a year earlier.</p><p>Wood also touched on the topic of bitcoin&#39;s recent record-setting rally. She cited a rash of currency devaluations around the world as underappreciated contributors to the cryptocurrency&#39;s advance.</p><p>&#34;There is something else going on around the world. There are currency devaluations around the world that people aren&#39;t talking about,&#34; Wood said.</p><p>On March 14, bitcoin hit a record high north of $73,000 a coin, according to FactSet data. Many analysts attributed the cryptocurrency&#39;s latest bull run to the launch of a flurry of spot-bitcoin ETFs, including the <a href=\"https://laohu8.com/S/ARKB\">ARK 21Shares Bitcoin ETF</a>, which had more than $2.5 billion in assets as of Tuesday&#39;s close, according to ARK&#39;s website.</p><p>The Nigerian naira (USDNGN) was abruptly devalued by more than 50% in February to a record low against the U.S. dollar, the second major devaluation in a year. The African currency has since clawed back some of that weakness and traded at 1,289 naira to the greenback early Wednesday.</p><p>Egypt&#39;s currency, the Egyptian pound (USDEGP), abruptly fell by 40% against the buck last month amid a shortage of foreign currency. Earlier this year, the Argentine peso was devalued by more than 50% by newly installed President Javier Milei earlier this year.</p><p>She also pointed to the fact that bitcoin rallied last year as a handful of regional banks in the U.S. collapsed, sparking a short-lived panic that had global ramifications.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1548497426.USD":"安联环球人工智能AT Acc","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4548":"巴美列捷福持仓","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4592":"伊斯兰概念","TSLA":"特斯拉","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4534":"瑞士信贷持仓","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4555":"新能源车","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","ARKK":"ARK Innovation ETF","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4099":"汽车制造商","BK4527":"明星科技股","ARKQ":"ARK Autonomous Technology & Robotics ETF","BK4511":"特斯拉概念","BK4550":"红杉资本持仓","BK4588":"碎股","ARKW":"ARK Next Generation Internation ETF","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4574":"无人驾驶","BK4551":"寇图资本持仓","LU2063271972.USD":"富兰克林创新领域基金","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4581":"高盛持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2424441218","content_text":"\"We think that the robotaxi opportunity globally will deliver $8 [trillion] to $10 trillion in revenue by 2030 and is one of the most important investment opportunities of our lifetimes.\" Cathie Wood on her unflagging support for Tesla stock.That's Cathie Wood, founder and chief of ARK Invest, explaining why she still has a price target of $2,000 a share for Tesla Inc. despite the company's recent troubles.Wood discussed her bullish case for Tesla during an interview with CNBC on Wednesday, saying, \"Now is not the time to run for the hills,\" even as Tesla shares have fallen more than 30% since the start of 2024.The company is poised for a turnaround, as in a few years, electric cars and trucks will comprise 80% of all vehicle sales, Wood said. Wood has been a faithful Tesla bull for years, and once had a price target of $5,000 a share for the stock.She pegged her bull case to Tesla's plans to roll out a robotaxi, which could drive up to $10 trillion in revenue by 2030, she said, adding that the robotaxi could \"save lives.\"Her firm, ARK Invest, bought millions of dollars worth of Tesla shares over the past week ahead of a dismal first-quarter sales report that pushed the value of those shares even lower.Tesla shares are down 33% so far this year at $166.34 a share in early Wednesday trade, according to FactSet data. Wood's ARK Innovation ETF ARKK is down 9.4% year-to-date at $47.47 a share, while her ARK Autonomous Technology & Robotics ETF ARKQ is down 7.8% at $53.22. The ARK Next Generation Internet ETF ARKW is up 5.5% at $80.05 a share. All three funds have Tesla as a top holding.On Tuesday, Tesla shares fell nearly 5% after the company revealed that it delivered fewer new vehicles than Wall Street analysts had expected during the first quarter. What's more, the number of vehicles delivered actually shrank compared with the same period a year earlier.Wood also touched on the topic of bitcoin's recent record-setting rally. She cited a rash of currency devaluations around the world as underappreciated contributors to the cryptocurrency's advance.\"There is something else going on around the world. There are currency devaluations around the world that people aren't talking about,\" Wood said.On March 14, bitcoin hit a record high north of $73,000 a coin, according to FactSet data. Many analysts attributed the cryptocurrency's latest bull run to the launch of a flurry of spot-bitcoin ETFs, including the ARK 21Shares Bitcoin ETF, which had more than $2.5 billion in assets as of Tuesday's close, according to ARK's website.The Nigerian naira (USDNGN) was abruptly devalued by more than 50% in February to a record low against the U.S. dollar, the second major devaluation in a year. The African currency has since clawed back some of that weakness and traded at 1,289 naira to the greenback early Wednesday.Egypt's currency, the Egyptian pound (USDEGP), abruptly fell by 40% against the buck last month amid a shortage of foreign currency. Earlier this year, the Argentine peso was devalued by more than 50% by newly installed President Javier Milei earlier this year.She also pointed to the fact that bitcoin rallied last year as a handful of regional banks in the U.S. collapsed, sparking a short-lived panic that had global ramifications.","news_type":1},"isVote":1,"tweetType":1,"viewCount":118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":261698618699824,"gmtCreate":1704901737158,"gmtModify":1704902759093,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"title":"Tiger Tycoon","htmlText":"Find out more here: <a href=\"https://www.heytigers.com/activity/market/2024/tiger-tycoon?adcode=20231208151108&amp;actionID=ac9d57b32a7932038b6209914a71823a&amp;skin=1&amp;os=iOS&amp;account_id=50617120&amp;utm_source=invite&amp;utm_campaign=20231208151108&amp;utm_medium=tiger_community&amp;platform=iOS&amp;shareID=3fb1dbf701f25e45a7ab324cac2a36ae&amp;invite=FTOFOU&amp;lang=en_US#/\">Tiger Tycoon</a> Get ready to WIN up to $888!mum im im im tm yum yum jn i'm&nbsp;","listText":"Find out more here: <a href=\"https://www.heytigers.com/activity/market/2024/tiger-tycoon?adcode=20231208151108&amp;actionID=ac9d57b32a7932038b6209914a71823a&amp;skin=1&amp;os=iOS&amp;account_id=50617120&amp;utm_source=invite&amp;utm_campaign=20231208151108&amp;utm_medium=tiger_community&amp;platform=iOS&amp;shareID=3fb1dbf701f25e45a7ab324cac2a36ae&amp;invite=FTOFOU&amp;lang=en_US#/\">Tiger Tycoon</a> Get ready to WIN up to $888!mum im im im tm yum yum jn i'm&nbsp;","text":"Find out more here: Tiger Tycoon Get ready to WIN up to 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yum","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/259593263472808","isVote":1,"tweetType":1,"viewCount":168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":259593976602680,"gmtCreate":1704387782155,"gmtModify":1704387952164,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"title":"Tiger Tycoon","htmlText":"Find out more here: <a 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lololol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/259593633796152","repostId":"248312805347464","repostType":1,"repost":{"id":248312805347464,"gmtCreate":1701660745864,"gmtModify":1703059991513,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/61ed9b39c6cbcdce6372edc1c0b48a2d","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"🐅🌟 TIGER TYCOON CHALLENGE IS ON! 🌟🐅","htmlText":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct &amp; Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. Fastest finge","listText":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct &amp; Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. Fastest finge","text":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct & Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. Fastest finge","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/248312805347464","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":259593002700960,"gmtCreate":1704387655116,"gmtModify":1704387948911,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"title":"Tiger Tycoon","htmlText":"Find out more here: <a 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is","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/259227791786216","isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":259226861051968,"gmtCreate":1704300471439,"gmtModify":1704300983821,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"title":"Tiger Tycoon","htmlText":"Find out more here: <a href=\"https://www.heytigers.com/activity/market/2024/tiger-tycoon?adcode=20231208151108&amp;actionID=6f276bd3dbd2026617ad3a393d380743&amp;skin=1&amp;os=iOS&amp;account_id=50617120&amp;utm_source=invite&amp;utm_campaign=20231208151108&amp;utm_medium=tiger_community&amp;platform=iOS&amp;shareID=8bbdbc56ff218904b899c03ad31dbfbc&amp;invite=FTOFOU&amp;lang=en_US#/\">Tiger 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mhmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/259226861051968","isVote":1,"tweetType":1,"viewCount":163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970955036,"gmtCreate":1683851068826,"gmtModify":1683851073043,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/HSI\">$HSI(HSI)$&nbsp;</a>teysy should but now?","listText":"<a href=\"https://ttm.financial/S/HSI\">$HSI(HSI)$&nbsp;</a>teysy should but now?","text":"$HSI(HSI)$ teysy should but now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970955036","isVote":1,"tweetType":1,"viewCount":281,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9944853280,"gmtCreate":1681797241741,"gmtModify":1681797245498,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"&nbsp;gm uh uh hb uh","listText":"&nbsp;gm uh uh hb uh","text":"gm uh uh hb uh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944853280","repostId":"9944174427","repostType":1,"repost":{"id":9944174427,"gmtCreate":1681770858870,"gmtModify":1681782585691,"author":{"id":"10000000000010708","authorId":"10000000000010708","name":"Oshr Astro Finance","avatar":"https://community-static.tradeup.com/news/d61123ec73aac89acd0a45e3912eb0c4","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"\n \n \n  Invest in Super-Apps-tokens (not #Bitcoin)\n \n","listText":"Invest in Super-Apps-tokens (not #Bitcoin)","text":"Invest in Super-Apps-tokens (not #Bitcoin)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944174427","isVote":1,"tweetType":2,"object":{"id":"f6cd0d8994f7499d847529fab5c133fb","tweetId":"9944174427","title":"Invest in Super-Apps-tokens (not #Bitcoin)","videoUrl":"http://v.tigerbbs.com/1681770855547ccd65e603635731ce0b0343a6ff97f60.mp4","poster":"https://static.tigerbbs.com/80c0732b2ed7c63b216b6806940738b6","shareLink":"http://v.tigerbbs.com/1681770855547ccd65e603635731ce0b0343a6ff97f60.mp4"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":72,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941031284,"gmtCreate":1679812015248,"gmtModify":1679812019538,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"lol hes a funny dude","listText":"lol hes a funny dude","text":"lol hes a funny dude","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9941031284","repostId":"2322126279","repostType":4,"repost":{"id":"2322126279","pubTimestamp":1679795854,"share":"https://www.laohu8.com/m/news/2322126279?lang=&edition=full","pubTime":"2023-03-26 09:57","market":"us","language":"en","title":"OpenAI CEO Sam Altman Calls Elon Musk a \"Jerk\" as Report Says the Tesla CEO Was \"Furious\" about ChatGPT’s Success","url":"https://stock-news.laohu8.com/highlight/detail?id=2322126279","media":"Fortune","summary":"Elon Musk has spent a lot of time attacking popular chatbot ChatGPT and its maker, OpenAI, for being","content":"<html><head></head><body><p>Elon Musk has spent a lot of time attacking popular chatbot ChatGPT and its maker, OpenAI, for being “woke” and deviating from OpenAI’s original non-profit mission.</p><p>But during an interview on Thursday, Sam Altman, CEO of OpenAI, defended his organization against Musk’s voluble criticism.</p><p>&#34;I mean, he&#39;s a jerk, whatever else you want to say about him—he has a style that is not a style that I&#39;d want to have for myself,&#34; Altman said on the “On With Kara Swisher” podcast.</p><p>Musk co-founded OpenAI in 2015 and eventually left its board in 2018, saying that his work with the group conflicted with Tesla’s expansion into artificial intelligence. But it turns out that the world’s richest man had reportedly offered to lead OpenAI, and when he was turned down, he walked away from the company, according to news site <i>Semafor</i>. That’s when the ties between Musk and OpenAI ended formally. But after ChatGPT gained millions of users following its debut several months ago, Musk was &#34;furious&#34; and went on the offensive.</p><p>In February, Musk tweeted about his disagreements with changes to OpenAI’s status as a pure non-profit to one that also has a for-profit arm and has a big investor in Microsoft.</p><p>“OpenAI was created as an open source (which is why I named it “Open” AI), non-profit company to serve as a counterweight to Google, but now it has become a closed source, maximum-profit company effectively controlled by Microsoft. Not what I intended at all,” he wrote.</p><blockquote>OpenAI was created as an open source (which is why I named it “Open” AI), non-profit company to serve as a counterweight to Google, but now it has become a closed source, maximum-profit company effectively controlled by Microsoft.</blockquote><blockquote>Not what I intended at all.</blockquote><p>A month later, Musk again tweeted about OpenAI’s finances: “I’m still confused as to how a non-profit to which I donated ~$100M somehow became a $30B market cap for-profit. If this is legal, why doesn’t everyone do it?”</p><p>Responding to Musk’s claims, Altman said on the podcast: &#34;Most of that is not true, and I think Elon knows that. We’re not controlled by Microsoft. Microsoft doesn’t even have a board seat on us, we are an independent company.”</p><p>OpenAI chose against open-sourcing everything—or making its technology available to everyone—to prevent “havoc” while still offering wide access to its tools, Altman said. The company opened a for-profit arm in 2019 to raise funds for its A.I. endeavors.</p><p>Despite Musk’s criticism of OpenAI, Altman thinks the Tesla chief still cares about creating a “good future” of artificial general intelligence, the term for A.I. that is as capable as humans and a major goal for researchers.</p><p>&#34;I think he does really care, and he is feeling very stressed about what the future&#39;s going to look like for humanity,&#34; Altman told Swisher.</p><p>Musk could not be reached for comment, while OpenAI declined <i>Fortune</i>’s request for comment.</p><h2><b>‘Woke A.I.’ in the works</b></h2><p>In December, Altman tweeted a complaint about how users of his A.I. tools were coaxing the technology to give racist and sexist responses and then being offended by it.</p><p>To that, Musk, who opposes most policing of online content, responded that he is against any filters that would clean up ChatGPT’s responses. “The danger of training AI to be woke – in other words, lie – is deadly,” he wrote.</p><blockquote>The danger of training AI to be woke – in other words, lie – is deadly</blockquote><p>In February, a Twitter user posted a hypothetical question to ChatGPT in an effort to show how the technology was overly-skewed to be politically correct. Should someone use a racial slur in an area where no one else is standing to prevent a bomb blast that could kill people? ChatGPT responded by saying, no, that it’s morally unacceptable to use a racial slur in any situation. Musk replied, curtly, by saying, “Concerning.”</p><p>Despite criticizing ChatGPT, Musk appears to want to get in on the generative A.I. frenzy that started with the launch of ChatGPT. Last month, a report said he was working on a rival to OpenAI, though he has not confirmed it publicly.</p></body></html>","source":"yahoofinance","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>OpenAI CEO Sam Altman Calls Elon Musk a \"Jerk\" as Report Says the Tesla CEO Was \"Furious\" about ChatGPT’s Success</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\">\nOpenAI CEO Sam Altman Calls Elon Musk a \"Jerk\" as Report Says the Tesla CEO Was \"Furious\" about ChatGPT’s Success\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-26 09:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/openai-ceo-sam-altman-calls-211537864.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Elon Musk has spent a lot of time attacking popular chatbot ChatGPT and its maker, OpenAI, for being “woke” and deviating from OpenAI’s original non-profit mission.But during an interview on Thursday,...</p>\n\n<a href=\"https://finance.yahoo.com/news/openai-ceo-sam-altman-calls-211537864.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0109392836.USD":"富兰克林科技股A","BK4566":"资本集团","BK4525":"远程办公概念","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4535":"淡马锡持仓","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","BK4527":"明星科技股","LU0823414478.USD":"法巴经典能源转换基金","BK4077":"互动媒体与服务","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","BK4550":"红杉资本持仓","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU1861558580.USD":"日兴方舟颠覆性创新基金B","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","TSLA":"特斯拉","SG9999014906.USD":"大华全球优质成长基金Acc USD","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","BK4555":"新能源车","BK4099":"汽车制造商","MSFT":"微软","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","BK4514":"搜索引擎","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","GOOG":"谷歌","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4516":"特朗普概念","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4534":"瑞士信贷持仓","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)"},"source_url":"https://finance.yahoo.com/news/openai-ceo-sam-altman-calls-211537864.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2322126279","content_text":"Elon Musk has spent a lot of time attacking popular chatbot ChatGPT and its maker, OpenAI, for being “woke” and deviating from OpenAI’s original non-profit mission.But during an interview on Thursday, Sam Altman, CEO of OpenAI, defended his organization against Musk’s voluble criticism.\"I mean, he's a jerk, whatever else you want to say about him—he has a style that is not a style that I'd want to have for myself,\" Altman said on the “On With Kara Swisher” podcast.Musk co-founded OpenAI in 2015 and eventually left its board in 2018, saying that his work with the group conflicted with Tesla’s expansion into artificial intelligence. But it turns out that the world’s richest man had reportedly offered to lead OpenAI, and when he was turned down, he walked away from the company, according to news site Semafor. That’s when the ties between Musk and OpenAI ended formally. But after ChatGPT gained millions of users following its debut several months ago, Musk was \"furious\" and went on the offensive.In February, Musk tweeted about his disagreements with changes to OpenAI’s status as a pure non-profit to one that also has a for-profit arm and has a big investor in Microsoft.“OpenAI was created as an open source (which is why I named it “Open” AI), non-profit company to serve as a counterweight to Google, but now it has become a closed source, maximum-profit company effectively controlled by Microsoft. Not what I intended at all,” he wrote.OpenAI was created as an open source (which is why I named it “Open” AI), non-profit company to serve as a counterweight to Google, but now it has become a closed source, maximum-profit company effectively controlled by Microsoft.Not what I intended at all.A month later, Musk again tweeted about OpenAI’s finances: “I’m still confused as to how a non-profit to which I donated ~$100M somehow became a $30B market cap for-profit. If this is legal, why doesn’t everyone do it?”Responding to Musk’s claims, Altman said on the podcast: \"Most of that is not true, and I think Elon knows that. We’re not controlled by Microsoft. Microsoft doesn’t even have a board seat on us, we are an independent company.”OpenAI chose against open-sourcing everything—or making its technology available to everyone—to prevent “havoc” while still offering wide access to its tools, Altman said. The company opened a for-profit arm in 2019 to raise funds for its A.I. endeavors.Despite Musk’s criticism of OpenAI, Altman thinks the Tesla chief still cares about creating a “good future” of artificial general intelligence, the term for A.I. that is as capable as humans and a major goal for researchers.\"I think he does really care, and he is feeling very stressed about what the future's going to look like for humanity,\" Altman told Swisher.Musk could not be reached for comment, while OpenAI declined Fortune’s request for comment.‘Woke A.I.’ in the worksIn December, Altman tweeted a complaint about how users of his A.I. tools were coaxing the technology to give racist and sexist responses and then being offended by it.To that, Musk, who opposes most policing of online content, responded that he is against any filters that would clean up ChatGPT’s responses. “The danger of training AI to be woke – in other words, lie – is deadly,” he wrote.The danger of training AI to be woke – in other words, lie – is deadlyIn February, a Twitter user posted a hypothetical question to ChatGPT in an effort to show how the technology was overly-skewed to be politically correct. Should someone use a racial slur in an area where no one else is standing to prevent a bomb blast that could kill people? ChatGPT responded by saying, no, that it’s morally unacceptable to use a racial slur in any situation. Musk replied, curtly, by saying, “Concerning.”Despite criticizing ChatGPT, Musk appears to want to get in on the generative A.I. frenzy that started with the launch of ChatGPT. Last month, a report said he was working on a rival to OpenAI, though he has not confirmed it publicly.","news_type":1},"isVote":1,"tweetType":1,"viewCount":87,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943902244,"gmtCreate":1679014853788,"gmtModify":1679014857141,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"lol ok","listText":"lol ok","text":"lol ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943902244","repostId":"2320391087","repostType":2,"repost":{"id":"2320391087","pubTimestamp":1679014738,"share":"https://www.laohu8.com/m/news/2320391087?lang=&edition=full","pubTime":"2023-03-17 08:58","market":"us","language":"en","title":"Banks Borrow $164.8 Billion From Fed in Rush to Backstop Liquidity","url":"https://stock-news.laohu8.com/highlight/detail?id=2320391087","media":"Bloomberg","summary":"Discount-window borrowing surged to record $152.85 billionNew facility usage totaled $11.9 billion in first three days(Bloomberg) -- Banks borrowed a combined $164.8 billion from two Federal Reserve b","content":"<html><head></head><body><ul><li>Discount-window borrowing surged to record $152.85 billion</li><li>New facility usage totaled $11.9 billion in first three days</li></ul><p>(Bloomberg) -- Banks borrowed a combined $164.8 billion from two Federal Reserve backstop facilities in the most recent week, a sign of escalated funding strains in the aftermath of Silicon Valley Bank’s failure.</p><p>Data published by the Fed showed $152.85 billion in borrowing from the discount window  — the traditional liquidity backstop for banks — in the week ended March 15, a record high, up from $4.58 billion the previous week. The prior all-time high was $111 billion reached during the 2008 financial crisis.</p><p><img src=\"https://static.tigerbbs.com/79178340a25af18a383687fd7adb659a\" tg-width=\"698\" tg-height=\"392\" referrerpolicy=\"no-referrer\"/></p><p>The data also showed $11.9 billion in borrowing from the Fed’s new emergency backstop known as the Bank Term Funding Program, which was launched Sunday.</p><p>Taken together, the credit extended through the two backstops show a banking system that is still fragile and dealing with deposit migration in the wake of the failure of Silicon Valley Bank of California and <a href=\"https://laohu8.com/S/SBNYP\">Signature Bank</a> of New York last week.</p><p>Other credit extensions totaled $142.8 billion during the week, which reflects lending by the Federal Deposit Insurance Corp. to bridge banks for SVB and Signature Bank.</p><p>All told, the emergency loans reversed around half of the balance-sheet shrinkage that the Fed has achieved since it began so-called quantitative tightening — allowing its portfolio of assets to run down — in June last year. And the central bank’s reserve balances jumped by some $440 billion in a week — which “basically reversed all the Fed’s QT efforts,” according to Capital Economics.</p><p><img src=\"https://static.tigerbbs.com/276ad19e0a29cb5f04204446a5ce5b0d\" tg-width=\"742\" tg-height=\"413\" referrerpolicy=\"no-referrer\"/>“It is about in line with what we expected,” said Michael Gapen, head of US economics for Bank of America Securities in New York. Gapen said the higher rates of discount-window borrowing over the new Bank Term Funding facility may reflect the broader set of collateral that banks are able to pledge at the window.</p><p>On Thursday afternoon, the nation’s biggest banks agreed upon a plan to deposit about $30 billion with First Republic Bank in an effort orchestrated by the US government to stabilize the battered California lender.</p><p>The US Treasury and the Federal Deposit Insurance Corp. stepped in and exercised unusual powers over the weekend to protect all depositors of both SVB and Signature. Typically, depositors are only insured up to $250,000.</p><p>The Fed also took the extraordinary step of extending the safety net by guaranteeing banks would have enough liquidity to meet all deposit needs. The BTFP allows banks to tender government collateral at par in exchange for a one-year loan. Government officials said at the time that there was enough collateral in the banking system to cover all depositors.</p><p>Analysts at JPMorgan Chase &amp; Co. estimated $2 trillion as an upper level for how much liquidity the new backstop could ultimately provide, although they also developed a smaller calculation of around $460 billion based on the amount of uninsured deposits at six US banks that have the highest ratio of uninsured deposits over total deposits.</p></body></html>","source":"lsy1584095487587","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>Banks Borrow $164.8 Billion From Fed in Rush to Backstop Liquidity</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\">\nBanks Borrow $164.8 Billion From Fed in Rush to Backstop Liquidity\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-17 08:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-03-16/banks-rush-to-backstop-liquidity-borrow-164-8-billion-from-fed?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Discount-window borrowing surged to record $152.85 billionNew facility usage totaled $11.9 billion in first three days(Bloomberg) -- Banks borrowed a combined $164.8 billion from two Federal Reserve ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-03-16/banks-rush-to-backstop-liquidity-borrow-164-8-billion-from-fed?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SBNY":"签字银行"},"source_url":"https://www.bloomberg.com/news/articles/2023-03-16/banks-rush-to-backstop-liquidity-borrow-164-8-billion-from-fed?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2320391087","content_text":"Discount-window borrowing surged to record $152.85 billionNew facility usage totaled $11.9 billion in first three days(Bloomberg) -- Banks borrowed a combined $164.8 billion from two Federal Reserve backstop facilities in the most recent week, a sign of escalated funding strains in the aftermath of Silicon Valley Bank’s failure.Data published by the Fed showed $152.85 billion in borrowing from the discount window  — the traditional liquidity backstop for banks — in the week ended March 15, a record high, up from $4.58 billion the previous week. The prior all-time high was $111 billion reached during the 2008 financial crisis.The data also showed $11.9 billion in borrowing from the Fed’s new emergency backstop known as the Bank Term Funding Program, which was launched Sunday.Taken together, the credit extended through the two backstops show a banking system that is still fragile and dealing with deposit migration in the wake of the failure of Silicon Valley Bank of California and Signature Bank of New York last week.Other credit extensions totaled $142.8 billion during the week, which reflects lending by the Federal Deposit Insurance Corp. to bridge banks for SVB and Signature Bank.All told, the emergency loans reversed around half of the balance-sheet shrinkage that the Fed has achieved since it began so-called quantitative tightening — allowing its portfolio of assets to run down — in June last year. And the central bank’s reserve balances jumped by some $440 billion in a week — which “basically reversed all the Fed’s QT efforts,” according to Capital Economics.“It is about in line with what we expected,” said Michael Gapen, head of US economics for Bank of America Securities in New York. Gapen said the higher rates of discount-window borrowing over the new Bank Term Funding facility may reflect the broader set of collateral that banks are able to pledge at the window.On Thursday afternoon, the nation’s biggest banks agreed upon a plan to deposit about $30 billion with First Republic Bank in an effort orchestrated by the US government to stabilize the battered California lender.The US Treasury and the Federal Deposit Insurance Corp. stepped in and exercised unusual powers over the weekend to protect all depositors of both SVB and Signature. Typically, depositors are only insured up to $250,000.The Fed also took the extraordinary step of extending the safety net by guaranteeing banks would have enough liquidity to meet all deposit needs. The BTFP allows banks to tender government collateral at par in exchange for a one-year loan. Government officials said at the time that there was enough collateral in the banking system to cover all depositors.Analysts at JPMorgan Chase & Co. estimated $2 trillion as an upper level for how much liquidity the new backstop could ultimately provide, although they also developed a smaller calculation of around $460 billion based on the amount of uninsured deposits at six US banks that have the highest ratio of uninsured deposits over total deposits.","news_type":1},"isVote":1,"tweetType":1,"viewCount":119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949113259,"gmtCreate":1678424747671,"gmtModify":1678424751112,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a>gm hmm uh jn jn jn im i'm jn jn jn","listText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a>gm hmm uh jn jn jn im i'm jn jn jn","text":"$TENCENT(00700)$ gm hmm uh jn jn jn im i'm jn jn jn","images":[{"img":"https://community-static.tradeup.com/news/d1079e4d88dc12047be44dce23ae0636","width":"1242","height":"2448"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9949113259","isVote":1,"tweetType":1,"viewCount":168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9949025399,"gmtCreate":1678251395811,"gmtModify":1678251398932,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$&nbsp;</a>gs gx gx","listText":"<a href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$&nbsp;</a>gs gx gx","text":"$Tencent Music(TME)$ gs gx gx","images":[{"img":"https://community-static.tradeup.com/news/df839343c4b6328373fa28abfdb2bf2e","width":"1242","height":"2448"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9949025399","isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9949025974,"gmtCreate":1678251374298,"gmtModify":1678251377351,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$&nbsp;</a>zz a","listText":"<a href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$&nbsp;</a>zz a","text":"$Tencent Music(TME)$ zz a","images":[{"img":"https://community-static.tradeup.com/news/df839343c4b6328373fa28abfdb2bf2e","width":"1242","height":"2448"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9949025974","isVote":1,"tweetType":1,"viewCount":269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9949016227,"gmtCreate":1678235744569,"gmtModify":1678235747349,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"big","listText":"big","text":"big","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949016227","repostId":"1164379039","repostType":2,"repost":{"id":"1164379039","pubTimestamp":1678234215,"share":"https://www.laohu8.com/m/news/1164379039?lang=&edition=full","pubTime":"2023-03-08 08:10","market":"us","language":"en","title":"Sea Ltd. Surges Almost 22% As Q4 Results Top Expectations, Aided By E-Commerce","url":"https://stock-news.laohu8.com/highlight/detail?id=1164379039","media":"Seeking Alpha","summary":"Sea Ltd. (NYSE:SE) shares jumped almost 22% on Tuesday after the Singapore tech giant reported fourt","content":"<html><head></head><body><p>Sea Ltd. (NYSE:SE) shares jumped almost 22% on Tuesday after the Singapore tech giant reported fourth-quarter results that blew past Wall Street expectations, led by strength in its e-commerce unit.</p><p><img src=\"https://static.tigerbbs.com/eb56c7a379a006b590b127de2b147c05\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"/></p><p>For the period ending December 31, Sea (SE) earned an adjusted 72 cents per share as revenue rose 7.1% year-over-year to $3.45B. Analysts were expecting a loss of 55 cents per share on $3.05B in revenue.</p><p>Included in the figure was $2.1B in revenue from its e-commerce division, a rise of 31.8% year-over-year, as consumer continued to flock to its Shopee platform.</p><p>The company also generated $948.9M in revenue from digital entertainment in the period, up from $892.9M in the year-ago period, while revenue attributed to digital financial services soared 92.5% year-over-year to $380.2M.</p><p>In a statement, Forrest Li, Sea&#39;s (SE) Chairman and CEO said the company is &#34;closely monitoring&#34; the global economic uncertainty, but the company looks well positioned to compete.</p><p>&#34;Given the macro uncertainty and our recent strong pivot, we are closely monitoring the market environment and we will continue to adjust our pace and fine-tune our operations accordingly,&#34; Li said. &#34;While there may be near-term fluctuations in our performance, we remain highly confident in the long-term growth potential of our markets and fully focused on capturing this opportunity.&#34;</p><p>Last month, Duquesne Family Office, the hedge fund owned by billionaire Stanley Druckenmiller, disclosed that it had exited its position in Sea Ltd. (SE) during the fourth-quarter, while making several other changes to its portfolio.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Ltd. Surges Almost 22% As Q4 Results Top Expectations, Aided By E-Commerce</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\">\nSea Ltd. Surges Almost 22% As Q4 Results Top Expectations, Aided By E-Commerce\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-08 08:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3944814-sea-ltd-surges-q4-results-top-expectations-e-commerce><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sea Ltd. (NYSE:SE) shares jumped almost 22% on Tuesday after the Singapore tech giant reported fourth-quarter results that blew past Wall Street expectations, led by strength in its e-commerce unit....</p>\n\n<a href=\"https://seekingalpha.com/news/3944814-sea-ltd-surges-q4-results-top-expectations-e-commerce\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/news/3944814-sea-ltd-surges-q4-results-top-expectations-e-commerce","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1164379039","content_text":"Sea Ltd. (NYSE:SE) shares jumped almost 22% on Tuesday after the Singapore tech giant reported fourth-quarter results that blew past Wall Street expectations, led by strength in its e-commerce unit.For the period ending December 31, Sea (SE) earned an adjusted 72 cents per share as revenue rose 7.1% year-over-year to $3.45B. Analysts were expecting a loss of 55 cents per share on $3.05B in revenue.Included in the figure was $2.1B in revenue from its e-commerce division, a rise of 31.8% year-over-year, as consumer continued to flock to its Shopee platform.The company also generated $948.9M in revenue from digital entertainment in the period, up from $892.9M in the year-ago period, while revenue attributed to digital financial services soared 92.5% year-over-year to $380.2M.In a statement, Forrest Li, Sea's (SE) Chairman and CEO said the company is \"closely monitoring\" the global economic uncertainty, but the company looks well positioned to compete.\"Given the macro uncertainty and our recent strong pivot, we are closely monitoring the market environment and we will continue to adjust our pace and fine-tune our operations accordingly,\" Li said. \"While there may be near-term fluctuations in our performance, we remain highly confident in the long-term growth potential of our markets and fully focused on capturing this opportunity.\"Last month, Duquesne Family Office, the hedge fund owned by billionaire Stanley Druckenmiller, disclosed that it had exited its position in Sea Ltd. (SE) during the fourth-quarter, while making several other changes to its portfolio.","news_type":1},"isVote":1,"tweetType":1,"viewCount":57,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9085330855,"gmtCreate":1650641350007,"gmtModify":1676534769624,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"to be very honest, what i like to share today is so something phenomenon and extraordinary, it's like defining the tm um in dk im in tm im gm. i'm sure you don't know what i'm saying but it doesn't matter bozo im tm to ok rtu in tm dh jn feb ik uk ib yh tm uk im tm yo ok yh tm in fb uk in us sg yh in tbh uk in tm yh yh in uni u u tf. if you can decipher that it think an tm im in dm im rn im rn tmin tv tv in in db sg st to usisjdbsieiebejje ehdhejeheheheh gou dh siri i hi hi jc ib h ib g jn fnf fjfjfjfj","listText":"to be very honest, what i like to share today is so something phenomenon and extraordinary, it's like defining the tm um in dk im in tm im gm. i'm sure you don't know what i'm saying but it doesn't matter bozo im tm to ok rtu in tm dh jn feb ik uk ib yh tm uk im tm yo ok yh tm in fb uk in us sg yh in tbh uk in tm yh yh in uni u u tf. if you can decipher that it think an tm im in dm im rn im rn tmin tv tv in in db sg st to usisjdbsieiebejje ehdhejeheheheh gou dh siri i hi hi jc ib h ib g jn fnf fjfjfjfj","text":"to be very honest, what i like to share today is so something phenomenon and extraordinary, it's like defining the tm um in dk im in tm im gm. i'm sure you don't know what i'm saying but it doesn't matter bozo im tm to ok rtu in tm dh jn feb ik uk ib yh tm uk im tm yo ok yh tm in fb uk in us sg yh in tbh uk in tm yh yh in uni u u tf. if you can decipher that it think an tm im in dm im rn im rn tmin tv tv in in db sg st to usisjdbsieiebejje ehdhejeheheheh gou dh siri i hi hi jc ib h ib g jn fnf fjfjfjfj","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":29,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9085330855","isVote":1,"tweetType":1,"viewCount":384,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3585312804980408","authorId":"3585312804980408","name":"LaiSB","avatar":"https://static.tigerbbs.com/02ab60e191d391b446c88630f4f1e822","crmLevel":2,"crmLevelSwitch":0},"content":"I also don't get you... Lol","text":"I also don't get you... Lol","html":"I also don't get you... Lol"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9986061464,"gmtCreate":1666855277459,"gmtModify":1676537817652,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$</a>maxbkabxkabzkbzkbxkabxkabxkbakxbakxbakzbkabzka dhqkhdiwhskhsiqnskqbxvzohvxoxjavxjavda","listText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$</a>maxbkabxkabzkbzkbxkabxkabxkbakxbakxbakzbkabzka dhqkhdiwhskhsiqnskqbxvzohvxoxjavxjavda","text":"$TENCENT(00700)$maxbkabxkabzkbzkbxkabxkabxkbakxbakxbakzbkabzka dhqkhdiwhskhsiqnskqbxvzohvxoxjavxjavda","images":[{"img":"https://community-static.tradeup.com/news/c5ab5d838bf930f3c5bcd27d44591e73","width":"1242","height":"2448"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":17,"commentSize":12,"repostSize":2,"link":"https://ttm.financial/post/9986061464","isVote":1,"tweetType":1,"viewCount":539,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9057744487,"gmtCreate":1655575982749,"gmtModify":1676535664291,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$</a>dm tm tm tm tm tm rn dm rn tm tm tm","listText":"<a href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$</a>dm tm tm tm tm tm rn dm rn tm tm tm","text":"$Tencent Music(TME)$dm tm tm tm tm tm rn dm rn tm 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miller","images":[{"img":"https://static.tigerbbs.com/f5b7f90833b0728cadecb5cb81220f1d"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293824430665920","isVote":1,"tweetType":1,"viewCount":18,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9901884712,"gmtCreate":1659161289136,"gmtModify":1676536267598,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$</a>gx yx if if bc bc","listText":"<a href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$</a>gx yx if if bc bc","text":"$Tencent Music(TME)$gx yx if if bc bc","images":[{"img":"https://community-static.tradeup.com/news/eed3a965e2435e5708e3a1aa4eb3cfdb","width":"1242","height":"2448"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901884712","isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":167885332,"gmtCreate":1624259015826,"gmtModify":1703831786897,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"comments pls","listText":"comments pls","text":"comments pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/167885332","repostId":"2145083294","repostType":4,"repost":{"id":"2145083294","pubTimestamp":1624256400,"share":"https://www.laohu8.com/m/news/2145083294?lang=&edition=full","pubTime":"2021-06-21 14:20","market":"hk","language":"en","title":"China deposit rate reform to have limited impact - industry body","url":"https://stock-news.laohu8.com/highlight/detail?id=2145083294","media":"StreetInsider","summary":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limite","content":"<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.</p>\n<p>The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.</p>\n<p>From Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.</p>\n<p>Ceilings on banks' deposit rates with maturities of more than <a href=\"https://laohu8.com/S/AONE\">one</a> year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).</p>\n<p>Sources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.</p>\n<p>All banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.</p>\n<p>A reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.</p>\n<p>In October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.</p>\n<p>Some Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.</p>","source":"highlight_streetinsider","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>China deposit rate reform to have limited impact - industry body</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\">\nChina deposit rate reform to have limited impact - industry body\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 14:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18579361><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18579361\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18579361","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145083294","content_text":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.\nThe body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.\nFrom Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.\nCeilings on banks' deposit rates with maturities of more than one year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).\nSources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.\nAll banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.\nA reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.\nIn October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.\nSome Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.","news_type":1},"isVote":1,"tweetType":1,"viewCount":126,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3577612953569737","authorId":"3577612953569737","name":"rhengheng","avatar":"https://static.tigerbbs.com/58bf6b16a89ff371c6c0942ad99039ea","crmLevel":2,"crmLevelSwitch":0},"content":"comment too please","text":"comment too please","html":"comment too please"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9047317091,"gmtCreate":1656869059413,"gmtModify":1676535906449,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$</a>gx if gg","listText":"<a href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$</a>gx if gg","text":"$Tencent Music(TME)$gx if gg","images":[{"img":"https://community-static.tradeup.com/news/4d644eb8f305a8a6cb3dfec2dbf165a5","width":"1242","height":"2448"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9047317091","isVote":1,"tweetType":1,"viewCount":151,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":190611776,"gmtCreate":1620615239695,"gmtModify":1704345577553,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TME\">$Tencent Music(TME)$</a>this stock will fly to $20, mark my words","listText":"<a href=\"https://laohu8.com/S/TME\">$Tencent Music(TME)$</a>this stock will fly to $20, mark my words","text":"$Tencent Music(TME)$this stock will fly to $20, mark my words","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":5,"repostSize":1,"link":"https://ttm.financial/post/190611776","isVote":1,"tweetType":1,"viewCount":1242,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3573107771009859","authorId":"3573107771009859","name":"Feilaoka","avatar":"https://static.tigerbbs.com/b841278a33c5c86aa7df11621728478a","crmLevel":5,"crmLevelSwitch":0},"content":"What’s the timeline?","text":"What’s the timeline?","html":"What’s the timeline?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189676585,"gmtCreate":1623262719847,"gmtModify":1704199661002,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"comment pls","listText":"comment pls","text":"comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/189676585","repostId":"1135487602","repostType":4,"repost":{"id":"1135487602","pubTimestamp":1623254102,"share":"https://www.laohu8.com/m/news/1135487602?lang=&edition=full","pubTime":"2021-06-09 23:55","market":"us","language":"en","title":"With Fed's Reverse Repo Hitting Half A Trillion, Wall Street Scrambles To Figure Out What Comes Next","url":"https://stock-news.laohu8.com/highlight/detail?id=1135487602","media":"zerohedge","summary":"With usage of the Fed's overnight reverse repo facility again hitting a new record high on Tuesday, ","content":"<p>With usage of the Fed's overnight reverse repo facility again hitting a new record high on Tuesday, rising to an all-time high of $497.4 billion...</p>\n<p><img src=\"https://static.tigerbbs.com/9b9d2bb6af82c6f76849da52e9583a94\" tg-width=\"500\" tg-height=\"259\"></p>\n<p>... rates traders are trying to decide if the Fed will tweak the rate on either the IOER (Interest on Excess Reserves) or the Reverse Repo Facility, collectively the Fed's \"administered rates\" in order to ease the liquidity congestion that has parked half a trillion dollars at the Fed where it is sitting inert, doing nothing.</p>\n<p>One strategist who believes there is a \"small chance\" the Fed will adjust its IOER/RRP rate is Deutsche Bank's Steven Zeng, who also cited concern about the quarter-end balance sheet squeeze, which is less than the futures market is currently pricing.</p>\n<p>As a reminder, the Fed’s ongoing $120BN in monthly QE and Treasury’s continued drawdown of its cash balance, create permanent reserves that are sitting on bank balance sheets.</p>\n<p><img src=\"https://static.tigerbbs.com/8e284a2218c963fffabe80f6e92118f5\" tg-width=\"500\" tg-height=\"342\"></p>\n<p>At the same time, demand for deposits adds to the bloat and forces banks to supply these liabilities and hold lower-yielding assets.</p>\n<p><img src=\"https://static.tigerbbs.com/08c9dd332a2a6bf7d3ef51328649fc99\" tg-width=\"500\" tg-height=\"346\"></p>\n<p>This puts downward pressure on banks’ supplementary leverage ratios,<b>so now institutions must either raise capital or reduce loans</b>. In this context, the Fed’s RRP acts as a “release valve” for deposits to leave banks’ balance sheets via inflows into money funds, which are then deposited at the facility.</p>\n<p><img src=\"https://static.tigerbbs.com/141d0979a36d1c83edb097f1181ee6eb\" tg-width=\"500\" tg-height=\"345\"></p>\n<p>According to Zeng, and as we have explained previously, the main merit of raising the RRP rate is to make money funds a “more attractive option to bank deposits,” which can allow institutions to push out more deposits and better manage their balance-sheet size until a “more permanent change to bank capital rules is made.”</p>\n<p><img src=\"https://static.tigerbbs.com/db701c691b65734c79e446994ff9334f\" tg-width=\"500\" tg-height=\"349\"></p>\n<p>Currently, money-market yields are low and their margins are squeezed,<b>so a boost to the RRP rate would make money funds a “more attractive option than bank deposits,” allowing more cash to leave the banking sector.</b>Separately, JPMorgan writes that most money-market funds have not reached their counterparty limits at the Federal Reserve’s overnight reverse repurchase agreement facility so they may not have to adjust their thresholds at the moment.</p>\n<p>Of course, one can't have an increase in one rate without the other, since in the fed funds market, lenders who have access to the RRP will demand higher rates, but borrowers may respond with reduced demand leading to a “more erratic fed funds rate.” This means an increase in the RRP rate<b>“needs to be accompanied by an equal or larger increase to the IOER.”</b></p>\n<p>Zeng conveniently summarizes the costs and benefits of an administered rate tweak in the table below:</p>\n<p><img src=\"https://static.tigerbbs.com/f7986a90f98f09803f58aab1f142833b\" tg-width=\"500\" tg-height=\"350\">On the other end of the spectrum are Jefferies economists Thomas Simons and Aneta Markowska who pointed to recent rise in yields at Treasury bill auctions in anticipation of potential Federal Reserve adjustments to its adminstered rates, but according to the duo, \"the rise could compel the central bank to stay put.\" (earlier this week, the Treasury sold 3-month bills at 0.025% and 6-month bills at 0.04%, which were both the highest stopout yields since April 19).</p>\n<p>Simons and Markowska explain the reflexive paradox as follows: \"concerns about an IOER hike are preventing yields from falling any further, despite the huge amount of cash looking for a home in the front-end.\" As a result, \"<b>perversely, this concern may actually prevent an IOER hike, should yields continue to hover at these levels.”</b></p>\n<p>Another paradox: the two conclude that \"it is hard to see the Fed judging that there is ‘undue pressure’ on the front-end even\" even as the Fed reverse repo is expected to rise above $500 billion today.</p>\n<p>So what does the market think? Well, according to Curvature's repo guru Scott Skyrm, as of this moment the market does not appear to be expecting an IOER hike by the Fed next week, meaning that consensus expected Powell &amp; Co. to do nothing to ease the record liquidity parked at the Fed.</p>\n<p>As the Curvature strategist wrote in a Tuesday note, \"the market is pricing two things from the Fed. First, it's pricing the first tightening in 2023 - according to the fed funds futures contracts [graph upper right]. Too far out to even guess the month! Second, the market is pricing the GC/fed funds spread to gradually narrow over the next year. Whereas GC is averaging between 5 and 6 basis points below fed funds now, it's expected to trade flat to fed funds within a year.\"</p>\n<p><img src=\"https://static.tigerbbs.com/42c7e46d0816b34f2291c95dcffee4c9\" tg-width=\"500\" tg-height=\"337\">As Skyrm concludes, \"there are only two possible Fed \"technical adjustments\" that can raise Repo rates: QE tapering and an RRP rate increase.<b>An increase in the IOER would raise both fed funds and Repo GC, so we could say the market is NOT pricing an IOER increase.</b>\"</p>\n<p>One final reason why the Fed is almost guaranteed to do nothing to administered rates and allow the liquidity glut to keep rising is that as the Fed's new whisperer at the WSJ, Michael Darby wrote yesterday \"Fed Is Fine With Reverse Repos Nearing Half a Trillion\" in which he wrote:</p>\n<blockquote>\n Many market participants have looked at the reverse repo activity with some unease. Financial firms have been willing to take the zero percent the Fed offers them through the facility in large part because there are few other short-term investments available, and in some cases, these private market investments actually cost money to invest in. That makes the Fed’s zero percent repo rate attractive on a relative basis.“The system is working exactly as designed,” New York Fed President John Williams said in a video interview on Yahoo Finance last Thursday. The reverse repo facility, he added, is “working really well and the fact that funds are flowing between the banking system and our overnight reverse repos, this is kind of how we would expect that to happen” given the level of money coursing through short-term markets.The growing use of the reverse repo facility follows Lorie Logan, who manages the Fed’s massive $7.9 trillion holdings of cash and securities, having said recently that the central bank would rely on it more and expand the number of firms that could access it. The timing of that shift lined up with the wall of cash that started flowing to the Fed.What is happening at the reverse repo facility doesn’t have much of a broader economic impact. Meanwhile, central bankers have become confident enough in the general health of financial markets to debate pulling back on their $120 billion a month in bond buying stimulus.\n</blockquote>\n<p>But as confident as the NY Fed's career academic head, Williams, is, some<i><b>expert</b></i>market participants are anxious. “That amount of cash flowing into the Fed is not healthy for the repo market,” said the abovementioned Scott Skyrm; He thinks the Fed needs to scale back its bond purchases, which he deemed the “most obvious and most effective way to bring cash back into the market” and out of the Fed’s balance sheet.</p>\n<p>Alas, it now appears that won't happen. And so, with the Fed facility set to keep rising, the question is will we hit $1 trillion in inert liquidity at the Fed before the Fed does agree that someone is wrong, or will an amount of cash greater than the market cap of bitcoin and ethereum remain frozen inside some Fed server...</p>\n<p></p>","source":"lsy1583725640930","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>With Fed's Reverse Repo Hitting Half A Trillion, Wall Street Scrambles To Figure Out What Comes Next</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\">\nWith Fed's Reverse Repo Hitting Half A Trillion, Wall Street Scrambles To Figure Out What Comes Next\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 23:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/feds-reverse-repo-hitting-half-trillion-wall-street-scrambles-figure-out-what-comes-next?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With usage of the Fed's overnight reverse repo facility again hitting a new record high on Tuesday, rising to an all-time high of $497.4 billion...\n\n... rates traders are trying to decide if the Fed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/feds-reverse-repo-hitting-half-trillion-wall-street-scrambles-figure-out-what-comes-next?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/feds-reverse-repo-hitting-half-trillion-wall-street-scrambles-figure-out-what-comes-next?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135487602","content_text":"With usage of the Fed's overnight reverse repo facility again hitting a new record high on Tuesday, rising to an all-time high of $497.4 billion...\n\n... rates traders are trying to decide if the Fed will tweak the rate on either the IOER (Interest on Excess Reserves) or the Reverse Repo Facility, collectively the Fed's \"administered rates\" in order to ease the liquidity congestion that has parked half a trillion dollars at the Fed where it is sitting inert, doing nothing.\nOne strategist who believes there is a \"small chance\" the Fed will adjust its IOER/RRP rate is Deutsche Bank's Steven Zeng, who also cited concern about the quarter-end balance sheet squeeze, which is less than the futures market is currently pricing.\nAs a reminder, the Fed’s ongoing $120BN in monthly QE and Treasury’s continued drawdown of its cash balance, create permanent reserves that are sitting on bank balance sheets.\n\nAt the same time, demand for deposits adds to the bloat and forces banks to supply these liabilities and hold lower-yielding assets.\n\nThis puts downward pressure on banks’ supplementary leverage ratios,so now institutions must either raise capital or reduce loans. In this context, the Fed’s RRP acts as a “release valve” for deposits to leave banks’ balance sheets via inflows into money funds, which are then deposited at the facility.\n\nAccording to Zeng, and as we have explained previously, the main merit of raising the RRP rate is to make money funds a “more attractive option to bank deposits,” which can allow institutions to push out more deposits and better manage their balance-sheet size until a “more permanent change to bank capital rules is made.”\n\nCurrently, money-market yields are low and their margins are squeezed,so a boost to the RRP rate would make money funds a “more attractive option than bank deposits,” allowing more cash to leave the banking sector.Separately, JPMorgan writes that most money-market funds have not reached their counterparty limits at the Federal Reserve’s overnight reverse repurchase agreement facility so they may not have to adjust their thresholds at the moment.\nOf course, one can't have an increase in one rate without the other, since in the fed funds market, lenders who have access to the RRP will demand higher rates, but borrowers may respond with reduced demand leading to a “more erratic fed funds rate.” This means an increase in the RRP rate“needs to be accompanied by an equal or larger increase to the IOER.”\nZeng conveniently summarizes the costs and benefits of an administered rate tweak in the table below:\nOn the other end of the spectrum are Jefferies economists Thomas Simons and Aneta Markowska who pointed to recent rise in yields at Treasury bill auctions in anticipation of potential Federal Reserve adjustments to its adminstered rates, but according to the duo, \"the rise could compel the central bank to stay put.\" (earlier this week, the Treasury sold 3-month bills at 0.025% and 6-month bills at 0.04%, which were both the highest stopout yields since April 19).\nSimons and Markowska explain the reflexive paradox as follows: \"concerns about an IOER hike are preventing yields from falling any further, despite the huge amount of cash looking for a home in the front-end.\" As a result, \"perversely, this concern may actually prevent an IOER hike, should yields continue to hover at these levels.”\nAnother paradox: the two conclude that \"it is hard to see the Fed judging that there is ‘undue pressure’ on the front-end even\" even as the Fed reverse repo is expected to rise above $500 billion today.\nSo what does the market think? Well, according to Curvature's repo guru Scott Skyrm, as of this moment the market does not appear to be expecting an IOER hike by the Fed next week, meaning that consensus expected Powell & Co. to do nothing to ease the record liquidity parked at the Fed.\nAs the Curvature strategist wrote in a Tuesday note, \"the market is pricing two things from the Fed. First, it's pricing the first tightening in 2023 - according to the fed funds futures contracts [graph upper right]. Too far out to even guess the month! Second, the market is pricing the GC/fed funds spread to gradually narrow over the next year. Whereas GC is averaging between 5 and 6 basis points below fed funds now, it's expected to trade flat to fed funds within a year.\"\nAs Skyrm concludes, \"there are only two possible Fed \"technical adjustments\" that can raise Repo rates: QE tapering and an RRP rate increase.An increase in the IOER would raise both fed funds and Repo GC, so we could say the market is NOT pricing an IOER increase.\"\nOne final reason why the Fed is almost guaranteed to do nothing to administered rates and allow the liquidity glut to keep rising is that as the Fed's new whisperer at the WSJ, Michael Darby wrote yesterday \"Fed Is Fine With Reverse Repos Nearing Half a Trillion\" in which he wrote:\n\n Many market participants have looked at the reverse repo activity with some unease. Financial firms have been willing to take the zero percent the Fed offers them through the facility in large part because there are few other short-term investments available, and in some cases, these private market investments actually cost money to invest in. That makes the Fed’s zero percent repo rate attractive on a relative basis.“The system is working exactly as designed,” New York Fed President John Williams said in a video interview on Yahoo Finance last Thursday. The reverse repo facility, he added, is “working really well and the fact that funds are flowing between the banking system and our overnight reverse repos, this is kind of how we would expect that to happen” given the level of money coursing through short-term markets.The growing use of the reverse repo facility follows Lorie Logan, who manages the Fed’s massive $7.9 trillion holdings of cash and securities, having said recently that the central bank would rely on it more and expand the number of firms that could access it. The timing of that shift lined up with the wall of cash that started flowing to the Fed.What is happening at the reverse repo facility doesn’t have much of a broader economic impact. Meanwhile, central bankers have become confident enough in the general health of financial markets to debate pulling back on their $120 billion a month in bond buying stimulus.\n\nBut as confident as the NY Fed's career academic head, Williams, is, someexpertmarket participants are anxious. “That amount of cash flowing into the Fed is not healthy for the repo market,” said the abovementioned Scott Skyrm; He thinks the Fed needs to scale back its bond purchases, which he deemed the “most obvious and most effective way to bring cash back into the market” and out of the Fed’s balance sheet.\nAlas, it now appears that won't happen. And so, with the Fed facility set to keep rising, the question is will we hit $1 trillion in inert liquidity at the Fed before the Fed does agree that someone is wrong, or will an amount of cash greater than the market cap of bitcoin and ethereum remain frozen inside some Fed server...","news_type":1},"isVote":1,"tweetType":1,"viewCount":81,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":136343297,"gmtCreate":1621996072519,"gmtModify":1704365714439,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"comment pls","listText":"comment pls","text":"comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/136343297","repostId":"2138196079","repostType":4,"isVote":1,"tweetType":1,"viewCount":68,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9067786155,"gmtCreate":1652511328177,"gmtModify":1676535114985,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$</a>zz zz","listText":"<a href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$</a>zz zz","text":"$Tencent Music(TME)$zz zz","images":[{"img":"https://community-static.tradeup.com/news/fe679dab976d3a29a730452957a25d92","width":"1242","height":"2448"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9067786155","isVote":1,"tweetType":1,"viewCount":132,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9080394808,"gmtCreate":1649842838830,"gmtModify":1676534588027,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$</a>eh yum yum","listText":"<a href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$</a>eh yum yum","text":"$Tencent Music(TME)$eh yum yum","images":[{"img":"https://community-static.tradeup.com/news/dac2e0bf5519a57c6ec2ab088027545e","width":"1242","height":"2448"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080394808","isVote":1,"tweetType":1,"viewCount":103,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":102789675,"gmtCreate":1620253960397,"gmtModify":1704340704323,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"comment pls","listText":"comment pls","text":"comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/102789675","repostId":"1148686352","repostType":4,"repost":{"id":"1148686352","pubTimestamp":1620224535,"share":"https://www.laohu8.com/m/news/1148686352?lang=&edition=full","pubTime":"2021-05-05 22:22","market":"us","language":"en","title":"This Day In Market History: Panic Of 1893 Crashes Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1148686352","media":"benzinga","summary":"What Happened?On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the ","content":"<p><b>What Happened?</b>On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the time.</p>\n<p><b>Where The Market Was:</b>The Dow finished the day at 30.02.</p>\n<p><b>What Else Was Going On In The World?</b>In 1893, Thomas Edison completed the world’s first movie studio in West Orange, New Jersey. Lizzie Borden was acquitted of the ax murders of her father and stepmother. A fresh, one-pound beef steak cost 10 cents.</p>\n<p><b>Panic Of 1893:</b>On May 5, 1893, the Dow Jones Index dropped more than 24% from 39.90 to 30.02. It would mark the worst intraday sell-off in U.S. history at the time, a record that would stand until 1929.</p>\n<p>The&nbsp;Panic of 1893&nbsp;was triggered in part by falling gold reserves in the U.S. Treasury. At the time, the U.S. was on the gold standard, meaning U.S. dollars could be redeemed for physical gold. When Treasury gold reserves dropped from $190 million in 1890 to $100 million by 1893, Americans grew concerned that the Treasury might run out of gold and began withdrawing bank notes and converting them to gold, placing extreme strain on the U.S. banking industry and credit markets.</p>\n<p>The May 5 sell-off was triggered in part by the bankruptcy of Nation Cordage the day before.<b>General Electric Company</b>GE 0.34%shares dropped 28% on the day from $80 to $58.</p>\n<p>Fortunately for investors, the Panic of 1893 didn’t last for long. By the end of the day, the market nearly completely recovered its losses. GE, for example, closed the session at $78.50.</p>\n<p>The Panic of 1893 would ravage the U.S. economy, triggering a severe four-year depression. Roughly 14,000 U.S. businesses closed, and unemployment rose to 20%. The event would mark the worst economic downturn in U.S. history until the Great Depression began in 1929.</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>This Day In Market History: Panic Of 1893 Crashes Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Day In Market History: Panic Of 1893 Crashes Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-05 22:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What Happened?On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the time.\nWhere The Market Was:The Dow finished the day at 30.02.\nWhat Else Was Going On In The World?In...</p>\n\n<a href=\"https://www.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market\">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://www.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148686352","content_text":"What Happened?On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the time.\nWhere The Market Was:The Dow finished the day at 30.02.\nWhat Else Was Going On In The World?In 1893, Thomas Edison completed the world’s first movie studio in West Orange, New Jersey. Lizzie Borden was acquitted of the ax murders of her father and stepmother. A fresh, one-pound beef steak cost 10 cents.\nPanic Of 1893:On May 5, 1893, the Dow Jones Index dropped more than 24% from 39.90 to 30.02. It would mark the worst intraday sell-off in U.S. history at the time, a record that would stand until 1929.\nThe Panic of 1893 was triggered in part by falling gold reserves in the U.S. Treasury. At the time, the U.S. was on the gold standard, meaning U.S. dollars could be redeemed for physical gold. When Treasury gold reserves dropped from $190 million in 1890 to $100 million by 1893, Americans grew concerned that the Treasury might run out of gold and began withdrawing bank notes and converting them to gold, placing extreme strain on the U.S. banking industry and credit markets.\nThe May 5 sell-off was triggered in part by the bankruptcy of Nation Cordage the day before.General Electric CompanyGE 0.34%shares dropped 28% on the day from $80 to $58.\nFortunately for investors, the Panic of 1893 didn’t last for long. By the end of the day, the market nearly completely recovered its losses. GE, for example, closed the session at $78.50.\nThe Panic of 1893 would ravage the U.S. economy, triggering a severe four-year depression. Roughly 14,000 U.S. businesses closed, and unemployment rose to 20%. The event would mark the worst economic downturn in U.S. history until the Great Depression began in 1929.","news_type":1},"isVote":1,"tweetType":1,"viewCount":39,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3578957745184735","authorId":"3578957745184735","name":"Ryanlmh","avatar":"https://static.tigerbbs.com/324c4246e253d95bc0bd401464a399c1","crmLevel":4,"crmLevelSwitch":1},"content":"Like & comments as well","text":"Like & comments as well","html":"Like & comments as well"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987305537,"gmtCreate":1667811638530,"gmtModify":1676537967286,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$</a>gm im uk uk uk uk uk hmm hmm yum yh if gf yh hmm","listText":"<a href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$</a>gm im uk uk uk uk uk hmm hmm yum yh if gf yh hmm","text":"$Tencent Music(TME)$gm im uk uk uk uk uk hmm hmm yum yh if gf yh hmm","images":[{"img":"https://community-static.tradeup.com/news/fc77431615bdf118063b79ac5a6b2adc","width":"1242","height":"2448"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9987305537","isVote":1,"tweetType":1,"viewCount":226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9062336628,"gmtCreate":1652000732664,"gmtModify":1676535012084,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"&nbsp;lol","listText":"&nbsp;lol","text":"lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062336628","repostId":"1131831539","repostType":4,"repost":{"id":"1131831539","pubTimestamp":1651980653,"share":"https://www.laohu8.com/m/news/1131831539?lang=&edition=full","pubTime":"2022-05-08 11:30","market":"us","language":"en","title":"Tesla: Overvalued By 85.26% And Not A Technology Company","url":"https://stock-news.laohu8.com/highlight/detail?id=1131831539","media":"Seeking Alpha","summary":"SummaryMake no mistake, Tesla is a phenomenal company that has accomplished the unthinkable as it broke through extreme barriers of entry to disrupt the auto industry.Just because Tesla is a successfu","content":"<html><head></head><body><p>Summary</p><ul><li>Make no mistake, Tesla is a phenomenal company that has accomplished the unthinkable as it broke through extreme barriers of entry to disrupt the auto industry.</li><li>Just because Tesla is a successful company that is causing automotive titans to change from combustible engines to EVs doesn&#39;t mean Tesla&#39;s stock is a good investment today.</li><li>100% of gross profit and net income is generated from the automotive sector as Tesla&#39;s other businesses lose money, making them an automobile manufacturing company, not a technology company.</li><li>I compared Tesla&#39;s metrics to the auto industry and big tech and the results are the same, Tesla&#39;s valuation is egregious.</li></ul><p>It&#39;s rare to find companies that have cult-like followings with loyalists willing to pay any price for its stock. The debate regarding Tesla, Inc.&#39;s (NASDAQ:TSLA) valuation continues to be a topic of conversation between the bulls and the bears. Oneside argues that TSLA&#39;s financial growth and future prospects, including FSD, insurance, and robotaxis, justify the current $902.12 billion valuations, while others argue that the current financials and cult-like following have led to a massive overvaluation in TSLA&#39;s stock.</p><p>I tip my hat to Elon Musk, as his accomplishments are second to none. When others called him crazy, Mr. Musk chose one of the hardest industries to compete in, started TSLA from the ground up, went to battle against the auto manufacturers, and succeeded. TSLA is one of the rare success stories that has truly shaped an industry, and the barriers of entry that were overcome are astonishing. TSLA didn&#39;t have the capital, manufacturing, credibility, or the infrastructure that its competitors did, yet they found a way to succeed. If the odds weren&#39;t enough which TSLA faced, they accomplished their goals without a combustible engine and pioneered an entirely new sector within the automotive industry.</p><p>Just because TSLA is a great company, it doesn&#39;t mean TSLA has a great stock, or it isn&#39;t overvalued. I am not bearish on TSLA the company because I believe they still have a long runway of growth ahead of them, but I am bearish on the valuation. Prior to leaving a comment on why I am wrong, please read the article and think about the metrics I am citing; then, I will happily discuss any viewpoints about the analysis.</p><p><b>Tesla Vs. The World In The Automotive Sector</b></p><p>It feels like TSLA vs. the world whenever TSLA is discussed. Discussing who makes a better automobile is a matter of opinion, and everyone is correct because it&#39;s their opinion. If person A thinks TSLA makes the best car and person B thinks Mercedes Benz makes the best car, they are both correct. Debating over this is pointless, so let&#39;s look at the raw numbers.</p><p>TSLA has a larger market cap than the combination ofToyota(TM),Volkswagen(OTCPK:VWAGY),Daimler(OTCPK:DDAIF),BMW(OTCPK:BMWYY),General Motors(GM),Ford(F),Honda(HMC),Ferrari(RACE),Nissan(OTCPK:NSANY),Subaru(OTCPK:FUJHY),Volvo(OTCPK:VOLAF), andMazda(OTCPK:MZDAY). TSLA&#39;s market cap is currently $986.92 billion, while the combination of these 12 companies is $777.41 billion.</p><p><img src=\"https://static.tigerbbs.com/ff930d2442bf282c1bd880cca408eb94\" tg-width=\"640\" tg-height=\"327\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo</p><p>The P/S ratio is often cited to justify the valuation. The combination of TM, VWAGY, DDAIF, BMWYY, GM, F, HMC, RACE, NSANY, FUJHY, VOLAF, and MZDAY has generated $1.38 trillion in revenue over the TTM, putting their P/S at 0.56, while TSLA has generated $62.19 billion in revenue and has a 15.87 P/S.</p><p><img src=\"https://static.tigerbbs.com/c9b9661fde232925a758c38fd2e93f36\" tg-width=\"640\" tg-height=\"330\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>As a combined entity, these 12 companies have generated $118.29 billion in net income, while TSLA has produced $8.4 billion.</p><p><img src=\"https://static.tigerbbs.com/d25806eb839eb9ca2b4ef3c24218048c\" tg-width=\"640\" tg-height=\"330\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>TSLA is a great company, but its current valuation has become overly inflated. TSLA&#39;s market cap is $209.52 billion larger than these 12 auto manufacturers, yet the combination of the 12 auto manufacturers generates $1.32 trillion more in revenue and $109.89 billion more in net income.</p><p><img src=\"https://static.tigerbbs.com/a1b686de4009ca733ff9651ce0d9fcaf\" tg-width=\"640\" tg-height=\"348\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>Looking at the market caps, one would assume that TSLA has a dominant majority over its competitors in auto sales within the U.S. According to the2021 data, TSLA sold 2.02% of all vehicles in the U.S. TSLA&#39;s market cap reflects a level of dominance that is non-existent.</p><p>Realistically, TSLA will have a hard time disrupting the sector further due to the price point of their vehicles. The reality is that, unless TSLA can sell a car that rivals a Honda or Toyota, doubling its market share is going to be a daunting task. It&#39;s just math. TSLA doesn&#39;t have a product for the masses, and while it may continue to grow in the luxury segment, the amount of growth that can be achieved is limited due to the pricing power of the consumer.</p><p><img src=\"https://static.tigerbbs.com/442ffe151dd83bc524785857925f9797\" tg-width=\"640\" tg-height=\"227\" referrerpolicy=\"no-referrer\"/></p><p>www.goodcarbadcar.net</p><p><b>Tesla Isn&#39;t A Technology Company And Shouldn&#39;t Be Valued As One</b></p><p>The valuation rebuttal has always been that TSLA isn&#39;t an automobile company, rather, it&#39;s a technology company.</p><p><img src=\"https://static.tigerbbs.com/bbc9ccb2cb8a0e7d40804db24e183214\" tg-width=\"640\" tg-height=\"341\" referrerpolicy=\"no-referrer\"/></p><p>Tesla</p><p>Page 23 ofTSLA&#39;s Q1 2022 slide deck from their earnings call is their statement of operations. Once again, 100% of TSLA&#39;s gross profit and net income are derived from automobiles. Energy generation and storage lose money as it generates $616 million in revenue while the cost of this revenue is $688 million. The same goes for Services and others, as this segment generates $1.279 billion in revenue while the cost of this revenue is $1.286 billion. This doesn&#39;t even factor in operating expenses.</p><p>TSLA manufacturers state of the art automobiles, but this doesn&#39;t classify them as a technology company, nor should they be classified as one. Since this is always the rebuttal and technology companies trade at larger earnings multiples, I will compare TSLA to Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOG) (GOOGL), and Meta Platforms (FB) and illustrate why TSLA is still drastically overvalued if the market was still to provide it with a tech multiple.</p><p>Prior to the comparisons, I want to frame the analysis by providing each company&#39;s market cap:</p><ul><li>AAPL $2.69 Trillion</li><li>MSFT $2.17 Trillion</li><li>GOOGL $1.62 Trillion</li><li>AMZN $1.28 Trillion</li><li>TSLA $986.92 Billion</li><li>FB $604.62 Billion</li></ul><p>I am going to start with growth because this is always the key metric bulls point out. Since the close of 2018, which is 3.25 fiscal years, TSLA has grown its revenue from $21.46 billion to $62.19 billion.</p><p>This is absolutely remarkable, but it doesn&#39;t place TSLA in the upper epsilon of technology companies. Over the same period, FB grew its revenue by $63.83 billion, which is more than what TSLA produced in the TTM. FB grew its revenue by more than what TSLA produces and generates just about double the revenue ($119.67 billion), yet TSLA has a larger market cap. For everyone who has used growth as their investment premise, FB having a market cap that&#39;s $382.30 less than TSLA nullifies that aspect of the bull thesis. AMZN&#39;s market cap is only $294.33 billion larger than TSLA, yet they generated $477.75 billion in revenue and grew their revenue by $341.76 billion in this period. Using revenue growth for TSLA doesn&#39;t support the valuation.</p><p><img src=\"https://static.tigerbbs.com/3c0fbd4eb93f026c4575ee8f77f53e4b\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>Next, I will turn to profits because, at the end of the day, businesses are in the business of making money. Once again, TSLA has done a fantastic job of monetizing its business and, in 3.25 short years, has gone from losing -$976 million to make $8.4 billion in the TTM for an increase of $9.38 billion. FB has produced $37.34 billion in profit in the TTM, and its net income grew by $15.23 billion over this period. Using growth doesn&#39;t support the valuation when FB has a market cap that&#39;s $382.30 less than TSLA and grew its profits in this period by almost double what TSLA has generated in the TTM.</p><p><img src=\"https://static.tigerbbs.com/c9716477607711ee0b6d4f77eb24c890\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>The new metric bulls are using in their thesis is TSLA&#39;s free cash flow (FCF). Once again, TSLA has done an excellent job, going from -$221 million of FCF in 2018 to $6.93 billion of FCF in the TTM. Many companies would love to grow their annual FCF by $7.15 billion over a 3.25-year period, and this should be applauded.</p><p>Let&#39;s look at FB once again, since TSLA&#39;s valuation isn&#39;t based on its core segment as an automobile manufacturer. FB has grown its FCF over the previous 3.25 years by $23.45 billion, more than 3x TSLA&#39;s growth, and has generated $39.81 billion of FCF in the TTM. FB generated roughly 5.75x more FCF than TSLA and grew its FCF by more than 3x what TSLA produces, yet FB has a market cap that&#39;s almost $400 billion less than TSLA. Growth within the financials does not support TSLA&#39;s valuation, which is a breath away from $1 trillion.</p><p><img src=\"https://static.tigerbbs.com/902a7074eda9e8f2f2765e0833423d2c\" tg-width=\"640\" tg-height=\"373\" referrerpolicy=\"no-referrer\"/></p><p>Steven Fiorillo, Seeking Alpha</p><p>Today you&#39;re paying a 113.81 P/E for TSLA. Paying a larger multiple for a company that&#39;s growing its earnings quickly is normal, but TSLA isn&#39;t growing by larger amounts than FB, and FB trades at a 16.66 P/E. I have seen TSLA bulls justify the P/E because of TSLA&#39;s growth factor, but this doesn&#39;t hold up when FB has grown by larger amounts from larger starting positions and has a P/E that&#39;s a fraction of TSLA. Look at AAPL, which is the largest company in the world. AAPL has grown its net income by $56.25 billion and its FCF by $52.3 billion over the past 3.25 years, and its P/E is 26.78. People are blindly paying any multiple the market places on TSLA.</p><p><img src=\"https://static.tigerbbs.com/75168f6e39ced721cf0c53d78481a983\" tg-width=\"614\" tg-height=\"335\" referrerpolicy=\"no-referrer\"/>TSLA is trading at a 15.38 P/S. The justification for this multiple is difficult to defend while AMZN trades at a P/S of 11.31. AMZN&#39;s revenue grew by $341.76 billion over the past 3.25 years while TSLA grew their revenue by $40.73 billion. Instead of an absolute basis, looking at this from a percentage aspect, TSLA grew its revenue by 189.78%, while AMZN&#39;s grew by 251.32%. The P/S ratio is not a supporting valuation metric as TSLA is trading at a larger multiple than AMZN yet produced $301.03 billion less in revenue growth compared to AMZN. At the very least, TSLA should trade at a lower P/S multiple than AMZN considering their revenue growth was a fraction of AMZN&#39;s.</p><p><img src=\"https://static.tigerbbs.com/aad00a6c490808962705a1a2dae45cfe\" tg-width=\"608\" tg-height=\"338\" referrerpolicy=\"no-referrer\"/>TSLA has done an excellent job monetizing its revenue, delivering exceptional margins, and generating FCF. Now that TSLA is generating billions in FCF, it&#39;s been inserted into the bull thesis. FCF is a measure of profitability that excludes the non-cash expenses of the income statement and includes spending on equipment and assets as well as changes in working capital from the balance sheet. FCF could be the most underrated and most important financial metric to look at, as this is the pool of capital that companies can utilize to repay debt, pay dividends, buy back shares, make acquisitions, or reinvest in the business.</p><p>Every investment is the present value of all future cash flow. This is why investors look at the price to FCF valuation. Investors want to pay the cheapest multiple for a company&#39;s FCF. Today, you&#39;re paying 142.52x TSLA&#39;s FCF. Going back to the FCF section, TSLA grew its FCF by $7.15 billion over the past 3.25 years. FB generated $23.45 billion of FCF in this period, which is 3x the amount TSLA grew, yet FB is trading at a 15.19x multiple on price to FCF.</p><p>Why on earth would you want to pay 142.52x for TSLA&#39;s FCF when you could pay 15.19x for FB, which is growing their FCF by more than 3x the amount that TSLA is growing by? How about AAPL? AAPL grew its FCF by $52.3 billion and trades at a 25.4x price to FCF. If I exclude FB for a moment, should TSLA trade at a larger FCF multiple than GOOGL, which has grown its FCF by $46.15 billion over the past 3.25 years? My answer is no because there is no guarantee that TSLA will ever generate $46.15 billion in annual FCF, let alone the $68.99 billion in FCF that GOOGL generates.</p><p>So what is a fair price to FCF multiple for TSLA? I don&#39;t believe TSLA has earned the right to trade at the same multiples as the rest of big tech considering the levels of FCF they produce. If I stick with the methodology that FB is egregiously undervalued, then TSLA should trade above 15.19x its FCF but lower than the 23.42x multiple GOOGL trades at.</p><p>I don&#39;t want to be overly bearish, so I will place a 21x multiple on TSLA&#39;s FCF, which is more than fair considering big tech metrics. A 21x multiple on TSLA&#39;s FCF puts its market cap at $145.43 billion, which is -85.26% from its current market cap of $986.92 billion. It&#39;s just math, and if TSLA is going to be valued as a technology company, it needs to be compared to the technology companies with similar market caps.</p><p>At the very least, there isn&#39;t a single reason why TSLA&#39;s market cap is larger than FB&#39;s. There isn&#39;t a single metric that TSLA beats FB in. Based on FB&#39;s valuation, if TSLA traded at the same FCF multiple, it would have a market cap of $105.19 billion.</p><p><img src=\"https://static.tigerbbs.com/b81a61d60d9ec098276569cc4a501da0\" tg-width=\"627\" tg-height=\"341\" referrerpolicy=\"no-referrer\"/>TSLA has a gross profit margin of 27.1% ($16.85b / $62.19b) and a profit margin of 13.51% ($8.4b / $62.19b). FB has a gross profit margin of 80.34% ($96.14b / $119.67b) and a profit margin of 31.2% ($37.34b / $119.67b). FB has much wider margins and is growing its revenue by larger amounts. This reinforces my methodology as to why TSLA is grossly overvalued. GOOGL has a gross profit margin of 56.93% ($153.9b / $270.33b) and a profit margin of 27.57% ($74.54b / $270.33b).</p><p>The chances are incredibly slim that TSLA can double its profit margin to be within striking distance of GOOGL&#39;s. TSLA should not trade at a larger FCF, P/E, or P/S multiple than FB or GOOGL. While the market would indicate that I am wrong today, eventually, the hype will wear off, and TSLA will trade at a realistic valuation.</p><p><b>TSLA&#39;s Future Catalysts Have A Long Way To Go Before Impacting Its Bottom Line</b></p><p>There are three main catalysts people discuss, which include insurance, robotaxis, and FSD.TSLA offers insurance using real-time driving behavior. This is currently available to all Model S, Model 3, Model X, and Model Y owners. The catch is that it&#39;s only available in Arizona, Colorado, Illinois, Ohio, Oregon, Texas, and Virginia as of now.</p><p>TSLA uses a safety rating score to determine the monthly premium for its vehicles. At the largest premium of $130/mo, this would be $1,560 per year. If TSLA converted 100% of their U.S sales in 2021 as an insurance customer, which I think could be possible if TSLA insurance was available in every state, it would have generated $471.12 million in revenue.</p><p>We have no idea what the margins would have been, but if the margin was 50%, it would have been an additional $235.56 million in net income in 2021. While this is nothing to sneeze at, an additional $235.56 million in net income hardly moves the needle. This could be a $1 billion top-line revenue segment in the future, but with availability in only 7 states, insurance&#39;s $1 billion revenue mark is a long way away.</p><p><img src=\"https://static.tigerbbs.com/e86de6232b9abf7cee46a9607eb09741\" tg-width=\"640\" tg-height=\"326\" referrerpolicy=\"no-referrer\"/></p><p>Tesla</p><p>Next,FSD, for which TSLA has created two subscription models, a $99/mo price point and a $199/mo price point. The problem with FSD is that it doesn&#39;t make the vehicle fully autonomous, and you still need a driver to be attentive and alert. While I am not arguing that TSLA&#39;s FSD isn&#39;t leaps and bounds ahead of the competition, the problem is that it&#39;s not exactly a self-driving car.</p><p>The questions around legality and where you can use it pop into my head, and how many of TSLA&#39;s drivers opt for this upgrade. Until there is clear legislation and the technology advances to where vehicles can fully drive a person from point A to B while that person takes a nap or reads, I have a hard time believing enough TSLA owners will spend the extra $199/mo on FSD. If there is somewhere where TSLA produces the numbers about how many owners opt for this package, please let me know, and I will crunch the numbers.</p><p>Which Features Come With My Subscription?</p><blockquote>The FSD capability features you receive are based on your configuration and location. Not all features are available in all markets, and features are subject to change.Learn more about Autopilot and Full Self-Driving capability features.</blockquote><blockquote><i>Note: These features are designed to become more capable over time; however the currently enabled features do not make the vehicle autonomous. The currently enabled features require a fully attentive driver, who has their hands on the wheel and is prepared to take over at any moment.</i></blockquote><p>The last catalyst is Robotaxis which many have commented on in my articles before. We&#39;re so far off on Robotaxis that this can&#39;t be considered in TSLA&#39;s upcoming revenue. I would think major legislation would be needed for Robotaxis to exist, and there is no telling how many years away we are from this.</p><p>Also, what is the percentage of TSLA owners that would actually allow their vehicle to be used as a Robotaxi? Depending on what the profitability is, I can see people buying TSLAs to enroll them in this program, but, once again, we need to see the economics behind it. I know I am just one opinion, but I would never enroll one of my cars into a robotaxi program because I don&#39;t want other people that I don&#39;t know in my car. I would think there are many others that have similar viewpoints.</p><p>The real upcoming catalysts are future revenue growth and entering the Chinese market. In 2021 TSLA grew its YoY revenue by 70.67%, and their off to a great start after Q1 2022. Only time will tell what type of growth rate TSLA can maintain, but too many people are assuming that TSLA will obliterate the competition. Over the next several years, we could see TSLA&#39;s growth rate become significantly reduced as more luxury operators put EVs on the road.</p><p>At TSLA&#39;s current margins, they would need to increase their revenue by 444.55% to $276.47 billion to produce the same amount of net income ($37.34b) that FB produces today at their current 13.51% profit margin. Maybe TSLA can get there in the future, but why should TSLA be valued at almost $1 trillion today, considering not a single metric of theirs is similar to FB or GOOGL, and TSLA&#39;s growth across any of the sectors isn&#39;t larger than FB or GOOGL?</p><p><b>Tesla Continues To Dilute Shareholders, And Almost No Shareholders Care</b></p><p>Dilution kills shareholder value. Look, I am a shareholder of TSLA, and I hate that my shares continue to be diluted. These numbers are split-adjusted that I am using. Over the past decade,TSLA has diluted its shares by 80.93%. This is horrible compared to big tech, yet investors can&#39;t buy enough TSLA shares. TSLA finished 2012 with 572.6 million shares and, as of its last filing, had increased its outstanding shares to 1.036 billion shares.</p><p>This is the equivalent of me taking a pizza, and instead of giving you a slice, cutting another 6.5 slices, then giving you one. The pizza represents TSLA, the company, and they basically turned an 8-slice pie into a 14.5-slice pie, reducing shareholder&#39;s ownership and the amount of equity, revenue, and EPS our shares represent.</p><p>If you want to see what a true shepherd of shareholder value looks like, turn to AAPL. In 2012 AAPL had 26.3 billion shares outstanding. Over the past decade, AAPL has repurchased 10.09 billion shares, reducing its outstanding shares by 38.37%. Every quarter, AAPL is buying back shares and increasing the ownership its shares represent. TSLA, on the other hand, continues to dilute shareholders by increasing shares YOY.</p><p><b>I Could Be Completely Wrong, And Tesla Could Continue Growing At These Rates</b></p><p>TSLA&#39;s vehicle deliveries continue to outpace its growing production. YoY TSLA&#39;s deliveries increased by 68% in Q1, adding 125,171 delivered vehicles to its customers. TSLA just began Model Y deliveries from the Austin facility, and production at the Gigafactory in Berlin started in March of 2022. TSLA&#39;s Shanghai facility had strong production rates prior to the spike in COVID that resulted in temporary shutdowns. TSLA isn&#39;t just focusing on the U.S, they have Europe and China in their sights.</p><p>EVs accounted for 488,000 sales in the U.S for 2021, and the previous projection was that EVs would account for 670,000 units sold in 2022. Oil has hovered around $100 per barrel and could render the previous projections of 37% increased EV sales domestically for 2022 conservative. TSLA is in a prime position to capitalize on this trend. In 2021 TSLA vehicles accounted for 61.89% of EVs sold in the U.S (301,998 / 488,000).</p><p>Hypothetically, if the previous projection of 670,000 EV sales for 2022 is accurate and TSLA maintains its current margin, they would sell 414,628 vehicles throughout the U.S in 2022. If gas prices do alter the decision-making process when deciding between a combustible engine or an EV, then TSLA could continue surprising the market with QoQ earnings beats.</p><p>The U.S has a national goal of reaching 50% of domestic auto sales coming from EVs. In 2021, EVs accounted for 3.26% of total sales in the U.S auto market. Based on U.S auto sales in 2021, annual EV sales would need to grow by 6,989,403 to reach a 50% EV to combustible engine ratio. Hypothetically if U.S auto sales stayed flat but EVs reached 50% of the market in 2030 they would sell 7,477,403 vehicles. If TSLA&#39;s dominance in the EV sector was to drop from 61.89% to 15% due to increased competition, they would generate 1,121,610 in sales compared to 301,998 in 2021. When you add in Europe and China, TSLA certainly has the ability to become a top auto manufacturer by sales next decade.</p><p>Bulls aren&#39;t incorrect to be excited about TSLA. The world is moving toward EVs, and TSLA is the crème de la crème. As I said in the beginning, I am bullish about TSLA&#39;s future prospects, but I think the valuation today is overinflated. Nobody can predict the future, but I have no doubt that TSLA will continue to grow its sales YoY.</p><p>The question becomes, how much growth will they be able to achieve YoY? In 2021, TM generated $226.48 billion of revenue and, based on the future of EVs, TSLA certainly could achieve this level of revenue in the future. Based on TSLA&#39;s current 13.51% profit margin, if they achieved TM&#39;s level of revenue, they would generate $30.59 billion of net income, which would definitely make today&#39;s valuation look more realistic.</p><p><img src=\"https://static.tigerbbs.com/93c9176fa9bebc2c940e038cafd23229\" tg-width=\"603\" tg-height=\"631\" referrerpolicy=\"no-referrer\"/></p><p>Tesla</p><p><b>Conclusion</b></p><p>You&#39;re probably wondering how I can be a shareholder and be a bear on TSLA&#39;s valuation at the same time. It&#39;s simple; my wife bought shares of TSLA, which makes me a shareholder. My stance has always been bullish on the company and bearish on the valuation. What Elon Musk and the team at TSLA has accomplished is astonishing, and they deserve nothing but respect.</p><p>Keep in mind a company and a company&#39;s stock are two separate things. TSLA continues to dilute shareholders, and they and the market are valuing TSLA as if it&#39;s FB or GOOGL. TSLA is not a technology company; it&#39;s an automobile company, as the automotive segments drive 100% of its gross revenue and net income.</p><p>TSLA is trading at a P/E of 113.81, a P/S of 15.38, and a 142.52x multiple on its FCF. The numbers are drastically inflated as TSLA has no business trading at a larger P/S multiple than AMZN, which trades at 11.31 P/S when it has grown its revenue by $341.76 billion over the previous 3.25 years compared to TSLA&#39;s $40.73 billion of revenue growth. TSLA has generated $6.93 billion in FCF over the TTM, while Mr. Market has placed a 142.52x multiple on TSLA due to $7.15 billion FCF growth over the past 3.25 years. FB trades at a 15.19x FCF multiple while growing FCF by $23.45 billion over this period which is more than 3x what TSLA has generated in the TTM.</p><p>With FB trading at 15.19x FCF, GOOGL at 23.42x FCF, and AAPL at 25.4x FCF, it&#39;s hard to justify any number above 20x for TSLA. I think a 21x FCF multiple is generous and that places TSLA at a market cap of $145.43 billion, which is -85.26% from its current market cap of $986.92 billion.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla: Overvalued By 85.26% And Not A Technology Company</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\">\nTesla: Overvalued By 85.26% And Not A Technology Company\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-08 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4507535-tesla-overvalued-by-85-26-percent-and-not-a-technology-company><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryMake no mistake, Tesla is a phenomenal company that has accomplished the unthinkable as it broke through extreme barriers of entry to disrupt the auto industry.Just because Tesla is a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4507535-tesla-overvalued-by-85-26-percent-and-not-a-technology-company\">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"},"source_url":"https://seekingalpha.com/article/4507535-tesla-overvalued-by-85-26-percent-and-not-a-technology-company","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131831539","content_text":"SummaryMake no mistake, Tesla is a phenomenal company that has accomplished the unthinkable as it broke through extreme barriers of entry to disrupt the auto industry.Just because Tesla is a successful company that is causing automotive titans to change from combustible engines to EVs doesn't mean Tesla's stock is a good investment today.100% of gross profit and net income is generated from the automotive sector as Tesla's other businesses lose money, making them an automobile manufacturing company, not a technology company.I compared Tesla's metrics to the auto industry and big tech and the results are the same, Tesla's valuation is egregious.It's rare to find companies that have cult-like followings with loyalists willing to pay any price for its stock. The debate regarding Tesla, Inc.'s (NASDAQ:TSLA) valuation continues to be a topic of conversation between the bulls and the bears. Oneside argues that TSLA's financial growth and future prospects, including FSD, insurance, and robotaxis, justify the current $902.12 billion valuations, while others argue that the current financials and cult-like following have led to a massive overvaluation in TSLA's stock.I tip my hat to Elon Musk, as his accomplishments are second to none. When others called him crazy, Mr. Musk chose one of the hardest industries to compete in, started TSLA from the ground up, went to battle against the auto manufacturers, and succeeded. TSLA is one of the rare success stories that has truly shaped an industry, and the barriers of entry that were overcome are astonishing. TSLA didn't have the capital, manufacturing, credibility, or the infrastructure that its competitors did, yet they found a way to succeed. If the odds weren't enough which TSLA faced, they accomplished their goals without a combustible engine and pioneered an entirely new sector within the automotive industry.Just because TSLA is a great company, it doesn't mean TSLA has a great stock, or it isn't overvalued. I am not bearish on TSLA the company because I believe they still have a long runway of growth ahead of them, but I am bearish on the valuation. Prior to leaving a comment on why I am wrong, please read the article and think about the metrics I am citing; then, I will happily discuss any viewpoints about the analysis.Tesla Vs. The World In The Automotive SectorIt feels like TSLA vs. the world whenever TSLA is discussed. Discussing who makes a better automobile is a matter of opinion, and everyone is correct because it's their opinion. If person A thinks TSLA makes the best car and person B thinks Mercedes Benz makes the best car, they are both correct. Debating over this is pointless, so let's look at the raw numbers.TSLA has a larger market cap than the combination ofToyota(TM),Volkswagen(OTCPK:VWAGY),Daimler(OTCPK:DDAIF),BMW(OTCPK:BMWYY),General Motors(GM),Ford(F),Honda(HMC),Ferrari(RACE),Nissan(OTCPK:NSANY),Subaru(OTCPK:FUJHY),Volvo(OTCPK:VOLAF), andMazda(OTCPK:MZDAY). TSLA's market cap is currently $986.92 billion, while the combination of these 12 companies is $777.41 billion.Steven FiorilloThe P/S ratio is often cited to justify the valuation. The combination of TM, VWAGY, DDAIF, BMWYY, GM, F, HMC, RACE, NSANY, FUJHY, VOLAF, and MZDAY has generated $1.38 trillion in revenue over the TTM, putting their P/S at 0.56, while TSLA has generated $62.19 billion in revenue and has a 15.87 P/S.Steven Fiorillo, Seeking AlphaAs a combined entity, these 12 companies have generated $118.29 billion in net income, while TSLA has produced $8.4 billion.Steven Fiorillo, Seeking AlphaTSLA is a great company, but its current valuation has become overly inflated. TSLA's market cap is $209.52 billion larger than these 12 auto manufacturers, yet the combination of the 12 auto manufacturers generates $1.32 trillion more in revenue and $109.89 billion more in net income.Steven Fiorillo, Seeking AlphaLooking at the market caps, one would assume that TSLA has a dominant majority over its competitors in auto sales within the U.S. According to the2021 data, TSLA sold 2.02% of all vehicles in the U.S. TSLA's market cap reflects a level of dominance that is non-existent.Realistically, TSLA will have a hard time disrupting the sector further due to the price point of their vehicles. The reality is that, unless TSLA can sell a car that rivals a Honda or Toyota, doubling its market share is going to be a daunting task. It's just math. TSLA doesn't have a product for the masses, and while it may continue to grow in the luxury segment, the amount of growth that can be achieved is limited due to the pricing power of the consumer.www.goodcarbadcar.netTesla Isn't A Technology Company And Shouldn't Be Valued As OneThe valuation rebuttal has always been that TSLA isn't an automobile company, rather, it's a technology company.TeslaPage 23 ofTSLA's Q1 2022 slide deck from their earnings call is their statement of operations. Once again, 100% of TSLA's gross profit and net income are derived from automobiles. Energy generation and storage lose money as it generates $616 million in revenue while the cost of this revenue is $688 million. The same goes for Services and others, as this segment generates $1.279 billion in revenue while the cost of this revenue is $1.286 billion. This doesn't even factor in operating expenses.TSLA manufacturers state of the art automobiles, but this doesn't classify them as a technology company, nor should they be classified as one. Since this is always the rebuttal and technology companies trade at larger earnings multiples, I will compare TSLA to Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOG) (GOOGL), and Meta Platforms (FB) and illustrate why TSLA is still drastically overvalued if the market was still to provide it with a tech multiple.Prior to the comparisons, I want to frame the analysis by providing each company's market cap:AAPL $2.69 TrillionMSFT $2.17 TrillionGOOGL $1.62 TrillionAMZN $1.28 TrillionTSLA $986.92 BillionFB $604.62 BillionI am going to start with growth because this is always the key metric bulls point out. Since the close of 2018, which is 3.25 fiscal years, TSLA has grown its revenue from $21.46 billion to $62.19 billion.This is absolutely remarkable, but it doesn't place TSLA in the upper epsilon of technology companies. Over the same period, FB grew its revenue by $63.83 billion, which is more than what TSLA produced in the TTM. FB grew its revenue by more than what TSLA produces and generates just about double the revenue ($119.67 billion), yet TSLA has a larger market cap. For everyone who has used growth as their investment premise, FB having a market cap that's $382.30 less than TSLA nullifies that aspect of the bull thesis. AMZN's market cap is only $294.33 billion larger than TSLA, yet they generated $477.75 billion in revenue and grew their revenue by $341.76 billion in this period. Using revenue growth for TSLA doesn't support the valuation.Steven Fiorillo, Seeking AlphaNext, I will turn to profits because, at the end of the day, businesses are in the business of making money. Once again, TSLA has done a fantastic job of monetizing its business and, in 3.25 short years, has gone from losing -$976 million to make $8.4 billion in the TTM for an increase of $9.38 billion. FB has produced $37.34 billion in profit in the TTM, and its net income grew by $15.23 billion over this period. Using growth doesn't support the valuation when FB has a market cap that's $382.30 less than TSLA and grew its profits in this period by almost double what TSLA has generated in the TTM.Steven Fiorillo, Seeking AlphaThe new metric bulls are using in their thesis is TSLA's free cash flow (FCF). Once again, TSLA has done an excellent job, going from -$221 million of FCF in 2018 to $6.93 billion of FCF in the TTM. Many companies would love to grow their annual FCF by $7.15 billion over a 3.25-year period, and this should be applauded.Let's look at FB once again, since TSLA's valuation isn't based on its core segment as an automobile manufacturer. FB has grown its FCF over the previous 3.25 years by $23.45 billion, more than 3x TSLA's growth, and has generated $39.81 billion of FCF in the TTM. FB generated roughly 5.75x more FCF than TSLA and grew its FCF by more than 3x what TSLA produces, yet FB has a market cap that's almost $400 billion less than TSLA. Growth within the financials does not support TSLA's valuation, which is a breath away from $1 trillion.Steven Fiorillo, Seeking AlphaToday you're paying a 113.81 P/E for TSLA. Paying a larger multiple for a company that's growing its earnings quickly is normal, but TSLA isn't growing by larger amounts than FB, and FB trades at a 16.66 P/E. I have seen TSLA bulls justify the P/E because of TSLA's growth factor, but this doesn't hold up when FB has grown by larger amounts from larger starting positions and has a P/E that's a fraction of TSLA. Look at AAPL, which is the largest company in the world. AAPL has grown its net income by $56.25 billion and its FCF by $52.3 billion over the past 3.25 years, and its P/E is 26.78. People are blindly paying any multiple the market places on TSLA.TSLA is trading at a 15.38 P/S. The justification for this multiple is difficult to defend while AMZN trades at a P/S of 11.31. AMZN's revenue grew by $341.76 billion over the past 3.25 years while TSLA grew their revenue by $40.73 billion. Instead of an absolute basis, looking at this from a percentage aspect, TSLA grew its revenue by 189.78%, while AMZN's grew by 251.32%. The P/S ratio is not a supporting valuation metric as TSLA is trading at a larger multiple than AMZN yet produced $301.03 billion less in revenue growth compared to AMZN. At the very least, TSLA should trade at a lower P/S multiple than AMZN considering their revenue growth was a fraction of AMZN's.TSLA has done an excellent job monetizing its revenue, delivering exceptional margins, and generating FCF. Now that TSLA is generating billions in FCF, it's been inserted into the bull thesis. FCF is a measure of profitability that excludes the non-cash expenses of the income statement and includes spending on equipment and assets as well as changes in working capital from the balance sheet. FCF could be the most underrated and most important financial metric to look at, as this is the pool of capital that companies can utilize to repay debt, pay dividends, buy back shares, make acquisitions, or reinvest in the business.Every investment is the present value of all future cash flow. This is why investors look at the price to FCF valuation. Investors want to pay the cheapest multiple for a company's FCF. Today, you're paying 142.52x TSLA's FCF. Going back to the FCF section, TSLA grew its FCF by $7.15 billion over the past 3.25 years. FB generated $23.45 billion of FCF in this period, which is 3x the amount TSLA grew, yet FB is trading at a 15.19x multiple on price to FCF.Why on earth would you want to pay 142.52x for TSLA's FCF when you could pay 15.19x for FB, which is growing their FCF by more than 3x the amount that TSLA is growing by? How about AAPL? AAPL grew its FCF by $52.3 billion and trades at a 25.4x price to FCF. If I exclude FB for a moment, should TSLA trade at a larger FCF multiple than GOOGL, which has grown its FCF by $46.15 billion over the past 3.25 years? My answer is no because there is no guarantee that TSLA will ever generate $46.15 billion in annual FCF, let alone the $68.99 billion in FCF that GOOGL generates.So what is a fair price to FCF multiple for TSLA? I don't believe TSLA has earned the right to trade at the same multiples as the rest of big tech considering the levels of FCF they produce. If I stick with the methodology that FB is egregiously undervalued, then TSLA should trade above 15.19x its FCF but lower than the 23.42x multiple GOOGL trades at.I don't want to be overly bearish, so I will place a 21x multiple on TSLA's FCF, which is more than fair considering big tech metrics. A 21x multiple on TSLA's FCF puts its market cap at $145.43 billion, which is -85.26% from its current market cap of $986.92 billion. It's just math, and if TSLA is going to be valued as a technology company, it needs to be compared to the technology companies with similar market caps.At the very least, there isn't a single reason why TSLA's market cap is larger than FB's. There isn't a single metric that TSLA beats FB in. Based on FB's valuation, if TSLA traded at the same FCF multiple, it would have a market cap of $105.19 billion.TSLA has a gross profit margin of 27.1% ($16.85b / $62.19b) and a profit margin of 13.51% ($8.4b / $62.19b). FB has a gross profit margin of 80.34% ($96.14b / $119.67b) and a profit margin of 31.2% ($37.34b / $119.67b). FB has much wider margins and is growing its revenue by larger amounts. This reinforces my methodology as to why TSLA is grossly overvalued. GOOGL has a gross profit margin of 56.93% ($153.9b / $270.33b) and a profit margin of 27.57% ($74.54b / $270.33b).The chances are incredibly slim that TSLA can double its profit margin to be within striking distance of GOOGL's. TSLA should not trade at a larger FCF, P/E, or P/S multiple than FB or GOOGL. While the market would indicate that I am wrong today, eventually, the hype will wear off, and TSLA will trade at a realistic valuation.TSLA's Future Catalysts Have A Long Way To Go Before Impacting Its Bottom LineThere are three main catalysts people discuss, which include insurance, robotaxis, and FSD.TSLA offers insurance using real-time driving behavior. This is currently available to all Model S, Model 3, Model X, and Model Y owners. The catch is that it's only available in Arizona, Colorado, Illinois, Ohio, Oregon, Texas, and Virginia as of now.TSLA uses a safety rating score to determine the monthly premium for its vehicles. At the largest premium of $130/mo, this would be $1,560 per year. If TSLA converted 100% of their U.S sales in 2021 as an insurance customer, which I think could be possible if TSLA insurance was available in every state, it would have generated $471.12 million in revenue.We have no idea what the margins would have been, but if the margin was 50%, it would have been an additional $235.56 million in net income in 2021. While this is nothing to sneeze at, an additional $235.56 million in net income hardly moves the needle. This could be a $1 billion top-line revenue segment in the future, but with availability in only 7 states, insurance's $1 billion revenue mark is a long way away.TeslaNext,FSD, for which TSLA has created two subscription models, a $99/mo price point and a $199/mo price point. The problem with FSD is that it doesn't make the vehicle fully autonomous, and you still need a driver to be attentive and alert. While I am not arguing that TSLA's FSD isn't leaps and bounds ahead of the competition, the problem is that it's not exactly a self-driving car.The questions around legality and where you can use it pop into my head, and how many of TSLA's drivers opt for this upgrade. Until there is clear legislation and the technology advances to where vehicles can fully drive a person from point A to B while that person takes a nap or reads, I have a hard time believing enough TSLA owners will spend the extra $199/mo on FSD. If there is somewhere where TSLA produces the numbers about how many owners opt for this package, please let me know, and I will crunch the numbers.Which Features Come With My Subscription?The FSD capability features you receive are based on your configuration and location. Not all features are available in all markets, and features are subject to change.Learn more about Autopilot and Full Self-Driving capability features.Note: These features are designed to become more capable over time; however the currently enabled features do not make the vehicle autonomous. The currently enabled features require a fully attentive driver, who has their hands on the wheel and is prepared to take over at any moment.The last catalyst is Robotaxis which many have commented on in my articles before. We're so far off on Robotaxis that this can't be considered in TSLA's upcoming revenue. I would think major legislation would be needed for Robotaxis to exist, and there is no telling how many years away we are from this.Also, what is the percentage of TSLA owners that would actually allow their vehicle to be used as a Robotaxi? Depending on what the profitability is, I can see people buying TSLAs to enroll them in this program, but, once again, we need to see the economics behind it. I know I am just one opinion, but I would never enroll one of my cars into a robotaxi program because I don't want other people that I don't know in my car. I would think there are many others that have similar viewpoints.The real upcoming catalysts are future revenue growth and entering the Chinese market. In 2021 TSLA grew its YoY revenue by 70.67%, and their off to a great start after Q1 2022. Only time will tell what type of growth rate TSLA can maintain, but too many people are assuming that TSLA will obliterate the competition. Over the next several years, we could see TSLA's growth rate become significantly reduced as more luxury operators put EVs on the road.At TSLA's current margins, they would need to increase their revenue by 444.55% to $276.47 billion to produce the same amount of net income ($37.34b) that FB produces today at their current 13.51% profit margin. Maybe TSLA can get there in the future, but why should TSLA be valued at almost $1 trillion today, considering not a single metric of theirs is similar to FB or GOOGL, and TSLA's growth across any of the sectors isn't larger than FB or GOOGL?Tesla Continues To Dilute Shareholders, And Almost No Shareholders CareDilution kills shareholder value. Look, I am a shareholder of TSLA, and I hate that my shares continue to be diluted. These numbers are split-adjusted that I am using. Over the past decade,TSLA has diluted its shares by 80.93%. This is horrible compared to big tech, yet investors can't buy enough TSLA shares. TSLA finished 2012 with 572.6 million shares and, as of its last filing, had increased its outstanding shares to 1.036 billion shares.This is the equivalent of me taking a pizza, and instead of giving you a slice, cutting another 6.5 slices, then giving you one. The pizza represents TSLA, the company, and they basically turned an 8-slice pie into a 14.5-slice pie, reducing shareholder's ownership and the amount of equity, revenue, and EPS our shares represent.If you want to see what a true shepherd of shareholder value looks like, turn to AAPL. In 2012 AAPL had 26.3 billion shares outstanding. Over the past decade, AAPL has repurchased 10.09 billion shares, reducing its outstanding shares by 38.37%. Every quarter, AAPL is buying back shares and increasing the ownership its shares represent. TSLA, on the other hand, continues to dilute shareholders by increasing shares YOY.I Could Be Completely Wrong, And Tesla Could Continue Growing At These RatesTSLA's vehicle deliveries continue to outpace its growing production. YoY TSLA's deliveries increased by 68% in Q1, adding 125,171 delivered vehicles to its customers. TSLA just began Model Y deliveries from the Austin facility, and production at the Gigafactory in Berlin started in March of 2022. TSLA's Shanghai facility had strong production rates prior to the spike in COVID that resulted in temporary shutdowns. TSLA isn't just focusing on the U.S, they have Europe and China in their sights.EVs accounted for 488,000 sales in the U.S for 2021, and the previous projection was that EVs would account for 670,000 units sold in 2022. Oil has hovered around $100 per barrel and could render the previous projections of 37% increased EV sales domestically for 2022 conservative. TSLA is in a prime position to capitalize on this trend. In 2021 TSLA vehicles accounted for 61.89% of EVs sold in the U.S (301,998 / 488,000).Hypothetically, if the previous projection of 670,000 EV sales for 2022 is accurate and TSLA maintains its current margin, they would sell 414,628 vehicles throughout the U.S in 2022. If gas prices do alter the decision-making process when deciding between a combustible engine or an EV, then TSLA could continue surprising the market with QoQ earnings beats.The U.S has a national goal of reaching 50% of domestic auto sales coming from EVs. In 2021, EVs accounted for 3.26% of total sales in the U.S auto market. Based on U.S auto sales in 2021, annual EV sales would need to grow by 6,989,403 to reach a 50% EV to combustible engine ratio. Hypothetically if U.S auto sales stayed flat but EVs reached 50% of the market in 2030 they would sell 7,477,403 vehicles. If TSLA's dominance in the EV sector was to drop from 61.89% to 15% due to increased competition, they would generate 1,121,610 in sales compared to 301,998 in 2021. When you add in Europe and China, TSLA certainly has the ability to become a top auto manufacturer by sales next decade.Bulls aren't incorrect to be excited about TSLA. The world is moving toward EVs, and TSLA is the crème de la crème. As I said in the beginning, I am bullish about TSLA's future prospects, but I think the valuation today is overinflated. Nobody can predict the future, but I have no doubt that TSLA will continue to grow its sales YoY.The question becomes, how much growth will they be able to achieve YoY? In 2021, TM generated $226.48 billion of revenue and, based on the future of EVs, TSLA certainly could achieve this level of revenue in the future. Based on TSLA's current 13.51% profit margin, if they achieved TM's level of revenue, they would generate $30.59 billion of net income, which would definitely make today's valuation look more realistic.TeslaConclusionYou're probably wondering how I can be a shareholder and be a bear on TSLA's valuation at the same time. It's simple; my wife bought shares of TSLA, which makes me a shareholder. My stance has always been bullish on the company and bearish on the valuation. What Elon Musk and the team at TSLA has accomplished is astonishing, and they deserve nothing but respect.Keep in mind a company and a company's stock are two separate things. TSLA continues to dilute shareholders, and they and the market are valuing TSLA as if it's FB or GOOGL. TSLA is not a technology company; it's an automobile company, as the automotive segments drive 100% of its gross revenue and net income.TSLA is trading at a P/E of 113.81, a P/S of 15.38, and a 142.52x multiple on its FCF. The numbers are drastically inflated as TSLA has no business trading at a larger P/S multiple than AMZN, which trades at 11.31 P/S when it has grown its revenue by $341.76 billion over the previous 3.25 years compared to TSLA's $40.73 billion of revenue growth. TSLA has generated $6.93 billion in FCF over the TTM, while Mr. Market has placed a 142.52x multiple on TSLA due to $7.15 billion FCF growth over the past 3.25 years. FB trades at a 15.19x FCF multiple while growing FCF by $23.45 billion over this period which is more than 3x what TSLA has generated in the TTM.With FB trading at 15.19x FCF, GOOGL at 23.42x FCF, and AAPL at 25.4x FCF, it's hard to justify any number above 20x for TSLA. I think a 21x FCF multiple is generous and that places TSLA at a market cap of $145.43 billion, which is -85.26% from its current market cap of $986.92 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132808247,"gmtCreate":1622078259889,"gmtModify":1704178989159,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"like n comment pls","listText":"like n comment pls","text":"like n comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/132808247","repostId":"2138149185","repostType":4,"repost":{"id":"2138149185","pubTimestamp":1622076394,"share":"https://www.laohu8.com/m/news/2138149185?lang=&edition=full","pubTime":"2021-05-27 08:46","market":"us","language":"en","title":"Uber agrees world-first union deal for UK drivers","url":"https://stock-news.laohu8.com/highlight/detail?id=2138149185","media":"The Straits Times","summary":"LONDON (AFP) - US ride-hailing giant Uber announced on Wednesday (May 26) a \"historic\" pact with a B","content":"<div>\n<p>LONDON (AFP) - US ride-hailing giant Uber announced on Wednesday (May 26) a \"historic\" pact with a British trade union to represent its 70,000 drivers in the UK, after a court ruling granted them ...</p>\n\n<a href=\"http://www.straitstimes.com/world/europe/uber-agrees-world-first-union-deal-for-uk-drivers\">Web Link</a>\n\n</div>\n","source":"straits_highlight","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>Uber agrees world-first union deal for UK drivers</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; 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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\">\nUber agrees world-first union deal for UK drivers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 08:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/world/europe/uber-agrees-world-first-union-deal-for-uk-drivers><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON (AFP) - US ride-hailing giant Uber announced on Wednesday (May 26) a \"historic\" pact with a British trade union to represent its 70,000 drivers in the UK, after a court ruling granted them ...</p>\n\n<a href=\"http://www.straitstimes.com/world/europe/uber-agrees-world-first-union-deal-for-uk-drivers\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"source_url":"http://www.straitstimes.com/world/europe/uber-agrees-world-first-union-deal-for-uk-drivers","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138149185","content_text":"LONDON (AFP) - US ride-hailing giant Uber announced on Wednesday (May 26) a \"historic\" pact with a British trade union to represent its 70,000 drivers in the UK, after a court ruling granted them workers' rights.The GMB union said the collective bargaining agreement \"shows gig economy companies don't have to be a wild west on the untamed frontier of employment rights\".\"When tech private hire companies and unions work together like this, everyone benefits - bringing dignified, secure employment back to the world of work,\" GMB official Mick Rix said in a statement.\"We now call on all other operators to follow suit.\"Uber conferred official recognition on the union - which counts 620,000 members across various industries - in the wake of a ruling by Britain's Supreme Court in February.A month later, Uber complied by granting its British drivers worker status with benefits including a minimum wage and paid leave.It represented a sea change in the business model of a company that had argued before courts in Britain and elsewhere that its drivers are self-employed freelancers, and which has resisted similar reforms in California.\"Whilst Uber and GMB may not seem like obvious allies, we've always agreed that drivers must come first, and today we have struck this important deal to improve workers' protections,\" Uber Europe executive Jamie Heywood said.Noting the company's prior commitments on UK benefits, he said \"this historic agreement means that Uber will be the first in the industry to ensure that its drivers also have full union representation\".Uber said it would support drivers in Britain if they choose to sign up as GMB members, and union representatives will be given access to company support sites to encourage membership drives.California 'scare tactics'The changes in Britain have come as Uber has faced sliding driver bookings owing to the Covid-19 pandemic, despite strong demand for its Uber Eats food delivery service during national lockdowns.But despite the higher business costs flowing from the court ruling, Uber says it does not expect the changes to affect its net income this year.\"The future of work is too big of an issue for a one-size-fits-all solution, and that's OK,\" Uber chief executive Dara Khosrowshahi wrote in London's Evening Standard newspaper in March.Khosrowshahi has previously argued for a \"third way\" to classify gig workers, rather than as employees or independent contractors.The British Supreme Court ruling came soon after California's top court upheld a referendum that let \"gig workers\" like Uber drivers be treated as freelance contractors.Proposition 22 - passed in November and heavily backed by Uber, Lyft and other app-based delivery services - effectively overturned a state law requiring them to reclassify their drivers and provide employee benefits.But US labour groups such as the Services Employees International Union have pressed on with their campaigns. The SEIU has said Uber's decision to grant worker status to British drivers debunked the \"scare tactics\" of rideshare companies in California.In a first for the European Union, Spain's government in March announced a deal that will recognise riders working for food delivery firms such as Deliveroo and Uber Eats as salaried staff following complaints about their working conditions.In Italy, prosecutors have told Uber Eats and other food delivery platforms their couriers are employees and not independent workers, fining them 733 million euros for breach of labour safety rules.","news_type":1},"isVote":1,"tweetType":1,"viewCount":18,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949025399,"gmtCreate":1678251395811,"gmtModify":1678251398932,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$&nbsp;</a>gs gx gx","listText":"<a href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$&nbsp;</a>gs gx gx","text":"$Tencent Music(TME)$ gs gx gx","images":[{"img":"https://community-static.tradeup.com/news/df839343c4b6328373fa28abfdb2bf2e","width":"1242","height":"2448"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9949025399","isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9018795210,"gmtCreate":1649085915807,"gmtModify":1676534448218,"author":{"id":"3582013951378523","authorId":"3582013951378523","name":"sh99","avatar":"https://static.tigerbbs.com/95985dfcd15851145b63b9903fdb5bfc","crmLevel":4,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$</a>bdhd","listText":"<a href=\"https://ttm.financial/S/TME\">$Tencent Music(TME)$</a>bdhd","text":"$Tencent Music(TME)$bdhd","images":[{"img":"https://community-static.tradeup.com/news/3e7001487361bccc81e90d1247c80519","width":"1125","height":"2619"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9018795210","isVote":1,"tweetType":1,"viewCount":177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}