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2021-05-14
Please recover... we are waiting the opportunity
Will the Nasdaq's Recovery Last?
OSC
2021-05-14
It’s time
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As of noon EDT, the Nasdaq was up just half a percent after having risen more than 1.5% earlier in the day. Investors ingrowth stocksappear reluctant to conclude that the volatility that the Nasdaq has endured recently has fully run its course, and that might be why gains faded toward midday.</p>\n<p>Part of the problem is that some smaller Nasdaq stocks continue to fall regardless of whether their financial reports are good or bad. Both<b>Bumble</b>(NASDAQ:BMBL)and<b>Poshmark</b>(NASDAQ:POSH)joined the list of companies that have issued their latest results, and both stocks were sharply lower even though each had some fundamental successes in their respective businesses.</p>\n<p><b>Bumble keeps buzzing</b></p>\n<p>Shares of Bumble dropped another 13%, hitting a new all-time low since coming public in February. The online dating specialist seemed to give investors a strong picture of its business, but shareholders didn't have a good first impression.</p>\n<p>Bumble has made substantial progressover the past year. Revenue climbed 43% from year-ago levels when you combine its predecessor entity's sales into the mix. Bumble had massive net income, but the strong-looking results stemmed from a favorable income tax benefit. Pre-tax losses widened 27% year over year.</p>\n<p>Bumble's operating metrics improved, with total paying users rising 30% to 2.8 million and a 13% rise in revenue per paying user to almost $20. However, investors seemed to focus on projections for full-year 2021 revenue of between $724 million and $734 million. That would imply a growth rate of just 25%, which is significantly slower than what many have hoped to see.</p>\n<p>The online dating industry has been highly lucrative, and that generated high expectations for Bumble. The company will have to work harder to meet those expectations in order for the share price to bounce back and generatenew buzz for Bumble.</p>\n<p><b>Can Poshmark get back in style?</b></p>\n<p>Elsewhere,shares of Poshmark lost 17%. The secondhand-style-based social marketplace continued to see its business gain momentum, but investors once again didn't have their high expectations met.</p>\n<p>Poshmark's numbers looked good. Gross merchandise value jumped 43% year over year to $441 million, leading to a 42% rise in revenue. Poshmark managed to post a modest adjusted operating profit, although it lost $0.33 per share due largely to various noncash expense items.</p>\n<p>Among the latest initiatives from Poshmark was a new category for pet owners trying to shop for their pets. The company expanded into Australia as part of its ongoing effort to boost its international exposure, and new in-listing video and seller shipping discount features helped to heighten the value of the Poshmark platform for sellers.</p>\n<p>Like Bumble, however, investors didn't seem satisfied with Poshmark's guidance. The company sees second-quarter revenue coming in flat to down slightly from first-quarter results. If that means customers might be losing their appetite for Poshmark's listings, it could spell further trouble for the already hard-hit stock.</p>\n<p><b>Keep your eyes on the Nasdaq</b></p>\n<p>In the long run, stocks perform in line with their underlying businesses. For the Nasdaq to recover, high expectations will need to get more realistic. As painful as this process is, it offers opportunities to those with confidence in companies with strong business models.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will the Nasdaq's Recovery Last?</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\">\nWill the Nasdaq's Recovery Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 18:28 GMT+8 <a href=https://www.fool.com/investing/2021/05/13/will-the-nasdaqs-recovery-last/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Some stocks remain under pressure even when financial results look solid.\n\nThe stock market managed to regain some of its lost ground on Thursday morning, but theNasdaq Composite(NASDAQINDEX:^IXIC)...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/13/will-the-nasdaqs-recovery-last/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/05/13/will-the-nasdaqs-recovery-last/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114218364","content_text":"Some stocks remain under pressure even when financial results look solid.\n\nThe stock market managed to regain some of its lost ground on Thursday morning, but theNasdaq Composite(NASDAQINDEX:^IXIC)wasn't able to deliver the confident bounce that many investors would've preferred to see. As of noon EDT, the Nasdaq was up just half a percent after having risen more than 1.5% earlier in the day. Investors ingrowth stocksappear reluctant to conclude that the volatility that the Nasdaq has endured recently has fully run its course, and that might be why gains faded toward midday.\nPart of the problem is that some smaller Nasdaq stocks continue to fall regardless of whether their financial reports are good or bad. BothBumble(NASDAQ:BMBL)andPoshmark(NASDAQ:POSH)joined the list of companies that have issued their latest results, and both stocks were sharply lower even though each had some fundamental successes in their respective businesses.\nBumble keeps buzzing\nShares of Bumble dropped another 13%, hitting a new all-time low since coming public in February. The online dating specialist seemed to give investors a strong picture of its business, but shareholders didn't have a good first impression.\nBumble has made substantial progressover the past year. Revenue climbed 43% from year-ago levels when you combine its predecessor entity's sales into the mix. Bumble had massive net income, but the strong-looking results stemmed from a favorable income tax benefit. Pre-tax losses widened 27% year over year.\nBumble's operating metrics improved, with total paying users rising 30% to 2.8 million and a 13% rise in revenue per paying user to almost $20. However, investors seemed to focus on projections for full-year 2021 revenue of between $724 million and $734 million. That would imply a growth rate of just 25%, which is significantly slower than what many have hoped to see.\nThe online dating industry has been highly lucrative, and that generated high expectations for Bumble. The company will have to work harder to meet those expectations in order for the share price to bounce back and generatenew buzz for Bumble.\nCan Poshmark get back in style?\nElsewhere,shares of Poshmark lost 17%. The secondhand-style-based social marketplace continued to see its business gain momentum, but investors once again didn't have their high expectations met.\nPoshmark's numbers looked good. Gross merchandise value jumped 43% year over year to $441 million, leading to a 42% rise in revenue. Poshmark managed to post a modest adjusted operating profit, although it lost $0.33 per share due largely to various noncash expense items.\nAmong the latest initiatives from Poshmark was a new category for pet owners trying to shop for their pets. The company expanded into Australia as part of its ongoing effort to boost its international exposure, and new in-listing video and seller shipping discount features helped to heighten the value of the Poshmark platform for sellers.\nLike Bumble, however, investors didn't seem satisfied with Poshmark's guidance. The company sees second-quarter revenue coming in flat to down slightly from first-quarter results. If that means customers might be losing their appetite for Poshmark's listings, it could spell further trouble for the already hard-hit stock.\nKeep your eyes on the Nasdaq\nIn the long run, stocks perform in line with their underlying businesses. For the Nasdaq to recover, high expectations will need to get more realistic. As painful as this process is, it offers opportunities to those with confidence in companies with strong business models.","news_type":1},"isVote":1,"tweetType":1,"viewCount":290,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198729884,"gmtCreate":1620992500748,"gmtModify":1704351644538,"author":{"id":"3583228802390849","authorId":"3583228802390849","name":"OSC","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583228802390849","authorIdStr":"3583228802390849"},"themes":[],"htmlText":"It’s time","listText":"It’s time","text":"It’s time","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198729884","repostId":"1119227468","repostType":4,"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":198729544,"gmtCreate":1620992552788,"gmtModify":1704351645832,"author":{"id":"3583228802390849","authorId":"3583228802390849","name":"OSC","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583228802390849","authorIdStr":"3583228802390849"},"themes":[],"htmlText":"Please recover... we are waiting the opportunity ","listText":"Please recover... we are waiting the opportunity ","text":"Please recover... we are waiting the opportunity","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/198729544","repostId":"1114218364","repostType":4,"repost":{"id":"1114218364","pubTimestamp":1620988115,"share":"https://ttm.financial/m/news/1114218364?lang=&edition=fundamental","pubTime":"2021-05-14 18:28","market":"us","language":"en","title":"Will the Nasdaq's Recovery Last?","url":"https://stock-news.laohu8.com/highlight/detail?id=1114218364","media":"Motley Fool","summary":"Some stocks remain under pressure even when financial results look solid.\n\nThe stock market managed ","content":"<blockquote>\n <b>Some stocks remain under pressure even when financial results look solid.</b>\n</blockquote>\n<p>The stock market managed to regain some of its lost ground on Thursday morning, but the<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC)wasn't able to deliver the confident bounce that many investors would've preferred to see. As of noon EDT, the Nasdaq was up just half a percent after having risen more than 1.5% earlier in the day. Investors ingrowth stocksappear reluctant to conclude that the volatility that the Nasdaq has endured recently has fully run its course, and that might be why gains faded toward midday.</p>\n<p>Part of the problem is that some smaller Nasdaq stocks continue to fall regardless of whether their financial reports are good or bad. Both<b>Bumble</b>(NASDAQ:BMBL)and<b>Poshmark</b>(NASDAQ:POSH)joined the list of companies that have issued their latest results, and both stocks were sharply lower even though each had some fundamental successes in their respective businesses.</p>\n<p><b>Bumble keeps buzzing</b></p>\n<p>Shares of Bumble dropped another 13%, hitting a new all-time low since coming public in February. The online dating specialist seemed to give investors a strong picture of its business, but shareholders didn't have a good first impression.</p>\n<p>Bumble has made substantial progressover the past year. Revenue climbed 43% from year-ago levels when you combine its predecessor entity's sales into the mix. Bumble had massive net income, but the strong-looking results stemmed from a favorable income tax benefit. Pre-tax losses widened 27% year over year.</p>\n<p>Bumble's operating metrics improved, with total paying users rising 30% to 2.8 million and a 13% rise in revenue per paying user to almost $20. However, investors seemed to focus on projections for full-year 2021 revenue of between $724 million and $734 million. That would imply a growth rate of just 25%, which is significantly slower than what many have hoped to see.</p>\n<p>The online dating industry has been highly lucrative, and that generated high expectations for Bumble. The company will have to work harder to meet those expectations in order for the share price to bounce back and generatenew buzz for Bumble.</p>\n<p><b>Can Poshmark get back in style?</b></p>\n<p>Elsewhere,shares of Poshmark lost 17%. The secondhand-style-based social marketplace continued to see its business gain momentum, but investors once again didn't have their high expectations met.</p>\n<p>Poshmark's numbers looked good. Gross merchandise value jumped 43% year over year to $441 million, leading to a 42% rise in revenue. Poshmark managed to post a modest adjusted operating profit, although it lost $0.33 per share due largely to various noncash expense items.</p>\n<p>Among the latest initiatives from Poshmark was a new category for pet owners trying to shop for their pets. The company expanded into Australia as part of its ongoing effort to boost its international exposure, and new in-listing video and seller shipping discount features helped to heighten the value of the Poshmark platform for sellers.</p>\n<p>Like Bumble, however, investors didn't seem satisfied with Poshmark's guidance. The company sees second-quarter revenue coming in flat to down slightly from first-quarter results. If that means customers might be losing their appetite for Poshmark's listings, it could spell further trouble for the already hard-hit stock.</p>\n<p><b>Keep your eyes on the Nasdaq</b></p>\n<p>In the long run, stocks perform in line with their underlying businesses. For the Nasdaq to recover, high expectations will need to get more realistic. As painful as this process is, it offers opportunities to those with confidence in companies with strong business models.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will the Nasdaq's Recovery Last?</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\">\nWill the Nasdaq's Recovery Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 18:28 GMT+8 <a href=https://www.fool.com/investing/2021/05/13/will-the-nasdaqs-recovery-last/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Some stocks remain under pressure even when financial results look solid.\n\nThe stock market managed to regain some of its lost ground on Thursday morning, but theNasdaq Composite(NASDAQINDEX:^IXIC)...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/13/will-the-nasdaqs-recovery-last/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/05/13/will-the-nasdaqs-recovery-last/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114218364","content_text":"Some stocks remain under pressure even when financial results look solid.\n\nThe stock market managed to regain some of its lost ground on Thursday morning, but theNasdaq Composite(NASDAQINDEX:^IXIC)wasn't able to deliver the confident bounce that many investors would've preferred to see. As of noon EDT, the Nasdaq was up just half a percent after having risen more than 1.5% earlier in the day. Investors ingrowth stocksappear reluctant to conclude that the volatility that the Nasdaq has endured recently has fully run its course, and that might be why gains faded toward midday.\nPart of the problem is that some smaller Nasdaq stocks continue to fall regardless of whether their financial reports are good or bad. BothBumble(NASDAQ:BMBL)andPoshmark(NASDAQ:POSH)joined the list of companies that have issued their latest results, and both stocks were sharply lower even though each had some fundamental successes in their respective businesses.\nBumble keeps buzzing\nShares of Bumble dropped another 13%, hitting a new all-time low since coming public in February. The online dating specialist seemed to give investors a strong picture of its business, but shareholders didn't have a good first impression.\nBumble has made substantial progressover the past year. Revenue climbed 43% from year-ago levels when you combine its predecessor entity's sales into the mix. Bumble had massive net income, but the strong-looking results stemmed from a favorable income tax benefit. Pre-tax losses widened 27% year over year.\nBumble's operating metrics improved, with total paying users rising 30% to 2.8 million and a 13% rise in revenue per paying user to almost $20. However, investors seemed to focus on projections for full-year 2021 revenue of between $724 million and $734 million. That would imply a growth rate of just 25%, which is significantly slower than what many have hoped to see.\nThe online dating industry has been highly lucrative, and that generated high expectations for Bumble. The company will have to work harder to meet those expectations in order for the share price to bounce back and generatenew buzz for Bumble.\nCan Poshmark get back in style?\nElsewhere,shares of Poshmark lost 17%. The secondhand-style-based social marketplace continued to see its business gain momentum, but investors once again didn't have their high expectations met.\nPoshmark's numbers looked good. Gross merchandise value jumped 43% year over year to $441 million, leading to a 42% rise in revenue. Poshmark managed to post a modest adjusted operating profit, although it lost $0.33 per share due largely to various noncash expense items.\nAmong the latest initiatives from Poshmark was a new category for pet owners trying to shop for their pets. The company expanded into Australia as part of its ongoing effort to boost its international exposure, and new in-listing video and seller shipping discount features helped to heighten the value of the Poshmark platform for sellers.\nLike Bumble, however, investors didn't seem satisfied with Poshmark's guidance. The company sees second-quarter revenue coming in flat to down slightly from first-quarter results. If that means customers might be losing their appetite for Poshmark's listings, it could spell further trouble for the already hard-hit stock.\nKeep your eyes on the Nasdaq\nIn the long run, stocks perform in line with their underlying businesses. For the Nasdaq to recover, high expectations will need to get more realistic. As painful as this process is, it offers opportunities to those with confidence in companies with strong business models.","news_type":1},"isVote":1,"tweetType":1,"viewCount":290,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198729884,"gmtCreate":1620992500748,"gmtModify":1704351644538,"author":{"id":"3583228802390849","authorId":"3583228802390849","name":"OSC","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583228802390849","authorIdStr":"3583228802390849"},"themes":[],"htmlText":"It’s time","listText":"It’s time","text":"It’s time","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198729884","repostId":"1119227468","repostType":4,"repost":{"id":"1119227468","pubTimestamp":1620987337,"share":"https://ttm.financial/m/news/1119227468?lang=&edition=fundamental","pubTime":"2021-05-14 18:15","market":"us","language":"en","title":"Goldman Sachs banker quits after making millions on cryptocurrency","url":"https://stock-news.laohu8.com/highlight/detail?id=1119227468","media":"cnbc","summary":"KEY POINTS\n\nAziz McMahon, a Goldman Sachs executive in London, quit the bank after making a fortune ","content":"<div>\n<p>KEY POINTS\n\nAziz McMahon, a Goldman Sachs executive in London, quit the bank after making a fortune on cryptocurrency.\nMcMahon made millions from a bet on the digital currency ether, three former ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/14/goldman-sachs-banker-quits-after-making-millions-on-cryptocurrency.html\">Web Link</a>\n\n</div>\n","source":"cnbc_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>Goldman Sachs banker quits after making millions on cryptocurrency</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\">\nGoldman Sachs banker quits after making millions on cryptocurrency\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 18:15 GMT+8 <a href=https://www.cnbc.com/2021/05/14/goldman-sachs-banker-quits-after-making-millions-on-cryptocurrency.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nAziz McMahon, a Goldman Sachs executive in London, quit the bank after making a fortune on cryptocurrency.\nMcMahon made millions from a bet on the digital currency ether, three former ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/14/goldman-sachs-banker-quits-after-making-millions-on-cryptocurrency.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/05/14/goldman-sachs-banker-quits-after-making-millions-on-cryptocurrency.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1119227468","content_text":"KEY POINTS\n\nAziz McMahon, a Goldman Sachs executive in London, quit the bank after making a fortune on cryptocurrency.\nMcMahon made millions from a bet on the digital currency ether, three former Goldman employees told CNBC.\nGoldman Sachs confirmed McMahon's departure but declined to comment any further.\n\nLONDON — AGoldman Sachsexecutive has resigned after earning a fortune from a cryptocurrency investment, according to industry sources.\nAziz McMahon, Goldman's managing director and head of emerging market sales in London, quit after making millions of pounds from a bet on the digital currency ether, three former employees at the investment bank told CNBC.\nThe former employees, who all know McMahon personally, preferred to remain anonymous due to the sensitive nature of the discussions. McMahon is believed to have cashed in at least £10 million ($14 million) worth of cryptocurrency, the sources said.\nEarlier reports fromeFinancial CareersandThe Guardianhad said McMahon had left Goldman after making money from dogecoin.\nIt is possible McMahon may have had some holdings in dogecoin, too. He is thought to have now set up his own hedge fund, eFinancialCareers reported.\nWhen approached by CNBC, Goldman Sachs confirmed McMahon's departure but declined to comment any further. McMahon was not immediately available for comment when contacted by CNBC via LinkedIn.\nEther, the digital asset McMahon is said to have invested in, has risen more than 400% since the start of 2021. Created some six years afterbitcoin, ether isbased on a different technology known as Ethereum. Ether and ethereum are often used interchangeably to describe the currency.\nBitcoin and other cryptocurrencies have fluctuated wildly lately. On Wednesday, the entire marketshed as much as $365.85 billionafter a tweet fromElon Muskthat said his electric car firm Tesla wouldstop accepting paymentsin bitcoin due toenvironmental concerns over the cryptocurrency.\nMusk'sfavored cryptois dogecoin, a token that started out as a joke in 2013. Inspired by the meme \"Doge,\" which features a shiba inu dog and cartoon-style text, dogecoin was intended by its creators as a \"fun\" alternative to bitcoin.\nIt’s since gained a growing community online and is now the fourth-largest digital asset by market value on CoinMarketCap. While advocates like to call it the “people’s” crypto, investors warn dogecoin is a sign of froth building up in the crypto market.","news_type":1},"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
