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2021-09-04

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3 Hypergrowth Stocks Expected to Increase Sales 1,185% to 12,629% by 2023

2021-09-04

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Wall Street Crime And Punishment: Jordan Belfort, The Boiler Room Wolf

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Why Oracle Stock Could Be Volatile In August

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transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":8,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":815743197,"gmtCreate":1630722234219,"gmtModify":1676530384613,"author":{"id":"4090026511774010","authorId":"4090026511774010","name":"Surajk","avatar":"https://static.tigerbbs.com/8f7b4c7eeb075857f3179ad7bbd5ce8d","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090026511774010","authorIdStr":"4090026511774010"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/815743197","repostId":"2164879370","repostType":4,"repost":{"id":"2164879370","pubTimestamp":1630678680,"share":"https://ttm.financial/m/news/2164879370?lang=&edition=fundamental","pubTime":"2021-09-03 22:18","market":"us","language":"en","title":"3 Hypergrowth Stocks Expected to Increase Sales 1,185% to 12,629% by 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=2164879370","media":"Motley Fool","summary":"These fast-paced companies should generate jaw-dropping revenue growth over the next three years.","content":"<p>Since the end of the Great Recession in 2009, growth stocks have thrived. Historically low lending rates, an ongoing quantitative easing program designed to weigh down long-term bond yields, and a free-spending Congress have all helped to make cheap capital widely abundant for businesses. This is helping to fuel acquisitions, hiring, and (most importantly) innovation.</p>\n<p>Yet for some companies, their exponential growth is just beginning. For each of the following hypergrowth stocks, Wall Street's consensus sales estimate for 2023, courtesy of <b>FactSet</b>, implies a revenue increase ranging from a low of 1,185% (yes, <i>a low of 1,185%</i>) to a high of 12,629%, compared to 2020 sales.</p>\n<h2>Moderna: Implied sales increase of 1,185%</h2>\n<p>Arguably the best-known name on this list is biotech <b>Moderna</b> (NASDAQ:MRNA). According to Wall Street, Moderna's annual revenue is expected to catapult from the $803.4 million recorded in 2020 to an estimated $10.33 billion in 2023. Interestingly, the $10.33 billion in projected sales for 2023 is about half of the $20.13 billion forecast this year.</p>\n<p>As a lot of you probably know, Modena's success is tied to the development of its coronavirus vaccine mRNA-1273. When the company ran a large-scale study of its COVID-19 vaccine, the results (released in November) demonstrated a vaccine efficacy (VE) of 94% and a strong propensity to keep vaccinated individuals from getting severe forms of the disease. This initial VE made Moderna's COVID vaccine a slam dunk for Emergency Use Authorization in the United States.</p>\n<p>When the company announced its second-quarter operating results on Aug. 5, it stuck to its original forecast of delivering between 800 million and 1 billion doses in 2021, with net product sales of around $20 billion. Next year, Moderna believes it can provide between 2 billion and 3 billion doses. As a reminder, the Moderna vaccine is a two-dose regimen, meaning its 2022 output could fully inoculate 1 billion to 1.5 billion people.</p>\n<p>Also working in Modena's favor is the possibility of booster vaccinations. The mutability of COVID, coupled with a handful of studies suggesting that VE begins waning at the six-month mark, could create a recurring vaccination need globally.</p>\n<p>While Moderna might sound like a surefire growth story, there are still big question marks about its future. For example, even though mRNA-1273 has been wildly successful, it's the only therapy that's generating sales for the company. Moderna's non-COVID pipeline looks to be years away from bringing in meaningful revenue.</p>\n<p>Equally concerning is the likelihood that the COVID vaccine space is going to become crowded. At some point soon, <b>Novavax</b>&nbsp;should join the field with a formidable initial VE of about 90%. It is also working on a combination COVID/influenza vaccine, which would be a differentiator and game changer.</p>\n<p>Not to take anything away from what Moderna has done, but a $150 billion market cap for a company with a single therapy seems awfully risky.</p>\n<h2><a href=\"https://laohu8.com/S/ZGNX\">Zogenix</a>: Implied sales increase of 2,451%</h2>\n<p>Another biotech stock that's expected to generate jaw-dropping sales growth through 2023 is small-cap <b>Zogenix</b> (NASDAQ:ZGNX). If Wall Street's consensus estimate proves accurate, the company's $13.64 million in reported sales in 2020 could grow to $348 million by 2023.</p>\n<p>Like Moderna, there's a single drug that looks to do all of the heavy lifting for Zogenix over the next couple of years: Fintepla. This is a drug targeted at a variety of seizure-related indications. It's already been approved by the Food and Drug Administration to treat Dravet syndrome. And Zogenix has plans to file a supplemental new drug application by the end of the current quarter to expand Fintepla's label to include Lennox-Gastaut syndrome (LGS). Both Dravet and LGS are rare forms of childhood-onset epilepsy. If approved, Zogenix could launch Fintepla for LGS patients in this country by as early as the first half of 2022.</p>\n<p>And Zogenix still isn't done with Fintepla. After hashing out the finer points with the FDA, the company intends to initiate a phase 3 study involving Fintepla as a treatment for CDKL5 deficiency disorder before the end of the year. Thus, organic growth and label expansion opportunities are expected to fuel sales of Fintepla to almost $350 million in three years.</p>\n<p>What'll be particularly interesting is how Zogenix fares against cannabinoid-focused drug developer GW Pharmaceuticals, which was acquired by <b>Jazz Pharmaceuticals</b> (NASDAQ:JAZZ) in May. GW's lead drug, Epidiolex, is a cannabidiol-based treatment that's been approved by the FDA to treat Dravet syndrome and LGS, and it launched in advance of Zogenix's Fintepla. For comparative purposes, Jazz announced that Epidiolex brought home $155.9 million in sales just in the second quarter, although it has an additional indication under its belt (tuberous sclerosis complex) where it won't compete against Zogenix.</p>\n<p>Although Epidiolex appears to have the upper hand now, it's worth noting that seizure-reduction efficacy for Fintepla looked very promising in late-stage clinical trials. To be 100% clear, the GW Pharma and Zogenix studies were never pitted head-to-head, and their baseline parameters are different. Nevertheless, Fintepla led to a 62.3% reduction in mean monthly convulsive seizure frequency compared to placebo at the six-week mark for Dravet syndrome patients.</p>\n<p>Comparatively, Jazz's Epidiolex demonstrated reductions in seizure frequency from baseline of 56% and 47%, respectively, for the lower- and higher-dose treatments in phase 3 studies in Dravet syndrome patients.&nbsp; Suffice it to say, these could be highly competitive indications for the foreseeable future.</p>\n<h2>Marathon Digital Holdings: Implied sales increase of 12,629%</h2>\n<p>Now, if you want pedal-to-the-metal growth, look no further than <b>Marathon Digital Holdings</b> (NASDAQ:MARA). After reporting a meager $4.36 million in sales in 2020, Wall Street anticipates full-year sales will climb to $555 million by 2023. That's an increase of 12,629%.</p>\n<p>If you're wondering how sales growth of this magnitude is possible for a company not involved in drug development, look no further than cryptocurrencies.</p>\n<p>Marathon Digital is a cryptocurrency mining company. It operates a farm of high-powered computing devices designed to solve complex mathematical equations that validate groups of transactions (known as a block) as valid on a digital currency's blockchain. For being the first to validate a block, Marathon is paid a block reward. This reward is typically a set amount of digital tokens from the digital currency being mined.</p>\n<p>In Marathon's case, it's mining <b>Bitcoin</b> (CRYPTO:BTC), the largest cryptocurrency in the world by market cap. Being the first to mine a Bitcoin block results in the company being awarded 6.25 Bitcoin tokens, which were worth a cool $292,000, as of Aug. 30.</p>\n<p>The reason Marathon's sales are skyrocketing so quickly is because it's in the midst of deploying <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest Bitcoin-mining operations in the United States. As of the beginning of August, approximately 30,100 miners were operating, with another 103,000 ordered and yet to be installed. By the end of the first quarter of 2022, Marathon should have north of 100,000 miners in operation, with all 133,120 up and running by July 2022.</p>\n<p>Though Marathon is the fastest-growing of these three hypergrowth stocks, it's also arguably the most dangerous investment of this trio. That's because it's entirely dependent on external factors, such as interest in, and the price of, Bitcoin -- and not innovation.</p>\n<p>What's more, the barrier to entry in the cryptocurrency mining space is virtually nonexistent. As time passes, it's going to be tougher for Marathon to successfully mine Bitcoin.</p>\n<p>As the icing on the cake, Bitcoin's block rewards halve every four years. By 2024, only 3.125 Bitcoin tokens will be paid for validating a block. Essentially, Marathon is competing against a growing number of mining companies for a reward that's shrinking. It simply doesn't sound like an operating model with long-term staying power.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Hypergrowth Stocks Expected to Increase Sales 1,185% to 12,629% by 2023</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\">\n3 Hypergrowth Stocks Expected to Increase Sales 1,185% to 12,629% by 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-03 22:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/09/03/3-hypergrowth-stocks-increase-sales-1185-to-12629/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Since the end of the Great Recession in 2009, growth stocks have thrived. Historically low lending rates, an ongoing quantitative easing program designed to weigh down long-term bond yields, and a ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/09/03/3-hypergrowth-stocks-increase-sales-1185-to-12629/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRNA":"Moderna, Inc.","ZGNX":"Zogenix","MARA":"Marathon Digital Holdings Inc"},"source_url":"https://www.fool.com/investing/2021/09/03/3-hypergrowth-stocks-increase-sales-1185-to-12629/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2164879370","content_text":"Since the end of the Great Recession in 2009, growth stocks have thrived. Historically low lending rates, an ongoing quantitative easing program designed to weigh down long-term bond yields, and a free-spending Congress have all helped to make cheap capital widely abundant for businesses. This is helping to fuel acquisitions, hiring, and (most importantly) innovation.\nYet for some companies, their exponential growth is just beginning. For each of the following hypergrowth stocks, Wall Street's consensus sales estimate for 2023, courtesy of FactSet, implies a revenue increase ranging from a low of 1,185% (yes, a low of 1,185%) to a high of 12,629%, compared to 2020 sales.\nModerna: Implied sales increase of 1,185%\nArguably the best-known name on this list is biotech Moderna (NASDAQ:MRNA). According to Wall Street, Moderna's annual revenue is expected to catapult from the $803.4 million recorded in 2020 to an estimated $10.33 billion in 2023. Interestingly, the $10.33 billion in projected sales for 2023 is about half of the $20.13 billion forecast this year.\nAs a lot of you probably know, Modena's success is tied to the development of its coronavirus vaccine mRNA-1273. When the company ran a large-scale study of its COVID-19 vaccine, the results (released in November) demonstrated a vaccine efficacy (VE) of 94% and a strong propensity to keep vaccinated individuals from getting severe forms of the disease. This initial VE made Moderna's COVID vaccine a slam dunk for Emergency Use Authorization in the United States.\nWhen the company announced its second-quarter operating results on Aug. 5, it stuck to its original forecast of delivering between 800 million and 1 billion doses in 2021, with net product sales of around $20 billion. Next year, Moderna believes it can provide between 2 billion and 3 billion doses. As a reminder, the Moderna vaccine is a two-dose regimen, meaning its 2022 output could fully inoculate 1 billion to 1.5 billion people.\nAlso working in Modena's favor is the possibility of booster vaccinations. The mutability of COVID, coupled with a handful of studies suggesting that VE begins waning at the six-month mark, could create a recurring vaccination need globally.\nWhile Moderna might sound like a surefire growth story, there are still big question marks about its future. For example, even though mRNA-1273 has been wildly successful, it's the only therapy that's generating sales for the company. Moderna's non-COVID pipeline looks to be years away from bringing in meaningful revenue.\nEqually concerning is the likelihood that the COVID vaccine space is going to become crowded. At some point soon, Novavax should join the field with a formidable initial VE of about 90%. It is also working on a combination COVID/influenza vaccine, which would be a differentiator and game changer.\nNot to take anything away from what Moderna has done, but a $150 billion market cap for a company with a single therapy seems awfully risky.\nZogenix: Implied sales increase of 2,451%\nAnother biotech stock that's expected to generate jaw-dropping sales growth through 2023 is small-cap Zogenix (NASDAQ:ZGNX). If Wall Street's consensus estimate proves accurate, the company's $13.64 million in reported sales in 2020 could grow to $348 million by 2023.\nLike Moderna, there's a single drug that looks to do all of the heavy lifting for Zogenix over the next couple of years: Fintepla. This is a drug targeted at a variety of seizure-related indications. It's already been approved by the Food and Drug Administration to treat Dravet syndrome. And Zogenix has plans to file a supplemental new drug application by the end of the current quarter to expand Fintepla's label to include Lennox-Gastaut syndrome (LGS). Both Dravet and LGS are rare forms of childhood-onset epilepsy. If approved, Zogenix could launch Fintepla for LGS patients in this country by as early as the first half of 2022.\nAnd Zogenix still isn't done with Fintepla. After hashing out the finer points with the FDA, the company intends to initiate a phase 3 study involving Fintepla as a treatment for CDKL5 deficiency disorder before the end of the year. Thus, organic growth and label expansion opportunities are expected to fuel sales of Fintepla to almost $350 million in three years.\nWhat'll be particularly interesting is how Zogenix fares against cannabinoid-focused drug developer GW Pharmaceuticals, which was acquired by Jazz Pharmaceuticals (NASDAQ:JAZZ) in May. GW's lead drug, Epidiolex, is a cannabidiol-based treatment that's been approved by the FDA to treat Dravet syndrome and LGS, and it launched in advance of Zogenix's Fintepla. For comparative purposes, Jazz announced that Epidiolex brought home $155.9 million in sales just in the second quarter, although it has an additional indication under its belt (tuberous sclerosis complex) where it won't compete against Zogenix.\nAlthough Epidiolex appears to have the upper hand now, it's worth noting that seizure-reduction efficacy for Fintepla looked very promising in late-stage clinical trials. To be 100% clear, the GW Pharma and Zogenix studies were never pitted head-to-head, and their baseline parameters are different. Nevertheless, Fintepla led to a 62.3% reduction in mean monthly convulsive seizure frequency compared to placebo at the six-week mark for Dravet syndrome patients.\nComparatively, Jazz's Epidiolex demonstrated reductions in seizure frequency from baseline of 56% and 47%, respectively, for the lower- and higher-dose treatments in phase 3 studies in Dravet syndrome patients.  Suffice it to say, these could be highly competitive indications for the foreseeable future.\nMarathon Digital Holdings: Implied sales increase of 12,629%\nNow, if you want pedal-to-the-metal growth, look no further than Marathon Digital Holdings (NASDAQ:MARA). After reporting a meager $4.36 million in sales in 2020, Wall Street anticipates full-year sales will climb to $555 million by 2023. That's an increase of 12,629%.\nIf you're wondering how sales growth of this magnitude is possible for a company not involved in drug development, look no further than cryptocurrencies.\nMarathon Digital is a cryptocurrency mining company. It operates a farm of high-powered computing devices designed to solve complex mathematical equations that validate groups of transactions (known as a block) as valid on a digital currency's blockchain. For being the first to validate a block, Marathon is paid a block reward. This reward is typically a set amount of digital tokens from the digital currency being mined.\nIn Marathon's case, it's mining Bitcoin (CRYPTO:BTC), the largest cryptocurrency in the world by market cap. Being the first to mine a Bitcoin block results in the company being awarded 6.25 Bitcoin tokens, which were worth a cool $292,000, as of Aug. 30.\nThe reason Marathon's sales are skyrocketing so quickly is because it's in the midst of deploying one of the largest Bitcoin-mining operations in the United States. As of the beginning of August, approximately 30,100 miners were operating, with another 103,000 ordered and yet to be installed. By the end of the first quarter of 2022, Marathon should have north of 100,000 miners in operation, with all 133,120 up and running by July 2022.\nThough Marathon is the fastest-growing of these three hypergrowth stocks, it's also arguably the most dangerous investment of this trio. That's because it's entirely dependent on external factors, such as interest in, and the price of, Bitcoin -- and not innovation.\nWhat's more, the barrier to entry in the cryptocurrency mining space is virtually nonexistent. As time passes, it's going to be tougher for Marathon to successfully mine Bitcoin.\nAs the icing on the cake, Bitcoin's block rewards halve every four years. By 2024, only 3.125 Bitcoin tokens will be paid for validating a block. Essentially, Marathon is competing against a growing number of mining companies for a reward that's shrinking. It simply doesn't sound like an operating model with long-term staying power.","news_type":1},"isVote":1,"tweetType":1,"viewCount":942,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815749296,"gmtCreate":1630722191215,"gmtModify":1676530384604,"author":{"id":"4090026511774010","authorId":"4090026511774010","name":"Surajk","avatar":"https://static.tigerbbs.com/8f7b4c7eeb075857f3179ad7bbd5ce8d","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090026511774010","authorIdStr":"4090026511774010"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/815749296","repostId":"1107645720","repostType":4,"isVote":1,"tweetType":1,"viewCount":356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891746980,"gmtCreate":1628435632240,"gmtModify":1703506214901,"author":{"id":"4090026511774010","authorId":"4090026511774010","name":"Surajk","avatar":"https://static.tigerbbs.com/8f7b4c7eeb075857f3179ad7bbd5ce8d","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090026511774010","authorIdStr":"4090026511774010"},"themes":[],"htmlText":"Good article","listText":"Good article","text":"Good article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/891746980","repostId":"2157490509","repostType":4,"isVote":1,"tweetType":1,"viewCount":433,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891748122,"gmtCreate":1628435590666,"gmtModify":1703506213278,"author":{"id":"4090026511774010","authorId":"4090026511774010","name":"Surajk","avatar":"https://static.tigerbbs.com/8f7b4c7eeb075857f3179ad7bbd5ce8d","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090026511774010","authorIdStr":"4090026511774010"},"themes":[],"htmlText":"Oops","listText":"Oops","text":"Oops","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/891748122","repostId":"1119792130","repostType":4,"repost":{"id":"1119792130","pubTimestamp":1628296709,"share":"https://ttm.financial/m/news/1119792130?lang=&edition=fundamental","pubTime":"2021-08-07 08:38","market":"us","language":"en","title":"Wall Street Crime And Punishment: Jordan Belfort, The Boiler Room Wolf","url":"https://stock-news.laohu8.com/highlight/detail?id=1119792130","media":"Benzinga","summary":"Does crime pay?\n“Making money is so easy,” said Jordan Belfort in a 2013 interview withNew Yorkmagaz","content":"<p><i>Does crime pay?</i></p>\n<p>“Making money is so easy,” said&nbsp;<b>Jordan Belfort</b>&nbsp;in a 2013 interview withNew Yorkmagazine. “It really is. It’s not hard to do.”</p>\n<p>Belfort’s breezy pronouncement came as part of the publicity drumming for the release of&nbsp;<b>Martin Scorsese’s</b>&nbsp;film version of Belfort’s autobiography<b>“The Wolf of Wall Street,”</b>which starred&nbsp;<b>Leonardo DiCaprio</b>&nbsp;as Belfort.</p>\n<p>The New York article also featured input from&nbsp;<b>Greg Coleman,</b>the FBI special agent responsible for Belfort’s arrest for fraud and stock market manipulation. From Coleman’s perspective, Belfort wasn't worthy of movie star-level worship.</p>\n<p>“From a moral perspective, he was a reprehensible human being,” Coleman said about Belfort. “Admiration would be the wrong word, but from the perspective of manipulating the market, he’s one of the best there is.”</p>\n<p><b>A Kick In The Teeth:</b>A native of New York City, Belfort was born in 1962 in the Bronx and raised in the Bayside section of Queens. Both of his parents were accountants who stressed the value of education and maturity.</p>\n<p>Belfort received a degree in biology from American University and saw his career path in dentistry. He made money to pursue his dental studies by selling Italian ices on a beach in Queens&nbsp;and enrolled in the University of Maryland School of Dentistry.</p>\n<p>He dropped out after the first day of studies when the dean of the school made the astonishing pronouncement:&nbsp;“The golden age of dentistry is over. If you're here simply because you're looking to make a lot of money, you're in the wrong place.\"</p>\n<p>But what was the right career for making money?</p>\n<p>Belfort returned from his day in dental school and found work as a door-to-door salesman in Long Island, where he sold meat and seafood. He started to grow a business based on this endeavor, but the effort failed to click and he wound up filing for bankruptcy by the time he was 25.</p>\n<p>“I was pretty talented,” he would later recall about this unsuccessful venture. “But the margins were too small.”</p>\n<p>However, a family friend pointed him to a position as a stockbroker broker trainee with the Manhattan-based firm<b>L.F. Rothschild,</b>but he lost that position when the firm experienced financial difficulty after the 1987 stock market crash.</p>\n<p>He took positions with other firms including&nbsp;<b>D.H. Blair</b>&nbsp;and<b>&nbsp;F.D. Roberts Securities and Investors Center</b>&nbsp;—&nbsp;the latter was apenny stockbrokerage shut down in 1989 by the U.S. Securities and Exchange Commission (SEC) one year after Belfort joined its staff.</p>\n<p>Discouraged at working for others in unstable environments, Belfort decided to turn entrepreneur and create his own financial operations,&nbsp;and that’s when the would-be dentist started his career lycanthropy into becoming the&nbsp;<b>Wolf of Wall Street.</b></p>\n<p><b>The Kodak Pitch:</b>In 1989, the 27-year-old Belfort teamed with 23-year-old&nbsp;<b>Kenneth Greene,</b>a fellow Investors Center employee who previously drove one of Belfort’s trucks during his meat selling days.</p>\n<p>The pair opened their own brokerage in a spare office in a Queens car dealership and then arranged to set up a franchise of&nbsp;<b>Stratton Securities,</b>a small broker-dealer operation.</p>\n<p>The duo seemed to strike gold quickly. Within five months of starting their franchise, they accumulated $250,000 and were able to buy Stratton Securities for themselves, renaming it&nbsp;<b>Stratton Oakmont</b>&nbsp;and establishing an operations center in Lake Success, a Long Island town which was best known as the first site of the United Nations headquarters before its Manhattan campus was constructed.</p>\n<p>By 1991, Stratton Oakmont generated $30 million in commissions from a 150-person workforce. Many of his team members were twentysomethings from blue-collar backgrounds eager to make a maximum amount of money in a minimal amount of time.</p>\n<p>Belfort also enjoyed his first brush with fame in 1991 via a profile inForbesthat harshly displayed his virtues and vices. On the plus side, the Forbes coverage offered insight into Belfort’s instruction on teaching his eager young employees the art of cold-calling potential investors.</p>\n<p>Using a technique he dubbed the<b>“Kodak pitch,”</b>Belfort instructed his brokers to begin their telephone spiel with a blue-chip stock such as&nbsp;<b>Eastman Kodak</b>&nbsp;before doing a hard-sell on obscurepenny stocks.</p>\n<p>Belfort also insisted that his brokers refuse to take no for an answer, offering them the mantra<b>“Whip their necks off, don't let ‘em off the phone.”</b></p>\n<p>Belfort’s team took his lessons to heart:&nbsp;Forbes reported they were, on average, earning $85,000 a year.</p>\n<p>Yet Forbes also highlighted Stratton Oakmont’s loosey-goosey approach to ethical operations, noting that the SEC began investigating the brokerage in its first year of operations over questionable sales and trading practices. Indeed, the magazine detailed several examples of pump-and-dump efforts by the Stratton Oakmont team that drove up prices on penny stock shares before selling them at their artificially inflated peak.</p>\n<p>Forbes diplomatically declined to identify Stratton Oakmont as a “boiler room,” but it was obvious what was taking place.</p>\n<p>Noting these antics, along with the SEC’s receipt of customer complaints, Forbes dubbed Belfort as “a kind of twisted Robin Hood who takes from the rich and gives to himself and his merry band of brokers.”&nbsp;Belfort defended his actions, claiming, “We contact high-net-worth investors. I couldn't live with myself if I was calling people who make $50,000 a year, and I'm taking their child's tuition money.”</p>\n<p>Also cited in his media debut was Belfort’s automobile, a&nbsp;<b>$175,000 Ferrari Testarossa.</b>This lavish hedonism was the start of a trend that would shape and then disfigure Belfort’s life.</p>\n<p><b>Ain’t We Got Fun?</b>Besides the SEC, Stratton Oakmont had been under watch by the&nbsp;<b>National Association of Securities Dealers</b>, the forerunner of today’s Financial Industry Regulatory Authority, right after its founding. Yet Stratton Oakmont was not expelled from the NASD until 1996 and Belfort was not indicted for securities fraud until 1999.</p>\n<p>In the years between his Forbes profile and his arrest, Belfort engaged an extravagant form of slow-motion, self-immolation fueled by drug addictions and financed by his pump-and-dump business.</p>\n<p>“I suffered from a disease called ‘more,’ he would lament in retrospect. “No matter how much I had, I wanted more.<b>You don't lose your ethics all at once.</b>It happens very slowly and, almost imperceptibly, you know you're doing things right and one day you step over the line.”</p>\n<p>Well, Belfort certainly went very much over that proverbial line. Financially, he was far ahead of the average American —&nbsp;at the peak of his earning power, he pocketed $50 million per year.</p>\n<p>Belfort’s wealth enabled him to purchase luxury residences and expensive toys that he had a strange habit of destroying, such as&nbsp;a luxury yacht once belonging&nbsp;to&nbsp;iconic designer&nbsp;<b>Coco Chanel</b>&nbsp;which he sank in a storm off the Sardinian coast in 1996;&nbsp;a Mercedes&nbsp;he totaled while driving high on quaaludes; and a helicopter that he somehow crash-landed on the front lawn of one of his mansions.</p>\n<p>The damage he inflicted on his property was mirrored by the insanity&nbsp;his drug habit inflicted on his body. “It was just like coke, coke, coke all day and I was like, ‘Screw you I don't have a problem,’” he would recall, adding, “I was like Al Pacino in ‘Scarface’ with a pile of cocaine. That's what my life had descended to.”</p>\n<p><b>The Inevitable Downfall:</b>Belfort’s luck began to slowly fray by 1994 when he reached an agreement with the SEC that required a lifetime ban from the securities industry. But he circumvented the&nbsp;prohibition by continuing to conduct business through<b>Danny Porush,</b>his right-hand man&nbsp;at Stratton Oakmont.</p>\n<p>Belfort also played fast with the rules in arranging the 1993 initial public offering for childhood friend&nbsp;<b>Steve Madden’s shoe company.</b>Madden would become entangled in Belfort’s schemes, including a deal to secretly buy and sell stock in Stratton deals on behalf of Porush, who was legally limited in trading stocks in those companies, and a secret arrangement to provide Belfort with a majority stake in his company despite the NASD’s severe restrictions on Belfort’s actions.</p>\n<p>Despite evidence of finance chicanery, Belfort’s downfall began with the arrest of his drug dealer, a martial artist named<b>Todd Garrett,</b>who was caught with $200,000 in cash from Belfort and Porush&nbsp;destined to be secretly transported to Switzerland. One year later, a French private banker who worked for a Swiss bank was arrested in Miami as part of a money-laundering scheme. In exchange for a lighter prison sentence, he identified his clients and cited Belfort and Porush.</p>\n<p><b>On Sept.&nbsp;2, 1998, Belfort was arrested for conspiracy to commit money laundering and securities fraud that resulted in 1,513 investors being swindled out of more than $200 million.</b>After a week in custody, Belfort agreed to cut a deal with law enforcement agencies and agreed to wear a wire and record conversations with business associates who were under investigation.</p>\n<p>Belfort’s work as an informant brought dozens of financial professionals and lawyers into prison, but he was not spared from incarceration.&nbsp;Although sentenced to four years in prison in 2003, he only served a 22-month sentence. He was also ordered to pay a $110 million fine.</p>\n<p><b>A Stellar Encore:</b>While serving his prison sentence, Belfort shared a cell with comedian&nbsp;<b>Tommy Chong,</b>who was incarcerated on drug-related charges. Chong encouraged Belfort to write his autobiography. After his release from prison in April 2006, his memoir “The Wolf of Wall Street” was acquired by&nbsp;<b>Random House</b>&nbsp;for $500,000 and became a critically acclaimed best-seller upon its 2007 publication. A second book, “Catching the Wolf of Wall Street,” was published in 2009.</p>\n<p>The film version of “The Wolf of Wall Street” brought Belfort a new degree of pop culture recognition and helped in his post-prison career as&nbsp;<b>a motivational speaker.</b></p>\n<p>These years have not been without controversy. Prosecutors have accused him of failing to compensate the victims of his crimes and pocketing lucrative speaking fees instead of channeling them to his restitution requirements. But the federal government overplayed its hand by accusing him of fleeing to Australia to hide his wealth and avoid paying taxes — Belfort received&nbsp;a public apology for the release of that misinformation.</p>\n<p><b>Belfort filed a $300 million lawsuit against Red Granite,</b>the production company that purchased the film rights to “The Wolf of Wall Street,” after it was exposed that the deal was financed with questionable funds from Malaysia. Belfort insisted he would never have transacted with the company if he was aware of the dirty money that financed its operations.</p>\n<p>Last month, Belfort posted a photo on his Facebook page that found him happily engaged in a poker game on a yacht’s casino table while a half-dozen cuties in bathing suits holding champagne glasses posed behind him. The message that accompanied the photo said,<b>“If you want to be rich, never give up... If you have persistence, you will come out ahead of most people... When you do something, you might fail... Do it differently each time... and one day, you will do it right. Failure is your friend.”</b></p>\n<p>For ex-FBI agent Greg Coleman, Belfort’s phoenix-like rise from the ashes of his own making represented the worst possible conclusion. Coleman&nbsp;considered Belfort’s ability to profit from his swindling and sourly told New York magazine ahead of “The Wolf of Wall Street” film premiere,<b>\"Crime pays.\"</b></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>Wall Street Crime And Punishment: Jordan Belfort, The Boiler Room Wolf</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\">\nWall Street Crime And Punishment: Jordan Belfort, The Boiler Room Wolf\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-07 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/08/22341233/wall-street-crime-and-punishment-jordan-belfort-the-boiler-room-wolf><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Does crime pay?\n“Making money is so easy,” said Jordan Belfort in a 2013 interview withNew Yorkmagazine. “It really is. It’s not hard to do.”\nBelfort’s breezy pronouncement came as part of the ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/08/22341233/wall-street-crime-and-punishment-jordan-belfort-the-boiler-room-wolf\">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/news/21/08/22341233/wall-street-crime-and-punishment-jordan-belfort-the-boiler-room-wolf","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119792130","content_text":"Does crime pay?\n“Making money is so easy,” said Jordan Belfort in a 2013 interview withNew Yorkmagazine. “It really is. It’s not hard to do.”\nBelfort’s breezy pronouncement came as part of the publicity drumming for the release of Martin Scorsese’s film version of Belfort’s autobiography“The Wolf of Wall Street,”which starred Leonardo DiCaprio as Belfort.\nThe New York article also featured input from Greg Coleman,the FBI special agent responsible for Belfort’s arrest for fraud and stock market manipulation. From Coleman’s perspective, Belfort wasn't worthy of movie star-level worship.\n“From a moral perspective, he was a reprehensible human being,” Coleman said about Belfort. “Admiration would be the wrong word, but from the perspective of manipulating the market, he’s one of the best there is.”\nA Kick In The Teeth:A native of New York City, Belfort was born in 1962 in the Bronx and raised in the Bayside section of Queens. Both of his parents were accountants who stressed the value of education and maturity.\nBelfort received a degree in biology from American University and saw his career path in dentistry. He made money to pursue his dental studies by selling Italian ices on a beach in Queens and enrolled in the University of Maryland School of Dentistry.\nHe dropped out after the first day of studies when the dean of the school made the astonishing pronouncement: “The golden age of dentistry is over. If you're here simply because you're looking to make a lot of money, you're in the wrong place.\"\nBut what was the right career for making money?\nBelfort returned from his day in dental school and found work as a door-to-door salesman in Long Island, where he sold meat and seafood. He started to grow a business based on this endeavor, but the effort failed to click and he wound up filing for bankruptcy by the time he was 25.\n“I was pretty talented,” he would later recall about this unsuccessful venture. “But the margins were too small.”\nHowever, a family friend pointed him to a position as a stockbroker broker trainee with the Manhattan-based firmL.F. Rothschild,but he lost that position when the firm experienced financial difficulty after the 1987 stock market crash.\nHe took positions with other firms including D.H. Blair and F.D. Roberts Securities and Investors Center — the latter was apenny stockbrokerage shut down in 1989 by the U.S. Securities and Exchange Commission (SEC) one year after Belfort joined its staff.\nDiscouraged at working for others in unstable environments, Belfort decided to turn entrepreneur and create his own financial operations, and that’s when the would-be dentist started his career lycanthropy into becoming the Wolf of Wall Street.\nThe Kodak Pitch:In 1989, the 27-year-old Belfort teamed with 23-year-old Kenneth Greene,a fellow Investors Center employee who previously drove one of Belfort’s trucks during his meat selling days.\nThe pair opened their own brokerage in a spare office in a Queens car dealership and then arranged to set up a franchise of Stratton Securities,a small broker-dealer operation.\nThe duo seemed to strike gold quickly. Within five months of starting their franchise, they accumulated $250,000 and were able to buy Stratton Securities for themselves, renaming it Stratton Oakmont and establishing an operations center in Lake Success, a Long Island town which was best known as the first site of the United Nations headquarters before its Manhattan campus was constructed.\nBy 1991, Stratton Oakmont generated $30 million in commissions from a 150-person workforce. Many of his team members were twentysomethings from blue-collar backgrounds eager to make a maximum amount of money in a minimal amount of time.\nBelfort also enjoyed his first brush with fame in 1991 via a profile inForbesthat harshly displayed his virtues and vices. On the plus side, the Forbes coverage offered insight into Belfort’s instruction on teaching his eager young employees the art of cold-calling potential investors.\nUsing a technique he dubbed the“Kodak pitch,”Belfort instructed his brokers to begin their telephone spiel with a blue-chip stock such as Eastman Kodak before doing a hard-sell on obscurepenny stocks.\nBelfort also insisted that his brokers refuse to take no for an answer, offering them the mantra“Whip their necks off, don't let ‘em off the phone.”\nBelfort’s team took his lessons to heart: Forbes reported they were, on average, earning $85,000 a year.\nYet Forbes also highlighted Stratton Oakmont’s loosey-goosey approach to ethical operations, noting that the SEC began investigating the brokerage in its first year of operations over questionable sales and trading practices. Indeed, the magazine detailed several examples of pump-and-dump efforts by the Stratton Oakmont team that drove up prices on penny stock shares before selling them at their artificially inflated peak.\nForbes diplomatically declined to identify Stratton Oakmont as a “boiler room,” but it was obvious what was taking place.\nNoting these antics, along with the SEC’s receipt of customer complaints, Forbes dubbed Belfort as “a kind of twisted Robin Hood who takes from the rich and gives to himself and his merry band of brokers.” Belfort defended his actions, claiming, “We contact high-net-worth investors. I couldn't live with myself if I was calling people who make $50,000 a year, and I'm taking their child's tuition money.”\nAlso cited in his media debut was Belfort’s automobile, a $175,000 Ferrari Testarossa.This lavish hedonism was the start of a trend that would shape and then disfigure Belfort’s life.\nAin’t We Got Fun?Besides the SEC, Stratton Oakmont had been under watch by the National Association of Securities Dealers, the forerunner of today’s Financial Industry Regulatory Authority, right after its founding. Yet Stratton Oakmont was not expelled from the NASD until 1996 and Belfort was not indicted for securities fraud until 1999.\nIn the years between his Forbes profile and his arrest, Belfort engaged an extravagant form of slow-motion, self-immolation fueled by drug addictions and financed by his pump-and-dump business.\n“I suffered from a disease called ‘more,’ he would lament in retrospect. “No matter how much I had, I wanted more.You don't lose your ethics all at once.It happens very slowly and, almost imperceptibly, you know you're doing things right and one day you step over the line.”\nWell, Belfort certainly went very much over that proverbial line. Financially, he was far ahead of the average American — at the peak of his earning power, he pocketed $50 million per year.\nBelfort’s wealth enabled him to purchase luxury residences and expensive toys that he had a strange habit of destroying, such as a luxury yacht once belonging to iconic designer Coco Chanel which he sank in a storm off the Sardinian coast in 1996; a Mercedes he totaled while driving high on quaaludes; and a helicopter that he somehow crash-landed on the front lawn of one of his mansions.\nThe damage he inflicted on his property was mirrored by the insanity his drug habit inflicted on his body. “It was just like coke, coke, coke all day and I was like, ‘Screw you I don't have a problem,’” he would recall, adding, “I was like Al Pacino in ‘Scarface’ with a pile of cocaine. That's what my life had descended to.”\nThe Inevitable Downfall:Belfort’s luck began to slowly fray by 1994 when he reached an agreement with the SEC that required a lifetime ban from the securities industry. But he circumvented the prohibition by continuing to conduct business throughDanny Porush,his right-hand man at Stratton Oakmont.\nBelfort also played fast with the rules in arranging the 1993 initial public offering for childhood friend Steve Madden’s shoe company.Madden would become entangled in Belfort’s schemes, including a deal to secretly buy and sell stock in Stratton deals on behalf of Porush, who was legally limited in trading stocks in those companies, and a secret arrangement to provide Belfort with a majority stake in his company despite the NASD’s severe restrictions on Belfort’s actions.\nDespite evidence of finance chicanery, Belfort’s downfall began with the arrest of his drug dealer, a martial artist namedTodd Garrett,who was caught with $200,000 in cash from Belfort and Porush destined to be secretly transported to Switzerland. One year later, a French private banker who worked for a Swiss bank was arrested in Miami as part of a money-laundering scheme. In exchange for a lighter prison sentence, he identified his clients and cited Belfort and Porush.\nOn Sept. 2, 1998, Belfort was arrested for conspiracy to commit money laundering and securities fraud that resulted in 1,513 investors being swindled out of more than $200 million.After a week in custody, Belfort agreed to cut a deal with law enforcement agencies and agreed to wear a wire and record conversations with business associates who were under investigation.\nBelfort’s work as an informant brought dozens of financial professionals and lawyers into prison, but he was not spared from incarceration. Although sentenced to four years in prison in 2003, he only served a 22-month sentence. He was also ordered to pay a $110 million fine.\nA Stellar Encore:While serving his prison sentence, Belfort shared a cell with comedian Tommy Chong,who was incarcerated on drug-related charges. Chong encouraged Belfort to write his autobiography. After his release from prison in April 2006, his memoir “The Wolf of Wall Street” was acquired by Random House for $500,000 and became a critically acclaimed best-seller upon its 2007 publication. A second book, “Catching the Wolf of Wall Street,” was published in 2009.\nThe film version of “The Wolf of Wall Street” brought Belfort a new degree of pop culture recognition and helped in his post-prison career as a motivational speaker.\nThese years have not been without controversy. Prosecutors have accused him of failing to compensate the victims of his crimes and pocketing lucrative speaking fees instead of channeling them to his restitution requirements. But the federal government overplayed its hand by accusing him of fleeing to Australia to hide his wealth and avoid paying taxes — Belfort received a public apology for the release of that misinformation.\nBelfort filed a $300 million lawsuit against Red Granite,the production company that purchased the film rights to “The Wolf of Wall Street,” after it was exposed that the deal was financed with questionable funds from Malaysia. Belfort insisted he would never have transacted with the company if he was aware of the dirty money that financed its operations.\nLast month, Belfort posted a photo on his Facebook page that found him happily engaged in a poker game on a yacht’s casino table while a half-dozen cuties in bathing suits holding champagne glasses posed behind him. The message that accompanied the photo said,“If you want to be rich, never give up... If you have persistence, you will come out ahead of most people... When you do something, you might fail... Do it differently each time... and one day, you will do it right. Failure is your friend.”\nFor ex-FBI agent Greg Coleman, Belfort’s phoenix-like rise from the ashes of his own making represented the worst possible conclusion. Coleman considered Belfort’s ability to profit from his swindling and sourly told New York magazine ahead of “The Wolf of Wall Street” film premiere,\"Crime pays.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":840,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899970909,"gmtCreate":1628155325501,"gmtModify":1703502226154,"author":{"id":"4090026511774010","authorId":"4090026511774010","name":"Surajk","avatar":"https://static.tigerbbs.com/8f7b4c7eeb075857f3179ad7bbd5ce8d","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090026511774010","authorIdStr":"4090026511774010"},"themes":[],"htmlText":"Nice Article","listText":"Nice Article","text":"Nice Article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/899970909","repostId":"1122849992","repostType":4,"repost":{"id":"1122849992","pubTimestamp":1628152495,"share":"https://ttm.financial/m/news/1122849992?lang=&edition=fundamental","pubTime":"2021-08-05 16:34","market":"us","language":"en","title":"Roku Slides as Reopening Leads to Less Streaming Viewing","url":"https://stock-news.laohu8.com/highlight/detail?id=1122849992","media":"Bloomberg","summary":"(Bloomberg) -- Roku Inc. shares tumbled in premarket trading on Thursday after it reported second-qu","content":"<p>(Bloomberg) -- Roku Inc. shares tumbled in premarket trading on Thursday after it reported second-quarter results that missed expectations on key metrics.</p>\n<p>The video-streaming platform company reported 55.1 million active customer accounts for the quarter and 17.4 billion streaming hours. The Bloomberg Consensus estimate had been for 55.8 million active customer accounts and 19.19 billion streaming hours.</p>\n<p>“In the near term, the varying rates of recovery from the pandemic around the world continue to present an uncertain operating environment,” the company wrote in a letter to shareholders. It added that the loosening of restrictions related to the pandemic had led to a broader secular decline in overall TV viewing.</p>\n<p>Shares fell over&nbsp;8% in&nbsp;premarket&nbsp;trading&nbsp;Thursday.</p>\n<p><img src=\"https://static.tigerbbs.com/c5160ff6c7c1b2e44a60bb3dc25b23ca\" tg-width=\"837\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p>\n<p>“We will definitely face difficult year-over-year comparisons in the back half of the year in terms of active accounts and streaming hours, but streaming video is a secular trend, not just a pandemic trend,” Steve Louden, Roku’s chief financial officer, said in an interview. “We feel good about the continued shift to streaming by viewers, and about advertising dollars continuing to move to streaming” and away from linear TV.</p>\n<p>Roku forecast third-quarter net revenue of $675 million to $685 million. The analyst consensus is for revenue of $646.5 million.</p>\n<p>For the second quarter, Roku revenue came in at $645.1 million, above the $613.1 million estimate.</p>\n<p>Shares of Roku are down about 12% from a record close hit in July, though it remains up nearly 50% from a May low, based on its most recent close. The stock rose 0.6% in Wednesday’s regular session.</p>","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>Roku Slides as Reopening Leads to Less Streaming Viewing</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\">\nRoku Slides as Reopening Leads to Less Streaming Viewing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-05 16:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/roku-slides-accounts-streaming-hours-202603181.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Roku Inc. shares tumbled in premarket trading on Thursday after it reported second-quarter results that missed expectations on key metrics.\nThe video-streaming platform company reported...</p>\n\n<a href=\"https://finance.yahoo.com/news/roku-slides-accounts-streaming-hours-202603181.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ROKU":"Roku Inc"},"source_url":"https://finance.yahoo.com/news/roku-slides-accounts-streaming-hours-202603181.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122849992","content_text":"(Bloomberg) -- Roku Inc. shares tumbled in premarket trading on Thursday after it reported second-quarter results that missed expectations on key metrics.\nThe video-streaming platform company reported 55.1 million active customer accounts for the quarter and 17.4 billion streaming hours. The Bloomberg Consensus estimate had been for 55.8 million active customer accounts and 19.19 billion streaming hours.\n“In the near term, the varying rates of recovery from the pandemic around the world continue to present an uncertain operating environment,” the company wrote in a letter to shareholders. It added that the loosening of restrictions related to the pandemic had led to a broader secular decline in overall TV viewing.\nShares fell over 8% in premarket trading Thursday.\n\n“We will definitely face difficult year-over-year comparisons in the back half of the year in terms of active accounts and streaming hours, but streaming video is a secular trend, not just a pandemic trend,” Steve Louden, Roku’s chief financial officer, said in an interview. “We feel good about the continued shift to streaming by viewers, and about advertising dollars continuing to move to streaming” and away from linear TV.\nRoku forecast third-quarter net revenue of $675 million to $685 million. The analyst consensus is for revenue of $646.5 million.\nFor the second quarter, Roku revenue came in at $645.1 million, above the $613.1 million estimate.\nShares of Roku are down about 12% from a record close hit in July, though it remains up nearly 50% from a May low, based on its most recent close. The stock rose 0.6% in Wednesday’s regular session.","news_type":1},"isVote":1,"tweetType":1,"viewCount":817,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899947134,"gmtCreate":1628155287828,"gmtModify":1703502225179,"author":{"id":"4090026511774010","authorId":"4090026511774010","name":"Surajk","avatar":"https://static.tigerbbs.com/8f7b4c7eeb075857f3179ad7bbd5ce8d","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090026511774010","authorIdStr":"4090026511774010"},"themes":[],"htmlText":"Nice Article","listText":"Nice Article","text":"Nice Article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899947134","repostId":"1181958362","repostType":4,"repost":{"id":"1181958362","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1628152985,"share":"https://ttm.financial/m/news/1181958362?lang=&edition=fundamental","pubTime":"2021-08-05 16:43","market":"us","language":"en","title":"Netflix Launching SpaceX Docuseries In September","url":"https://stock-news.laohu8.com/highlight/detail?id=1181958362","media":"Benzinga","summary":"SpaceX is holding its first all civilian launch in September and the training and mission flight wil","content":"<p>SpaceX is holding its first all civilian launch in September and the training and mission flight will be captured for viewers as part of a<b><a href=\"https://laohu8.com/S/NFLX\">Netflix</a> Inc</b>NFLXseries.</p>\n<p><b>What Happened:</b>Netflix willaira five-episode series called “Countdown: Inspiration4Mission to Space” coinciding with the SpaceX launch of the Dragon spacecraft, as noted by The Verge.</p>\n<p>The episodes will show the process of training for the flight and provide a behind-the-scenes look at the logistics of a flight to space.</p>\n<p>This is being billed as Netflix’s first near-real-time docuseries.</p>\n<p><img src=\"https://static.tigerbbs.com/8b8054e2415404122b4948cedc4cbdab\" tg-width=\"521\" tg-height=\"925\" referrerpolicy=\"no-referrer\">The first two episodes have a tentative release date of Sept.&nbsp;6 and episodes three and four will air a week later on Sept. 13.</p>\n<p>A fifth episode will air as a feature-length finale premiering at the end of September, according to Netflix.</p>\n<p>The series is co-produced by <a href=\"https://laohu8.com/S/TIME\">Time</a> Studios and will be directed by Jason Hehir, who created the successful sports docuseries “The Last Dance” featuring Michael Jordan and the Chicago Bulls.</p>\n<p>Netflix will also air “A StoryBots Space Adventure,” Sept. 14, a hybrid live-action animated show explaining how rockets work and how people eat in space to kids and families.</p>\n<p><i>Related Link:Elon Musk, SpaceX Will Be Focus Of HBO Miniseries</i></p>\n<p><b>Why It’s Important:</b>SpaceX, founded by<b>Tesla Inc</b>TSLACEO Elon Musk, announced the mission in February.</p>\n<p>The Dragon will spend up to five days in orbit of the Earth. The flight will be commanded by<b>Shift4 Payments Inc</b>FOUR 0.13%CEO<b>Jared Isaacman</b>. Also a pilot, Isaacman is raising $200 million for St. Jude Children’s Research Hospital as part of the flight.</p>\n<p>This docuseries from Netflix could beat another SpaceX project in a battle for streaming viewers. HBO Max, from<b>AT&amp;T Inc</b>T 0.04%,will aira six-episode series on Elon Musk and the creation of SpaceX.</p>\n<p>The HBO Max series is based on a book called “Elon Musk: Tesla, SpaceX and the Quest for a Fantastic Future.”</p>\n<p>The series from Netflix could create more interest in space and space-related stocks. Billionaires Sir Richard Branson and<b><a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> Inc</b>AMZNfounder<b>Jeff Bezos</b>flew to space on<b><a href=\"https://laohu8.com/S/SPCE\">Virgin Galactic</a></b>SPCE 0.06%and<b>Blue Origin</b>spacecraft respectively, creating more interest in the space sector in 2021.</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>Netflix Launching SpaceX Docuseries In September</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\">\nNetflix Launching SpaceX Docuseries In September\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-08-05 16:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>SpaceX is holding its first all civilian launch in September and the training and mission flight will be captured for viewers as part of a<b><a href=\"https://laohu8.com/S/NFLX\">Netflix</a> Inc</b>NFLXseries.</p>\n<p><b>What Happened:</b>Netflix willaira five-episode series called “Countdown: Inspiration4Mission to Space” coinciding with the SpaceX launch of the Dragon spacecraft, as noted by The Verge.</p>\n<p>The episodes will show the process of training for the flight and provide a behind-the-scenes look at the logistics of a flight to space.</p>\n<p>This is being billed as Netflix’s first near-real-time docuseries.</p>\n<p><img src=\"https://static.tigerbbs.com/8b8054e2415404122b4948cedc4cbdab\" tg-width=\"521\" tg-height=\"925\" referrerpolicy=\"no-referrer\">The first two episodes have a tentative release date of Sept.&nbsp;6 and episodes three and four will air a week later on Sept. 13.</p>\n<p>A fifth episode will air as a feature-length finale premiering at the end of September, according to Netflix.</p>\n<p>The series is co-produced by <a href=\"https://laohu8.com/S/TIME\">Time</a> Studios and will be directed by Jason Hehir, who created the successful sports docuseries “The Last Dance” featuring Michael Jordan and the Chicago Bulls.</p>\n<p>Netflix will also air “A StoryBots Space Adventure,” Sept. 14, a hybrid live-action animated show explaining how rockets work and how people eat in space to kids and families.</p>\n<p><i>Related Link:Elon Musk, SpaceX Will Be Focus Of HBO Miniseries</i></p>\n<p><b>Why It’s Important:</b>SpaceX, founded by<b>Tesla Inc</b>TSLACEO Elon Musk, announced the mission in February.</p>\n<p>The Dragon will spend up to five days in orbit of the Earth. The flight will be commanded by<b>Shift4 Payments Inc</b>FOUR 0.13%CEO<b>Jared Isaacman</b>. Also a pilot, Isaacman is raising $200 million for St. Jude Children’s Research Hospital as part of the flight.</p>\n<p>This docuseries from Netflix could beat another SpaceX project in a battle for streaming viewers. HBO Max, from<b>AT&amp;T Inc</b>T 0.04%,will aira six-episode series on Elon Musk and the creation of SpaceX.</p>\n<p>The HBO Max series is based on a book called “Elon Musk: Tesla, SpaceX and the Quest for a Fantastic Future.”</p>\n<p>The series from Netflix could create more interest in space and space-related stocks. Billionaires Sir Richard Branson and<b><a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> Inc</b>AMZNfounder<b>Jeff Bezos</b>flew to space on<b><a href=\"https://laohu8.com/S/SPCE\">Virgin Galactic</a></b>SPCE 0.06%and<b>Blue Origin</b>spacecraft respectively, creating more interest in the space sector in 2021.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞","QNETCN":"纳斯达克中美互联网老虎指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181958362","content_text":"SpaceX is holding its first all civilian launch in September and the training and mission flight will be captured for viewers as part of aNetflix IncNFLXseries.\nWhat Happened:Netflix willaira five-episode series called “Countdown: Inspiration4Mission to Space” coinciding with the SpaceX launch of the Dragon spacecraft, as noted by The Verge.\nThe episodes will show the process of training for the flight and provide a behind-the-scenes look at the logistics of a flight to space.\nThis is being billed as Netflix’s first near-real-time docuseries.\nThe first two episodes have a tentative release date of Sept. 6 and episodes three and four will air a week later on Sept. 13.\nA fifth episode will air as a feature-length finale premiering at the end of September, according to Netflix.\nThe series is co-produced by Time Studios and will be directed by Jason Hehir, who created the successful sports docuseries “The Last Dance” featuring Michael Jordan and the Chicago Bulls.\nNetflix will also air “A StoryBots Space Adventure,” Sept. 14, a hybrid live-action animated show explaining how rockets work and how people eat in space to kids and families.\nRelated Link:Elon Musk, SpaceX Will Be Focus Of HBO Miniseries\nWhy It’s Important:SpaceX, founded byTesla IncTSLACEO Elon Musk, announced the mission in February.\nThe Dragon will spend up to five days in orbit of the Earth. The flight will be commanded byShift4 Payments IncFOUR 0.13%CEOJared Isaacman. Also a pilot, Isaacman is raising $200 million for St. Jude Children’s Research Hospital as part of the flight.\nThis docuseries from Netflix could beat another SpaceX project in a battle for streaming viewers. HBO Max, fromAT&T IncT 0.04%,will aira six-episode series on Elon Musk and the creation of SpaceX.\nThe HBO Max series is based on a book called “Elon Musk: Tesla, SpaceX and the Quest for a Fantastic Future.”\nThe series from Netflix could create more interest in space and space-related stocks. Billionaires Sir Richard Branson andAmazon.com IncAMZNfounderJeff Bezosflew to space onVirgin GalacticSPCE 0.06%andBlue Originspacecraft respectively, creating more interest in the space sector in 2021.","news_type":1},"isVote":1,"tweetType":1,"viewCount":384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899942217,"gmtCreate":1628154976639,"gmtModify":1703502221078,"author":{"id":"4090026511774010","authorId":"4090026511774010","name":"Surajk","avatar":"https://static.tigerbbs.com/8f7b4c7eeb075857f3179ad7bbd5ce8d","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090026511774010","authorIdStr":"4090026511774010"},"themes":[],"htmlText":"Nice article","listText":"Nice article","text":"Nice article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899942217","repostId":"1172843004","repostType":4,"isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899942104,"gmtCreate":1628154954508,"gmtModify":1703502220916,"author":{"id":"4090026511774010","authorId":"4090026511774010","name":"Surajk","avatar":"https://static.tigerbbs.com/8f7b4c7eeb075857f3179ad7bbd5ce8d","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090026511774010","authorIdStr":"4090026511774010"},"themes":[],"htmlText":"Very informative..","listText":"Very informative..","text":"Very informative..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899942104","repostId":"1192728062","repostType":4,"isVote":1,"tweetType":1,"viewCount":790,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899946291,"gmtCreate":1628154911613,"gmtModify":1703502220108,"author":{"id":"4090026511774010","authorId":"4090026511774010","name":"Surajk","avatar":"https://static.tigerbbs.com/8f7b4c7eeb075857f3179ad7bbd5ce8d","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090026511774010","authorIdStr":"4090026511774010"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899946291","repostId":"2157480621","repostType":4,"isVote":1,"tweetType":1,"viewCount":446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802406091,"gmtCreate":1627792437513,"gmtModify":1703495967354,"author":{"id":"4090026511774010","authorId":"4090026511774010","name":"Surajk","avatar":"https://static.tigerbbs.com/8f7b4c7eeb075857f3179ad7bbd5ce8d","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090026511774010","authorIdStr":"4090026511774010"},"themes":[],"htmlText":"&nbsp;Nice post","listText":"&nbsp;Nice post","text":"Nice post","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/802406091","repostId":"1159296868","repostType":4,"repost":{"id":"1159296868","pubTimestamp":1627786610,"share":"https://ttm.financial/m/news/1159296868?lang=&edition=fundamental","pubTime":"2021-08-01 10:56","market":"us","language":"en","title":"Why Oracle Stock Could Be Volatile In August","url":"https://stock-news.laohu8.com/highlight/detail?id=1159296868","media":"InvestorPlace","summary":"Despite short-term profit-taking, ORCL stock should move higher in the coming months.\n\nOnce consider","content":"<blockquote>\n Despite short-term profit-taking, ORCL stock should move higher in the coming months.\n</blockquote>\n<p>Once considered a laggard company in the world of technology,<b>Oracle</b>&nbsp;(NYSE:<b>ORCL</b>) stock has made a comeback as one of the best-performing tech names of 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/1e4fb922d429b71a40534256e2dff304\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Jonathan Weiss / Shutterstock.com</p>\n<p>It was the original champion of database technology. Now Oracle is becoming an emerging force in both backend infrastructure technologies and software-as-a-service (SaaS). In other words, management is proving that what is considered outdated can quickly become hot again in the tech stock space.</p>\n<p>Investors have not been shy to bid ORCL stock up this year. Growth expectations mainly revolve around the cloud computing business. As a result, ORCL stock has soared by 56% over the last 12 months.</p>\n<p>And the rally accelerated after Oracle recently released its fourth-quarter and FY21 results. As a result, the shares hit a record high of $91.20. It currently trades around $87, up 35% in 2021. The current price supports a dividend yield of about 1.3%.</p>\n<p>Thanks to its success in the cloud, Oracle has outperformed many tech stocks currently underperforming the broader market this year. However, in the short run, ORCL stock is likely to be volatile and could see profit-taking</p>\n<p>Yet, long-term investors looking to generate lucrative returns in the rest of 2021 and beyond may consider buying the dips. Here’s why.</p>\n<p><b>How Recent Earnings Came</b></p>\n<p>Founded in 1977, Oracle is well-known for pioneering the first commercial SQL-based relational database management system. Now, with 430,000 customers in 175 countries, the tech giant provides database technology and enterprise resource planning (ERP) software to businesses and global governments. Its market capitalization&nbsp; stands at $246 billion.</p>\n<p>Oracle released&nbsp;fourth-quarter resultsin mid-June. Total revenue increased 8% year-over-year to $11.2 billion. Non-GAAP net income went up buy 20% to $4.5 billion, and non-GAAP earnings per share soared 29% to $1.54.</p>\n<p>In fiscal 2021, Oracle generated almost $13.8 billion in free cash flow. As a result, management invested heavily in stock buybacks. Excluding the $3 billion spent on dividends, it bought back 329 million shares at a cost of $21 billion in the past year. Cash and equivalents ended the fiscal year at $30.1 billion.</p>\n<p>On the results, CEO Safra Catz remarked, “Our Q4 performance was absolutely outstanding with total revenue beating guidance by nearly $200 million, and non-GAAP earnings per share beating guidance by $0.24.”</p>\n<p>Cloud apps saw 20% to 30% growth. Yet, it has not led to a significant increase in overall revenue for the fiscal year 2021. Oracle’s revenue of $40.5 billion grew only by 4% compared to the previous year.</p>\n<p>ORCL stock is currently trading at 19x forward price-earnings multiple and 6.5x current sales. The 12-month price target range for Oracle stock extends from $60 to $115. The median estimate of $80 would mean a decline of about 9% from the current levels. Therefore, short-term investors could see the shares come under pressure.</p>\n<p><b>Long-Term Tailwinds For Oracle Stock</b></p>\n<p>Despite the potential short-term volatility, there are many reasons for investors to consider ORCL stock. It has a broad portfolio addressing different spectrums of enterprise technology. Revenues have been gaining momentum after the company has shifted resources to the cloud space.</p>\n<p>Management regards the cloud in terms of platform, application, and infrastructure layers. Put another way, Oracle offers a complete package that may lead to a even a stronger competitive advantage in the long term.</p>\n<p>The company has recently announced plans to increase spending on data centers. It will double capital expenditures to almost $4 billion. Investors are hoping this heavy spending will boost the cloud businesses.</p>\n<p>Market research firm&nbsp;Research and Markets&nbsp;predicts cloud spending could grow at a compound annual growth rate of 17.5% through 2025. Although this implies a massive opportunity, Oracle currently has a minor share of the broad cloud market.</p>\n<p>The company still trails behind the market leader<b>Amazon</b>(NASDAQ:<b>AMZN</b>) as well as other&nbsp; competitors<b>Microsoft</b>(NASDAQ:<b>MSFT</b>) and&nbsp;<b>Alphabet</b>&nbsp;(NASDAQ:<b>GOOG</b>, NASDAQ:<b>GOOGL</b>). Recent quarterly metrics from these tech giants have shown the importance of cloud applications and services for revenues.</p>\n<p>If management were to continue its recent success, it would be possible to see Oracle grow its market cap to rapidly in the coming quarters as well.</p>\n<p><b>The Bottom Line on ORCL Stock</b></p>\n<p>Oracle’s revenue mix now focuses more on subscriptions, especially in the cloud space. Investors would like to see the bottom line grow in the coming quarters. However, it might still be several quarters before management’s efforts translate into higher earnings.</p>\n<p>Although I remain bullish on ORCL stock for the long run, I expect some profit-taking in the coming weeks Interested investors could regard any drop toward the $80 to $82 level as a better entry point.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Oracle Stock Could Be Volatile In August</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Oracle Stock Could Be Volatile In August\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-01 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/orcl-stock-could-be-volatile-in-august/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Despite short-term profit-taking, ORCL stock should move higher in the coming months.\n\nOnce considered a laggard company in the world of technology,Oracle (NYSE:ORCL) stock has made a comeback as one ...</p>\n\n<a href=\"https://investorplace.com/2021/07/orcl-stock-could-be-volatile-in-august/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ORCL":"甲骨文"},"source_url":"https://investorplace.com/2021/07/orcl-stock-could-be-volatile-in-august/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159296868","content_text":"Despite short-term profit-taking, ORCL stock should move higher in the coming months.\n\nOnce considered a laggard company in the world of technology,Oracle (NYSE:ORCL) stock has made a comeback as one of the best-performing tech names of 2021.\nSource: Jonathan Weiss / Shutterstock.com\nIt was the original champion of database technology. Now Oracle is becoming an emerging force in both backend infrastructure technologies and software-as-a-service (SaaS). In other words, management is proving that what is considered outdated can quickly become hot again in the tech stock space.\nInvestors have not been shy to bid ORCL stock up this year. Growth expectations mainly revolve around the cloud computing business. As a result, ORCL stock has soared by 56% over the last 12 months.\nAnd the rally accelerated after Oracle recently released its fourth-quarter and FY21 results. As a result, the shares hit a record high of $91.20. It currently trades around $87, up 35% in 2021. The current price supports a dividend yield of about 1.3%.\nThanks to its success in the cloud, Oracle has outperformed many tech stocks currently underperforming the broader market this year. However, in the short run, ORCL stock is likely to be volatile and could see profit-taking\nYet, long-term investors looking to generate lucrative returns in the rest of 2021 and beyond may consider buying the dips. Here’s why.\nHow Recent Earnings Came\nFounded in 1977, Oracle is well-known for pioneering the first commercial SQL-based relational database management system. Now, with 430,000 customers in 175 countries, the tech giant provides database technology and enterprise resource planning (ERP) software to businesses and global governments. Its market capitalization  stands at $246 billion.\nOracle released fourth-quarter resultsin mid-June. Total revenue increased 8% year-over-year to $11.2 billion. Non-GAAP net income went up buy 20% to $4.5 billion, and non-GAAP earnings per share soared 29% to $1.54.\nIn fiscal 2021, Oracle generated almost $13.8 billion in free cash flow. As a result, management invested heavily in stock buybacks. Excluding the $3 billion spent on dividends, it bought back 329 million shares at a cost of $21 billion in the past year. Cash and equivalents ended the fiscal year at $30.1 billion.\nOn the results, CEO Safra Catz remarked, “Our Q4 performance was absolutely outstanding with total revenue beating guidance by nearly $200 million, and non-GAAP earnings per share beating guidance by $0.24.”\nCloud apps saw 20% to 30% growth. Yet, it has not led to a significant increase in overall revenue for the fiscal year 2021. Oracle’s revenue of $40.5 billion grew only by 4% compared to the previous year.\nORCL stock is currently trading at 19x forward price-earnings multiple and 6.5x current sales. The 12-month price target range for Oracle stock extends from $60 to $115. The median estimate of $80 would mean a decline of about 9% from the current levels. Therefore, short-term investors could see the shares come under pressure.\nLong-Term Tailwinds For Oracle Stock\nDespite the potential short-term volatility, there are many reasons for investors to consider ORCL stock. It has a broad portfolio addressing different spectrums of enterprise technology. Revenues have been gaining momentum after the company has shifted resources to the cloud space.\nManagement regards the cloud in terms of platform, application, and infrastructure layers. Put another way, Oracle offers a complete package that may lead to a even a stronger competitive advantage in the long term.\nThe company has recently announced plans to increase spending on data centers. It will double capital expenditures to almost $4 billion. Investors are hoping this heavy spending will boost the cloud businesses.\nMarket research firm Research and Markets predicts cloud spending could grow at a compound annual growth rate of 17.5% through 2025. Although this implies a massive opportunity, Oracle currently has a minor share of the broad cloud market.\nThe company still trails behind the market leaderAmazon(NASDAQ:AMZN) as well as other  competitorsMicrosoft(NASDAQ:MSFT) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). Recent quarterly metrics from these tech giants have shown the importance of cloud applications and services for revenues.\nIf management were to continue its recent success, it would be possible to see Oracle grow its market cap to rapidly in the coming quarters as well.\nThe Bottom Line on ORCL Stock\nOracle’s revenue mix now focuses more on subscriptions, especially in the cloud space. Investors would like to see the bottom line grow in the coming quarters. However, it might still be several quarters before management’s efforts translate into higher earnings.\nAlthough I remain bullish on ORCL stock for the long run, I expect some profit-taking in the coming weeks Interested investors could regard any drop toward the $80 to $82 level as a better entry point.","news_type":1},"isVote":1,"tweetType":1,"viewCount":731,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":802406091,"gmtCreate":1627792437513,"gmtModify":1703495967354,"author":{"id":"4090026511774010","authorId":"4090026511774010","name":"Surajk","avatar":"https://static.tigerbbs.com/8f7b4c7eeb075857f3179ad7bbd5ce8d","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090026511774010","authorIdStr":"4090026511774010"},"themes":[],"htmlText":"&nbsp;Nice post","listText":"&nbsp;Nice post","text":"Nice post","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/802406091","repostId":"1159296868","repostType":4,"isVote":1,"tweetType":1,"viewCount":731,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891746980,"gmtCreate":1628435632240,"gmtModify":1703506214901,"author":{"id":"4090026511774010","authorId":"4090026511774010","name":"Surajk","avatar":"https://static.tigerbbs.com/8f7b4c7eeb075857f3179ad7bbd5ce8d","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090026511774010","authorIdStr":"4090026511774010"},"themes":[],"htmlText":"Good article","listText":"Good article","text":"Good article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/891746980","repostId":"2157490509","repostType":4,"isVote":1,"tweetType":1,"viewCount":433,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899970909,"gmtCreate":1628155325501,"gmtModify":1703502226154,"author":{"id":"4090026511774010","authorId":"4090026511774010","name":"Surajk","avatar":"https://static.tigerbbs.com/8f7b4c7eeb075857f3179ad7bbd5ce8d","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090026511774010","authorIdStr":"4090026511774010"},"themes":[],"htmlText":"Nice Article","listText":"Nice Article","text":"Nice Article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/899970909","repostId":"1122849992","repostType":4,"isVote":1,"tweetType":1,"viewCount":817,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815743197,"gmtCreate":1630722234219,"gmtModify":1676530384613,"author":{"id":"4090026511774010","authorId":"4090026511774010","name":"Surajk","avatar":"https://static.tigerbbs.com/8f7b4c7eeb075857f3179ad7bbd5ce8d","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090026511774010","authorIdStr":"4090026511774010"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/815743197","repostId":"2164879370","repostType":4,"isVote":1,"tweetType":1,"viewCount":942,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815749296,"gmtCreate":1630722191215,"gmtModify":1676530384604,"author":{"id":"4090026511774010","authorId":"4090026511774010","name":"Surajk","avatar":"https://static.tigerbbs.com/8f7b4c7eeb075857f3179ad7bbd5ce8d","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090026511774010","authorIdStr":"4090026511774010"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/815749296","repostId":"1107645720","repostType":4,"repost":{"id":"1107645720","pubTimestamp":1630679339,"share":"https://ttm.financial/m/news/1107645720?lang=&edition=fundamental","pubTime":"2021-09-03 22:28","market":"us","language":"en","title":"After criticism, Apple says it will delay child safety updates","url":"https://stock-news.laohu8.com/highlight/detail?id=1107645720","media":"Reuters","summary":"Sept 3 (Reuters) - Apple Inc said on Friday it would take more time to collect feedback and improve ","content":"<p>Sept 3 (Reuters) - Apple Inc said on Friday it would take more time to collect feedback and improve proposed child safety features after the criticism of the system on privacy and other grounds both inside and outside the company.</p>\n<p>Apple's promise last month to check U.S. customer phones and computers for child sex abuse images sparked a global backlash from a wide range of rights groups, with employees also criticizing the plan internally.</p>\n<p>Critics argued the feature could be exploited by repressive governments looking to find other material for censorship or arrests and would also be impossible for outside researchers to determine whether Apple was only checking a small set of on-device content.</p>\n<p>Apple countered that it would allow security researchers to verify its claims, but the company on Friday said it would take more time to make changes to the system.</p>\n<p>\"Based on feedback from customers, advocacy groups, researchers and others, we have decided to take additional time over the coming months to collect input and make improvements before releasing these critically important child safety features,\" the company said in a statement on Friday.</p>\n<p>Matthew Green, a cybersecurity researcher at Johns Hopkins University who had criticized Apple's move, said the Apple's move was \"promising.\"</p>\n<p>Green said on Twitter that Apple should \"be clear about why you’re scanning and what you’re scanning. Going from scanning nothing (but email attachments) to scanning everyone’s private photo library was an enormous delta. You need to justify escalations like this.\"</p>\n<p>Apple had been playing defense on the plan for weeks, and had already offered a series of explanations and documents to show that the risks of false detections were low.</p>\n<p>It had planned to roll out the feature for iPhones, iPads, and Mac with software updates later this year in the United States.</p>","source":"lsy1612507957220","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>After criticism, Apple says it will delay child safety updates</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\">\nAfter criticism, Apple says it will delay child safety updates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-03 22:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/2-apple-says-delays-child-132336835.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sept 3 (Reuters) - Apple Inc said on Friday it would take more time to collect feedback and improve proposed child safety features after the criticism of the system on privacy and other grounds both ...</p>\n\n<a href=\"https://finance.yahoo.com/news/2-apple-says-delays-child-132336835.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://finance.yahoo.com/news/2-apple-says-delays-child-132336835.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107645720","content_text":"Sept 3 (Reuters) - Apple Inc said on Friday it would take more time to collect feedback and improve proposed child safety features after the criticism of the system on privacy and other grounds both inside and outside the company.\nApple's promise last month to check U.S. customer phones and computers for child sex abuse images sparked a global backlash from a wide range of rights groups, with employees also criticizing the plan internally.\nCritics argued the feature could be exploited by repressive governments looking to find other material for censorship or arrests and would also be impossible for outside researchers to determine whether Apple was only checking a small set of on-device content.\nApple countered that it would allow security researchers to verify its claims, but the company on Friday said it would take more time to make changes to the system.\n\"Based on feedback from customers, advocacy groups, researchers and others, we have decided to take additional time over the coming months to collect input and make improvements before releasing these critically important child safety features,\" the company said in a statement on Friday.\nMatthew Green, a cybersecurity researcher at Johns Hopkins University who had criticized Apple's move, said the Apple's move was \"promising.\"\nGreen said on Twitter that Apple should \"be clear about why you’re scanning and what you’re scanning. Going from scanning nothing (but email attachments) to scanning everyone’s private photo library was an enormous delta. You need to justify escalations like this.\"\nApple had been playing defense on the plan for weeks, and had already offered a series of explanations and documents to show that the risks of false detections were low.\nIt had planned to roll out the feature for iPhones, iPads, and Mac with software updates later this year in the United States.","news_type":1},"isVote":1,"tweetType":1,"viewCount":356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891748122,"gmtCreate":1628435590666,"gmtModify":1703506213278,"author":{"id":"4090026511774010","authorId":"4090026511774010","name":"Surajk","avatar":"https://static.tigerbbs.com/8f7b4c7eeb075857f3179ad7bbd5ce8d","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090026511774010","authorIdStr":"4090026511774010"},"themes":[],"htmlText":"Oops","listText":"Oops","text":"Oops","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/891748122","repostId":"1119792130","repostType":4,"repost":{"id":"1119792130","pubTimestamp":1628296709,"share":"https://ttm.financial/m/news/1119792130?lang=&edition=fundamental","pubTime":"2021-08-07 08:38","market":"us","language":"en","title":"Wall Street Crime And Punishment: Jordan Belfort, The Boiler Room Wolf","url":"https://stock-news.laohu8.com/highlight/detail?id=1119792130","media":"Benzinga","summary":"Does crime pay?\n“Making money is so easy,” said Jordan Belfort in a 2013 interview withNew Yorkmagaz","content":"<p><i>Does crime pay?</i></p>\n<p>“Making money is so easy,” said&nbsp;<b>Jordan Belfort</b>&nbsp;in a 2013 interview withNew Yorkmagazine. “It really is. It’s not hard to do.”</p>\n<p>Belfort’s breezy pronouncement came as part of the publicity drumming for the release of&nbsp;<b>Martin Scorsese’s</b>&nbsp;film version of Belfort’s autobiography<b>“The Wolf of Wall Street,”</b>which starred&nbsp;<b>Leonardo DiCaprio</b>&nbsp;as Belfort.</p>\n<p>The New York article also featured input from&nbsp;<b>Greg Coleman,</b>the FBI special agent responsible for Belfort’s arrest for fraud and stock market manipulation. From Coleman’s perspective, Belfort wasn't worthy of movie star-level worship.</p>\n<p>“From a moral perspective, he was a reprehensible human being,” Coleman said about Belfort. “Admiration would be the wrong word, but from the perspective of manipulating the market, he’s one of the best there is.”</p>\n<p><b>A Kick In The Teeth:</b>A native of New York City, Belfort was born in 1962 in the Bronx and raised in the Bayside section of Queens. Both of his parents were accountants who stressed the value of education and maturity.</p>\n<p>Belfort received a degree in biology from American University and saw his career path in dentistry. He made money to pursue his dental studies by selling Italian ices on a beach in Queens&nbsp;and enrolled in the University of Maryland School of Dentistry.</p>\n<p>He dropped out after the first day of studies when the dean of the school made the astonishing pronouncement:&nbsp;“The golden age of dentistry is over. If you're here simply because you're looking to make a lot of money, you're in the wrong place.\"</p>\n<p>But what was the right career for making money?</p>\n<p>Belfort returned from his day in dental school and found work as a door-to-door salesman in Long Island, where he sold meat and seafood. He started to grow a business based on this endeavor, but the effort failed to click and he wound up filing for bankruptcy by the time he was 25.</p>\n<p>“I was pretty talented,” he would later recall about this unsuccessful venture. “But the margins were too small.”</p>\n<p>However, a family friend pointed him to a position as a stockbroker broker trainee with the Manhattan-based firm<b>L.F. Rothschild,</b>but he lost that position when the firm experienced financial difficulty after the 1987 stock market crash.</p>\n<p>He took positions with other firms including&nbsp;<b>D.H. Blair</b>&nbsp;and<b>&nbsp;F.D. Roberts Securities and Investors Center</b>&nbsp;—&nbsp;the latter was apenny stockbrokerage shut down in 1989 by the U.S. Securities and Exchange Commission (SEC) one year after Belfort joined its staff.</p>\n<p>Discouraged at working for others in unstable environments, Belfort decided to turn entrepreneur and create his own financial operations,&nbsp;and that’s when the would-be dentist started his career lycanthropy into becoming the&nbsp;<b>Wolf of Wall Street.</b></p>\n<p><b>The Kodak Pitch:</b>In 1989, the 27-year-old Belfort teamed with 23-year-old&nbsp;<b>Kenneth Greene,</b>a fellow Investors Center employee who previously drove one of Belfort’s trucks during his meat selling days.</p>\n<p>The pair opened their own brokerage in a spare office in a Queens car dealership and then arranged to set up a franchise of&nbsp;<b>Stratton Securities,</b>a small broker-dealer operation.</p>\n<p>The duo seemed to strike gold quickly. Within five months of starting their franchise, they accumulated $250,000 and were able to buy Stratton Securities for themselves, renaming it&nbsp;<b>Stratton Oakmont</b>&nbsp;and establishing an operations center in Lake Success, a Long Island town which was best known as the first site of the United Nations headquarters before its Manhattan campus was constructed.</p>\n<p>By 1991, Stratton Oakmont generated $30 million in commissions from a 150-person workforce. Many of his team members were twentysomethings from blue-collar backgrounds eager to make a maximum amount of money in a minimal amount of time.</p>\n<p>Belfort also enjoyed his first brush with fame in 1991 via a profile inForbesthat harshly displayed his virtues and vices. On the plus side, the Forbes coverage offered insight into Belfort’s instruction on teaching his eager young employees the art of cold-calling potential investors.</p>\n<p>Using a technique he dubbed the<b>“Kodak pitch,”</b>Belfort instructed his brokers to begin their telephone spiel with a blue-chip stock such as&nbsp;<b>Eastman Kodak</b>&nbsp;before doing a hard-sell on obscurepenny stocks.</p>\n<p>Belfort also insisted that his brokers refuse to take no for an answer, offering them the mantra<b>“Whip their necks off, don't let ‘em off the phone.”</b></p>\n<p>Belfort’s team took his lessons to heart:&nbsp;Forbes reported they were, on average, earning $85,000 a year.</p>\n<p>Yet Forbes also highlighted Stratton Oakmont’s loosey-goosey approach to ethical operations, noting that the SEC began investigating the brokerage in its first year of operations over questionable sales and trading practices. Indeed, the magazine detailed several examples of pump-and-dump efforts by the Stratton Oakmont team that drove up prices on penny stock shares before selling them at their artificially inflated peak.</p>\n<p>Forbes diplomatically declined to identify Stratton Oakmont as a “boiler room,” but it was obvious what was taking place.</p>\n<p>Noting these antics, along with the SEC’s receipt of customer complaints, Forbes dubbed Belfort as “a kind of twisted Robin Hood who takes from the rich and gives to himself and his merry band of brokers.”&nbsp;Belfort defended his actions, claiming, “We contact high-net-worth investors. I couldn't live with myself if I was calling people who make $50,000 a year, and I'm taking their child's tuition money.”</p>\n<p>Also cited in his media debut was Belfort’s automobile, a&nbsp;<b>$175,000 Ferrari Testarossa.</b>This lavish hedonism was the start of a trend that would shape and then disfigure Belfort’s life.</p>\n<p><b>Ain’t We Got Fun?</b>Besides the SEC, Stratton Oakmont had been under watch by the&nbsp;<b>National Association of Securities Dealers</b>, the forerunner of today’s Financial Industry Regulatory Authority, right after its founding. Yet Stratton Oakmont was not expelled from the NASD until 1996 and Belfort was not indicted for securities fraud until 1999.</p>\n<p>In the years between his Forbes profile and his arrest, Belfort engaged an extravagant form of slow-motion, self-immolation fueled by drug addictions and financed by his pump-and-dump business.</p>\n<p>“I suffered from a disease called ‘more,’ he would lament in retrospect. “No matter how much I had, I wanted more.<b>You don't lose your ethics all at once.</b>It happens very slowly and, almost imperceptibly, you know you're doing things right and one day you step over the line.”</p>\n<p>Well, Belfort certainly went very much over that proverbial line. Financially, he was far ahead of the average American —&nbsp;at the peak of his earning power, he pocketed $50 million per year.</p>\n<p>Belfort’s wealth enabled him to purchase luxury residences and expensive toys that he had a strange habit of destroying, such as&nbsp;a luxury yacht once belonging&nbsp;to&nbsp;iconic designer&nbsp;<b>Coco Chanel</b>&nbsp;which he sank in a storm off the Sardinian coast in 1996;&nbsp;a Mercedes&nbsp;he totaled while driving high on quaaludes; and a helicopter that he somehow crash-landed on the front lawn of one of his mansions.</p>\n<p>The damage he inflicted on his property was mirrored by the insanity&nbsp;his drug habit inflicted on his body. “It was just like coke, coke, coke all day and I was like, ‘Screw you I don't have a problem,’” he would recall, adding, “I was like Al Pacino in ‘Scarface’ with a pile of cocaine. That's what my life had descended to.”</p>\n<p><b>The Inevitable Downfall:</b>Belfort’s luck began to slowly fray by 1994 when he reached an agreement with the SEC that required a lifetime ban from the securities industry. But he circumvented the&nbsp;prohibition by continuing to conduct business through<b>Danny Porush,</b>his right-hand man&nbsp;at Stratton Oakmont.</p>\n<p>Belfort also played fast with the rules in arranging the 1993 initial public offering for childhood friend&nbsp;<b>Steve Madden’s shoe company.</b>Madden would become entangled in Belfort’s schemes, including a deal to secretly buy and sell stock in Stratton deals on behalf of Porush, who was legally limited in trading stocks in those companies, and a secret arrangement to provide Belfort with a majority stake in his company despite the NASD’s severe restrictions on Belfort’s actions.</p>\n<p>Despite evidence of finance chicanery, Belfort’s downfall began with the arrest of his drug dealer, a martial artist named<b>Todd Garrett,</b>who was caught with $200,000 in cash from Belfort and Porush&nbsp;destined to be secretly transported to Switzerland. One year later, a French private banker who worked for a Swiss bank was arrested in Miami as part of a money-laundering scheme. In exchange for a lighter prison sentence, he identified his clients and cited Belfort and Porush.</p>\n<p><b>On Sept.&nbsp;2, 1998, Belfort was arrested for conspiracy to commit money laundering and securities fraud that resulted in 1,513 investors being swindled out of more than $200 million.</b>After a week in custody, Belfort agreed to cut a deal with law enforcement agencies and agreed to wear a wire and record conversations with business associates who were under investigation.</p>\n<p>Belfort’s work as an informant brought dozens of financial professionals and lawyers into prison, but he was not spared from incarceration.&nbsp;Although sentenced to four years in prison in 2003, he only served a 22-month sentence. He was also ordered to pay a $110 million fine.</p>\n<p><b>A Stellar Encore:</b>While serving his prison sentence, Belfort shared a cell with comedian&nbsp;<b>Tommy Chong,</b>who was incarcerated on drug-related charges. Chong encouraged Belfort to write his autobiography. After his release from prison in April 2006, his memoir “The Wolf of Wall Street” was acquired by&nbsp;<b>Random House</b>&nbsp;for $500,000 and became a critically acclaimed best-seller upon its 2007 publication. A second book, “Catching the Wolf of Wall Street,” was published in 2009.</p>\n<p>The film version of “The Wolf of Wall Street” brought Belfort a new degree of pop culture recognition and helped in his post-prison career as&nbsp;<b>a motivational speaker.</b></p>\n<p>These years have not been without controversy. Prosecutors have accused him of failing to compensate the victims of his crimes and pocketing lucrative speaking fees instead of channeling them to his restitution requirements. But the federal government overplayed its hand by accusing him of fleeing to Australia to hide his wealth and avoid paying taxes — Belfort received&nbsp;a public apology for the release of that misinformation.</p>\n<p><b>Belfort filed a $300 million lawsuit against Red Granite,</b>the production company that purchased the film rights to “The Wolf of Wall Street,” after it was exposed that the deal was financed with questionable funds from Malaysia. Belfort insisted he would never have transacted with the company if he was aware of the dirty money that financed its operations.</p>\n<p>Last month, Belfort posted a photo on his Facebook page that found him happily engaged in a poker game on a yacht’s casino table while a half-dozen cuties in bathing suits holding champagne glasses posed behind him. The message that accompanied the photo said,<b>“If you want to be rich, never give up... If you have persistence, you will come out ahead of most people... When you do something, you might fail... Do it differently each time... and one day, you will do it right. Failure is your friend.”</b></p>\n<p>For ex-FBI agent Greg Coleman, Belfort’s phoenix-like rise from the ashes of his own making represented the worst possible conclusion. Coleman&nbsp;considered Belfort’s ability to profit from his swindling and sourly told New York magazine ahead of “The Wolf of Wall Street” film premiere,<b>\"Crime pays.\"</b></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>Wall Street Crime And Punishment: Jordan Belfort, The Boiler Room Wolf</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\">\nWall Street Crime And Punishment: Jordan Belfort, The Boiler Room Wolf\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-07 08:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/08/22341233/wall-street-crime-and-punishment-jordan-belfort-the-boiler-room-wolf><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Does crime pay?\n“Making money is so easy,” said Jordan Belfort in a 2013 interview withNew Yorkmagazine. “It really is. It’s not hard to do.”\nBelfort’s breezy pronouncement came as part of the ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/08/22341233/wall-street-crime-and-punishment-jordan-belfort-the-boiler-room-wolf\">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/news/21/08/22341233/wall-street-crime-and-punishment-jordan-belfort-the-boiler-room-wolf","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119792130","content_text":"Does crime pay?\n“Making money is so easy,” said Jordan Belfort in a 2013 interview withNew Yorkmagazine. “It really is. It’s not hard to do.”\nBelfort’s breezy pronouncement came as part of the publicity drumming for the release of Martin Scorsese’s film version of Belfort’s autobiography“The Wolf of Wall Street,”which starred Leonardo DiCaprio as Belfort.\nThe New York article also featured input from Greg Coleman,the FBI special agent responsible for Belfort’s arrest for fraud and stock market manipulation. From Coleman’s perspective, Belfort wasn't worthy of movie star-level worship.\n“From a moral perspective, he was a reprehensible human being,” Coleman said about Belfort. “Admiration would be the wrong word, but from the perspective of manipulating the market, he’s one of the best there is.”\nA Kick In The Teeth:A native of New York City, Belfort was born in 1962 in the Bronx and raised in the Bayside section of Queens. Both of his parents were accountants who stressed the value of education and maturity.\nBelfort received a degree in biology from American University and saw his career path in dentistry. He made money to pursue his dental studies by selling Italian ices on a beach in Queens and enrolled in the University of Maryland School of Dentistry.\nHe dropped out after the first day of studies when the dean of the school made the astonishing pronouncement: “The golden age of dentistry is over. If you're here simply because you're looking to make a lot of money, you're in the wrong place.\"\nBut what was the right career for making money?\nBelfort returned from his day in dental school and found work as a door-to-door salesman in Long Island, where he sold meat and seafood. He started to grow a business based on this endeavor, but the effort failed to click and he wound up filing for bankruptcy by the time he was 25.\n“I was pretty talented,” he would later recall about this unsuccessful venture. “But the margins were too small.”\nHowever, a family friend pointed him to a position as a stockbroker broker trainee with the Manhattan-based firmL.F. Rothschild,but he lost that position when the firm experienced financial difficulty after the 1987 stock market crash.\nHe took positions with other firms including D.H. Blair and F.D. Roberts Securities and Investors Center — the latter was apenny stockbrokerage shut down in 1989 by the U.S. Securities and Exchange Commission (SEC) one year after Belfort joined its staff.\nDiscouraged at working for others in unstable environments, Belfort decided to turn entrepreneur and create his own financial operations, and that’s when the would-be dentist started his career lycanthropy into becoming the Wolf of Wall Street.\nThe Kodak Pitch:In 1989, the 27-year-old Belfort teamed with 23-year-old Kenneth Greene,a fellow Investors Center employee who previously drove one of Belfort’s trucks during his meat selling days.\nThe pair opened their own brokerage in a spare office in a Queens car dealership and then arranged to set up a franchise of Stratton Securities,a small broker-dealer operation.\nThe duo seemed to strike gold quickly. Within five months of starting their franchise, they accumulated $250,000 and were able to buy Stratton Securities for themselves, renaming it Stratton Oakmont and establishing an operations center in Lake Success, a Long Island town which was best known as the first site of the United Nations headquarters before its Manhattan campus was constructed.\nBy 1991, Stratton Oakmont generated $30 million in commissions from a 150-person workforce. Many of his team members were twentysomethings from blue-collar backgrounds eager to make a maximum amount of money in a minimal amount of time.\nBelfort also enjoyed his first brush with fame in 1991 via a profile inForbesthat harshly displayed his virtues and vices. On the plus side, the Forbes coverage offered insight into Belfort’s instruction on teaching his eager young employees the art of cold-calling potential investors.\nUsing a technique he dubbed the“Kodak pitch,”Belfort instructed his brokers to begin their telephone spiel with a blue-chip stock such as Eastman Kodak before doing a hard-sell on obscurepenny stocks.\nBelfort also insisted that his brokers refuse to take no for an answer, offering them the mantra“Whip their necks off, don't let ‘em off the phone.”\nBelfort’s team took his lessons to heart: Forbes reported they were, on average, earning $85,000 a year.\nYet Forbes also highlighted Stratton Oakmont’s loosey-goosey approach to ethical operations, noting that the SEC began investigating the brokerage in its first year of operations over questionable sales and trading practices. Indeed, the magazine detailed several examples of pump-and-dump efforts by the Stratton Oakmont team that drove up prices on penny stock shares before selling them at their artificially inflated peak.\nForbes diplomatically declined to identify Stratton Oakmont as a “boiler room,” but it was obvious what was taking place.\nNoting these antics, along with the SEC’s receipt of customer complaints, Forbes dubbed Belfort as “a kind of twisted Robin Hood who takes from the rich and gives to himself and his merry band of brokers.” Belfort defended his actions, claiming, “We contact high-net-worth investors. I couldn't live with myself if I was calling people who make $50,000 a year, and I'm taking their child's tuition money.”\nAlso cited in his media debut was Belfort’s automobile, a $175,000 Ferrari Testarossa.This lavish hedonism was the start of a trend that would shape and then disfigure Belfort’s life.\nAin’t We Got Fun?Besides the SEC, Stratton Oakmont had been under watch by the National Association of Securities Dealers, the forerunner of today’s Financial Industry Regulatory Authority, right after its founding. Yet Stratton Oakmont was not expelled from the NASD until 1996 and Belfort was not indicted for securities fraud until 1999.\nIn the years between his Forbes profile and his arrest, Belfort engaged an extravagant form of slow-motion, self-immolation fueled by drug addictions and financed by his pump-and-dump business.\n“I suffered from a disease called ‘more,’ he would lament in retrospect. “No matter how much I had, I wanted more.You don't lose your ethics all at once.It happens very slowly and, almost imperceptibly, you know you're doing things right and one day you step over the line.”\nWell, Belfort certainly went very much over that proverbial line. Financially, he was far ahead of the average American — at the peak of his earning power, he pocketed $50 million per year.\nBelfort’s wealth enabled him to purchase luxury residences and expensive toys that he had a strange habit of destroying, such as a luxury yacht once belonging to iconic designer Coco Chanel which he sank in a storm off the Sardinian coast in 1996; a Mercedes he totaled while driving high on quaaludes; and a helicopter that he somehow crash-landed on the front lawn of one of his mansions.\nThe damage he inflicted on his property was mirrored by the insanity his drug habit inflicted on his body. “It was just like coke, coke, coke all day and I was like, ‘Screw you I don't have a problem,’” he would recall, adding, “I was like Al Pacino in ‘Scarface’ with a pile of cocaine. That's what my life had descended to.”\nThe Inevitable Downfall:Belfort’s luck began to slowly fray by 1994 when he reached an agreement with the SEC that required a lifetime ban from the securities industry. But he circumvented the prohibition by continuing to conduct business throughDanny Porush,his right-hand man at Stratton Oakmont.\nBelfort also played fast with the rules in arranging the 1993 initial public offering for childhood friend Steve Madden’s shoe company.Madden would become entangled in Belfort’s schemes, including a deal to secretly buy and sell stock in Stratton deals on behalf of Porush, who was legally limited in trading stocks in those companies, and a secret arrangement to provide Belfort with a majority stake in his company despite the NASD’s severe restrictions on Belfort’s actions.\nDespite evidence of finance chicanery, Belfort’s downfall began with the arrest of his drug dealer, a martial artist namedTodd Garrett,who was caught with $200,000 in cash from Belfort and Porush destined to be secretly transported to Switzerland. One year later, a French private banker who worked for a Swiss bank was arrested in Miami as part of a money-laundering scheme. In exchange for a lighter prison sentence, he identified his clients and cited Belfort and Porush.\nOn Sept. 2, 1998, Belfort was arrested for conspiracy to commit money laundering and securities fraud that resulted in 1,513 investors being swindled out of more than $200 million.After a week in custody, Belfort agreed to cut a deal with law enforcement agencies and agreed to wear a wire and record conversations with business associates who were under investigation.\nBelfort’s work as an informant brought dozens of financial professionals and lawyers into prison, but he was not spared from incarceration. Although sentenced to four years in prison in 2003, he only served a 22-month sentence. He was also ordered to pay a $110 million fine.\nA Stellar Encore:While serving his prison sentence, Belfort shared a cell with comedian Tommy Chong,who was incarcerated on drug-related charges. Chong encouraged Belfort to write his autobiography. After his release from prison in April 2006, his memoir “The Wolf of Wall Street” was acquired by Random House for $500,000 and became a critically acclaimed best-seller upon its 2007 publication. A second book, “Catching the Wolf of Wall Street,” was published in 2009.\nThe film version of “The Wolf of Wall Street” brought Belfort a new degree of pop culture recognition and helped in his post-prison career as a motivational speaker.\nThese years have not been without controversy. Prosecutors have accused him of failing to compensate the victims of his crimes and pocketing lucrative speaking fees instead of channeling them to his restitution requirements. But the federal government overplayed its hand by accusing him of fleeing to Australia to hide his wealth and avoid paying taxes — Belfort received a public apology for the release of that misinformation.\nBelfort filed a $300 million lawsuit against Red Granite,the production company that purchased the film rights to “The Wolf of Wall Street,” after it was exposed that the deal was financed with questionable funds from Malaysia. Belfort insisted he would never have transacted with the company if he was aware of the dirty money that financed its operations.\nLast month, Belfort posted a photo on his Facebook page that found him happily engaged in a poker game on a yacht’s casino table while a half-dozen cuties in bathing suits holding champagne glasses posed behind him. The message that accompanied the photo said,“If you want to be rich, never give up... If you have persistence, you will come out ahead of most people... When you do something, you might fail... Do it differently each time... and one day, you will do it right. Failure is your friend.”\nFor ex-FBI agent Greg Coleman, Belfort’s phoenix-like rise from the ashes of his own making represented the worst possible conclusion. Coleman considered Belfort’s ability to profit from his swindling and sourly told New York magazine ahead of “The Wolf of Wall Street” film premiere,\"Crime pays.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":840,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899947134,"gmtCreate":1628155287828,"gmtModify":1703502225179,"author":{"id":"4090026511774010","authorId":"4090026511774010","name":"Surajk","avatar":"https://static.tigerbbs.com/8f7b4c7eeb075857f3179ad7bbd5ce8d","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090026511774010","authorIdStr":"4090026511774010"},"themes":[],"htmlText":"Nice Article","listText":"Nice Article","text":"Nice Article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899947134","repostId":"1181958362","repostType":4,"isVote":1,"tweetType":1,"viewCount":384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899942104,"gmtCreate":1628154954508,"gmtModify":1703502220916,"author":{"id":"4090026511774010","authorId":"4090026511774010","name":"Surajk","avatar":"https://static.tigerbbs.com/8f7b4c7eeb075857f3179ad7bbd5ce8d","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090026511774010","authorIdStr":"4090026511774010"},"themes":[],"htmlText":"Very informative..","listText":"Very informative..","text":"Very informative..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899942104","repostId":"1192728062","repostType":4,"repost":{"id":"1192728062","pubTimestamp":1628148597,"share":"https://ttm.financial/m/news/1192728062?lang=&edition=fundamental","pubTime":"2021-08-05 15:29","market":"sg","language":"en","title":"SGX reveals $447m profit for FY2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1192728062","media":"Singapore Business","summary":"It points toward expansion as the driving factor of their success.\n\nSingapore Exchange (SGX) announc","content":"<blockquote>\n <b><i>It points toward expansion as the driving factor of their success.</i></b>\n</blockquote>\n<p>Singapore Exchange (SGX) announced a net profit of $447m for the financial year 2021 with a revenue of $1,056.7m.</p>\n<p>This is a slight dip from last year’s net profit $482.1m, with this year’s revenue seeing a slight increase from $1,052.7m.</p>\n<p>SGX attributes this growth to continued investment in expanding their business. From $486.9m, this year’s expenses increased by 8% to $525.2m. These largely went toward Scientific Beta and BidFX.</p>\n<p>Meanwhile, adjusted earnings before interest, taxes, depreciation, and amortization remained at $623.9m, down from last year’s $659.7m.</p>\n<p>Loh Boon Chye, CEO of SGX, remains proud of their current financial summary.</p>\n<p>“In FY2021, we continued to build, partner and acquire strategically – strengthening our capabilities, products and platforms across asset classes. We achieved a strong performance as we invested in growing our business, delivering similar record revenues compared to last year amidst a challenging environment. Notwithstanding the lower treasury income, our core business segments remained robust, with our fast-growing subsidiaries, Scientific Beta and BidFX, providing an added boost.”</p>","source":"lsy1618986048053","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>SGX reveals $447m profit for FY2021</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\">\nSGX reveals $447m profit for FY2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-05 15:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://sbr.com.sg/economy-stocks/news/sgx-reveals-447m-profit-fy2021><strong>Singapore Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It points toward expansion as the driving factor of their success.\n\nSingapore Exchange (SGX) announced a net profit of $447m for the financial year 2021 with a revenue of $1,056.7m.\nThis is a slight ...</p>\n\n<a href=\"https://sbr.com.sg/economy-stocks/news/sgx-reveals-447m-profit-fy2021\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"S68.SI":"新加坡交易所"},"source_url":"https://sbr.com.sg/economy-stocks/news/sgx-reveals-447m-profit-fy2021","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192728062","content_text":"It points toward expansion as the driving factor of their success.\n\nSingapore Exchange (SGX) announced a net profit of $447m for the financial year 2021 with a revenue of $1,056.7m.\nThis is a slight dip from last year’s net profit $482.1m, with this year’s revenue seeing a slight increase from $1,052.7m.\nSGX attributes this growth to continued investment in expanding their business. From $486.9m, this year’s expenses increased by 8% to $525.2m. These largely went toward Scientific Beta and BidFX.\nMeanwhile, adjusted earnings before interest, taxes, depreciation, and amortization remained at $623.9m, down from last year’s $659.7m.\nLoh Boon Chye, CEO of SGX, remains proud of their current financial summary.\n“In FY2021, we continued to build, partner and acquire strategically – strengthening our capabilities, products and platforms across asset classes. We achieved a strong performance as we invested in growing our business, delivering similar record revenues compared to last year amidst a challenging environment. Notwithstanding the lower treasury income, our core business segments remained robust, with our fast-growing subsidiaries, Scientific Beta and BidFX, providing an added boost.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":790,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899942217,"gmtCreate":1628154976639,"gmtModify":1703502221078,"author":{"id":"4090026511774010","authorId":"4090026511774010","name":"Surajk","avatar":"https://static.tigerbbs.com/8f7b4c7eeb075857f3179ad7bbd5ce8d","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090026511774010","authorIdStr":"4090026511774010"},"themes":[],"htmlText":"Nice article","listText":"Nice article","text":"Nice article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899942217","repostId":"1172843004","repostType":4,"isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899946291,"gmtCreate":1628154911613,"gmtModify":1703502220108,"author":{"id":"4090026511774010","authorId":"4090026511774010","name":"Surajk","avatar":"https://static.tigerbbs.com/8f7b4c7eeb075857f3179ad7bbd5ce8d","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090026511774010","authorIdStr":"4090026511774010"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899946291","repostId":"2157480621","repostType":4,"repost":{"id":"2157480621","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1628148322,"share":"https://ttm.financial/m/news/2157480621?lang=&edition=fundamental","pubTime":"2021-08-05 15:25","market":"us","language":"en","title":"Nintendo Q1 profit falls as Switch sales fade","url":"https://stock-news.laohu8.com/highlight/detail?id=2157480621","media":"Reuters","summary":"TOKYO (Reuters) - Japan's Nintendo Co Ltd on Thursday said it sold 4.45 million units of its Switch ","content":"<p>TOKYO (Reuters) - Japan's Nintendo Co Ltd on Thursday said it sold 4.45 million units of its Switch console in the April-June quarter, down from 5.7 million a year earlier, in a sign that demand for the hit device may be fading in its fifth year on the market.</p>\n<p>The company posted a 17% fall in operating profit to 119.8 billion yen ($1.09 billion), missing the 129.3 billion forecast by nine analysts, Refinitiv Eikon data showed.</p>\n<p>The game console maker stuck with its full-year profit forecast of 500 billion yen, lower than an average prediction for 623.5 billion yen from 19 analysts according to Refinitiv.</p>\n<p>($1 = 109.6200 yen)</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>Nintendo Q1 profit falls as Switch sales fade</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\">\nNintendo Q1 profit falls as Switch sales fade\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-05 15:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>TOKYO (Reuters) - Japan's Nintendo Co Ltd on Thursday said it sold 4.45 million units of its Switch console in the April-June quarter, down from 5.7 million a year earlier, in a sign that demand for the hit device may be fading in its fifth year on the market.</p>\n<p>The company posted a 17% fall in operating profit to 119.8 billion yen ($1.09 billion), missing the 129.3 billion forecast by nine analysts, Refinitiv Eikon data showed.</p>\n<p>The game console maker stuck with its full-year profit forecast of 500 billion yen, lower than an average prediction for 623.5 billion yen from 19 analysts according to Refinitiv.</p>\n<p>($1 = 109.6200 yen)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NTDOY":"任天堂"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2157480621","content_text":"TOKYO (Reuters) - Japan's Nintendo Co Ltd on Thursday said it sold 4.45 million units of its Switch console in the April-June quarter, down from 5.7 million a year earlier, in a sign that demand for the hit device may be fading in its fifth year on the market.\nThe company posted a 17% fall in operating profit to 119.8 billion yen ($1.09 billion), missing the 129.3 billion forecast by nine analysts, Refinitiv Eikon data showed.\nThe game console maker stuck with its full-year profit forecast of 500 billion yen, lower than an average prediction for 623.5 billion yen from 19 analysts according to Refinitiv.\n($1 = 109.6200 yen)","news_type":1},"isVote":1,"tweetType":1,"viewCount":446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}