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2022-11-06

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Chaos, Confusion at Twitter in Elon Musk’s First Week

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09:40","market":"us","language":"en","title":"Chaos, Confusion at Twitter in Elon Musk’s First Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1179650981","media":"wall street journal","summary":"He said he gave a copy of the cartoon to Mr. Musk.On Monday, Mr. Cornet said he was summoned to work on new projects. Two days later, he received an email that read, in part: “We regret to inform you that your employment is terminated effective immediately. Your recent behavior has violated multiple policies.”He said he wasn’t sure which policies he had violated. He added that he had recently created a browser extension for downloading work emails, which he believed would help colleagues save im","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/eaf6c671c81ce0cff97e0f1328b85621\" tg-width=\"1278\" tg-height=\"1278\" referrerpolicy=\"no-referrer\"/>Inside Twitter Inc. in the week after Elon Musk took it over, almost no one seemed to know for sure what was going on.</p><p>As Mr. Musk opined and joked on the platform about possible product changes, the mood among many inside the company was anxious and grim, according to interviews with employees. The one thing that seemed certain to employees was thatmany of them would soon lose their jobs, they said.</p><p>Late Thursday,the ax started falling, as the company hacked away large parts of the workforce of roughly 7,500 people, aiming to reduce costs and reshape Twitter to align with Mr. Musk’s vision. Befitting a platform built for real-time reaction, staffers tweeted as they lost access to company Slack and email accounts, not knowing for sure if that meant they were fired until official termination notices were sent on Friday morning.</p><p>The mass layoffs were the culmination of a dizzying week under Mr. Musk’s leadership, in which employees tried to adjust to his frenetic working style as their own futures at the company were in doubt. In internal messages and public posts, workers confronted the chaos with a mixture of anguish and wry jokes.</p><p>One programmer,Sheon Han, tweeted a picture of the Twitter logo next to a head of lettuce, in a spoof on theU.K. tabloid stuntto see if an unrefrigerated head of lettuce would last longer than Prime MinisterLiz Truss. In the case of Ms. Truss, the lettuce won.</p><p>“My employee login @Twitter vs. Lettuce,” Mr. Han tweeted on Wednesday night, adding, “Let’s goooooooooo.”</p><p>Mr. Han declined to provide comment about his employment status Friday.</p><p>Manu Cornet, a 41-year-old software engineer, said he was among the employees who met Mr. Musk at Twitter’s San Francisco headquarters in the billionaire’s first days as the self-styled “Chief Twit.”</p><p>Mr. Cornet, also an artist, had drawn a cartoon of a man who had accidentally broken a figurine of a bird resembling the Twitter logo, with another man saying: “You break it, you buy it!” He said he gave a copy of the cartoon to Mr. Musk.</p><p>On Monday, Mr. Cornet said he was summoned to work on new projects. Two days later, he received an email that read, in part: “We regret to inform you that your employment is terminated effective immediately. Your recent behavior has violated multiple policies.”</p><p>He said he wasn’t sure which policies he had violated. He added that he had recently created a browser extension for downloading work emails, which he believed would help colleagues save important documents in case they got laid off.</p><p>Mr. Cornet is among agroup of employees who filed a lawsuit against Twitterin San Francisco federal court accusing the company of violating federal and state law by not providing the legally required warning in advance of mass layoffs.</p><p>Twitter representatives didn’t respond to requests for comment.</p><p>In an email late Thursday telling employees that they would be informed the following morning if they were fired, the company said the layoffs were “an effort to place Twitter on a healthy path.”</p><p>Mr. Musk, in a tweet late Friday, said: “Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day.” He said affected employees were offered three months of severance.</p><p>On Saturday, Twitter co-founderJack Dorsey, who stepped down as CEO last year and who supported Mr. Musk’s acquisition, tweeted saying he took responsibility for growing the company too quickly. “I apologize for that,” he wrote.</p><p>Employees trickled out of Twitter steadily in the months after Mr. Musk’s $44 billion deal in April to buy the company, anxious about how things would play out. As Mr. Musk began to get cold feet, helashed out publicly at Twitter leadersincluding then-CEOParag Agrawal, fueling tension among many employees. Mr. Musk waged a monthslong legal battle to escape the deal before finally agreeing, again, to buy the platform last month.</p><p>As the billionaire completed the takeoveron Oct. 27, Mr. Agrawal and several other top executives were fired immediately. That was followed by media reports ofplanning for broad layoffs. Fears grew among many employees that Mr. Musk could try to cut jobs before a Nov. 1 stock vesting date, employees said. In a tweet after taking over, Mr. Musk denied that he would do so.</p><p>That meant employees’ grants were expected to be paid as cash at $54.20 a share, the price Mr. Musk paid for the company, according to SEC filings. The price represented a healthy premium over what Twitter had been valued at before the acquisition, creating a substantial windfall for employees with equity holdings.</p><p>Shortly after Mr. Musk’s takeover, Twitter managers were told to draw up lists evaluating staffers—essentially deciding who might stay and who might get fired, according to people familiar with the matter. Some employees referred to Mr. Musk’s allies as “goons,” they said.</p><p>The frustration among some employees was amplified, some of them said, byTesla engineers being brought into examine Twitter employees’ coding work. The Twitter employees believed those evaluations were being factored into the layoff plans, the people said.</p><p>The specifics of when the layoffs would come, and on what scale, were closely guarded.</p><p>One senior employee said that even information communicated to the inner circle was unreliable and contradictory. “The chaos level is so high,” the employee said.</p><p>Mr. Musk gathered acircle of advisers to help him reshape Twitter, including venture-capitalistsJason CalacanisandSriram Krishnan, also a former Twitter product leader. Meanwhile, Mr. Musk fired off tweets about various business possibilities. Employees were given days to develop new products, and plans appeared to change.</p><p>This rapid-fire approach to product development was a radical departure from the development style at the old Twitter, where any new products were closely studied to gauge how they would affect usage rates and other potential impacts.</p><p>Mr. Musk’s plan includes changing the platform byexpanding user verificationand improvingthe subscription offeringsto become less reliant on advertisers. He also discussed adding ways for content creators to make money on the platform so that they could earn a living on it, the way creators do on TikTok and YouTube.</p><p>Mr. Musk at one point tweeted a poll asking whether he should bring back Vine, the short-video service that Twitter shut down in 2016. The company has discussed relaunching a version of Vine by the end of the year, according to one employee.</p><p>Soon after the email to all employees went out Thursday, a staffer posted to the company’s internal Slack channel wishing everyone well and concluding with the “saluting face” emoji, according to employees.</p><p>That kicked off an hourslong series of such salutes from hundreds of Twitter employees. It eventually spilled into public tweets, with the saluting emoji becoming a symbol of the end of the pre-Musk version of the company. “There was this weird sense of celebration,” one employee said. “We were all together marking the ending of this thing.”</p></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chaos, Confusion at Twitter in Elon Musk’s First Week</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\">\nChaos, Confusion at Twitter in Elon Musk’s First Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-06 09:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/first-week-of-elon-musks-twitter-was-chaos-and-confusion-for-employees-11667670558?mod=hp_lead_pos1><strong>wall street journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Inside Twitter Inc. in the week after Elon Musk took it over, almost no one seemed to know for sure what was going on.As Mr. Musk opined and joked on the platform about possible product changes, the ...</p>\n\n<a href=\"https://www.wsj.com/articles/first-week-of-elon-musks-twitter-was-chaos-and-confusion-for-employees-11667670558?mod=hp_lead_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","TSLA":"特斯拉"},"source_url":"https://www.wsj.com/articles/first-week-of-elon-musks-twitter-was-chaos-and-confusion-for-employees-11667670558?mod=hp_lead_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179650981","content_text":"Inside Twitter Inc. in the week after Elon Musk took it over, almost no one seemed to know for sure what was going on.As Mr. Musk opined and joked on the platform about possible product changes, the mood among many inside the company was anxious and grim, according to interviews with employees. The one thing that seemed certain to employees was thatmany of them would soon lose their jobs, they said.Late Thursday,the ax started falling, as the company hacked away large parts of the workforce of roughly 7,500 people, aiming to reduce costs and reshape Twitter to align with Mr. Musk’s vision. Befitting a platform built for real-time reaction, staffers tweeted as they lost access to company Slack and email accounts, not knowing for sure if that meant they were fired until official termination notices were sent on Friday morning.The mass layoffs were the culmination of a dizzying week under Mr. Musk’s leadership, in which employees tried to adjust to his frenetic working style as their own futures at the company were in doubt. In internal messages and public posts, workers confronted the chaos with a mixture of anguish and wry jokes.One programmer,Sheon Han, tweeted a picture of the Twitter logo next to a head of lettuce, in a spoof on theU.K. tabloid stuntto see if an unrefrigerated head of lettuce would last longer than Prime MinisterLiz Truss. In the case of Ms. Truss, the lettuce won.“My employee login @Twitter vs. Lettuce,” Mr. Han tweeted on Wednesday night, adding, “Let’s goooooooooo.”Mr. Han declined to provide comment about his employment status Friday.Manu Cornet, a 41-year-old software engineer, said he was among the employees who met Mr. Musk at Twitter’s San Francisco headquarters in the billionaire’s first days as the self-styled “Chief Twit.”Mr. Cornet, also an artist, had drawn a cartoon of a man who had accidentally broken a figurine of a bird resembling the Twitter logo, with another man saying: “You break it, you buy it!” He said he gave a copy of the cartoon to Mr. Musk.On Monday, Mr. Cornet said he was summoned to work on new projects. Two days later, he received an email that read, in part: “We regret to inform you that your employment is terminated effective immediately. Your recent behavior has violated multiple policies.”He said he wasn’t sure which policies he had violated. He added that he had recently created a browser extension for downloading work emails, which he believed would help colleagues save important documents in case they got laid off.Mr. Cornet is among agroup of employees who filed a lawsuit against Twitterin San Francisco federal court accusing the company of violating federal and state law by not providing the legally required warning in advance of mass layoffs.Twitter representatives didn’t respond to requests for comment.In an email late Thursday telling employees that they would be informed the following morning if they were fired, the company said the layoffs were “an effort to place Twitter on a healthy path.”Mr. Musk, in a tweet late Friday, said: “Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day.” He said affected employees were offered three months of severance.On Saturday, Twitter co-founderJack Dorsey, who stepped down as CEO last year and who supported Mr. Musk’s acquisition, tweeted saying he took responsibility for growing the company too quickly. “I apologize for that,” he wrote.Employees trickled out of Twitter steadily in the months after Mr. Musk’s $44 billion deal in April to buy the company, anxious about how things would play out. As Mr. Musk began to get cold feet, helashed out publicly at Twitter leadersincluding then-CEOParag Agrawal, fueling tension among many employees. Mr. Musk waged a monthslong legal battle to escape the deal before finally agreeing, again, to buy the platform last month.As the billionaire completed the takeoveron Oct. 27, Mr. Agrawal and several other top executives were fired immediately. That was followed by media reports ofplanning for broad layoffs. Fears grew among many employees that Mr. Musk could try to cut jobs before a Nov. 1 stock vesting date, employees said. In a tweet after taking over, Mr. Musk denied that he would do so.That meant employees’ grants were expected to be paid as cash at $54.20 a share, the price Mr. Musk paid for the company, according to SEC filings. The price represented a healthy premium over what Twitter had been valued at before the acquisition, creating a substantial windfall for employees with equity holdings.Shortly after Mr. Musk’s takeover, Twitter managers were told to draw up lists evaluating staffers—essentially deciding who might stay and who might get fired, according to people familiar with the matter. Some employees referred to Mr. Musk’s allies as “goons,” they said.The frustration among some employees was amplified, some of them said, byTesla engineers being brought into examine Twitter employees’ coding work. The Twitter employees believed those evaluations were being factored into the layoff plans, the people said.The specifics of when the layoffs would come, and on what scale, were closely guarded.One senior employee said that even information communicated to the inner circle was unreliable and contradictory. “The chaos level is so high,” the employee said.Mr. Musk gathered acircle of advisers to help him reshape Twitter, including venture-capitalistsJason CalacanisandSriram Krishnan, also a former Twitter product leader. Meanwhile, Mr. Musk fired off tweets about various business possibilities. Employees were given days to develop new products, and plans appeared to change.This rapid-fire approach to product development was a radical departure from the development style at the old Twitter, where any new products were closely studied to gauge how they would affect usage rates and other potential impacts.Mr. Musk’s plan includes changing the platform byexpanding user verificationand improvingthe subscription offeringsto become less reliant on advertisers. He also discussed adding ways for content creators to make money on the platform so that they could earn a living on it, the way creators do on TikTok and YouTube.Mr. Musk at one point tweeted a poll asking whether he should bring back Vine, the short-video service that Twitter shut down in 2016. The company has discussed relaunching a version of Vine by the end of the year, according to one employee.Soon after the email to all employees went out Thursday, a staffer posted to the company’s internal Slack channel wishing everyone well and concluding with the “saluting face” emoji, according to employees.That kicked off an hourslong series of such salutes from hundreds of Twitter employees. It eventually spilled into public tweets, with the saluting emoji becoming a symbol of the end of the pre-Musk version of the company. “There was this weird sense of celebration,” one employee said. “We were all together marking the ending of this thing.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999345523,"gmtCreate":1660477961164,"gmtModify":1676533477590,"author":{"id":"4109821312465410","authorId":"4109821312465410","name":"Joe85","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4109821312465410","authorIdStr":"4109821312465410"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999345523","repostId":"1110057750","repostType":4,"isVote":1,"tweetType":1,"viewCount":176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045870470,"gmtCreate":1656600722190,"gmtModify":1676535860941,"author":{"id":"4109821312465410","authorId":"4109821312465410","name":"Joe85","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4109821312465410","authorIdStr":"4109821312465410"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045870470","repostId":"1151769798","repostType":4,"repost":{"id":"1151769798","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1656596479,"share":"https://ttm.financial/m/news/1151769798?lang=&edition=fundamental","pubTime":"2022-06-30 21:41","market":"us","language":"en","title":"Crypto Stocks Slumped in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1151769798","media":"Tiger Newspress","summary":"Crypto stocks slumped in morning trading. The9, Ebang Internationa, Marathon Digital, Riot Blockchai","content":"<html><head></head><body><p>Crypto stocks slumped in morning trading. The9, Ebang Internationa, Marathon Digital, Riot Blockchain, Coinbase, PayPal, Bit Digital, Block and Canaan fell between 3% and 11%.<img src=\"https://static.tigerbbs.com/9c5db0033a4e8635273d15a59eb382ae\" tg-width=\"284\" tg-height=\"555\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto Stocks Slumped in Morning Trading</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\">\nCrypto Stocks Slumped in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-06-30 21:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Crypto stocks slumped in morning trading. The9, Ebang Internationa, Marathon Digital, Riot Blockchain, Coinbase, PayPal, Bit Digital, Block and Canaan fell between 3% and 11%.<img src=\"https://static.tigerbbs.com/9c5db0033a4e8635273d15a59eb382ae\" tg-width=\"284\" tg-height=\"555\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NCTY":"第九城市","MARA":"MARA Holdings","COIN":"Coinbase Global, Inc.","RIOT":"Riot Platforms"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151769798","content_text":"Crypto stocks slumped in morning trading. The9, Ebang Internationa, Marathon Digital, Riot Blockchain, Coinbase, PayPal, Bit Digital, Block and Canaan fell between 3% and 11%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9984617383,"gmtCreate":1667616016042,"gmtModify":1676537945037,"author":{"id":"4109821312465410","authorId":"4109821312465410","name":"Joe85","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4109821312465410","authorIdStr":"4109821312465410"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9984617383","repostId":"1137019731","repostType":4,"repost":{"id":"1137019731","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1667569346,"share":"https://ttm.financial/m/news/1137019731?lang=&edition=fundamental","pubTime":"2022-11-04 21:42","market":"us","language":"en","title":"Block Stock Surges 8% After Cash App, Square Drive Big Q3 Earnings Beat","url":"https://stock-news.laohu8.com/highlight/detail?id=1137019731","media":"Tiger Newspress","summary":"Block stock gained 8% in morning trading after the payment tech company's Q3 earnings and revenue ex","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/SQ\">Block</a> stock gained 8% in morning trading after the payment tech company&#39;s Q3 earnings and revenue exceeded Wall Street expectations as gross profit at both its Cash App and Square ecosystem units climbed from the prior quarter and a year ago.</p><p><img src=\"https://static.tigerbbs.com/6424b659910f108cb94db0f9447435a2\" tg-width=\"776\" tg-height=\"674\" width=\"100%\" height=\"auto\"/>Q3 gross payment volume of $54.4B from $52.5B in Q2 and from $45.4B in Q3 2021.</p><p>Q3 adjusted EPS of $0.42 vs. $0.23 consensus, $0.18 in Q2 and $0.25 in the year-ago quarter.</p><p>Q3 total net revenue of $4.52B, vs. $4.47B consensus, $4.40B in the prior quarter and $B in the year-ago period.</p><p>Excluding bitcoin (BTC-USD) and BNPL, total net revenue was $2.54B vs. $2.41B in Q2 and rose 25% Y/Y.</p><p>Transaction-based revenue of $1.52B increased 17% Y/Y and rose from $1.48B in Q2.</p><p>Cash App generated $2.68B of revenue in Q3, up from $2.62B in the prior quarter and rose 12% Y/Y. Cash App generated $1.76B of bitcoin revenue compared with $1.79B in the previous quarter, while bitcoin gross profit of $37M fell 12% Y/Y. Cash App gross profit of $774M increased from $705M in the prior quarter and from $512M in Q3 2021.</p><p>The Square ecosystem generated $1.77B revenue in Q3 vs. $1.73B in Q2. Its gross profit of $783M increased from $755M in Q2 and from $606M in Q3 2021.</p><p>Q3 adjusted EBITDA of $327M vs. $187M in Q2 and $233M in Q3 2021.</p><p>Buy Now Pay Later platform contributed $210M in revenue in Q2 vs. $208M in Q2 and $150M of gross profit, the same as in the previous quarter.</p><p>For Q4, Block (SQ) is expecting non-GAAP operating expenses of $1.47B, up $206M from Q3. Excluding BNPL, it expects non-GAAP operating expenses of $1.25B, up $162M from the prior quarter.</p><p>On a GAAP basis, it expects to incur ~$57M quarterly expenses related to amortization of intangible assets through the remainder of 2022 and over the next few years, the same as its estimate in August.</p><p>Earlier, Block (SQ) non-GAAP EPS of $0.42 beats by $0.19, revenue of $4.52B beats by $50M.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Block Stock Surges 8% After Cash App, Square Drive Big Q3 Earnings Beat</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\">\nBlock Stock Surges 8% After Cash App, Square Drive Big Q3 Earnings Beat\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-11-04 21:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/SQ\">Block</a> stock gained 8% in morning trading after the payment tech company&#39;s Q3 earnings and revenue exceeded Wall Street expectations as gross profit at both its Cash App and Square ecosystem units climbed from the prior quarter and a year ago.</p><p><img src=\"https://static.tigerbbs.com/6424b659910f108cb94db0f9447435a2\" tg-width=\"776\" tg-height=\"674\" width=\"100%\" height=\"auto\"/>Q3 gross payment volume of $54.4B from $52.5B in Q2 and from $45.4B in Q3 2021.</p><p>Q3 adjusted EPS of $0.42 vs. $0.23 consensus, $0.18 in Q2 and $0.25 in the year-ago quarter.</p><p>Q3 total net revenue of $4.52B, vs. $4.47B consensus, $4.40B in the prior quarter and $B in the year-ago period.</p><p>Excluding bitcoin (BTC-USD) and BNPL, total net revenue was $2.54B vs. $2.41B in Q2 and rose 25% Y/Y.</p><p>Transaction-based revenue of $1.52B increased 17% Y/Y and rose from $1.48B in Q2.</p><p>Cash App generated $2.68B of revenue in Q3, up from $2.62B in the prior quarter and rose 12% Y/Y. Cash App generated $1.76B of bitcoin revenue compared with $1.79B in the previous quarter, while bitcoin gross profit of $37M fell 12% Y/Y. Cash App gross profit of $774M increased from $705M in the prior quarter and from $512M in Q3 2021.</p><p>The Square ecosystem generated $1.77B revenue in Q3 vs. $1.73B in Q2. Its gross profit of $783M increased from $755M in Q2 and from $606M in Q3 2021.</p><p>Q3 adjusted EBITDA of $327M vs. $187M in Q2 and $233M in Q3 2021.</p><p>Buy Now Pay Later platform contributed $210M in revenue in Q2 vs. $208M in Q2 and $150M of gross profit, the same as in the previous quarter.</p><p>For Q4, Block (SQ) is expecting non-GAAP operating expenses of $1.47B, up $206M from Q3. Excluding BNPL, it expects non-GAAP operating expenses of $1.25B, up $162M from the prior quarter.</p><p>On a GAAP basis, it expects to incur ~$57M quarterly expenses related to amortization of intangible assets through the remainder of 2022 and over the next few years, the same as its estimate in August.</p><p>Earlier, Block (SQ) non-GAAP EPS of $0.42 beats by $0.19, revenue of $4.52B beats by $50M.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137019731","content_text":"Block stock gained 8% in morning trading after the payment tech company's Q3 earnings and revenue exceeded Wall Street expectations as gross profit at both its Cash App and Square ecosystem units climbed from the prior quarter and a year ago.Q3 gross payment volume of $54.4B from $52.5B in Q2 and from $45.4B in Q3 2021.Q3 adjusted EPS of $0.42 vs. $0.23 consensus, $0.18 in Q2 and $0.25 in the year-ago quarter.Q3 total net revenue of $4.52B, vs. $4.47B consensus, $4.40B in the prior quarter and $B in the year-ago period.Excluding bitcoin (BTC-USD) and BNPL, total net revenue was $2.54B vs. $2.41B in Q2 and rose 25% Y/Y.Transaction-based revenue of $1.52B increased 17% Y/Y and rose from $1.48B in Q2.Cash App generated $2.68B of revenue in Q3, up from $2.62B in the prior quarter and rose 12% Y/Y. Cash App generated $1.76B of bitcoin revenue compared with $1.79B in the previous quarter, while bitcoin gross profit of $37M fell 12% Y/Y. Cash App gross profit of $774M increased from $705M in the prior quarter and from $512M in Q3 2021.The Square ecosystem generated $1.77B revenue in Q3 vs. $1.73B in Q2. Its gross profit of $783M increased from $755M in Q2 and from $606M in Q3 2021.Q3 adjusted EBITDA of $327M vs. $187M in Q2 and $233M in Q3 2021.Buy Now Pay Later platform contributed $210M in revenue in Q2 vs. $208M in Q2 and $150M of gross profit, the same as in the previous quarter.For Q4, Block (SQ) is expecting non-GAAP operating expenses of $1.47B, up $206M from Q3. Excluding BNPL, it expects non-GAAP operating expenses of $1.25B, up $162M from the prior quarter.On a GAAP basis, it expects to incur ~$57M quarterly expenses related to amortization of intangible assets through the remainder of 2022 and over the next few years, the same as its estimate in August.Earlier, Block (SQ) non-GAAP EPS of $0.42 beats by $0.19, revenue of $4.52B beats by $50M.","news_type":1},"isVote":1,"tweetType":1,"viewCount":94,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9990571419,"gmtCreate":1660379077037,"gmtModify":1676533462270,"author":{"id":"4109821312465410","authorId":"4109821312465410","name":"Joe85","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4109821312465410","authorIdStr":"4109821312465410"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990571419","repostId":"1129150866","repostType":4,"repost":{"id":"1129150866","kind":"news","pubTimestamp":1660352614,"share":"https://ttm.financial/m/news/1129150866?lang=&edition=fundamental","pubTime":"2022-08-13 09:03","market":"us","language":"en","title":"Why Stock Market Bulls Are Cheering the S&P 500’s Close above 4,231","url":"https://stock-news.laohu8.com/highlight/detail?id=1129150866","media":"MarketWatch","summary":"Many technical analysts pay attention to what’s known as the Fibonacci ratio, attributed to a 13th century Italian mathematician known as Leonardo “Fibonacci” of Pisa. It’s based on a sequence of whole numbers in which the sum of two adjacent numbers equals the next highest number (0,1,1,2,3,5,8,13, 21…","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/e150d7de731c2e2e0ebee4395029900d\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>The S&amp;P 500 index on Friday finished above a chart level that delivered a dose of encouragement to stock-market bulls arguing that the U.S. bear-market bottom is in, though technical analysts warned that it might not be a signal to go all in on equities.</p><p>The S&amp;P 500 on Friday rose 1.7% to close at 4,280.15. The finish above 4,231 would mean the large-cap benchmark has recovered — or retraced — more than 50% of its fall from a Jan. 3 record finish at 4796.56.</p><p>“Since 1950 there has never been a bear market rally that exceeded the 50% retracement and then gone on to make new cycle lows,” said Jonathan Krinsky, chief market technician at BTIG, in a note earlier this month.</p><p>Stocks rose across the board Friday, with the S&amp;P 500 booking a fourth straight weekly gain. The Dow Jones Industrial Average advanced more than 420 points, or 1.3%, on Friday and the Nasdaq Composite rose 2.1%. The S&amp;P 500 attempted to complete the retracement in Thursday’s session, when it traded as high as 4,257.91, but gave up gains to end at 4,207.27.</p><p>Krinsky, in a Thursday update, had noted that an intraday breach of the level doesn’t cut it, but had cautioned that a close above 4,231 would still leave him cautious about the near-term outlook.</p><p>“Because the retracement is based on a closing basis, we would want to see a close above 4,231 to trigger that signal. Whether or not that happens, however, the tactical risk/reward looks poor to us here,” he wrote.</p><p>What’s so special about a 50% retracement? Many technical analysts pay attention to what’s known as the Fibonacci ratio, attributed to a 13th century Italian mathematician known as Leonardo “Fibonacci” of Pisa. It’s based on a sequence of whole numbers in which the sum of two adjacent numbers equals the next highest number (0,1,1,2,3,5,8,13, 21…).</p><p>If a number in the sequence is divided by the next number, for example 8 divided by 13, the result is near 0.618, a ratio that’s been dubbed the Golden Mean due to its prevalence in nature in everything from seashells to ocean waves to proportions of the human body. Back on Wall Street, technical analysts see key retracement targets for a rally from a significant low to a significant peak at 38.2%, 50% and 61.8%, while retracements of 23.6% and 76.4% are seen as secondary targets.</p><p>The push above the 50% retracement level during Thursday’s recession may have contributed to a round of selling itself, said Jeff deGraaf, founder of Renaissance Macro Research, in a Friday note.</p><p>He observed that the retracement corresponded to a 65-day high for the S&amp;P 500, offering another indication of an improving trend in a bear market as it represents the highest level of the last rolling quarter. A 65-day high is often seen as a default signal for commodity trading advisers, not just in the S&amp;P 500 but in commodity, bond and forex markets as well.</p><p>“That level coincidentally corresponded with the 50% retracement level of the bear market,” he wrote. “In essence, it forced the hand of one group to cover shorts (CTAs) while simultaneously giving another group (Fibonacci followers) an excuse to sell” on Thursday.</p><p>Krinsky, meanwhile, cautioned that previous 50% retracements in 1974, 2004, and 2009 all saw decent shakeouts shortly after clearing that threshold.</p><p>“Further, as the market has cheered ‘peak inflation’, we are now seeing a quiet resurgence in many commodities, and bonds continue to weaken,” he wrote Thursday.</p></body></html>","source":"lsy1603348471595","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 Stock Market Bulls Are Cheering the S&P 500’s Close above 4,231</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Stock Market Bulls Are Cheering the S&P 500’s Close above 4,231\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-13 09:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-stock-market-bulls-are-obsessed-with-the-4-231-level-for-the-s-p-500-11660309355?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 index on Friday finished above a chart level that delivered a dose of encouragement to stock-market bulls arguing that the U.S. bear-market bottom is in, though technical analysts warned ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-stock-market-bulls-are-obsessed-with-the-4-231-level-for-the-s-p-500-11660309355?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/why-stock-market-bulls-are-obsessed-with-the-4-231-level-for-the-s-p-500-11660309355?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129150866","content_text":"The S&P 500 index on Friday finished above a chart level that delivered a dose of encouragement to stock-market bulls arguing that the U.S. bear-market bottom is in, though technical analysts warned that it might not be a signal to go all in on equities.The S&P 500 on Friday rose 1.7% to close at 4,280.15. The finish above 4,231 would mean the large-cap benchmark has recovered — or retraced — more than 50% of its fall from a Jan. 3 record finish at 4796.56.“Since 1950 there has never been a bear market rally that exceeded the 50% retracement and then gone on to make new cycle lows,” said Jonathan Krinsky, chief market technician at BTIG, in a note earlier this month.Stocks rose across the board Friday, with the S&P 500 booking a fourth straight weekly gain. The Dow Jones Industrial Average advanced more than 420 points, or 1.3%, on Friday and the Nasdaq Composite rose 2.1%. The S&P 500 attempted to complete the retracement in Thursday’s session, when it traded as high as 4,257.91, but gave up gains to end at 4,207.27.Krinsky, in a Thursday update, had noted that an intraday breach of the level doesn’t cut it, but had cautioned that a close above 4,231 would still leave him cautious about the near-term outlook.“Because the retracement is based on a closing basis, we would want to see a close above 4,231 to trigger that signal. Whether or not that happens, however, the tactical risk/reward looks poor to us here,” he wrote.What’s so special about a 50% retracement? Many technical analysts pay attention to what’s known as the Fibonacci ratio, attributed to a 13th century Italian mathematician known as Leonardo “Fibonacci” of Pisa. It’s based on a sequence of whole numbers in which the sum of two adjacent numbers equals the next highest number (0,1,1,2,3,5,8,13, 21…).If a number in the sequence is divided by the next number, for example 8 divided by 13, the result is near 0.618, a ratio that’s been dubbed the Golden Mean due to its prevalence in nature in everything from seashells to ocean waves to proportions of the human body. Back on Wall Street, technical analysts see key retracement targets for a rally from a significant low to a significant peak at 38.2%, 50% and 61.8%, while retracements of 23.6% and 76.4% are seen as secondary targets.The push above the 50% retracement level during Thursday’s recession may have contributed to a round of selling itself, said Jeff deGraaf, founder of Renaissance Macro Research, in a Friday note.He observed that the retracement corresponded to a 65-day high for the S&P 500, offering another indication of an improving trend in a bear market as it represents the highest level of the last rolling quarter. A 65-day high is often seen as a default signal for commodity trading advisers, not just in the S&P 500 but in commodity, bond and forex markets as well.“That level coincidentally corresponded with the 50% retracement level of the bear market,” he wrote. “In essence, it forced the hand of one group to cover shorts (CTAs) while simultaneously giving another group (Fibonacci followers) an excuse to sell” on Thursday.Krinsky, meanwhile, cautioned that previous 50% retracements in 1974, 2004, and 2009 all saw decent shakeouts shortly after clearing that threshold.“Further, as the market has cheered ‘peak inflation’, we are now seeing a quiet resurgence in many commodities, and bonds continue to weaken,” he wrote Thursday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}