Alec Hogg: The Big Tech stock that’s always on sale

Prosus/Naspers CEO Bob van Dijk had a lot of interesting things to say in our interview yesterday. Led by the disclosure that Deloitte has valued the group's non-Tencent assets at $39bn – almost double the figure of a year ago. Click here. That impressive number exposes the full extent of the share price discount (above), a problem Stephen Wilmot writes this morning for our partners at the Wall Street Journal. A must-read for Prosus/Naspers shareholders. Click here..Exciting news for our BizNews Share portfolio stalwart Netflix which last night signed up iconic filmmaker Steven Spielberg. The Netflix share price did not react. That won't worry fans like us because short-term focused Mr Market tends to ignore developments which deliver long-term advantages. Click here for the story. ___STEADY_PAYWALL___.Got a reminder yesterday why I've rated David Shapiro so highly for so long. He shrugged off Friday's US market panic, and, true to form, Wall Street rebounded last night. Click here. No such luck for cryptocurrencies, however, as Bitcoin took another hit after Beijing's crackdown intensified. Its price is now half its the mid-April peak. Click here.South Africans who stayed up late on Sunday night in the hope of witnessing a Louis Oosthuizen victory would have been sad at seeing him pipped. But chances are if those viewers could have chosen anyone else, eventual US Open golf winner Jon Rahm would have harvested most of their votes. The 26 year old Spaniard was prevented by a positive Covid test from cashing in on a six stroke lead going into the final round of The Memorial two weeks earlier. It's a great story. Click here..PLEASE READ – FOR YOUR WSJ.COM ACCESS….As a Premium subscriber you are entitled to full membership of wsj.com (normal price $29 a month). Be sure to action your access through the Premium link on the BizNews website. Because of The Wall Street Journal's credential requirements, be sure to create a password which has at least 8 characters and includes at least one letter and one number – NB it MAY NOT contain any special characters (ie #, !, @ etc). To maintain access to WSJ.com, you MUST enter our partner's website via BizNews Premium at least once a month. A final PS, if you had previously signed up for WSJ you'll need to clear the cookies from your device. Our help desk can assist – support@biznews.com.

Alec Hogg: The Big Tech stock that’s always on sale

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