Someone needs to pay the bill and this time it’s the growth investors – Sean Peche on mega-cap risk
Ranmore Fund Management founder Sean Peche shares his insight on US mega tech stocks Meta and PayPal sliding more than 20% following earnings.
PayPal
The Daily Insider: PayPal shares plunge as company adopts “a more cautious outlook”
PayPal shares plunged by a quarter – a $50bn valuation wipeout – after its CFO told analysts the company was adopting “a more cautious outlook”.
The currency of ideas as executive ROI
“When we value the ROI (Return on Ideas) of ideas, the new tools are just enablers. Not the holy grail.”
Elon Musk sees net worth soar, approaching $300bn — with insight from The Wall Street Journal
Tesla CEO Elon Musk has seen his net worth soar, as the electric carmaker’s market cap recently surpassed $1trn, reports The Wall Street Journal.
🔒 Alec Hogg: The downside of hypocrisy
Billionaire Peter Thiel has been campaigning for higher wealth taxes – but his own billions are shielded in a tax-free scheme.
🔒 Tesla’s $1.5bn Bitcoin bet – With insights from The Wall Street Journal
‘The electric-vehicle company also said it expects to start accepting bitcoin as payment for its products soon’, reports The Wall Street Journal.
🔒 How Facebook’s Libra stacks up against Bitcoin and Paypal – The Wall Street Journal
In many ways, Facebook’s Libra appears to operate more like existing web-payment systems, such as PayPal, than bitcoin.
Is another tech bubble brewing?
With global technology stocks enjoying strong returns, the big question is whether another tech bubble is brewing? While some market analysts say ‘yes’, Gerrit Smit of Stonehage Fleming has a different view.
🔒 WEBINAR: Global portfolio maintains +30% annualised run as Rand takes a knock
Since its launch three years ago, the Biznews Global Share portfolio has generated an annualised return of over 30%.
🔒 WORLDVIEW: Big day for Bitcoin as splinter may take cyber currency mainstream
Something really big happened in the cyber currency world yesterday with the launch of a splinter from increasingly popular Bitcoin.