Tag: Stock

GoTo Gojek Stock Plummets 7% Despite Assurance of Healthy Financials

Just last month, the firm announced it retrenched 12% of its workforce. Indonesian internet company GoTo Gojek Tokopedia PT Tbk (IDX: GOTO) has seen a continuous and consistent drop in its shares as investor sentiments grow bearish across the board. After a 7% stock price drop to IDR 93.00, GoTo Gojek has now effectively shed off as much as 60% of its value from November and by over 70% since it went public. GoTo Gojek is notably one of the major casualties of this year’s economic downturn. The company’s woes…

Snapdeal Shelves IPO Plans as Investor Appetite for Tech Stock Wanes

The Snapdeal IPO may be launched at a later date. According to the firm, a move will depend on their need for capital at that time. Indian e-commerce marketplace Snapdeal is cutting its plans to float its Initial Public Offering (IPO) in which it plans to raise the sum of $152 million from investors. The company submitted a filing to the country’s market regulator SEBI in order to withdraw its IPO Prospectus, sources close to the matter confirmed. The move from Snapdeal puts an end to the more than 11…

Crypto & Stock Prices Jump Following Last Few Days of Weak Market

Stock and crypto prices increased on Thursday as the US Dollar Index weakened. Some of the market’s largest assets all rose. Crypto and stock prices climbed higher on Thursday, which should be a welcome development for long-suffering investors. The leading digital currency, Bitcoin (BTC), was trading up at around $17K, while Ether (ETH) was up 1.4% and changing hands at $1,248. Several other altcoins were also trading higher yesterday, with Binance (BNB) adding 1.3% and XRP tacking on 1.6%. Furthermore, Polygon’s native token MATIC grew 1.3%, while Dogecoin (DOGE) gained 0.8%. However, Polkadot’s digital currency DOT was…

Report Suggests FTX’s Tokenized Stocks Might Not Have Been Backed 1:1, Synthetics May Have Been Used to ‘Manipulate’ Real Stock Prices – Bitcoin News

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On Dec. 4, 2022, a report details that FTX-based synthetic stocks may have been used to manipulate the value of AMC shares. In May 2021, FTX offered 36 tokenized stocks but speculators believe it’s questionable whether or not the firm actually held the real stocks in the first place. FTX Listed 36 Synthetic Stocks and Minted Hundreds of Thousands of Tokenized Shares, Report Questions Whether or Not the Firm Actually Owned the Stocks FTX has been under the microscope ever since the exchange collapsed during the first week of November…

Salesforce (CRM) Stock Slumps 8% as Company Announces Exit of co-CEO Bret Taylor

The highlight of the earnings call was the surprise announcement of the departure of Salesforce co-CEO Bret Taylor. Software company Salesforce Inc (NYSE: CRM) saw its shares close down 8% following news on the co-CEO departure and its earnings report for the third quarter of fiscal 2023. In addition to the decline, the company is currently down 0.51% to $146.25 in after-hours trading. Per the earnings report, the cloud-based software company exceeded expectations, with $7.84 billion in revenue. Meanwhile, analysts predicted revenue to come in at $7.82 billion. Earnings per share (EPS) also…

Tesla (TSLA) Stock Soars 7% on News Fed May Slow Rate Hikes

Tesla CEO Elon Musk was one of those who shared his sentiments on the likelihood of a recession next year. The shares of American multinational electric car manufacturer Tesla Inc (NASDAQ: TSLA) are seeing marginal growth in the Pre-Market today after the stock recorded a bumper session on Wednesday. Investors went on a buying spree pushing the share price to $194.70 atop a 7.67% growth on Wednesday as Federal Reserve (Fed) Chairman, Jerome Powell hinted at the Brookings Institute that the Feds Funds Rate may start seeing smaller increases as early…

EV Charging Startup Volta Stock Closes Below 50 Cents for First Time since Public Listing

Volta recently closed under 50 cents for the first time as a public company due to a cash crunch and the possibility of stock delisting. EV charging startup Volta (NYSE: VLTA) saw its shares close below 50 cents for the first time since its public listing last year. This recent relative stock underperformance could be attributable to several factors affecting the electric car charging company. They include a cash crunch as well as the possibility of a stock delisting. Volta stock briefly climbed up to $13 in 2021 but plunged…

IBM and Australian Stock Market’s Blockchain Projects Failed, a Blow to Private Ledgers

The enterprise blockchain space, which doesn’t seem to experience the same bullish and bearish market cycles as public crypto, is now feeling a change in the broader economic climate, particularly in areas like shipping. This is one of the reasons TradeLens is closing shop, according to Lars Jensen, CEO of Vespucci Maritime, a consultancy firm to the container shipping industry. Source

“Crypto Market Is About To EXPLODE” Kevin O'Leary INSANE New Bitcoin & Ethereum Prediction

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io “Crypto Market Is About To EXPLODE” Kevin O’Leary INSANE New Bitcoin & Ethereum Prediction Kevin O’Leary has emerged as not only a huge crypto bull over the past 24 months but also somewhat of a contrarian investor when it comes to the direction of markets. As other economic experts and pundits are betting on lower lows across the board, O’Leary believes that most of the downside has been baked into markets and now is the time to begin adding to positions. In…

Raoul Pal Gives Update On FTX Collapse | Bitcoin, Ethereum, Crypto Update

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Raoul Pal Gives Update On FTX Collapse | Bitcoin, Ethereum, Crypto Update ——– CREDITS: Crypto UPDATE: Ask Me Anything LIVE w/ Raoul Pal ——————————————————————————– 🟢Subscribe here — ——————————————————————————– 👉 FINANCIAL DISCLAIMER This channel is intended to share tips and investment videos by experts. We DO NOT GIVE FINANCIAL ADVICE! Please consult a licensed financial advisor and do your own research before making any financial action. FAIR-USE COPYRIGHT DISCLAIMER Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for…