Meta, the parent company of Facebook, has once again made headlines with its impressive fourth-quarter earnings report, surpassing analyst expectations on earnings, revenue, and user growth. The announcement also included a first for the company: a dividend payment to its investors. This news sent Meta’s stock soaring 15% in extended trading.
The anticipated peak of the earnings season is upon us as we venture into the final week of July. This period will witness companies spanning various sectors, publishing their financial reports. While much of the limelight is likely to be on tech behemoths, we must not overlook the importance of the forthcoming reports from businesses across consumer staples, industrials, and energy.
Source: Dreamstime
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An increasing number of people are reverting back to pre-covid shopping habits, and perhaps nobody felt the shockwave better than Amazon. After falling short of analysts’ forecasts, the company stock slid over 7% in extended-hours trading last Thursday.
Now, it’s up to the company’s new CEO, Andy Jassy, to reassure investors as to how the business is planning to retain its record growth, especially under the mounting scrutiny of regulators both on U.S. and European soil.
Source: DeltaStock
Mark Zuckerberg has once more voted in favour of stricter regulatory presence in the social media sector despite knowing full well how this move could affect his company’s profits.
Source: Pixabay.com
If you haven’t heard the words “blockchain”, “blockchain technology”, and “distributed ledger technology” (DLT), you must have been living under a rock for the past few years.
But most likely you have heard them repeated over and over again, touted as the greatest thing since sliced bread and the solution to all global woes.
Blockchain could do everything—create money, manage assets, transfer money, track the movement of bananas from the small farm in Ecuador to the supermarket, thus ensuring you are eating fair trade bananas, help you rent a car, manage the smart appliances in your home, offer solutions for personal identification and so on, and so forth.
Source: Pixabay.com
Slack, Lyft, Uber, Robinhood, Coinbase, Revolut, Airbnb. These are household names of successful companies that launched as a mere startup with a good idea and a smart business plan.
Having a startup and investing in a startup has become so trendy that the market is now oversaturated to the point where it almost seems like the world is about to run out of good ideas. So, is it really worth investing in a startup, however promising it may appear?