Description: The start-up, which was at the center of a recent stock market frenzy, was valued at $6 billion in the new funding round. Source: NYTimes.com Date: Feb 08, 2021 Link: https://www.nytimes.com/2021/02/08/technology/reddit-raises-250-million.html Questions for discussion: What makes Reddit a special type of social media? What is their revenue source? What will they use the investment… Read more »
Posts Categorized: Personal Finance
Individual investors are back — here’s what it means for the stock market
Description: Look who’s back. After a long absence, active individual investors have returned. While breakneck and foolhardy trading activity in shares of GameStop Corp. GME, +19.20% has dominated the headlines, unanswered questions remain as to whether a broader resurgence in retail trading will last and what it will mean for the stock market as U.S. benchmark indexes march… Read more »
Pfizer CEO Says Science Will Prevail With Covid-19 Here to Stay
Description: In an interview with Bloomberg Editor-in-Chief John Micklethwait, one of the people most responsible for helping to vaccinate the world against Covid-19 discusses how his company is navigating the pandemic. Source: Bloomberg.com Date: Jan 28, 2021 Link: https://www.bloomberg.com/news/features/2021-01-28/covid-is-here-to-stay-pfizer-ceo-albert-bourla?srnd=businessweek-v2 Questions for discussion: From a financial point of view, does this report suggest Pfizer will have… Read more »
Nordstrom sees revenue rising 25% in 2021 as it puts focus on Rack, small-format stores and e-commerce
Description: Nordstrom said Thursday it expects revenue to rise more than 25% in fiscal 2021 from the prior year, with roughly half of its sales coming from its digital business. Last year, the department store chain rang up about a third of its sales online. Source: CNBC.com Date: Feb 04, 2021 Link: https://www.cnbc.com/2021/02/04/nordstrom-sees-2021-revenue-up-25percent-as-it-puts-focus-on-rack-e-commerce.html Questions for discussion:… Read more »
Lightspeed POS reports US$42.7M Q3 loss, trouble landing new customers amid pandemic
Description: Prolonged lockdowns meant to quell the spread of COVID-19 are making it tough for Lightspeed POS Inc. to pick up new customers. Source: Yahoo.Finance.com Date: Feb 04, 2021 Link: https://ca.finance.yahoo.com/news/lightspeed-pos-reports-us-42-134728566.html Questions for discussion: What does the report say about the firm’s recent financial performance and the reasons why? Do you think this should be… Read more »
Here’s what really happens to the items you return online
Description: You open up the box. For whatever reason, you don’t like it. So, you send it back…for free. No questions asked. The retailer pays for the shipping costs and already is losing money. Immediately the hourglass of profit turns. Each grain of sand, a few cents dropping from the original price of that air fryer. Source: CNN.com – video… Read more »
Amazon CEO Jeff Bezos is stepping down — here’s why Amazon stock isn’t crashing
Description: Amazon (AMZN) founder and CEO Jeff Bezos is a once in a generation inventor that has fundamentally changed how humans buy stuff and interact with the internet. Source: Yahoo.Finance.com Date: Feb 03, 2021 Link: https://ca.finance.yahoo.com/news/amazon-ceo-jeff-bezos-is-stepping-down-heres-why-amazon-stock-isnt-crashing-230652383.html Questions for discussion: From a managerial point of view, explain why Amazon stock is basically unaffected by the news… Read more »
‘Dumb Money’ Is on GameStop, and It’s Beating Wall Street at Its Own Game
Description: GameStop shares have soared 1,700 percent as millions of small investors, egged on by social media, employ a classic Wall Street tactic to put the squeeze — on Wall Street. Source: NYTimes.com Date: Jan 27, 2021 Link: https://www.nytimes.com/2021/01/27/business/gamestop-wall-street-bets.html Questions for discussion: Why are shares of GameStop rising? How do hedge funds stand to lose?… Read more »
Apple could hit $3 trillion market cap – Analyst
Description: “The [iPhone] supercycle — it’s not just hype, it’s reality. And it’s starting to play out,” Wedbush’s Dan Ives told Yahoo Finance. “I believe six to nine months from now we’re looking at a $3 trillion market cap for Apple.” Source: Yahoo.Finance.com – video report Date: Jan 28, 2021 Link: https://ca.finance.yahoo.com/video/apple-could-hit-3-trillion-214245529.html Questions for discussion:… Read more »
Wealthsimple CEO sounds alarm on investors ‘who don’t know what they’re doing’
Description: The head of Canadian online trading platform Wealthsimple Financial Inc. said there’s no plans to curb or throttle investors’ ability to trade in certain securities. Source: BNNBloomberg.com – video report Date: Jan 29, 2021 Link: https://www.bnnbloomberg.ca/wealthsimple-ceo-sounds-alarm-on-investors-who-don-t-know-what-they-re-doing-1.1556189 Questions for discussion: What does the report say about current buying behavior and industry thinking? What do you think the industry… Read more »
