2 Factors Why Sky-High Tesla is a Massively Overvalued Stock

Tesla is overvalued at $92.55 billion and has an extreme premium. Its earnings to valuation ratio is almost 10 times bigger than traditional carmakers. TSLA continues to be the most shorted automaker stock, and that’s a positive for the company. Tesla (NASDAQ: TSLA) is valued at $92.55 billion. That is just $8 billion short of […]

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Goldman’s Uber Stake Purge Leaves Late Retail Investors on Bumpy Road

Goldman sold its entire stake in Uber Technologies late last year. The sale netted the investment bank a massive return, despite the stocks poor performance. The IPO system favors Wall Street insiders while leaving retail investors holding the bag. One of the most anticipated IPOs of 2019, Uber Technologies Inc. (NYSE: UBER) turned out to […]

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Vox Cheered California’s Gig Economy Law, Then Fired Freelance Workers

Vox Media is laying off hundreds of freelance workers as California’s gig economy rights bill takes effect. Vox cheered for the gig economy bill on its own news pages. Now it’s letting freelance workers go because of the new law. This is a painfully ironic, cautionary tale against the broader labor movement represented by politicians […]

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Why Wikipedia Creator’s New ‘Facebook Killer’ Is Doomed to Fail

WT.Social is a new social network that doesn’t have ads and relies on subscriptions. Created by Wikipedia founder Jimmy Wales, it wants to be a “news focused” social network. However, its desire to avoid misinformation and clickbait means that it will shun some of the main drivers of social network growth. We’re all aware of […]

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Warren Wealth Tax Would Cost Mark Cuban 500 Shark Tank Deals

Mark Cuban would pay over $100 million in the first year under Elizabeth Warren’s wealth tax. The Shark Tank star has suggested an ulterior motive behind Warren’s radical ideas. Billionaire Tom Steyer has criticized Cuban over his attacks on Warren. The list of billionaires attacking Democratic presidential candidate Elizabeth Warren’s wealth tax plan is growing. […]

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Huobi Cloud to Offer White-Label Exchange Services in Middle East, Africa

Huobi Cloud, part of the crypto exchange Huobi Group, has announced its plan to provide more local financial institutions with white-label exchange services based on cloud technology in the Middle East and Africa. Existing institutions include the Nigeria-based SaBi exchange, with about $100,000 worth of daily crypto trading volume, and the South African exchange HIZA, […]

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John McCain Would Love Twitter’s Political Ad Ban

Jack Dorsey announced a ban on political ads starting November. The late Sen. John McCain was a life-long foe of “soft money.” Hillary Clinton supports Twitter’s political ban, and has condemned Facebook for hanging on to political advertising dollars. Donald Trump opposed Twitter’s new ad policy. With Twitter’s ban on paid political advertising, Jack Dorsey […]

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Cristiano Ronaldo Pockets Nearly $1 Million Per Paid Instagram Post

Cristiano Ronaldo incurred a substantial pay cut last year when he left Real Madrid for a new challenge with Juventus. Don’t feel too bad for the pride of Portugal, though. Not only does his contract with the Serie A power keep Ronaldo among the highest-paid footballers in the world, but he also enjoys a steady, […]

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Libra Could Drop ‘Basket’ and Issue Individual Fiat Stablecoins

The Facebook-led Libra project may consider a fundamental change to the way its planned global payments system will operate, according to its chief. Speaking at a banking seminar, according to a Reuters report on Sunday, co-creator of Libra David Marcus said that the firm could consider dropping the currently planned “synthetic” stablecoin – which is […]

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WATCH: ‘Big Four’ Exec Says Privacy is Key to Enterprise Blockchain Adoption

A senior executive at Big Four auditor Ernst & Young (EY) thinks blockchain will revolutionize commerce – if the community can solve its privacy issues. “Blockchain is going to be the tool that ties together not just individual companies, but whole business ecosystems and networks,” says EY global innovation lead Paul Brody. “Enterprises will not […]

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