‘The Hard Thing About Hard Things’-Ben Horowitz
Quotes from the book: Whenever I meet a successful CEO, I ask them how they did it. Mediocre CEOs point to their brilliant strategic moves or their intuitive business sense or a variety of other self-congratulatory explanations. The great CEOs … Continue reading ‘The Hard Thing About Hard Things’-Ben Horowitz
Global Market Sentiment-Fall Time
What are the three big risks? 1. Recession The risks of a recession are higher in Europe than in the US – and mostly that’s down to the Russia-Ukraine war and sharply higher energy costs. And the economic slowdown in China has everyone … Continue reading Global Market Sentiment-Fall Time
PayPal’s Pay Pal
Paypal’s results update didn’t quite hit the target late last week, but its blossoming tech friendship might bode well for the future. What Does This Mean? You don’t have to be a genius to guess that companies like PayPal would suffer when spending’s on the decline, and this time, common sense is on the money: the company processed a disappointing 14% more payments by value last quarter versus the same time the year before. In fairness, PayPal’s focus on marketing towards existing customers was worth the work, with active accounts making 13% more transactions, helping revenue and profit beat analysts’ expectations. But … Continue reading PayPal’s Pay Pal
Buffeted But Still Standing
Warren Buffett’s Berkshire Hathaway reported quarterly results over the weekend, which showed that healthy income from high interest rates made up for some of last quarter’s stock losses. What Does This Mean? Warren Buffett and his right-hand man Charlie Munger have beefed … Continue reading Buffeted But Still Standing
Nintendo’s Dodging Obstacles
What’s Going On Here? Not even the slipperiest of bananas could trip up Nintendo’s quarterly results: the Japanese game maker upped its full-year profit outlook on Tuesday. What Does This Mean? The currency gods are smiling upon Nintendo right now: the yen’s … Continue reading Nintendo’s Dodging Obstacles
What just happened with Binance and FTX?
It’s been a wild week in crypto. Binance, the world’s biggest crypto exchange, announced Tuesday it plans to buy FTX, a top-five crypto exchange and one of its leading rivals. The next day, it walked away. Now, a bankruptcy filing … Continue reading What just happened with Binance and FTX?
Out of the Metaverse
What’s Going On Here? Meta announced the biggest staff cut in the company’s history on Wednesday. What Does This Mean? Meta’s dismal report from last month revealed its second-straight quarterly drop in revenue and piling losses from its risky metaverse bet. Investors dropped Meta … Continue reading Out of the Metaverse
Study notes from reading ‘Behind the Cloud’ by Marc Benioff
All success stories begin with an idea you truly believe in and the courage to go your own way when venture capitalists give you the cold shoulder. By clearly differentiating yourself from others, putting the customer at the heart of … Continue reading Study notes from reading ‘Behind the Cloud’ by Marc Benioff
Dutch and Austrian equities storm ahead of larger markets
MSCI’s index of Dutch stocks has risen 34% in US dollar terms during 2021. Two small European stock markets have produced some of the biggest gains in global equities this year, fuelled by companies benefiting from the chip shortage and … Continue reading Dutch and Austrian equities storm ahead of larger markets
DraftKings makes bid to acquire UK rival gambling group Entain
The £18.4bn approach from US sports betting company comes as domestic market enjoys explosive growth. DraftKings, which has built its business on US daily fantasy sports, launched an £18.4bn offer for UK-based Entain, longtime competitor of Flutter, owner of its fierce US … Continue reading DraftKings makes bid to acquire UK rival gambling group Entain
The GillPower 