In 1995 – three years before Google was founded, nine years ahead of Facebook, a decade before YouTube and 11 years earlier than Twitter – a US court judged that internet-based Prodigy Services was akin to a publisher because the web-services company vetted and deleted inappropriate material from online message... Show More
On the topic of valuation, Professor Aswath Damodaran is one of the greatest communicators of our time. Recently, he sat down with another famous NYU professor, Scott Galloway, to discuss the valuations of some of the world’s leading technology companies. Professor Galloway is known for his engaging TED-style talks where... Show More
During this week’s results presentation WPP Group (WPP, the old STW Communications) reported on the state of the advertising market for the past year as well as expectations over the next few years. Coming from a significant media buying group it made for interesting reading. Show More
If you weren’t aware of Twitter before the US Presidential race, then you surely are now. Provided you don’t use more than 140 characters, Twitter is a social media platform that largely lets you share any thought that crosses your mind with the entire world. Show More
Not even the patronage of Donald Trump could spare Twitter’s share price yesterday as the company published its lacklustre quarterly results. Disappointing ad sales, management turnover and sluggish user growth weighed on the performance of the California-based company, with results coming in below consensus Wall Street estimates. The firm’s net... Show More
The booming tech sector is gearing up for a wave of consolidation, as some companies discover they don’t have a business model, others find that they don’t have the cash to compete in a ferociously competitive market has been, by one measure, a huge success. It has a more than... Show More
Last Thursday night, the US NFL screened for the first time on what is effectively ‘Twitter TV’ - by which I mean a full live CBS broadcast of the game integrated into the Twitter feed on the phone, and cast straight to the lounge room tv. Show More
The “consensus” view on Brexit (as described by all those who thought Remain would win), is that it is a clear case of economic self-harm, and a victory of fear over confidence. Much was made of the fact that under 35s were overwhelmingly in favour of Remain, though less than... Show More
Whilst the headlines have focussed on Apple selling fewer iPhones, Twitter is the tech company with big, enduring problems. Show More
"Market Bites" brings together quick links to news and articles for our clients, which we think they may not have read, and will hopefully find of interest. Heavy on tech this week. Click for the last edition to take a look http://bit.ly/1KCyi28 Show More
Good morning, Show More
Let's take a quick break from US economic data to look at Twitter (TWTR) earnings. The micro-blogging giant is an important company to follow because it provides a good litmus test of investor sentiment towards social media (especially since TWTR doesn't turn a profit). That being said, the stock soared... Show More
Insight on Twitters result. Taking profits on USD/CAD longs and looking to buy back in at lower levels - https://www.ig.com/au/trader-radar/2014/07/30/twitter-sees-near-30--gain-post-market-18193 Show More
Twitter shares are up 35% in after-hours trading following better-than-expected second-quarter results. Twitter's user growth, revenue, and engagement stats all look good, and Twitter can thank the World Cup for a lot of that. CEO Dick Costolo said the World Cup has set a blueprint that will enable Twitter to... Show More
A view on US earnings season so far, from Saxo Bank Head of Equity Strategy Peter Garnry - Peter Garnry says 75% of posted results have been positive and around half of companies reporting earnings have seen a profits surprise on the upside. Garnry believes the positive earning season has... Show More
The NASDAQ was smashed on Friday and price action now favours short positions. Names like Facebook and Twitter have been offloaded at a rapid pace as money managers simply don't want to hold these names given the elevated valuations. Most have known for a while that this space had 'bubble'... Show More
All of a sudden tech stocks are selling off hard and there's no discernable catalyst for the move other than valuations getting ahead of themselves. Linkedin is down nearly 13% for the week, Twitter -9%, Netflix -6% and Facebook now -5%. Quartz says For one thing, it feels like an... Show More
All a Twitter? Your guide to social networks http://decisiveassetmanagement.blogspot.com.au/ Show More
This is an interesting story on the single event 5 years ago that marked the turning point for Twitter - remember the plane that landed on the Hudson.... Interesting short read to think where Twitter has come from in such a short space of time. http://www.cnbc.com/id/101336675 Show More
Silicon Valley's smartest investor says bubble trouble. Tom Perkins, the co-founder of Silicon Valley's most successful technology venture capital company, says US technology stocks are in a speculative bubble that must burst. His warning carries substantial weight because his firm, Kleiner Perkins Caufield & Byers, has been the most astute... Show More