Tag Archives: crushed

Google Crushed Many Digital Ad Rivals. But a Challenger Is Rising.

Alphabet Inc.’s Google has crushed almost all its competitors in the world of digital-advertising technology. But one rival is emerging as the best hope to challenge the tech giant—if it manages to keep up its momentum. The Trade Desk Inc., which specializes in helping companies buy online ads across publishers’ websites, has done what others failed at: eating into Google’s share of the market. While Google dominates that area of ad-buying with about 40% of the business, Trade Desk is… Source link

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‘Retail suckers’ with FOMO will eventually get crushed on Bitcoin, says Roubini

Famed economist Nouriel Roubini argues that retail investors with “fear of missing out” are going to get crushed by investing in Bitcoin during its latest run higher. “We have, like in 2017, hundreds of thousands of retail suckers that are having FOMO (fear of missing out) going into this asset class. And they are going to buy it at peak like it happened in December of 2017 when it was $20,000 and fell to $3,000 by the end of the next year. So, it’s the same phenomenon — just people… Source link

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How a weekly Twitter poll crushed the S&P 500 in 2020

Could you beat the market using social media? (Getty) The 2020 stock market had several distinct phases. And few were as hotly debated — and ultimately as persistent — as the rise of the retail trader. Work from Wall Street firms including Goldman Sachs and Deutsche Bank chronicled the surge in new trading accounts opened in the spring and the areas of the market these new investors were playing in. This trend continued through the year. But at the beginning of 2020, before the pandemic’s… Source link

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Oil giants lost billions as pandemic crushed demand for fuel

NEW YORK — Two American oil giants lost more than $9 billion in the second quarter as the pandemic kept households on lockdown, cutting a gaping hole into a once-thriving business as the need for oil diminished around the world. Exxon lost $1.1 billion in the second quarter, and the Irving, Texas-based oil producer brought in $32.6 billion in revenue, less than half of what it brought in at the same time last year. Chevron Corp. lost $8.27 billion during the quarter, a sharp contrast to the… Source link

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