In the midst of 2021’s soaring tech IPO and SPAC market, there was one former Wall Street analyst telling anyone who would listen that something was wrong. David Trainer, the founder and CEO of research firm New Constructs, was focused on the fundamentals of the businesses behind the record valuations, and what he saw wasn’t promising. Trainer warned investors in 2021 that many high-flying tech stocks and IPOs at the time were trading at “tech bubble” levels. And even worse, some were… Source link
Read More »Some Democrats urge Google to fix search results leading to fake abortion clinics
A group of Democratic lawmakers sent a letter to Google CEO Sundar Pichai on Friday urging Google to take steps to fix the search engine’s display of inaccurate results to users searching for abortion services. Why it matters: The 20 Democratic lawmakers, alongside Independent Bernie Sanders, wrote that Google’s provision of inaccurate results was “especially concerning” given the Supreme Court’s looming decision on abortion rights, which could see the court overturn Roe v. Wade. The big… Source link
Read More »China has discreetly taken 10 per cent of the world’s market for hydrogen fuel-cell vehicles. Here’s a look at the company leading the charge
In a mountainous Guangdong provincial city best known for its masonry and quarries, Yunfu is quietly carving out a niche in the global supply of hydrogen fuel-cell vehicles, a revolutionary propulsion system crucial to help the world cut greenhouse gases. At Guangdong Nation Synergy Hydrogen Power Technology, or Sinosynergy, workers were seen during a recent visit installing storage bottles and hydrogen fuel stacks on a vehicle before its delivery to Ningxia province in northwestern China. The… Source link
Read More »Google CEO Sundar Pichai Faced Intense Pushback from Employees. His Response Is a Masterclass in Leading People
Over the past two years, Google’s CEO, Sundar Pichai, has faced increased pushback from employees, most recently at an employee meeting in March. Employees there complained that the company is falling behind on issues like compensation and how the company reviews performance. Before that, Google eliminated its iconic town-hall meetings in response to a rise in employee activism. Pichai himself faced criticism over his leadership style, with some employees complaining that he takes too long to… Source link
Read More »A Bitcoin margin call. If the world’s leading cryptocurrency drops below $21,000, Michael Saylor’s MicroStrategy will be forced to pay up
Michael Saylor is perhaps one of the most fervent supporters of Bitcoin on the planet—and that’s saying something, given the almost cultlike community behind the world’s leading cryptocurrency. Saylor, an MIT graduate and the cofounder and CEO of the business intelligence firm MicroStrategy, has become a hero to the Bitcoin faithful ever since his company began stockpiling the cryptocurrency in August 2020. The CEO has gone so far as to call Bitcoin “freedom,” and “the most… Source link
Read More »Tesla leading auto world’s ‘biggest transformation since the 1950s’: Wedbush’s Ives
Tesla (TSLA) strong rally this week points to more gains ahead, according to Wedbush, with the U.S. electric vehicle maker primed to transform the auto industry after ending 2021 on a strong note. Better-than expected fourth quarter delivery figures spurred investors to remain bullish on Tesla’s stock, while the electric vehicle (EV) maker’s new Gigafactory in Austin, Texas preps for production this month. “We’re seeing, it’s a $5 trillion market opportunity in terms of EV and it’s the… Source link
Read More »Why Black Americans are leading the NFT, crypto revolution
The emergence of Web3, a vision of the internet built on blockchain-based, decentralized systems, has many investors licking their chops because of its financial upside. Meanwhile, others are betting on Web3’s downfall. The rise of NFTs, or non-fungible tokens, in popularity and demand may be the clearest indication of Web3’s promise. “NFTs will be ubiquitous,” Brandon Buchanan, founder and managing partner of Meta4 Capital, a crypto-focused investment management firm, told Yahoo… Source link
Read More »Chauncey Billups committed to leading Blazers
SAN FRANCISCO — The Portland Trail Blazers‘ Chauncey Billups, a rookie head coach 26 games into his tenure, helms a team that continues its multiyear trend of being a poor foundational defensive unit and has dealt with a rash of injuries that have contributed to a 11-15 record while losing seven of eight contests. Most rookie NBA coaches would be slow to publicly critique their teams with sports trigger words. Billups — who played 17 years in the NBA as one of the steadiest point guards… Source link
Read More »Goldman Sachs expects ‘record highs’ to keep rolling, with these 3 stocks leading the way
Don’t count on a crash: Goldman Sachs expects ‘record highs’ to keep rolling, with these 3 stocks leading the way As inflation spikes and interest rates rise, many Wall Street firms believe a major correction could be on the horizon. Not Goldman Sachs. The bank expects the S&P 500 to hit 5,100 by the end of next year, roughly 9% above where the index is today. “Counter to the intuition of many investors, the stellar 26% YTD return is not a good reason in itself to expect a weak return in… Source link
Read More »[Techie Tuesday] Meet the man who built patented systems at Yahoo, and is now leading tech at Acko
Vishwanath Ramarao needs no introduction in the world of technology and engineering. In two decades, he has developed over 15 patents in search system designs, IM, mail, and communication. Today, as Chief Technology Officer and Chief Product Officer of digital insurance startup Acko, Vishwanath is responsible for data science, product, design, and engineering, and focuses on ensuring newer strategic technology initiatives. His belief has stood him in good stead: “If you fall in love with… Source link
Read More »