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2021-12-17
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2021-06-07
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China's May forex reserves rise to $3.22 trillion
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2021-06-07
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2021-03-17
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article","listText":"Good article","text":"Good article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/114375332","repostId":"2141123360","repostType":4,"repost":{"id":"2141123360","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623052971,"share":"https://www.laohu8.com/m/news/2141123360?lang=&edition=full","pubTime":"2021-06-07 16:02","market":"us","language":"en","title":"China's May forex reserves rise to $3.22 trillion","url":"https://stock-news.laohu8.com/highlight/detail?id=2141123360","media":"Reuters","summary":"BEIJING, June 7 (Reuters) - China's foreign exchange reserves, the world's largest, rose more than e","content":"<p>BEIJING, June 7 (Reuters) - China's foreign exchange reserves, the world's largest, rose more than expected in May, official data showed on Monday, as the U.S. dollar weakened.</p>\n<p>The data showed China's foreign exchange reserves rose $23.62 billion to $3.22 trillion last month, compared with $3.208 trillion seen in a Reuters poll of analysts and $3.198 trillion in April.</p>\n<p>Foreign inflows into Chinese stocks and bonds have been strong as China gallops ahead of other major economies in its recovery from the coronavirus pandemic.</p>\n<p>The yuan rose 1.6% against the dollar in May, while the dollar fell 1.6% during that month against a basket of other major currencies .</p>\n<p>China held 62.64 million fine troy ounces of gold at the end of May, unchanged from the end of April. The value of China's gold reserves rose to $119.02 billion at the end of May from $110.73 billion at the end-April.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's May forex reserves rise to $3.22 trillion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's May forex reserves rise to $3.22 trillion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-07 16:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BEIJING, June 7 (Reuters) - China's foreign exchange reserves, the world's largest, rose more than expected in May, official data showed on Monday, as the U.S. dollar weakened.</p>\n<p>The data showed China's foreign exchange reserves rose $23.62 billion to $3.22 trillion last month, compared with $3.208 trillion seen in a Reuters poll of analysts and $3.198 trillion in April.</p>\n<p>Foreign inflows into Chinese stocks and bonds have been strong as China gallops ahead of other major economies in its recovery from the coronavirus pandemic.</p>\n<p>The yuan rose 1.6% against the dollar in May, while the dollar fell 1.6% during that month against a basket of other major currencies .</p>\n<p>China held 62.64 million fine troy ounces of gold at the end of May, unchanged from the end of April. The value of China's gold reserves rose to $119.02 billion at the end of May from $110.73 billion at the end-April.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141123360","content_text":"BEIJING, June 7 (Reuters) - China's foreign exchange reserves, the world's largest, rose more than expected in May, official data showed on Monday, as the U.S. dollar weakened.\nThe data showed China's foreign exchange reserves rose $23.62 billion to $3.22 trillion last month, compared with $3.208 trillion seen in a Reuters poll of analysts and $3.198 trillion in April.\nForeign inflows into Chinese stocks and bonds have been strong as China gallops ahead of other major economies in its recovery from the coronavirus pandemic.\nThe yuan rose 1.6% against the dollar in May, while the dollar fell 1.6% during that month against a basket of other major currencies .\nChina held 62.64 million fine troy ounces of gold at the end of May, unchanged from the end of April. The value of China's gold reserves rose to $119.02 billion at the end of May from $110.73 billion at the end-April.","news_type":1},"isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114372223,"gmtCreate":1623054605062,"gmtModify":1634095812022,"author":{"id":"3559003081962514","authorId":"3559003081962514","name":"StanleyL","avatar":"https://static.tigerbbs.com/c9e9a700d5bb467fd23b2a451f4f37aa","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559003081962514","authorIdStr":"3559003081962514"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/114372223","repostId":"1177536674","repostType":4,"isVote":1,"tweetType":1,"viewCount":52,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324373347,"gmtCreate":1615969662589,"gmtModify":1703495665360,"author":{"id":"3559003081962514","authorId":"3559003081962514","name":"StanleyL","avatar":"https://static.tigerbbs.com/c9e9a700d5bb467fd23b2a451f4f37aa","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559003081962514","authorIdStr":"3559003081962514"},"themes":[],"htmlText":"Good article","listText":"Good article","text":"Good article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324373347","repostId":"1124634608","repostType":4,"isVote":1,"tweetType":1,"viewCount":88,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":114375332,"gmtCreate":1623054685326,"gmtModify":1634095811653,"author":{"id":"3559003081962514","authorId":"3559003081962514","name":"StanleyL","avatar":"https://static.tigerbbs.com/c9e9a700d5bb467fd23b2a451f4f37aa","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559003081962514","authorIdStr":"3559003081962514"},"themes":[],"htmlText":"Good article","listText":"Good article","text":"Good article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/114375332","repostId":"2141123360","repostType":4,"repost":{"id":"2141123360","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623052971,"share":"https://www.laohu8.com/m/news/2141123360?lang=&edition=full","pubTime":"2021-06-07 16:02","market":"us","language":"en","title":"China's May forex reserves rise to $3.22 trillion","url":"https://stock-news.laohu8.com/highlight/detail?id=2141123360","media":"Reuters","summary":"BEIJING, June 7 (Reuters) - China's foreign exchange reserves, the world's largest, rose more than e","content":"<p>BEIJING, June 7 (Reuters) - China's foreign exchange reserves, the world's largest, rose more than expected in May, official data showed on Monday, as the U.S. dollar weakened.</p>\n<p>The data showed China's foreign exchange reserves rose $23.62 billion to $3.22 trillion last month, compared with $3.208 trillion seen in a Reuters poll of analysts and $3.198 trillion in April.</p>\n<p>Foreign inflows into Chinese stocks and bonds have been strong as China gallops ahead of other major economies in its recovery from the coronavirus pandemic.</p>\n<p>The yuan rose 1.6% against the dollar in May, while the dollar fell 1.6% during that month against a basket of other major currencies .</p>\n<p>China held 62.64 million fine troy ounces of gold at the end of May, unchanged from the end of April. The value of China's gold reserves rose to $119.02 billion at the end of May from $110.73 billion at the end-April.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's May forex reserves rise to $3.22 trillion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's May forex reserves rise to $3.22 trillion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-07 16:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BEIJING, June 7 (Reuters) - China's foreign exchange reserves, the world's largest, rose more than expected in May, official data showed on Monday, as the U.S. dollar weakened.</p>\n<p>The data showed China's foreign exchange reserves rose $23.62 billion to $3.22 trillion last month, compared with $3.208 trillion seen in a Reuters poll of analysts and $3.198 trillion in April.</p>\n<p>Foreign inflows into Chinese stocks and bonds have been strong as China gallops ahead of other major economies in its recovery from the coronavirus pandemic.</p>\n<p>The yuan rose 1.6% against the dollar in May, while the dollar fell 1.6% during that month against a basket of other major currencies .</p>\n<p>China held 62.64 million fine troy ounces of gold at the end of May, unchanged from the end of April. The value of China's gold reserves rose to $119.02 billion at the end of May from $110.73 billion at the end-April.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141123360","content_text":"BEIJING, June 7 (Reuters) - China's foreign exchange reserves, the world's largest, rose more than expected in May, official data showed on Monday, as the U.S. dollar weakened.\nThe data showed China's foreign exchange reserves rose $23.62 billion to $3.22 trillion last month, compared with $3.208 trillion seen in a Reuters poll of analysts and $3.198 trillion in April.\nForeign inflows into Chinese stocks and bonds have been strong as China gallops ahead of other major economies in its recovery from the coronavirus pandemic.\nThe yuan rose 1.6% against the dollar in May, while the dollar fell 1.6% during that month against a basket of other major currencies .\nChina held 62.64 million fine troy ounces of gold at the end of May, unchanged from the end of April. The value of China's gold reserves rose to $119.02 billion at the end of May from $110.73 billion at the end-April.","news_type":1},"isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":690798381,"gmtCreate":1639706743508,"gmtModify":1639708015106,"author":{"id":"3559003081962514","authorId":"3559003081962514","name":"StanleyL","avatar":"https://static.tigerbbs.com/c9e9a700d5bb467fd23b2a451f4f37aa","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559003081962514","authorIdStr":"3559003081962514"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690798381","repostId":"1143279118","repostType":2,"repost":{"id":"1143279118","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639706631,"share":"https://www.laohu8.com/m/news/1143279118?lang=&edition=full","pubTime":"2021-12-17 10:03","market":"us","language":"en","title":"Musk has sold 75.66% of Tesla shares he promised to sell","url":"https://stock-news.laohu8.com/highlight/detail?id=1143279118","media":"Tiger Newspress","summary":"Tesla Inc Chief Executive Officer Elon Musk has sold nearly $14 billion worth of shares since early ","content":"<p>Tesla Inc Chief Executive Officer Elon Musk has sold nearly $14 billion worth of shares since early November when the world's richest person polled Twitter users about offloading 10% of his stake in the electric-car maker.</p>\n<p>The billionaire sold another 934,091 shares for $884.1 million on Thursday to pay for taxes on the exercise of stock options at a price of $6.24 to buy 2.2 million shares in Tesla, according to U.S. securities filings.</p>\n<p>Musk has sold about 12900512 Tesla shares since November 8, accounting for 75.66% of his previously committed shares.</p>\n<p>Here is a string of transactions he has done:</p>\n<table>\n <thead></thead>\n <tbody>\n <tr>\n <td>DATE</td>\n <td>SHARES ACQUIRED</td>\n <td>SHARES SOLD</td>\n <td>GROSS PROCEEDS</td>\n </tr>\n <tr>\n <td>NOV. 8</td>\n <td>2.2 mln</td>\n <td></td>\n <td></td>\n </tr>\n <tr>\n <td>NOV. 8</td>\n <td></td>\n <td>934,091</td>\n <td>$1.10 bln</td>\n </tr>\n <tr>\n <td>NOV. 9</td>\n <td></td>\n <td>3.1 mln</td>\n <td>$3.35 bln</td>\n </tr>\n <tr>\n <td>NOV. 10</td>\n <td></td>\n <td>500,000</td>\n <td>$527.3 mln</td>\n </tr>\n <tr>\n <td>NOV. 11</td>\n <td></td>\n <td>639,737</td>\n <td>$687.3 mln</td>\n </tr>\n <tr>\n <td>NOV. 12</td>\n <td></td>\n <td>1.2 mln</td>\n <td>$1.24 bln</td>\n </tr>\n <tr>\n <td>NOV. 15</td>\n <td>2.1 mln</td>\n <td></td>\n <td></td>\n </tr>\n <tr>\n <td>NOV. 15</td>\n <td></td>\n <td>934,091</td>\n <td>$930.7 mln</td>\n </tr>\n <tr>\n <td>NOV. 16</td>\n <td>2.1 mln</td>\n <td></td>\n <td></td>\n </tr>\n <tr>\n <td>NOV. 16</td>\n <td></td>\n <td>934,091</td>\n <td>$973.4 mln</td>\n </tr>\n <tr>\n <td>NOV. 23</td>\n <td>2.2 mln</td>\n <td></td>\n <td></td>\n </tr>\n <tr>\n <td></td>\n <td></td>\n <td>934,091</td>\n <td>$1.05 bln</td>\n </tr>\n <tr>\n <td>DEC. 2</td>\n <td>2.1 mln</td>\n <td></td>\n <td></td>\n </tr>\n <tr>\n <td></td>\n <td></td>\n <td>934,091</td>\n <td>$1.01 bln</td>\n </tr>\n <tr>\n <td>Dec.9</td>\n <td>2.2 mln</td>\n <td></td>\n <td></td>\n </tr>\n <tr>\n <td></td>\n <td></td>\n <td>934,091</td>\n <td>$963.2 mln</td>\n </tr>\n <tr>\n <td>Dec.13</td>\n <td>2.1 mln</td>\n <td></td>\n <td></td>\n </tr>\n <tr>\n <td></td>\n <td></td>\n <td>934,091</td>\n <td>$906.5 mln</td>\n </tr>\n <tr>\n <td>Dec. 16</td>\n <td>2.2 mln</td>\n <td></td>\n <td></td>\n </tr>\n <tr>\n <td></td>\n <td></td>\n <td>934,091</td>\n <td>$884.1 mln</td>\n </tr>\n <tr>\n <td>Total</td>\n <td>17.2 mln</td>\n <td>12.9 mln</td>\n <td>$13.62 bln</td>\n </tr>\n </tbody>\n</table>\n<p>HOW DID MUSK SELL?</p>\n<p>Musk said on Nov. 6 he would sell 10% of his stake if Twitter users agreed. He owned a combination of about 244 million shares through his trust and stock options, bringing his stake in Tesla to about 23% as of June 30. It included 170 million shares held by his trust.</p>\n<p>The tweet was vague. Musk did not outline if he was intending to offload 10% of his shares he indirectly owned through the trust or if his stock options were also part of the deal.</p>\n<p>Tesla stock has dropped 25% since a peak on Nov. 4.</p>\n<p>With a $243 billion fortune, Musk is the world’s richest person, according to the Bloomberg Billionaires Index.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Musk has sold 75.66% of Tesla shares he promised to sell</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMusk has sold 75.66% of Tesla shares he promised to sell\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-12-17 10:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tesla Inc Chief Executive Officer Elon Musk has sold nearly $14 billion worth of shares since early November when the world's richest person polled Twitter users about offloading 10% of his stake in the electric-car maker.</p>\n<p>The billionaire sold another 934,091 shares for $884.1 million on Thursday to pay for taxes on the exercise of stock options at a price of $6.24 to buy 2.2 million shares in Tesla, according to U.S. securities filings.</p>\n<p>Musk has sold about 12900512 Tesla shares since November 8, accounting for 75.66% of his previously committed shares.</p>\n<p>Here is a string of transactions he has done:</p>\n<table>\n <thead></thead>\n <tbody>\n <tr>\n <td>DATE</td>\n <td>SHARES ACQUIRED</td>\n <td>SHARES SOLD</td>\n <td>GROSS PROCEEDS</td>\n </tr>\n <tr>\n <td>NOV. 8</td>\n <td>2.2 mln</td>\n <td></td>\n <td></td>\n </tr>\n <tr>\n <td>NOV. 8</td>\n <td></td>\n <td>934,091</td>\n <td>$1.10 bln</td>\n </tr>\n <tr>\n <td>NOV. 9</td>\n <td></td>\n <td>3.1 mln</td>\n <td>$3.35 bln</td>\n </tr>\n <tr>\n <td>NOV. 10</td>\n <td></td>\n <td>500,000</td>\n <td>$527.3 mln</td>\n </tr>\n <tr>\n <td>NOV. 11</td>\n <td></td>\n <td>639,737</td>\n <td>$687.3 mln</td>\n </tr>\n <tr>\n <td>NOV. 12</td>\n <td></td>\n <td>1.2 mln</td>\n <td>$1.24 bln</td>\n </tr>\n <tr>\n <td>NOV. 15</td>\n <td>2.1 mln</td>\n <td></td>\n <td></td>\n </tr>\n <tr>\n <td>NOV. 15</td>\n <td></td>\n <td>934,091</td>\n <td>$930.7 mln</td>\n </tr>\n <tr>\n <td>NOV. 16</td>\n <td>2.1 mln</td>\n <td></td>\n <td></td>\n </tr>\n <tr>\n <td>NOV. 16</td>\n <td></td>\n <td>934,091</td>\n <td>$973.4 mln</td>\n </tr>\n <tr>\n <td>NOV. 23</td>\n <td>2.2 mln</td>\n <td></td>\n <td></td>\n </tr>\n <tr>\n <td></td>\n <td></td>\n <td>934,091</td>\n <td>$1.05 bln</td>\n </tr>\n <tr>\n <td>DEC. 2</td>\n <td>2.1 mln</td>\n <td></td>\n <td></td>\n </tr>\n <tr>\n <td></td>\n <td></td>\n <td>934,091</td>\n <td>$1.01 bln</td>\n </tr>\n <tr>\n <td>Dec.9</td>\n <td>2.2 mln</td>\n <td></td>\n <td></td>\n </tr>\n <tr>\n <td></td>\n <td></td>\n <td>934,091</td>\n <td>$963.2 mln</td>\n </tr>\n <tr>\n <td>Dec.13</td>\n <td>2.1 mln</td>\n <td></td>\n <td></td>\n </tr>\n <tr>\n <td></td>\n <td></td>\n <td>934,091</td>\n <td>$906.5 mln</td>\n </tr>\n <tr>\n <td>Dec. 16</td>\n <td>2.2 mln</td>\n <td></td>\n <td></td>\n </tr>\n <tr>\n <td></td>\n <td></td>\n <td>934,091</td>\n <td>$884.1 mln</td>\n </tr>\n <tr>\n <td>Total</td>\n <td>17.2 mln</td>\n <td>12.9 mln</td>\n <td>$13.62 bln</td>\n </tr>\n </tbody>\n</table>\n<p>HOW DID MUSK SELL?</p>\n<p>Musk said on Nov. 6 he would sell 10% of his stake if Twitter users agreed. He owned a combination of about 244 million shares through his trust and stock options, bringing his stake in Tesla to about 23% as of June 30. It included 170 million shares held by his trust.</p>\n<p>The tweet was vague. Musk did not outline if he was intending to offload 10% of his shares he indirectly owned through the trust or if his stock options were also part of the deal.</p>\n<p>Tesla stock has dropped 25% since a peak on Nov. 4.</p>\n<p>With a $243 billion fortune, Musk is the world’s richest person, according to the Bloomberg Billionaires Index.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143279118","content_text":"Tesla Inc Chief Executive Officer Elon Musk has sold nearly $14 billion worth of shares since early November when the world's richest person polled Twitter users about offloading 10% of his stake in the electric-car maker.\nThe billionaire sold another 934,091 shares for $884.1 million on Thursday to pay for taxes on the exercise of stock options at a price of $6.24 to buy 2.2 million shares in Tesla, according to U.S. securities filings.\nMusk has sold about 12900512 Tesla shares since November 8, accounting for 75.66% of his previously committed shares.\nHere is a string of transactions he has done:\n\n\n\n\nDATE\nSHARES ACQUIRED\nSHARES SOLD\nGROSS PROCEEDS\n\n\nNOV. 8\n2.2 mln\n\n\n\n\nNOV. 8\n\n934,091\n$1.10 bln\n\n\nNOV. 9\n\n3.1 mln\n$3.35 bln\n\n\nNOV. 10\n\n500,000\n$527.3 mln\n\n\nNOV. 11\n\n639,737\n$687.3 mln\n\n\nNOV. 12\n\n1.2 mln\n$1.24 bln\n\n\nNOV. 15\n2.1 mln\n\n\n\n\nNOV. 15\n\n934,091\n$930.7 mln\n\n\nNOV. 16\n2.1 mln\n\n\n\n\nNOV. 16\n\n934,091\n$973.4 mln\n\n\nNOV. 23\n2.2 mln\n\n\n\n\n\n\n934,091\n$1.05 bln\n\n\nDEC. 2\n2.1 mln\n\n\n\n\n\n\n934,091\n$1.01 bln\n\n\nDec.9\n2.2 mln\n\n\n\n\n\n\n934,091\n$963.2 mln\n\n\nDec.13\n2.1 mln\n\n\n\n\n\n\n934,091\n$906.5 mln\n\n\nDec. 16\n2.2 mln\n\n\n\n\n\n\n934,091\n$884.1 mln\n\n\nTotal\n17.2 mln\n12.9 mln\n$13.62 bln\n\n\n\nHOW DID MUSK SELL?\nMusk said on Nov. 6 he would sell 10% of his stake if Twitter users agreed. He owned a combination of about 244 million shares through his trust and stock options, bringing his stake in Tesla to about 23% as of June 30. It included 170 million shares held by his trust.\nThe tweet was vague. Musk did not outline if he was intending to offload 10% of his shares he indirectly owned through the trust or if his stock options were also part of the deal.\nTesla stock has dropped 25% since a peak on Nov. 4.\nWith a $243 billion fortune, Musk is the world’s richest person, according to the Bloomberg Billionaires Index.","news_type":1},"isVote":1,"tweetType":1,"viewCount":121,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":114372223,"gmtCreate":1623054605062,"gmtModify":1634095812022,"author":{"id":"3559003081962514","authorId":"3559003081962514","name":"StanleyL","avatar":"https://static.tigerbbs.com/c9e9a700d5bb467fd23b2a451f4f37aa","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559003081962514","authorIdStr":"3559003081962514"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/114372223","repostId":"1177536674","repostType":4,"isVote":1,"tweetType":1,"viewCount":52,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324373347,"gmtCreate":1615969662589,"gmtModify":1703495665360,"author":{"id":"3559003081962514","authorId":"3559003081962514","name":"StanleyL","avatar":"https://static.tigerbbs.com/c9e9a700d5bb467fd23b2a451f4f37aa","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559003081962514","authorIdStr":"3559003081962514"},"themes":[],"htmlText":"Good article","listText":"Good article","text":"Good article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324373347","repostId":"1124634608","repostType":4,"repost":{"id":"1124634608","kind":"news","pubTimestamp":1615967232,"share":"https://www.laohu8.com/m/news/1124634608?lang=&edition=full","pubTime":"2021-03-17 15:47","market":"us","language":"en","title":"Do Amazon ads bring in more cash than AWS?","url":"https://stock-news.laohu8.com/highlight/detail?id=1124634608","media":"Benedict Evans","summary":"There’s an old and common narrative around Amazon that it doesn’t make money, it sells below cost, i","content":"<p>There’s an old and common narrative around Amazon that it doesn’t make money, it sells below cost, it’s subsidised by investors and in particular it’s subsidised by AWS. People tend to repeat these to each other as though they’re unquestionable true, but they’re either debatable or objectively false - for example, Amazon hasn’t raised money directly from investors since the IPO in 1997, though it does pay people a lot of stock (Lina Khan made this mistake in her otherwise excellent paper on the challenges Amazon poses to competition theory).</p>\n<p>AWS is particularly interesting, though, because it <i>is</i> true that AWS is highly profitable and generates a lot of cash that Amazon can use for other things, and that naturally leads to the policy argument that we should split it apart from the rest of Amazon, so that the retail business would have to run off its own cashflow.</p>\n<p>You could certainly do that (though given that Amazon has less than 10% share of US retail, it might be hard to win the case), but you also need to understand that AWS is not the only highly profitable part of Amazon - it’s just the only part that the SEC makes Amazon break out. As I wrote here (back in 2014), Amazon is a bundle of lots of different businesses with different margins, and the net income line only shows you the aggregate. AWS operating income is broken out, but there are other things that aren’t.</p>\n<p>Amazon started disclosing AWS numbers five years ago, but in the last couple of years another big and highly profitable business has quietly emerged in the footnotes at the back of the 10k. Amazon’s ‘Other’ revenue line, which is ‘primarily’ advertising, was over $20bn in 2020.</p>\n<p><img src=\"https://static.tigerbbs.com/36b1ca305a41ec503202662c363a289c\" tg-width=\"1920\" tg-height=\"1080\"></p>\n<p>How profitable is this? Amazon doesn’t tell us directly. Rather, it gives a divisional breakdown on two different bases:</p>\n<ul>\n <li><p>Revenue and operating income for North America, International and AWS</p></li>\n <li><p>Revenue for online stores, physical stores, marketplace services, subscriptions (Prime), AWS and ‘other’, which is, again, ‘primarily’ the ad business.</p></li>\n</ul>\n<p>So we know the profitability of AWS, but not advertising, and the ad business, along with everything else except AWS, is inside ‘North America’ and ‘International’.</p>\n<p>However, we can make an informed guess. Google’s core business had 2020 operating margins before R&D and TAC (neither apply here) of 68%, and that’s for the whole company, including the data centres and Youtube. How much incremental cost on top of Amazon’s existing systems does Amazon need to sell and deliver advertising? And how much of that ‘other’ line is ads anyway?</p>\n<p>At the top end, if we assume that $20bn of Amazon’s $21.5bn ‘Ads and other’ was actually ads, and it matched Google’s operating margin, that would be $13.6bn of operating income, the same as AWS. It could also be, say, $5bn lower - which would be in line with all of Amazon North America. Either way, it’s big, and growing,</p>\n<p><img src=\"https://static.tigerbbs.com/23cd87fb38508f5ec748cf2d14ac0b61\" tg-width=\"1920\" tg-height=\"1080\"></p>\n<p>To repeat - this is just an informed guess, and ads will of course change other things, such as directing purchasing to different products that might have higher or lower margins for Amazon. Meanwhile, operating income does not include capex, so it’s not a great way to compare an ad business with a datacenter business. Most of that AWS operating income goes straight out of the door on building more AWS, so a free cash-flow comparison would made ads look better than AWS. But whatever the real number, this is a big business.</p>\n<p>There are a few interesting things to think about here. Amazon’s own ecommerce, which is, again, only 40% of actual sales on the site, increasingly looks like a low-margin anchor to support the marketplace, and now ads. This week the FT reported the EU is having trouble building a competition case against Amazon: its theory is that Amazon unfairly steers customers away from marketplace vendors towards its own products, but one of Amazon’s arguments is apparently that marketplace is more profitable, so its incentive is the opposite! Everything at Amazon has an angle - the biggest subsidy, going right back the beginning, is the negative working capital, whereby it can charge customer before paying suppliers. Its use of stock to pay people has some of the same character.</p>\n<p>A general point, though - Amazon is not the only retailer to have realised that the time we spend on its site makes it a media owner by accident. ASOS has hundreds of content producers, and a lot of big retailers are now thinking about online media and ad strategies. The more privacy and data rules we have, and the faster that cookies disappear, the more that content silos, large audiences and first party data matter in ads and ecommerce.</p>","source":"lsy1615967223191","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Do Amazon ads bring in more cash than AWS?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDo Amazon ads bring in more cash than AWS?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 15:47 GMT+8 <a href=https://www.ben-evans.com/benedictevans/2021/3/14/do-amazon-ads-bring-in-more-cash-than-aws><strong>Benedict Evans</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There’s an old and common narrative around Amazon that it doesn’t make money, it sells below cost, it’s subsidised by investors and in particular it’s subsidised by AWS. People tend to repeat these to...</p>\n\n<a href=\"https://www.ben-evans.com/benedictevans/2021/3/14/do-amazon-ads-bring-in-more-cash-than-aws\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.ben-evans.com/benedictevans/2021/3/14/do-amazon-ads-bring-in-more-cash-than-aws","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124634608","content_text":"There’s an old and common narrative around Amazon that it doesn’t make money, it sells below cost, it’s subsidised by investors and in particular it’s subsidised by AWS. People tend to repeat these to each other as though they’re unquestionable true, but they’re either debatable or objectively false - for example, Amazon hasn’t raised money directly from investors since the IPO in 1997, though it does pay people a lot of stock (Lina Khan made this mistake in her otherwise excellent paper on the challenges Amazon poses to competition theory).\nAWS is particularly interesting, though, because it is true that AWS is highly profitable and generates a lot of cash that Amazon can use for other things, and that naturally leads to the policy argument that we should split it apart from the rest of Amazon, so that the retail business would have to run off its own cashflow.\nYou could certainly do that (though given that Amazon has less than 10% share of US retail, it might be hard to win the case), but you also need to understand that AWS is not the only highly profitable part of Amazon - it’s just the only part that the SEC makes Amazon break out. As I wrote here (back in 2014), Amazon is a bundle of lots of different businesses with different margins, and the net income line only shows you the aggregate. AWS operating income is broken out, but there are other things that aren’t.\nAmazon started disclosing AWS numbers five years ago, but in the last couple of years another big and highly profitable business has quietly emerged in the footnotes at the back of the 10k. Amazon’s ‘Other’ revenue line, which is ‘primarily’ advertising, was over $20bn in 2020.\n\nHow profitable is this? Amazon doesn’t tell us directly. Rather, it gives a divisional breakdown on two different bases:\n\nRevenue and operating income for North America, International and AWS\nRevenue for online stores, physical stores, marketplace services, subscriptions (Prime), AWS and ‘other’, which is, again, ‘primarily’ the ad business.\n\nSo we know the profitability of AWS, but not advertising, and the ad business, along with everything else except AWS, is inside ‘North America’ and ‘International’.\nHowever, we can make an informed guess. Google’s core business had 2020 operating margins before R&D and TAC (neither apply here) of 68%, and that’s for the whole company, including the data centres and Youtube. How much incremental cost on top of Amazon’s existing systems does Amazon need to sell and deliver advertising? And how much of that ‘other’ line is ads anyway?\nAt the top end, if we assume that $20bn of Amazon’s $21.5bn ‘Ads and other’ was actually ads, and it matched Google’s operating margin, that would be $13.6bn of operating income, the same as AWS. It could also be, say, $5bn lower - which would be in line with all of Amazon North America. Either way, it’s big, and growing,\n\nTo repeat - this is just an informed guess, and ads will of course change other things, such as directing purchasing to different products that might have higher or lower margins for Amazon. Meanwhile, operating income does not include capex, so it’s not a great way to compare an ad business with a datacenter business. Most of that AWS operating income goes straight out of the door on building more AWS, so a free cash-flow comparison would made ads look better than AWS. But whatever the real number, this is a big business.\nThere are a few interesting things to think about here. Amazon’s own ecommerce, which is, again, only 40% of actual sales on the site, increasingly looks like a low-margin anchor to support the marketplace, and now ads. This week the FT reported the EU is having trouble building a competition case against Amazon: its theory is that Amazon unfairly steers customers away from marketplace vendors towards its own products, but one of Amazon’s arguments is apparently that marketplace is more profitable, so its incentive is the opposite! Everything at Amazon has an angle - the biggest subsidy, going right back the beginning, is the negative working capital, whereby it can charge customer before paying suppliers. Its use of stock to pay people has some of the same character.\nA general point, though - Amazon is not the only retailer to have realised that the time we spend on its site makes it a media owner by accident. ASOS has hundreds of content producers, and a lot of big retailers are now thinking about online media and ad strategies. The more privacy and data rules we have, and the faster that cookies disappear, the more that content silos, large audiences and first party data matter in ads and ecommerce.","news_type":1},"isVote":1,"tweetType":1,"viewCount":88,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
