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Taniajl

Taniajl

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2021-08-03

A little blinded by greed maybe? No wonder can't find their direction

Tesla Still Looking For Direction

2021-07-28

About effing time 🙄

Facebook will restrict ad targeting of under-18s

2021-07-28

I dunno about analysts, but I think Elon Musk is a whackjob

抱歉，原内容已删除

2021-07-23

Go big or go home

MGM Resorts Is Betting Big on Las Vegas

2021-07-22

Bitcoin is boring

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2021-07-22

You forgot to add "insider info"

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2021-07-22

I think 2/3 of your pain was caused by going back on your word after publicly stating bitcoin will be accepted by Tesla

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2021-07-21

Bold

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2021-07-21

Walk the walk not talk the talk

Jeff Bezos After Blue Origin Flight Says We Need To Move All Heavy, Polluting Industries To Space

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No wonder can't find their direction","listText":"A little blinded by greed maybe? No wonder can't find their direction","text":"A little blinded by greed maybe? No wonder can't find their direction","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/804264482","repostId":"1164984760","repostType":4,"repost":{"id":"1164984760","kind":"news","pubTimestamp":1627958824,"share":"https://www.laohu8.com/m/news/1164984760?lang=&edition=full","pubTime":"2021-08-03 10:47","market":"us","language":"en","title":"Tesla Still Looking For Direction","url":"https://stock-news.laohu8.com/highlight/detail?id=1164984760","media":"seekingalpha","summary":"Summary\n\nCompany beats as revenues, margins impress.\nCash flow and guidance not very impressive.\nSha","content":"<p><b>Summary</b></p>\n<ul>\n <li>Company beats as revenues, margins impress.</li>\n <li>Cash flow and guidance not very impressive.</li>\n <li>Shares still not able to break above $750.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b7aab2de2ec892bafc5a0ef6e0335fec\" tg-width=\"1536\" tg-height=\"1025\" width=\"100%\" height=\"auto\"><span>Justin Sullivan/Getty Images News</span></p>\n<p>For electric vehicle maker Tesla (TSLA), last week had a bit of everything for you, no matter which side you are on. The company's&nbsp;Q2 quarterly update&nbsp;featured top and bottom line beats, headlined by strong margins and operating expense control. However, the bears also got their slice of meat as the yearly forecast wasn't as positive as hoped, cash flow remained iffy, and one major supporter made a surprising sale of shares. In the end, Tesla shares did rally a bit, but they still haven't been able to break out of their recent range.</p>\n<p>As it turned out,my earnings preview&nbsp;discussing vehicle price raises and other tailwinds for the quarter was spot on. Tesla delivered nearly $12 billion in total revenue for the quarter, topping estimates and my predictions nicely even though I was already more bullish than the street. In the table below, you can see the overall results against my three cases, with dollar values in millions except per share amounts.</p>\n<p><img src=\"https://static.tigerbbs.com/290012023d8e7bdcd670385776db3aa2\" tg-width=\"640\" tg-height=\"576\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>It turns out that those tailwinds certainly helped, and some Megapack projects completed during the period led to energy revenue upside. Credit sales fell roughly as much as I said they would, and net income topped $1.1 billion on a GAAP basis. It also helped that there was $123 million less in stock-based compensation tied to CEO Elon Musk's bonus plan as compared to Q1, leading operating expenses to decline by roughly $50 million sequentially despite the sales surge.</p>\n<p>Tesla reported GAAP gross margins of 28.4% in the quarter, nicely up from 26.5% in Q1. Non-GAAP margins, which exclude credit sales, were up almost four percentage points. Management expects margins to improve over time as it produces more vehicles in local markets, such as the Texas and Berlin factories that are scheduled to come online in a few months. Reducing debt and an accounting change have also greatly lowered interest costs, making the bottom line look much better.</p>\n<p>On the flip side, there were again some concerns about the quality of cash flow. Over the last six quarters, Tesla has produced free cash flow of $3.698 billion. Due to rising production over that time, accounts payable and accrued liabilities have risen by $3.694 billion. Some of that has been offset by an increase in inventory and accounts receivable, the latter of which continues to rise to new highs despite Tesla's direct to consumer model. Tesla has also paid a good deal of debt back in recent quarters and diluted investors considerably over the years to get its cash balance where it is.</p>\n<p>Some investors were also a little disappointed that Tesla didn't raise its yearly delivery forecast. Management is still calling for more than 50% growth, but investors were hoping that the number would be raised well into the 800k area. There seem to be some supply chain issues, and Tesla has again delayed the Semi into 2022. It also seems that the Cybertruck will be pushed back into next year as well since the factory in Texas will start with Model Y production. Management still believes that both new factories will start their respective Model Y production this year, but given that we are now in August with nothing major happening yet, it won't be at the volumes that some were hoping for when 2021 started.</p>\n<p>One other interesting item that the bears will point to is that Ark Invest sold some Tesla shares on Friday for its flagship Ark Innovation ETF (ARKK). This was not a sale due to redemptions, but a change in allocation as seen in the graphic below. Tesla bulls may point to the fact that it was approaching a weight of 10.75% in ARKK, so they will say that this was just a small trim of an outsized position. However, I would counter by saying that Tesla's weight was a full percentage point higher in the Ark Autonomous Technology and Robotics ETF (ARKQ), around 11.75% as of Monday, and has been for some time without any sales there. For a firm with a $3,000 price target on the stock, there are those who find it very curious that Ark Invest is selling Tesla below $700 a share.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bbe69307a036dd3638da4e66a04cef4e\" tg-width=\"640\" tg-height=\"511\" width=\"100%\" height=\"auto\"><span>(Screenshot taken from Ark Invest daily e-mail sent to author)</span></p>\n<p>Over the past couple of weeks, Tesla shares actually spent some time below their&nbsp;average price target&nbsp;on the street. This was an unusual event, because, for a good chunk of this year, they were well above the street's average valuation, at one point by nearly 50%. However, early Monday were trading about $50 above the target again, so it seems that analysts believe the stock is a little overvalued at this point.</p>\n<p>Tesla didn't really respond to the earnings report, but they did rally late in the week and into Monday morning. This has improved the technical picture as seen in the chart below, with the 50-day moving average (purple line) starting to rise again. Shares still haven't been able to get above the $750 mark since the April high, so the stock seems to be stuck in a bit of a range currently.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a5979c7eec3f30f4f4dda4bc706bd731\" tg-width=\"640\" tg-height=\"274\" width=\"100%\" height=\"auto\"><span>(Source: Yahoo! Finance)</span></p>\n<p>Last week didn't really solve any of the major arguments surrounding Tesla on either the bull or bear side. The Q2 earnings report did show some positive surprises, but guidance was less than stellar and the cash flow scenario remained so-so. With more product delays on the horizon, the stock has popped a little but not been able to fully break out of a multi-month range, so investors will be looking to find the next major catalyst.</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>Tesla Still Looking For Direction</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\">\nTesla Still Looking For Direction\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-03 10:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4444132-tesla-still-looking-for-direction><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nCompany beats as revenues, margins impress.\nCash flow and guidance not very impressive.\nShares still not able to break above $750.\n\nJustin Sullivan/Getty Images News\nFor electric vehicle ...</p>\n\n<a href=\"https://seekingalpha.com/article/4444132-tesla-still-looking-for-direction\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4444132-tesla-still-looking-for-direction","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164984760","content_text":"Summary\n\nCompany beats as revenues, margins impress.\nCash flow and guidance not very impressive.\nShares still not able to break above $750.\n\nJustin Sullivan/Getty Images News\nFor electric vehicle maker Tesla (TSLA), last week had a bit of everything for you, no matter which side you are on. The company's Q2 quarterly update featured top and bottom line beats, headlined by strong margins and operating expense control. However, the bears also got their slice of meat as the yearly forecast wasn't as positive as hoped, cash flow remained iffy, and one major supporter made a surprising sale of shares. In the end, Tesla shares did rally a bit, but they still haven't been able to break out of their recent range.\nAs it turned out,my earnings preview discussing vehicle price raises and other tailwinds for the quarter was spot on. Tesla delivered nearly $12 billion in total revenue for the quarter, topping estimates and my predictions nicely even though I was already more bullish than the street. In the table below, you can see the overall results against my three cases, with dollar values in millions except per share amounts.\n\nIt turns out that those tailwinds certainly helped, and some Megapack projects completed during the period led to energy revenue upside. Credit sales fell roughly as much as I said they would, and net income topped $1.1 billion on a GAAP basis. It also helped that there was $123 million less in stock-based compensation tied to CEO Elon Musk's bonus plan as compared to Q1, leading operating expenses to decline by roughly $50 million sequentially despite the sales surge.\nTesla reported GAAP gross margins of 28.4% in the quarter, nicely up from 26.5% in Q1. Non-GAAP margins, which exclude credit sales, were up almost four percentage points. Management expects margins to improve over time as it produces more vehicles in local markets, such as the Texas and Berlin factories that are scheduled to come online in a few months. Reducing debt and an accounting change have also greatly lowered interest costs, making the bottom line look much better.\nOn the flip side, there were again some concerns about the quality of cash flow. Over the last six quarters, Tesla has produced free cash flow of $3.698 billion. Due to rising production over that time, accounts payable and accrued liabilities have risen by $3.694 billion. Some of that has been offset by an increase in inventory and accounts receivable, the latter of which continues to rise to new highs despite Tesla's direct to consumer model. Tesla has also paid a good deal of debt back in recent quarters and diluted investors considerably over the years to get its cash balance where it is.\nSome investors were also a little disappointed that Tesla didn't raise its yearly delivery forecast. Management is still calling for more than 50% growth, but investors were hoping that the number would be raised well into the 800k area. There seem to be some supply chain issues, and Tesla has again delayed the Semi into 2022. It also seems that the Cybertruck will be pushed back into next year as well since the factory in Texas will start with Model Y production. Management still believes that both new factories will start their respective Model Y production this year, but given that we are now in August with nothing major happening yet, it won't be at the volumes that some were hoping for when 2021 started.\nOne other interesting item that the bears will point to is that Ark Invest sold some Tesla shares on Friday for its flagship Ark Innovation ETF (ARKK). This was not a sale due to redemptions, but a change in allocation as seen in the graphic below. Tesla bulls may point to the fact that it was approaching a weight of 10.75% in ARKK, so they will say that this was just a small trim of an outsized position. However, I would counter by saying that Tesla's weight was a full percentage point higher in the Ark Autonomous Technology and Robotics ETF (ARKQ), around 11.75% as of Monday, and has been for some time without any sales there. For a firm with a $3,000 price target on the stock, there are those who find it very curious that Ark Invest is selling Tesla below $700 a share.\n(Screenshot taken from Ark Invest daily e-mail sent to author)\nOver the past couple of weeks, Tesla shares actually spent some time below their average price target on the street. This was an unusual event, because, for a good chunk of this year, they were well above the street's average valuation, at one point by nearly 50%. However, early Monday were trading about $50 above the target again, so it seems that analysts believe the stock is a little overvalued at this point.\nTesla didn't really respond to the earnings report, but they did rally late in the week and into Monday morning. This has improved the technical picture as seen in the chart below, with the 50-day moving average (purple line) starting to rise again. Shares still haven't been able to get above the $750 mark since the April high, so the stock seems to be stuck in a bit of a range currently.\n(Source: Yahoo! Finance)\nLast week didn't really solve any of the major arguments surrounding Tesla on either the bull or bear side. The Q2 earnings report did show some positive surprises, but guidance was less than stellar and the cash flow scenario remained so-so. With more product delays on the horizon, the stock has popped a little but not been able to fully break out of a multi-month range, so investors will be looking to find the next major catalyst.","news_type":1},"isVote":1,"tweetType":1,"viewCount":344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803200082,"gmtCreate":1627438869046,"gmtModify":1633764973347,"author":{"id":"4089330361541940","authorId":"4089330361541940","name":"Taniajl","avatar":"https://static.tigerbbs.com/4832c1aaecb90f47aa0c9b8585778afe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089330361541940","idStr":"4089330361541940"},"themes":[],"htmlText":"About effing time 🙄","listText":"About effing time 🙄","text":"About effing time 🙄","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/803200082","repostId":"2154156259","repostType":4,"repost":{"id":"2154156259","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":1627395771,"share":"https://www.laohu8.com/m/news/2154156259?lang=&edition=full","pubTime":"2021-07-27 22:22","market":"us","language":"en","title":"Facebook will restrict ad targeting of under-18s","url":"https://stock-news.laohu8.com/highlight/detail?id=2154156259","media":"Reuters","summary":"July 27 (Reuters) - Facebook Inc will stop allowing advertisers to target people under 18 on its pla","content":"<p>July 27 (Reuters) - <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc will stop allowing advertisers to target people under 18 on its platforms based on their interests or their activity on other sites, it said on Tuesday in a slew of announcements about young users.</p>\n<p>The change means advertisers will soon be able to target under-18s only by age, gender or location on Facebook, its Messenger service and its photo-sharing platform Instagram. In a blog post, Instagram said it was making the change because it agreed with youth advocates that young people might not be equipped to make decisions about targeting.</p>\n<p>Instagram users under 16 years old will also start to be defaulted into having a private account when they join the platform, the company said, in an effort to stop unwanted contact from adults. They will still be given the option, however, to switch to a public account and current users can keep their account as public.</p>\n<p>Facebook's approach to younger users has been in the spotlight after U.S. lawmakers and attorneys general slammed its leaked plans to launch a version of Instagram for children under 13. Earlier this year, a group of more than 40 state attorneys general wrote to CEO Mark Zuckerberg asking him to ditch the idea.</p>\n<p>The company said on Tuesday it was working on an \"Instagram experience for tweens.\" It has said the idea of a youth-focused app is to provide parents greater transparency and controls on what younger children who want to access Instagram are doing.</p>\n<p>Several major social media companies have also rolled out versions of their apps for younger audiences, from Facebook's Messenger Kids to Alphabet Inc -owned YouTube Kids.</p>\n<p>Proponents argue that children are already on a platform and so a family-friendly version provides a safer environment, but critics say Facebook should not be trying to hook young kids on its services due to risks to their development, mental health and privacy.</p>\n<p>Age verification of children is an issue on many social media sites, which prohibit kids under 13 but often fail to identify and remove underage users. In a separate blog on Tuesday, Facebook's head of youth products, Pavni Diwanji, said it was using artificial intelligence to improve this verification and remove underage accounts.</p>\n<p>Instagram also said it was making it harder in several countries for adults who have shown potentially suspicious behavior - such as recently being reported by a young user - to find young people's accounts, either through searching user names or having the accounts suggested to them. It said it would prevent such adults from seeing comments from young people on others' posts and that the adults would not be able to leave comments on the posts of young people.</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>Facebook will restrict ad targeting of under-18s</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\">\nFacebook will restrict ad targeting of under-18s\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\">2021-07-27 22:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>July 27 (Reuters) - <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc will stop allowing advertisers to target people under 18 on its platforms based on their interests or their activity on other sites, it said on Tuesday in a slew of announcements about young users.</p>\n<p>The change means advertisers will soon be able to target under-18s only by age, gender or location on Facebook, its Messenger service and its photo-sharing platform Instagram. In a blog post, Instagram said it was making the change because it agreed with youth advocates that young people might not be equipped to make decisions about targeting.</p>\n<p>Instagram users under 16 years old will also start to be defaulted into having a private account when they join the platform, the company said, in an effort to stop unwanted contact from adults. They will still be given the option, however, to switch to a public account and current users can keep their account as public.</p>\n<p>Facebook's approach to younger users has been in the spotlight after U.S. lawmakers and attorneys general slammed its leaked plans to launch a version of Instagram for children under 13. Earlier this year, a group of more than 40 state attorneys general wrote to CEO Mark Zuckerberg asking him to ditch the idea.</p>\n<p>The company said on Tuesday it was working on an \"Instagram experience for tweens.\" It has said the idea of a youth-focused app is to provide parents greater transparency and controls on what younger children who want to access Instagram are doing.</p>\n<p>Several major social media companies have also rolled out versions of their apps for younger audiences, from Facebook's Messenger Kids to Alphabet Inc -owned YouTube Kids.</p>\n<p>Proponents argue that children are already on a platform and so a family-friendly version provides a safer environment, but critics say Facebook should not be trying to hook young kids on its services due to risks to their development, mental health and privacy.</p>\n<p>Age verification of children is an issue on many social media sites, which prohibit kids under 13 but often fail to identify and remove underage users. In a separate blog on Tuesday, Facebook's head of youth products, Pavni Diwanji, said it was using artificial intelligence to improve this verification and remove underage accounts.</p>\n<p>Instagram also said it was making it harder in several countries for adults who have shown potentially suspicious behavior - such as recently being reported by a young user - to find young people's accounts, either through searching user names or having the accounts suggested to them. It said it would prevent such adults from seeing comments from young people on others' posts and that the adults would not be able to leave comments on the posts of young people.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154156259","content_text":"July 27 (Reuters) - Facebook Inc will stop allowing advertisers to target people under 18 on its platforms based on their interests or their activity on other sites, it said on Tuesday in a slew of announcements about young users.\nThe change means advertisers will soon be able to target under-18s only by age, gender or location on Facebook, its Messenger service and its photo-sharing platform Instagram. In a blog post, Instagram said it was making the change because it agreed with youth advocates that young people might not be equipped to make decisions about targeting.\nInstagram users under 16 years old will also start to be defaulted into having a private account when they join the platform, the company said, in an effort to stop unwanted contact from adults. They will still be given the option, however, to switch to a public account and current users can keep their account as public.\nFacebook's approach to younger users has been in the spotlight after U.S. lawmakers and attorneys general slammed its leaked plans to launch a version of Instagram for children under 13. Earlier this year, a group of more than 40 state attorneys general wrote to CEO Mark Zuckerberg asking him to ditch the idea.\nThe company said on Tuesday it was working on an \"Instagram experience for tweens.\" It has said the idea of a youth-focused app is to provide parents greater transparency and controls on what younger children who want to access Instagram are doing.\nSeveral major social media companies have also rolled out versions of their apps for younger audiences, from Facebook's Messenger Kids to Alphabet Inc -owned YouTube Kids.\nProponents argue that children are already on a platform and so a family-friendly version provides a safer environment, but critics say Facebook should not be trying to hook young kids on its services due to risks to their development, mental health and privacy.\nAge verification of children is an issue on many social media sites, which prohibit kids under 13 but often fail to identify and remove underage users. In a separate blog on Tuesday, Facebook's head of youth products, Pavni Diwanji, said it was using artificial intelligence to improve this verification and remove underage accounts.\nInstagram also said it was making it harder in several countries for adults who have shown potentially suspicious behavior - such as recently being reported by a young user - to find young people's accounts, either through searching user names or having the accounts suggested to them. It said it would prevent such adults from seeing comments from young people on others' posts and that the adults would not be able to leave comments on the posts of young people.","news_type":1},"isVote":1,"tweetType":1,"viewCount":579,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803674221,"gmtCreate":1627438813463,"gmtModify":1633764974192,"author":{"id":"4089330361541940","authorId":"4089330361541940","name":"Taniajl","avatar":"https://static.tigerbbs.com/4832c1aaecb90f47aa0c9b8585778afe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089330361541940","idStr":"4089330361541940"},"themes":[],"htmlText":"I dunno about analysts, but I think Elon Musk is a whackjob","listText":"I dunno about analysts, but I think Elon Musk is a whackjob","text":"I dunno about analysts, but I think Elon Musk is a whackjob","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/803674221","repostId":"2154914904","repostType":4,"isVote":1,"tweetType":1,"viewCount":392,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175881548,"gmtCreate":1627022291684,"gmtModify":1633768693970,"author":{"id":"4089330361541940","authorId":"4089330361541940","name":"Taniajl","avatar":"https://static.tigerbbs.com/4832c1aaecb90f47aa0c9b8585778afe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089330361541940","idStr":"4089330361541940"},"themes":[],"htmlText":"Go big or go home","listText":"Go big or go home","text":"Go big or go home","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/175881548","repostId":"2153665674","repostType":4,"repost":{"id":"2153665674","kind":"highlight","pubTimestamp":1627021140,"share":"https://www.laohu8.com/m/news/2153665674?lang=&edition=full","pubTime":"2021-07-23 14:19","market":"us","language":"en","title":"MGM Resorts Is Betting Big on Las Vegas","url":"https://stock-news.laohu8.com/highlight/detail?id=2153665674","media":"Motley Fool","summary":"Asset sales in Las Vegas could increase MGM's risk for investors.","content":"<p><b>MGM Resorts</b> (NYSE:MGM) has quietly made a very big bet on the future of the Las Vegas Strip, and it could determine the stock's performance long term. Not only did MGM recently agree to acquire the half of CityCenter that it didn't own for $2.125 billion, but it also agreed to sell CityCenter's real estate for $3.89 billion to funds managed by <b>Blackstone</b> (NYSE:BX).</p>\n<p>The move to acquire a key asset and monetize its real estate sounds smart on the surface, but it's adding more leverage to MGM's business. And if Las Vegas doesn't recover from the pandemic quickly, MGM will feel it.</p>\n<h2>The popularity of REITs in Las Vegas</h2>\n<p>Over the past decade, it's become very popular to sell the real estate of casinos to a real estate investment trust (REIT) stock, either controlled by the company or a third party. <b>Penn National</b> started the trend by forming <b>Gaming and Leisure Properties</b> in 2013. <b>Caesars</b> used the <a href=\"https://laohu8.com/S/VICI\">Vici Properties</a>&nbsp;REIT to engineer the merger with Eldorado Resorts. MGM itself entered the arena with <b>MGM Growth Properties</b> (NYSE:MGP) in 2015.</p>\n<p>Today, most of the Las Vegas Strip real estate is owned by <a href=\"https://laohu8.com/S/AONE.U\">one</a> of these three REITs, with a few other asset owners scattered about. The deals have brought billions of dollars into casino companies&nbsp;but not without risk.</p>\n<h2>The casino business model reinvented</h2>\n<p>It used to be that casino companies would spend billions of dollars building a casino, take out debt to finance the project, and then operate and own the casino and land. As long as the company could cover operations and interest payments, it was a viable business model but expensive to get started.</p>\n<p>Today, casino companies can sell the real estate of their projects for nearly the same cost as building the casino, leaving them with essentially new casino operations for free. MGM did this in Washington, D.C., Massachusetts, and now with CityCenter. The trade-off is a long-term agreement to rent the property back from the REIT for a monthly payment.</p>\n<p>This sounds great but now companies no longer hold their own real estate to fall back on during hard times. In the financial crisis, for example, MGM sold Treasure Island (including the real estate) to help fund its own operations through the crisis. Over the last year, it sold the real estate under Bellagio, MGM Grand, Mandalay Bay, and now CityCenter for $12.7 billion. Real estate can be a very valuable backstop when times are bad.</p>\n<p>Operationally, selling real estate can leave these companies with more operating leverage, meaning operating income rises or falls faster than revenue. That's great when revenue is growing but has risks if revenue drops.</p>\n<h2>The risk in MGM's REIT moves</h2>\n<p>In the last 15 years, we've seen two major disruptions to the gambling business in the U.S. The first was from 2008 to 2010, when the financial crisis resulted in a huge cutback in consumer and business spending, and the second was the COVID-19 pandemic. In both cases, MGM had to sell assets and debt just to make it through the crisis.</p>\n<p>Now that MGM has sold a vast majority of its real estate, it doesn't have the same backstop in hard times. But it hasn't reduced debt to compensate for having higher operational risk, as you can see below. This is partially because MGM is consolidating MGM Growth Properties' debt. But the company has used most of the cash it has gotten from REITs to fund growth rather than pay down debt.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9d490e0c70304c5948a3228645b81921\" tg-width=\"720\" tg-height=\"466\" referrerpolicy=\"no-referrer\"><span>MGM Revenue (TTM) data by YCharts</span></p>\n<p>This strategy could pay off for investors if revenue grows in the coming years because the additional leverage will mean higher returns on the bottom line. But there's also added risk in a crisis. And we've seen that crises in Las Vegas happen more often than we might like, which is why MGM's bet on the city is a risky one for investors.</p>","source":"fool_stock","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>MGM Resorts Is Betting Big on Las Vegas</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\">\nMGM Resorts Is Betting Big on Las Vegas\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 14:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/22/mgm-resorts-is-betting-big-on-las-vegas/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MGM Resorts (NYSE:MGM) has quietly made a very big bet on the future of the Las Vegas Strip, and it could determine the stock's performance long term. Not only did MGM recently agree to acquire the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/22/mgm-resorts-is-betting-big-on-las-vegas/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MGM":"美高梅","BX":"黑石"},"source_url":"https://www.fool.com/investing/2021/07/22/mgm-resorts-is-betting-big-on-las-vegas/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2153665674","content_text":"MGM Resorts (NYSE:MGM) has quietly made a very big bet on the future of the Las Vegas Strip, and it could determine the stock's performance long term. Not only did MGM recently agree to acquire the half of CityCenter that it didn't own for $2.125 billion, but it also agreed to sell CityCenter's real estate for $3.89 billion to funds managed by Blackstone (NYSE:BX).\nThe move to acquire a key asset and monetize its real estate sounds smart on the surface, but it's adding more leverage to MGM's business. And if Las Vegas doesn't recover from the pandemic quickly, MGM will feel it.\nThe popularity of REITs in Las Vegas\nOver the past decade, it's become very popular to sell the real estate of casinos to a real estate investment trust (REIT) stock, either controlled by the company or a third party. Penn National started the trend by forming Gaming and Leisure Properties in 2013. Caesars used the Vici Properties REIT to engineer the merger with Eldorado Resorts. MGM itself entered the arena with MGM Growth Properties (NYSE:MGP) in 2015.\nToday, most of the Las Vegas Strip real estate is owned by one of these three REITs, with a few other asset owners scattered about. The deals have brought billions of dollars into casino companies but not without risk.\nThe casino business model reinvented\nIt used to be that casino companies would spend billions of dollars building a casino, take out debt to finance the project, and then operate and own the casino and land. As long as the company could cover operations and interest payments, it was a viable business model but expensive to get started.\nToday, casino companies can sell the real estate of their projects for nearly the same cost as building the casino, leaving them with essentially new casino operations for free. MGM did this in Washington, D.C., Massachusetts, and now with CityCenter. The trade-off is a long-term agreement to rent the property back from the REIT for a monthly payment.\nThis sounds great but now companies no longer hold their own real estate to fall back on during hard times. In the financial crisis, for example, MGM sold Treasure Island (including the real estate) to help fund its own operations through the crisis. Over the last year, it sold the real estate under Bellagio, MGM Grand, Mandalay Bay, and now CityCenter for $12.7 billion. Real estate can be a very valuable backstop when times are bad.\nOperationally, selling real estate can leave these companies with more operating leverage, meaning operating income rises or falls faster than revenue. That's great when revenue is growing but has risks if revenue drops.\nThe risk in MGM's REIT moves\nIn the last 15 years, we've seen two major disruptions to the gambling business in the U.S. The first was from 2008 to 2010, when the financial crisis resulted in a huge cutback in consumer and business spending, and the second was the COVID-19 pandemic. In both cases, MGM had to sell assets and debt just to make it through the crisis.\nNow that MGM has sold a vast majority of its real estate, it doesn't have the same backstop in hard times. But it hasn't reduced debt to compensate for having higher operational risk, as you can see below. This is partially because MGM is consolidating MGM Growth Properties' debt. But the company has used most of the cash it has gotten from REITs to fund growth rather than pay down debt.\nMGM Revenue (TTM) data by YCharts\nThis strategy could pay off for investors if revenue grows in the coming years because the additional leverage will mean higher returns on the bottom line. But there's also added risk in a crisis. And we've seen that crises in Las Vegas happen more often than we might like, which is why MGM's bet on the city is a risky one for investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172927261,"gmtCreate":1626929214353,"gmtModify":1633769625982,"author":{"id":"4089330361541940","authorId":"4089330361541940","name":"Taniajl","avatar":"https://static.tigerbbs.com/4832c1aaecb90f47aa0c9b8585778afe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089330361541940","idStr":"4089330361541940"},"themes":[],"htmlText":"Bitcoin is boring","listText":"Bitcoin is boring","text":"Bitcoin is boring","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172927261","repostId":"1183230556","repostType":4,"isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172924603,"gmtCreate":1626929105702,"gmtModify":1633769627195,"author":{"id":"4089330361541940","authorId":"4089330361541940","name":"Taniajl","avatar":"https://static.tigerbbs.com/4832c1aaecb90f47aa0c9b8585778afe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089330361541940","idStr":"4089330361541940"},"themes":[],"htmlText":"You forgot to add \"insider info\"","listText":"You forgot to add \"insider info\"","text":"You forgot to add \"insider info\"","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172924603","repostId":"1132046331","repostType":4,"isVote":1,"tweetType":1,"viewCount":266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172925331,"gmtCreate":1626928979823,"gmtModify":1633769627811,"author":{"id":"4089330361541940","authorId":"4089330361541940","name":"Taniajl","avatar":"https://static.tigerbbs.com/4832c1aaecb90f47aa0c9b8585778afe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089330361541940","idStr":"4089330361541940"},"themes":[],"htmlText":"I think 2/3 of your pain was caused by going back on your word after publicly stating bitcoin will be accepted by Tesla","listText":"I think 2/3 of your pain was caused by going back on your word after publicly stating bitcoin will be accepted by Tesla","text":"I think 2/3 of your pain was caused by going back on your word after publicly stating bitcoin will be accepted by Tesla","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172925331","repostId":"1190301036","repostType":4,"isVote":1,"tweetType":1,"viewCount":302,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176997099,"gmtCreate":1626852453611,"gmtModify":1633770404418,"author":{"id":"4089330361541940","authorId":"4089330361541940","name":"Taniajl","avatar":"https://static.tigerbbs.com/4832c1aaecb90f47aa0c9b8585778afe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089330361541940","idStr":"4089330361541940"},"themes":[],"htmlText":"Bold","listText":"Bold","text":"Bold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/176997099","repostId":"1142295392","repostType":4,"isVote":1,"tweetType":1,"viewCount":585,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176992368,"gmtCreate":1626852219954,"gmtModify":1633770406401,"author":{"id":"4089330361541940","authorId":"4089330361541940","name":"Taniajl","avatar":"https://static.tigerbbs.com/4832c1aaecb90f47aa0c9b8585778afe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089330361541940","idStr":"4089330361541940"},"themes":[],"htmlText":"Walk the walk not talk the talk","listText":"Walk the walk not talk the talk","text":"Walk the walk not talk the talk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/176992368","repostId":"1134720097","repostType":4,"repost":{"id":"1134720097","kind":"news","pubTimestamp":1626848655,"share":"https://www.laohu8.com/m/news/1134720097?lang=&edition=full","pubTime":"2021-07-21 14:24","market":"us","language":"en","title":"Jeff Bezos After Blue Origin Flight Says We Need To Move All Heavy, Polluting Industries To Space","url":"https://stock-news.laohu8.com/highlight/detail?id=1134720097","media":"Benzinga","summary":"Amazon.com Inc Chair Jeff Bezos said on Tuesday after completing his first space flight that all hea","content":"<p><b>Amazon.com Inc</b>&nbsp;Chair&nbsp;<b>Jeff Bezos</b>&nbsp;said on Tuesday after completing his first space flight that all heavy and polluting industries need to be moved to space in a bid to conserve the beauty of Earth.</p>\n<p><b>What Happened:</b>The world’s richest person told MSNBC's&nbsp;Stephanie Ruhle&nbsp;that it will take decades to achieve such a feat but needs a start somewhere in order to combat climate change and keep Earth \"as this beautiful gem of a planet that it is.\"</p>\n<p>Bezos on Tuesday&nbsp;blasted his way into space&nbsp;on the first crewed flight of New Shepard, the rocket built by his&nbsp;space-tourism venture&nbsp;<b>Blue Origin</b>.</p>\n<p>Bezos said he’d love to fly to space again but would let others do it first. HefoundedBlue Origin in 2000 in hopes of lowering the cost of space travel.&nbsp;\"We have to build a road to space so that our kids and their kids can build the future,\" Bezos said on how what he&nbsp;experienced matters to Americans in general.</p>\n<p><b>Why It Matters:</b>The billionaire race to space is being seen as a key step towards commercial spaceflight as Virgin Galactic, Blue Origin and SpaceX are all hoping to eventually operate profitable commercial spaceflight businesses.</p>\n<p>Bezos' flight to space followed&nbsp;<b>Virgin Galactic Holdings Inc</b>&nbsp;founder&nbsp;<b>Sir Richard Branson</b>’s successful flight to space on July 11.</p>\n<p>SpaceX CEO&nbsp;<b>Elon Musk</b>, who also leads&nbsp;<b>Tesla Inc</b>&nbsp;has plans to send large rockets to space and dreams of eventually colonizing Mars. SpaceX isscheduledto launch a private astronaut mission in September.</p>\n<p><b>Price Action:</b>AMZN shares tumbled on Tuesday after the flight but recovered to close 0.66% higher at $3,573.19.</p>","source":"lsy1606299360108","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>Jeff Bezos After Blue Origin Flight Says We Need To Move All Heavy, Polluting Industries To Space</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\">\nJeff Bezos After Blue Origin Flight Says We Need To Move All Heavy, Polluting Industries To Space\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 14:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/07/22075811/jeff-bezos-after-blue-origin-flight-says-we-need-to-move-all-heavy-polluting-industries-to-space><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon.com Inc Chair Jeff Bezos said on Tuesday after completing his first space flight that all heavy and polluting industries need to be moved to space in a bid to conserve the beauty of Earth.\nWhat...</p>\n\n<a href=\"https://www.benzinga.com/news/21/07/22075811/jeff-bezos-after-blue-origin-flight-says-we-need-to-move-all-heavy-polluting-industries-to-space\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SPCE":"维珍银河","AMZN":"亚马逊"},"source_url":"https://www.benzinga.com/news/21/07/22075811/jeff-bezos-after-blue-origin-flight-says-we-need-to-move-all-heavy-polluting-industries-to-space","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134720097","content_text":"Amazon.com Inc Chair Jeff Bezos said on Tuesday after completing his first space flight that all heavy and polluting industries need to be moved to space in a bid to conserve the beauty of Earth.\nWhat Happened:The world’s richest person told MSNBC's Stephanie Ruhle that it will take decades to achieve such a feat but needs a start somewhere in order to combat climate change and keep Earth \"as this beautiful gem of a planet that it is.\"\nBezos on Tuesday blasted his way into space on the first crewed flight of New Shepard, the rocket built by his space-tourism venture Blue Origin.\nBezos said he’d love to fly to space again but would let others do it first. HefoundedBlue Origin in 2000 in hopes of lowering the cost of space travel. \"We have to build a road to space so that our kids and their kids can build the future,\" Bezos said on how what he experienced matters to Americans in general.\nWhy It Matters:The billionaire race to space is being seen as a key step towards commercial spaceflight as Virgin Galactic, Blue Origin and SpaceX are all hoping to eventually operate profitable commercial spaceflight businesses.\nBezos' flight to space followed Virgin Galactic Holdings Inc founder Sir Richard Branson’s successful flight to space on July 11.\nSpaceX CEO Elon Musk, who also leads Tesla Inc has plans to send large rockets to space and dreams of eventually colonizing Mars. SpaceX isscheduledto launch a private astronaut mission in September.\nPrice Action:AMZN shares tumbled on Tuesday after the flight but recovered to close 0.66% higher at $3,573.19.","news_type":1},"isVote":1,"tweetType":1,"viewCount":367,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":803674221,"gmtCreate":1627438813463,"gmtModify":1633764974192,"author":{"id":"4089330361541940","authorId":"4089330361541940","name":"Taniajl","avatar":"https://static.tigerbbs.com/4832c1aaecb90f47aa0c9b8585778afe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089330361541940","authorIdStr":"4089330361541940"},"themes":[],"htmlText":"I dunno about analysts, but I think Elon Musk is a whackjob","listText":"I dunno about analysts, but I think Elon Musk is a whackjob","text":"I dunno about analysts, but I think Elon Musk is a whackjob","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/803674221","repostId":"2154914904","repostType":4,"isVote":1,"tweetType":1,"viewCount":392,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176997099,"gmtCreate":1626852453611,"gmtModify":1633770404418,"author":{"id":"4089330361541940","authorId":"4089330361541940","name":"Taniajl","avatar":"https://static.tigerbbs.com/4832c1aaecb90f47aa0c9b8585778afe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089330361541940","authorIdStr":"4089330361541940"},"themes":[],"htmlText":"Bold","listText":"Bold","text":"Bold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/176997099","repostId":"1142295392","repostType":4,"repost":{"id":"1142295392","kind":"news","pubTimestamp":1626851375,"share":"https://www.laohu8.com/m/news/1142295392?lang=&edition=full","pubTime":"2021-07-21 15:09","market":"us","language":"en","title":"Netflix Signals No Acquisition Plans as It Adds 1.5 Million Subscribers","url":"https://stock-news.laohu8.com/highlight/detail?id=1142295392","media":"The Wall Street Journal","summary":"Streaming giant’s U.S. member base shrinks even as it beats global growth forecast, says it sees no ","content":"<blockquote>\n Streaming giant’s U.S. member base shrinks even as it beats global growth forecast, says it sees no ‘must-have’ assets despite rival deal-making.\n</blockquote>\n<p><a href=\"https://laohu8.com/S/NFLX\">Netflix</a>Inc.NFLX-0.23%is staying out of the arms race.</p>\n<p>The streaming giant told investors Tuesday that while its competition is growing and rivals are combining to create more formidable entertainment platforms, it sees no need to get bigger to compete.</p>\n<p>“We don’t view any assets as ‘must-have’ and we haven’t yet found any large scale ones to be sufficiently compelling to act upon,” Netflix said in its second-quarter letter to shareholders.</p>\n<p>The company said that the potential of streaming is driving the deal-making but that it doesn’t believe the media consolidation of the past several years has affected its growth.</p>\n<p>“We are mostly competing with ourselves to improve our service as fast as we can. If we do that, we’re confident we can maintain our strong position and continue to grow nicely as we have been for the past two-plus decades.” Netflix said.</p>\n<p>Netflix’s declaration came as the company said it added 1.5 million memberships in the second quarter as the streaming giant continues to seeslower growth in new subscribersfollowing a surge last year at the height of the Covid-19 pandemic.</p>\n<p>Netflix said the pandemic had created what it called “lumpiness” in its membership growth, referring to higher growth last year and slower growth this year. The company said it has 209.2 million subscribers world-wide. Shares were flat in after-hours trading.</p>\n<p>The global leader in streaming’s approach to acquisitions is the opposite of the rest of the entertainment industry, which is in a frantic phase of deal-making in the hopes of assembling content giants that can be formidable rivals to Netflix.</p>\n<p>In May,AT&amp;TInc.andDiscoveryInc.agreed to combine their media operationsinto a new stand-alone company whose assets will include HBO Max, CNN, <a href=\"https://laohu8.com/S/DISCA\">Discovery</a>+ and the Warner Bros. movie and TV studios. Last month,<a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a>Inc.struck a deal to acquire MGM for $6.5 billionin the hopes of using the famed movie and TV studio’s library and intellectual property to bolster its Prime Video streaming service.</p>\n<p>The deal-making might not be finished.<a href=\"https://laohu8.com/S/CMCSA\">Comcast</a>Corp., parent of NBCUniversal andViacomCBSInc.have discussedcreating a streaming partnership for international markets, according to people familiar with the matter.</p>\n<p>While Netflix is steering clear of deals, it is looking to expand into new businesses, particularly gaming. Last week, the company hiredFacebookexecutive Mike Verdu asvice president of game development. The company said it would focus on games for mobile devices and would likely rely on Netflix shows and movies for content. Games will be included at no extra cost to Netflix members.</p>\n<p>“We think the time is right to learn more about how our members value games,” the company said in its shareholder letter.</p>\n<p>Netflix Chairman and Co-Chief Executive Reed Hastings said on the company’s investor video Tuesday that games and other ancillary businesses that the company is exploring, such as retail, aren’t meant to be new profit centers or to take away from its content operations.</p>\n<p>“We’re a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-product company with a bunch of supporting elements,” Mr. Hastings said.</p>\n<p>Netflix’s addition of 1.5 million subscribers for the three-month period ending June 30 exceeded its earlier forecast of an additional one million memberships. It added 10 million in the second quarter a year earlier, when much of the world was in lockdown mode.</p>\n<p><a href=\"https://laohu8.com/S/TSS\">Total</a> revenue at the Los Gatos Calif.-based company rose to $7.34 billion, compared with $6.15 billion a year earlier. Wall Street had expected $7.32 billion, according to FactSet.</p>\n<p>Profit at Netflix increased to $1.35 billion, or $2.97 a share. A year earlier, earnings were $720 million, or $1.59 a share. Earnings missed estimates for GAAP earnings of $3.18 a share.</p>\n<p>The Asia Pacific region was the company’s strongest in terms of new members, responsible for nearly 70% of the 1.5 million added subscribers. In the U.S. and Canada, the streaming giant lost 400,000 subscribers—the first time it has done so in those markets since the second quarter of 2019.</p>\n<p>Engagement among Netflix subscribers was also down for the quarter compared with the same period a year ago. However, that metric was up 17% compared with the second quarter of 2019.</p>\n<p>Netflix is anticipating a stronger third quarter as media-production delays ease and more fresh content is available. The company said it is forecasting paid net additions of 3.5 million, compared with 2.2 million in the third quarter of 2020.</p>\n<p>The pandemic continued to hamper Netflix’s lineup of original content for the quarter, but the company said it expects to have a strong slate for the rest of the year.</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>Netflix Signals No Acquisition Plans as It Adds 1.5 Million Subscribers</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\">\nNetflix Signals No Acquisition Plans as It Adds 1.5 Million Subscribers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 15:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/netflix-membership-growth-beats-companys-forecast-11626811994?mod=hp_lead_pos3><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Streaming giant’s U.S. member base shrinks even as it beats global growth forecast, says it sees no ‘must-have’ assets despite rival deal-making.\n\nNetflixInc.NFLX-0.23%is staying out of the arms race....</p>\n\n<a href=\"https://www.wsj.com/articles/netflix-membership-growth-beats-companys-forecast-11626811994?mod=hp_lead_pos3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"https://www.wsj.com/articles/netflix-membership-growth-beats-companys-forecast-11626811994?mod=hp_lead_pos3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142295392","content_text":"Streaming giant’s U.S. member base shrinks even as it beats global growth forecast, says it sees no ‘must-have’ assets despite rival deal-making.\n\nNetflixInc.NFLX-0.23%is staying out of the arms race.\nThe streaming giant told investors Tuesday that while its competition is growing and rivals are combining to create more formidable entertainment platforms, it sees no need to get bigger to compete.\n“We don’t view any assets as ‘must-have’ and we haven’t yet found any large scale ones to be sufficiently compelling to act upon,” Netflix said in its second-quarter letter to shareholders.\nThe company said that the potential of streaming is driving the deal-making but that it doesn’t believe the media consolidation of the past several years has affected its growth.\n“We are mostly competing with ourselves to improve our service as fast as we can. If we do that, we’re confident we can maintain our strong position and continue to grow nicely as we have been for the past two-plus decades.” Netflix said.\nNetflix’s declaration came as the company said it added 1.5 million memberships in the second quarter as the streaming giant continues to seeslower growth in new subscribersfollowing a surge last year at the height of the Covid-19 pandemic.\nNetflix said the pandemic had created what it called “lumpiness” in its membership growth, referring to higher growth last year and slower growth this year. The company said it has 209.2 million subscribers world-wide. Shares were flat in after-hours trading.\nThe global leader in streaming’s approach to acquisitions is the opposite of the rest of the entertainment industry, which is in a frantic phase of deal-making in the hopes of assembling content giants that can be formidable rivals to Netflix.\nIn May,AT&TInc.andDiscoveryInc.agreed to combine their media operationsinto a new stand-alone company whose assets will include HBO Max, CNN, Discovery+ and the Warner Bros. movie and TV studios. Last month,Amazon.comInc.struck a deal to acquire MGM for $6.5 billionin the hopes of using the famed movie and TV studio’s library and intellectual property to bolster its Prime Video streaming service.\nThe deal-making might not be finished.ComcastCorp., parent of NBCUniversal andViacomCBSInc.have discussedcreating a streaming partnership for international markets, according to people familiar with the matter.\nWhile Netflix is steering clear of deals, it is looking to expand into new businesses, particularly gaming. Last week, the company hiredFacebookexecutive Mike Verdu asvice president of game development. The company said it would focus on games for mobile devices and would likely rely on Netflix shows and movies for content. Games will be included at no extra cost to Netflix members.\n“We think the time is right to learn more about how our members value games,” the company said in its shareholder letter.\nNetflix Chairman and Co-Chief Executive Reed Hastings said on the company’s investor video Tuesday that games and other ancillary businesses that the company is exploring, such as retail, aren’t meant to be new profit centers or to take away from its content operations.\n“We’re a one-product company with a bunch of supporting elements,” Mr. Hastings said.\nNetflix’s addition of 1.5 million subscribers for the three-month period ending June 30 exceeded its earlier forecast of an additional one million memberships. It added 10 million in the second quarter a year earlier, when much of the world was in lockdown mode.\nTotal revenue at the Los Gatos Calif.-based company rose to $7.34 billion, compared with $6.15 billion a year earlier. Wall Street had expected $7.32 billion, according to FactSet.\nProfit at Netflix increased to $1.35 billion, or $2.97 a share. A year earlier, earnings were $720 million, or $1.59 a share. Earnings missed estimates for GAAP earnings of $3.18 a share.\nThe Asia Pacific region was the company’s strongest in terms of new members, responsible for nearly 70% of the 1.5 million added subscribers. In the U.S. and Canada, the streaming giant lost 400,000 subscribers—the first time it has done so in those markets since the second quarter of 2019.\nEngagement among Netflix subscribers was also down for the quarter compared with the same period a year ago. However, that metric was up 17% compared with the second quarter of 2019.\nNetflix is anticipating a stronger third quarter as media-production delays ease and more fresh content is available. The company said it is forecasting paid net additions of 3.5 million, compared with 2.2 million in the third quarter of 2020.\nThe pandemic continued to hamper Netflix’s lineup of original content for the quarter, but the company said it expects to have a strong slate for the rest of the year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":585,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176992368,"gmtCreate":1626852219954,"gmtModify":1633770406401,"author":{"id":"4089330361541940","authorId":"4089330361541940","name":"Taniajl","avatar":"https://static.tigerbbs.com/4832c1aaecb90f47aa0c9b8585778afe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089330361541940","authorIdStr":"4089330361541940"},"themes":[],"htmlText":"Walk the walk not talk the talk","listText":"Walk the walk not talk the talk","text":"Walk the walk not talk the talk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/176992368","repostId":"1134720097","repostType":4,"repost":{"id":"1134720097","kind":"news","pubTimestamp":1626848655,"share":"https://www.laohu8.com/m/news/1134720097?lang=&edition=full","pubTime":"2021-07-21 14:24","market":"us","language":"en","title":"Jeff Bezos After Blue Origin Flight Says We Need To Move All Heavy, Polluting Industries To Space","url":"https://stock-news.laohu8.com/highlight/detail?id=1134720097","media":"Benzinga","summary":"Amazon.com Inc Chair Jeff Bezos said on Tuesday after completing his first space flight that all hea","content":"<p><b>Amazon.com Inc</b>&nbsp;Chair&nbsp;<b>Jeff Bezos</b>&nbsp;said on Tuesday after completing his first space flight that all heavy and polluting industries need to be moved to space in a bid to conserve the beauty of Earth.</p>\n<p><b>What Happened:</b>The world’s richest person told MSNBC's&nbsp;Stephanie Ruhle&nbsp;that it will take decades to achieve such a feat but needs a start somewhere in order to combat climate change and keep Earth \"as this beautiful gem of a planet that it is.\"</p>\n<p>Bezos on Tuesday&nbsp;blasted his way into space&nbsp;on the first crewed flight of New Shepard, the rocket built by his&nbsp;space-tourism venture&nbsp;<b>Blue Origin</b>.</p>\n<p>Bezos said he’d love to fly to space again but would let others do it first. HefoundedBlue Origin in 2000 in hopes of lowering the cost of space travel.&nbsp;\"We have to build a road to space so that our kids and their kids can build the future,\" Bezos said on how what he&nbsp;experienced matters to Americans in general.</p>\n<p><b>Why It Matters:</b>The billionaire race to space is being seen as a key step towards commercial spaceflight as Virgin Galactic, Blue Origin and SpaceX are all hoping to eventually operate profitable commercial spaceflight businesses.</p>\n<p>Bezos' flight to space followed&nbsp;<b>Virgin Galactic Holdings Inc</b>&nbsp;founder&nbsp;<b>Sir Richard Branson</b>’s successful flight to space on July 11.</p>\n<p>SpaceX CEO&nbsp;<b>Elon Musk</b>, who also leads&nbsp;<b>Tesla Inc</b>&nbsp;has plans to send large rockets to space and dreams of eventually colonizing Mars. SpaceX isscheduledto launch a private astronaut mission in September.</p>\n<p><b>Price Action:</b>AMZN shares tumbled on Tuesday after the flight but recovered to close 0.66% higher at $3,573.19.</p>","source":"lsy1606299360108","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>Jeff Bezos After Blue Origin Flight Says We Need To Move All Heavy, Polluting Industries To Space</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\">\nJeff Bezos After Blue Origin Flight Says We Need To Move All Heavy, Polluting Industries To Space\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 14:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/07/22075811/jeff-bezos-after-blue-origin-flight-says-we-need-to-move-all-heavy-polluting-industries-to-space><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon.com Inc Chair Jeff Bezos said on Tuesday after completing his first space flight that all heavy and polluting industries need to be moved to space in a bid to conserve the beauty of Earth.\nWhat...</p>\n\n<a href=\"https://www.benzinga.com/news/21/07/22075811/jeff-bezos-after-blue-origin-flight-says-we-need-to-move-all-heavy-polluting-industries-to-space\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SPCE":"维珍银河","AMZN":"亚马逊"},"source_url":"https://www.benzinga.com/news/21/07/22075811/jeff-bezos-after-blue-origin-flight-says-we-need-to-move-all-heavy-polluting-industries-to-space","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134720097","content_text":"Amazon.com Inc Chair Jeff Bezos said on Tuesday after completing his first space flight that all heavy and polluting industries need to be moved to space in a bid to conserve the beauty of Earth.\nWhat Happened:The world’s richest person told MSNBC's Stephanie Ruhle that it will take decades to achieve such a feat but needs a start somewhere in order to combat climate change and keep Earth \"as this beautiful gem of a planet that it is.\"\nBezos on Tuesday blasted his way into space on the first crewed flight of New Shepard, the rocket built by his space-tourism venture Blue Origin.\nBezos said he’d love to fly to space again but would let others do it first. HefoundedBlue Origin in 2000 in hopes of lowering the cost of space travel. \"We have to build a road to space so that our kids and their kids can build the future,\" Bezos said on how what he experienced matters to Americans in general.\nWhy It Matters:The billionaire race to space is being seen as a key step towards commercial spaceflight as Virgin Galactic, Blue Origin and SpaceX are all hoping to eventually operate profitable commercial spaceflight businesses.\nBezos' flight to space followed Virgin Galactic Holdings Inc founder Sir Richard Branson’s successful flight to space on July 11.\nSpaceX CEO Elon Musk, who also leads Tesla Inc has plans to send large rockets to space and dreams of eventually colonizing Mars. SpaceX isscheduledto launch a private astronaut mission in September.\nPrice Action:AMZN shares tumbled on Tuesday after the flight but recovered to close 0.66% higher at $3,573.19.","news_type":1},"isVote":1,"tweetType":1,"viewCount":367,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804264482,"gmtCreate":1627958940646,"gmtModify":1633754866953,"author":{"id":"4089330361541940","authorId":"4089330361541940","name":"Taniajl","avatar":"https://static.tigerbbs.com/4832c1aaecb90f47aa0c9b8585778afe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089330361541940","authorIdStr":"4089330361541940"},"themes":[],"htmlText":"A little blinded by greed maybe? No wonder can't find their direction","listText":"A little blinded by greed maybe? No wonder can't find their direction","text":"A little blinded by greed maybe? No wonder can't find their direction","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/804264482","repostId":"1164984760","repostType":4,"repost":{"id":"1164984760","kind":"news","pubTimestamp":1627958824,"share":"https://www.laohu8.com/m/news/1164984760?lang=&edition=full","pubTime":"2021-08-03 10:47","market":"us","language":"en","title":"Tesla Still Looking For Direction","url":"https://stock-news.laohu8.com/highlight/detail?id=1164984760","media":"seekingalpha","summary":"Summary\n\nCompany beats as revenues, margins impress.\nCash flow and guidance not very impressive.\nSha","content":"<p><b>Summary</b></p>\n<ul>\n <li>Company beats as revenues, margins impress.</li>\n <li>Cash flow and guidance not very impressive.</li>\n <li>Shares still not able to break above $750.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b7aab2de2ec892bafc5a0ef6e0335fec\" tg-width=\"1536\" tg-height=\"1025\" width=\"100%\" height=\"auto\"><span>Justin Sullivan/Getty Images News</span></p>\n<p>For electric vehicle maker Tesla (TSLA), last week had a bit of everything for you, no matter which side you are on. The company's&nbsp;Q2 quarterly update&nbsp;featured top and bottom line beats, headlined by strong margins and operating expense control. However, the bears also got their slice of meat as the yearly forecast wasn't as positive as hoped, cash flow remained iffy, and one major supporter made a surprising sale of shares. In the end, Tesla shares did rally a bit, but they still haven't been able to break out of their recent range.</p>\n<p>As it turned out,my earnings preview&nbsp;discussing vehicle price raises and other tailwinds for the quarter was spot on. Tesla delivered nearly $12 billion in total revenue for the quarter, topping estimates and my predictions nicely even though I was already more bullish than the street. In the table below, you can see the overall results against my three cases, with dollar values in millions except per share amounts.</p>\n<p><img src=\"https://static.tigerbbs.com/290012023d8e7bdcd670385776db3aa2\" tg-width=\"640\" tg-height=\"576\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>It turns out that those tailwinds certainly helped, and some Megapack projects completed during the period led to energy revenue upside. Credit sales fell roughly as much as I said they would, and net income topped $1.1 billion on a GAAP basis. It also helped that there was $123 million less in stock-based compensation tied to CEO Elon Musk's bonus plan as compared to Q1, leading operating expenses to decline by roughly $50 million sequentially despite the sales surge.</p>\n<p>Tesla reported GAAP gross margins of 28.4% in the quarter, nicely up from 26.5% in Q1. Non-GAAP margins, which exclude credit sales, were up almost four percentage points. Management expects margins to improve over time as it produces more vehicles in local markets, such as the Texas and Berlin factories that are scheduled to come online in a few months. Reducing debt and an accounting change have also greatly lowered interest costs, making the bottom line look much better.</p>\n<p>On the flip side, there were again some concerns about the quality of cash flow. Over the last six quarters, Tesla has produced free cash flow of $3.698 billion. Due to rising production over that time, accounts payable and accrued liabilities have risen by $3.694 billion. Some of that has been offset by an increase in inventory and accounts receivable, the latter of which continues to rise to new highs despite Tesla's direct to consumer model. Tesla has also paid a good deal of debt back in recent quarters and diluted investors considerably over the years to get its cash balance where it is.</p>\n<p>Some investors were also a little disappointed that Tesla didn't raise its yearly delivery forecast. Management is still calling for more than 50% growth, but investors were hoping that the number would be raised well into the 800k area. There seem to be some supply chain issues, and Tesla has again delayed the Semi into 2022. It also seems that the Cybertruck will be pushed back into next year as well since the factory in Texas will start with Model Y production. Management still believes that both new factories will start their respective Model Y production this year, but given that we are now in August with nothing major happening yet, it won't be at the volumes that some were hoping for when 2021 started.</p>\n<p>One other interesting item that the bears will point to is that Ark Invest sold some Tesla shares on Friday for its flagship Ark Innovation ETF (ARKK). This was not a sale due to redemptions, but a change in allocation as seen in the graphic below. Tesla bulls may point to the fact that it was approaching a weight of 10.75% in ARKK, so they will say that this was just a small trim of an outsized position. However, I would counter by saying that Tesla's weight was a full percentage point higher in the Ark Autonomous Technology and Robotics ETF (ARKQ), around 11.75% as of Monday, and has been for some time without any sales there. For a firm with a $3,000 price target on the stock, there are those who find it very curious that Ark Invest is selling Tesla below $700 a share.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bbe69307a036dd3638da4e66a04cef4e\" tg-width=\"640\" tg-height=\"511\" width=\"100%\" height=\"auto\"><span>(Screenshot taken from Ark Invest daily e-mail sent to author)</span></p>\n<p>Over the past couple of weeks, Tesla shares actually spent some time below their&nbsp;average price target&nbsp;on the street. This was an unusual event, because, for a good chunk of this year, they were well above the street's average valuation, at one point by nearly 50%. However, early Monday were trading about $50 above the target again, so it seems that analysts believe the stock is a little overvalued at this point.</p>\n<p>Tesla didn't really respond to the earnings report, but they did rally late in the week and into Monday morning. This has improved the technical picture as seen in the chart below, with the 50-day moving average (purple line) starting to rise again. Shares still haven't been able to get above the $750 mark since the April high, so the stock seems to be stuck in a bit of a range currently.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a5979c7eec3f30f4f4dda4bc706bd731\" tg-width=\"640\" tg-height=\"274\" width=\"100%\" height=\"auto\"><span>(Source: Yahoo! Finance)</span></p>\n<p>Last week didn't really solve any of the major arguments surrounding Tesla on either the bull or bear side. The Q2 earnings report did show some positive surprises, but guidance was less than stellar and the cash flow scenario remained so-so. With more product delays on the horizon, the stock has popped a little but not been able to fully break out of a multi-month range, so investors will be looking to find the next major catalyst.</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>Tesla Still Looking For Direction</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\">\nTesla Still Looking For Direction\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-03 10:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4444132-tesla-still-looking-for-direction><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nCompany beats as revenues, margins impress.\nCash flow and guidance not very impressive.\nShares still not able to break above $750.\n\nJustin Sullivan/Getty Images News\nFor electric vehicle ...</p>\n\n<a href=\"https://seekingalpha.com/article/4444132-tesla-still-looking-for-direction\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4444132-tesla-still-looking-for-direction","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164984760","content_text":"Summary\n\nCompany beats as revenues, margins impress.\nCash flow and guidance not very impressive.\nShares still not able to break above $750.\n\nJustin Sullivan/Getty Images News\nFor electric vehicle maker Tesla (TSLA), last week had a bit of everything for you, no matter which side you are on. The company's Q2 quarterly update featured top and bottom line beats, headlined by strong margins and operating expense control. However, the bears also got their slice of meat as the yearly forecast wasn't as positive as hoped, cash flow remained iffy, and one major supporter made a surprising sale of shares. In the end, Tesla shares did rally a bit, but they still haven't been able to break out of their recent range.\nAs it turned out,my earnings preview discussing vehicle price raises and other tailwinds for the quarter was spot on. Tesla delivered nearly $12 billion in total revenue for the quarter, topping estimates and my predictions nicely even though I was already more bullish than the street. In the table below, you can see the overall results against my three cases, with dollar values in millions except per share amounts.\n\nIt turns out that those tailwinds certainly helped, and some Megapack projects completed during the period led to energy revenue upside. Credit sales fell roughly as much as I said they would, and net income topped $1.1 billion on a GAAP basis. It also helped that there was $123 million less in stock-based compensation tied to CEO Elon Musk's bonus plan as compared to Q1, leading operating expenses to decline by roughly $50 million sequentially despite the sales surge.\nTesla reported GAAP gross margins of 28.4% in the quarter, nicely up from 26.5% in Q1. Non-GAAP margins, which exclude credit sales, were up almost four percentage points. Management expects margins to improve over time as it produces more vehicles in local markets, such as the Texas and Berlin factories that are scheduled to come online in a few months. Reducing debt and an accounting change have also greatly lowered interest costs, making the bottom line look much better.\nOn the flip side, there were again some concerns about the quality of cash flow. Over the last six quarters, Tesla has produced free cash flow of $3.698 billion. Due to rising production over that time, accounts payable and accrued liabilities have risen by $3.694 billion. Some of that has been offset by an increase in inventory and accounts receivable, the latter of which continues to rise to new highs despite Tesla's direct to consumer model. Tesla has also paid a good deal of debt back in recent quarters and diluted investors considerably over the years to get its cash balance where it is.\nSome investors were also a little disappointed that Tesla didn't raise its yearly delivery forecast. Management is still calling for more than 50% growth, but investors were hoping that the number would be raised well into the 800k area. There seem to be some supply chain issues, and Tesla has again delayed the Semi into 2022. It also seems that the Cybertruck will be pushed back into next year as well since the factory in Texas will start with Model Y production. Management still believes that both new factories will start their respective Model Y production this year, but given that we are now in August with nothing major happening yet, it won't be at the volumes that some were hoping for when 2021 started.\nOne other interesting item that the bears will point to is that Ark Invest sold some Tesla shares on Friday for its flagship Ark Innovation ETF (ARKK). This was not a sale due to redemptions, but a change in allocation as seen in the graphic below. Tesla bulls may point to the fact that it was approaching a weight of 10.75% in ARKK, so they will say that this was just a small trim of an outsized position. However, I would counter by saying that Tesla's weight was a full percentage point higher in the Ark Autonomous Technology and Robotics ETF (ARKQ), around 11.75% as of Monday, and has been for some time without any sales there. For a firm with a $3,000 price target on the stock, there are those who find it very curious that Ark Invest is selling Tesla below $700 a share.\n(Screenshot taken from Ark Invest daily e-mail sent to author)\nOver the past couple of weeks, Tesla shares actually spent some time below their average price target on the street. This was an unusual event, because, for a good chunk of this year, they were well above the street's average valuation, at one point by nearly 50%. However, early Monday were trading about $50 above the target again, so it seems that analysts believe the stock is a little overvalued at this point.\nTesla didn't really respond to the earnings report, but they did rally late in the week and into Monday morning. This has improved the technical picture as seen in the chart below, with the 50-day moving average (purple line) starting to rise again. Shares still haven't been able to get above the $750 mark since the April high, so the stock seems to be stuck in a bit of a range currently.\n(Source: Yahoo! Finance)\nLast week didn't really solve any of the major arguments surrounding Tesla on either the bull or bear side. The Q2 earnings report did show some positive surprises, but guidance was less than stellar and the cash flow scenario remained so-so. With more product delays on the horizon, the stock has popped a little but not been able to fully break out of a multi-month range, so investors will be looking to find the next major catalyst.","news_type":1},"isVote":1,"tweetType":1,"viewCount":344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172927261,"gmtCreate":1626929214353,"gmtModify":1633769625982,"author":{"id":"4089330361541940","authorId":"4089330361541940","name":"Taniajl","avatar":"https://static.tigerbbs.com/4832c1aaecb90f47aa0c9b8585778afe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089330361541940","authorIdStr":"4089330361541940"},"themes":[],"htmlText":"Bitcoin is boring","listText":"Bitcoin is boring","text":"Bitcoin is boring","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172927261","repostId":"1183230556","repostType":4,"isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172924603,"gmtCreate":1626929105702,"gmtModify":1633769627195,"author":{"id":"4089330361541940","authorId":"4089330361541940","name":"Taniajl","avatar":"https://static.tigerbbs.com/4832c1aaecb90f47aa0c9b8585778afe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089330361541940","authorIdStr":"4089330361541940"},"themes":[],"htmlText":"You forgot to add \"insider info\"","listText":"You forgot to add \"insider info\"","text":"You forgot to add \"insider info\"","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172924603","repostId":"1132046331","repostType":4,"repost":{"id":"1132046331","kind":"news","pubTimestamp":1626925773,"share":"https://www.laohu8.com/m/news/1132046331?lang=&edition=full","pubTime":"2021-07-22 11:49","market":"us","language":"en","title":"3 Celebrity Investors Who Broke Buffett’s Investing Tenets — And Scored","url":"https://stock-news.laohu8.com/highlight/detail?id=1132046331","media":"investorplace","summary":"Warren Buffett is worth more than $100 billion. Believe it or not, that $100-billion-plus net worth ","content":"<p>Warren Buffett is worth more than $100 billion. Believe it or not, that $100-billion-plus net worth didn’t come out of thin air. Rather, he earned it as one of the greatest investors of all time. As such, his widespread success and wisdom has influenced countless investors over the ages — myself included.</p>\n<p>But now it’s time to question the old ways. It’s time to look for other investing influencers to track …<i>it’s time to develop a new set of investing rules</i>.</p>\n<p>If you’re anything like me, Buffett’s rules of investing — his way of defining good businesses — still drives at least some part of your thinking. But the beauty of knowing the rules is understanding how and when to break them.I bet I’m not the only one who has broken, or at the very least<i>bent</i>, some of Buffett’s rules over the years.</p>\n<p>This rule-breaking has been particularly important in a post coronavirus world. After all, the novel coronavirus pandemic changed the way we all look at stocks. Whether we’re fast-money traders, meme-players, short-sellers or speculators, we’ve all likely experienced what it’s like to pick a winner.</p>\n<p>That quest for a little extra edge has many retail investors diversifying their investments. It also has them hand-picking stocks in emerging growth areas. Remember that20-slot punch card Buffettgave us? If you’ve dabbled in growth stocks over the last year, your portfolio probably looks like a paper punch ballot from the 2000 Bush-Gore Florida recount …<i>more than a few extra hanging chads</i>.</p>\n<p>More recently, retail investors have become much more diversified. So should we worship a new fund manager now?Here’s a place to start.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/73ab062cea0fd08ffae58971d246b6e4\" tg-width=\"639\" tg-height=\"257\" referrerpolicy=\"no-referrer\"><span>Source: InvestorPlace via Twitter</span></p>\n<p>The results of a recent<i>InvestorPlace</i>twitter poll suggest that the crowd favorite is growth investing messiah Cathie Wood.For those who are less familiar, Wood is theCEO and chief investment officer of ARKInvestment Management.</p>\n<p>Tied for second place are two equally compelling investment warriors. First, we’ve got the (not so mythical) mature unicorn lover Bill Ackman of&nbsp;<b>Pershing Square Tontine Holdings</b>(NYSE:<b><u>PSTH</u></b>). Ackman stands right next tothe “most feared man in corporate America,” celebrity activistJeff Smith of&nbsp;<b>StarboardValue Acquisition</b>(NASDAQ:<b><u>SVAC</u></b>).</p>\n<p>No doubt, these three investors have unique personalities. But they also promote three distinct investing styles, which have made an indelible impression on the way we think about a stock’s intrinsic value.</p>\n<p>From hypergrowth, to growth arbitrage, to “SPAC-tivists,” here’s a closer look at the investing psychology behind these investment styles, along with top stock picks. Ultimately, if we pepper a little bit of Cathie, Bill and Jeff into our own stock-picking, we might make some new rules of investing (and break them again later). Hell, putting it all together, we might even get one step closer to that coveted Buffett net worth.</p>\n<p><b>New Investment Styles: The Hypergrowth Investor</b></p>\n<p><b>StyleMessiah:</b>Cathie Wood&nbsp;<b>Investing MO:</b>Early stage growth stories in massive (and rapidly growing) addressable markets</p>\n<p>Aniconoclastic personalityand buzzy social media following earned Wood a Buffett-like fandom. But out-of-this-worldperformance makes Cathie the reigning investment queen. Wood’s flagship exchange-traded fund (ETF), the&nbsp;<b>ARK Innovation Fund</b>(NYSEARCA:<b><u>ARKK</u></b>),holds $22 billion in assets. It also&nbsp;delivered an otherworldly 147% return in 2020.</p>\n<p>Wood made “disruptiveinnovation” a household word. She also invested big (and early) in several massive technology themes — from artificial intelligence, big data, cloud computing, cybersecurity, blockchain, digital wallets to genomics.</p>\n<p>Many of the “Woodstocks” are aggressive, high-beta stocks which experienced meteoric gains last year. For example,<b>Tesla</b>(NASDAQ:<b><u>TSLA</u></b>), a big holding in three of Wood’s funds, gained 510% in 2020. (Side note:reports of TSLA’s imminent demise are greatly exaggerated). Wood predicts the electric car company can double its revenue growth over the next 5 years and willsomeday be valued at over $1 trillion. Other ARK gems include&nbsp;<b>Square</b>(NYSE:<b><u>SQ</u></b>),<b>Teladoc Health</b>(NYSE:<b><u>TDOC</u></b>),<b>Roku</b>(NASDAQ:<b><u>ROKU</u></b>) and&nbsp;<b>Shopify</b>(NYSE:<b><u>SHOP</u></b>).</p>\n<p><b>Winner Takes Most</b></p>\n<p>Another salient trait: Wood invests in technology leaders in a “winner takes most” market. This gives her the confidence to largely ignore valuation and invest in companies whose profits are years if not decades away. That’s most definitely not something Buffett would do.</p>\n<p>While Cathie’s picks worked amazingly well in 2020, the market has been less kind to emerging growth stocksamid rising interest rates. ARK’s total assets aredown to $52 billion (from $60 billion) — largely reflecting a cooling amid a rotation into value names that will benefit from the economic recovery.ARKK and&nbsp;<b>ARK Next Generation Internet ETF</b>(NYSEARCA:<b><u>ARKW</u></b>) have underperformed the market,down 4% and 2%year to date, respectively (versus a14%gain for the&nbsp;<b>Nasdaq Composite</b>).</p>\n<p>Success has brought about some growing pains. Huge inflows led observers to question ARK’s sizable stakes in small- and mid-cap names and the liquidity of these positions in a downturn.In particular,Wood’s strategy of selling holdings in bigger, more liquid companies during drawdowns and buying less well-traded names fueled fears that ARK would become overexposed to its most speculative bets.Wood has pushed back on concerns about ticket sizes, arguing that the companies she invested in could grow quickly, solving the problem. (Side note: ARKno longer holds a stake bigger than 20% in any stock, down fromthree companiesin February).</p>\n<p><b>A Less-Crowded Easter Egg Hunt</b></p>\n<p>There’s another important bi-product of Cathie’s success: a fairly predictable herd-like chasing behavior.Investors closely follow ARK trades,provided dailya few hours after market close, to see Wood’s endorsements of stocks. That momentum has pushed stocks like data analytics company<b>Palantir</b>(NYSE:<b><u>PLTR</u></b>) into meme-like territory.</p>\n<p>But when that herding behavior continues, that is,when a group of momentum investors chase the same stocks, it does two things. First, it candrive up the value of stocks without actually analyzing and understanding the underlying valuation of them.Second, it leaves other growth stories relatively undiscovered,like a less crowded Easter Egg hunt. That’s the reason these next two investors are on my radar.</p>\n<p><b>New Investment Styles</b>: The Growth Arbitrage Investor</p>\n<p><b>Style Messiah:</b>Bill Ackman&nbsp;<b>Investing MO:</b>Price dislocation in high-quality businesses with incremental cash flow potential</p>\n<p>Bringing“mature unicorn”&nbsp;back into the investing vernacular while spawninga thousand memes, Bill Ackman has re-defined growth arbitrage investing. Ackman’s SPAC,Pershing Square Tontine Holdingsseeks out investments in durable,proven businesses. These are the kind that Warren Buffett would say have amoataround them. But another facet of PSTH’s picks is that these companies don’t yet have stock prices that reflect their potential.</p>\n<p>Like Wood, Ackman looks for growth — but not at any price. This manager aims for businessestrading at highly discounted valuations — usually because investors have overreacted to negative macro or company-specific events.A key investment theme:finding names whose intrinsic value is driven by<i>cash generation</i>, not future growth projections.</p>\n<p><b>Double Dipping</b></p>\n<p>Just the mention of cash generation might make a lot of self-proclaimed growth investors wince. But for Ackman acolytes, or “Tontards” (as the&nbsp;<b>Reddit</b>&nbsp;crowd calls them), growth and fundamental analysis need not exist separately. In fact, Ackman has shown that buying thesehigh-quality, but mispriced stocks can unlock a<i>double</i>discount. A stock price often doesn’t reflect the intrinsic value of the business. Nor does it often reflect the intrinsic value of the business<i>if it were run better.</i></p>\n<p>Usually, once an Ackman holding makes a few modest tweaks, the business’ earnings and cash flow lever delivers strong upside — and price appreciation for the stock.Take for example, some of Ackman’s mispriced winners like the growth story at&nbsp;<b>Chipotle Mexican Grill</b>(NYSE:<b><u>CMG</u></b>), or successful turnarounds, such as<b>Lowe’s</b>(NYSE:<b><u>LOW</u></b>). Oh, and don’t forget the turnarounds ofleisure travel play&nbsp;<b>Hilton</b>(NYSE:<b><u>HLT</u></b>) and tech giant<b>Agilent</b>(NYSE:<b><u>A</u></b>), either.</p>\n<p>In addition to value unlocking, Ackman’s growth arbitrage investing style has other key advantages. First, the portfolio is shielded from momentum-driven volatility caused by changing investor whims. Whereas a portion of Cathie’s portfolio consists of “fast-money” plays like special-purpose acquisition companies (SPACs) and electric vehicle companies, whose fortunes can change very quickly, Ackman’s names tend to be owned by investors with a longer-term investment horizon.</p>\n<p>Second, because these businesses are presently delivering cash flow and earnings, their valuations are more insulated against rising interest rates.</p>\n<p><b>Know When to Fold ‘em</b></p>\n<p>While Wood has been criticized for the concentration of her portfolio, Ackman isn’t afraid to take money off the table. In May, PSTH announced it had exited its wildly successful position in&nbsp;<b>Starbucks</b>(NASDAQ:<b><u>SBUX</u></b>) to acquire a roughly 6% stake in&nbsp;<b>Domino’s Pizza</b>(NYSE:<b><u>DPZ</u></b>). The thesis: It’s a simple free cash flow business suffering from temporary price dislocation. With a digital delivery infrastructure and the largest owned in-house delivery network, Ackman sees a combination of exceptional economics and the potential for continued share gains.</p>\n<p>For r/PSTH’s16,000-plus Tontards, PSTH stock has been a bumpy ride lately. First there wasAckman’s eyebrow raising decision to use a SPAC to buy a minority stake in another company. This MO didn’t follow the usual SPAC investment pattern, which is to merge with and take its target public. Second, there was this week’s announcement thatPSTH backed out of its deal to buy a 10% stake in mega-music publisher Universal Music Group from<b>Vivendi</b>(OTCMKTS:<b><u>VIVHY</u></b>).The reason:objections from the Securities and Exchange Commission&nbsp;relating to<b>NYSE</b>listing rules.</p>\n<p>Tontards are spinning a positive narrative. PSTH can conserve its firepower for a larger acquisition. While the identity of the SPAC’s merger target is still unknown, payment companies, includingStripe and Plaidhave been mentioned as potential candidates. The increasing valuation for these expensive unicorns could be another reason for PSTH wanting to maximize its $4 billion cash war chest.</p>\n<p><b>New Investment Styles</b>:<b>The ‘SPAC-tivist’</b></p>\n<p><b>Style Messiah:</b>Jeff Smith</p>\n<p><b>Investing MO:</b>Build stakes in undervalued businesses and force operational and/or strategic changes to unlock value</p>\n<p>There’s another investor with aneye for detecting unrealized potential in companies: activist investor and hedge fund manager Jeff Smith. The hedge fund he manages,Starboard Value LP, is known for executing big sweeping changes at its target companies. In 2014, Starboard ousted the entire board of Olive Garden-owner<b>Darden Restaurants</b>(NYSE:<b><u>DRI</u></b>), a stunning shareholder coup. In less than two years, Smith oversaw a stunning turnaround at the company, resulting in a 40% appreciation in Darden’s stock price.</p>\n<p>Starboard builds stakes in undervalued companies with inefficient management. It then forces them to make important operational changes to correct course and unlock value. About 80% of Starboard Value’s activist campaigns have been profitable, while the fund posted annualized returns of 15.5% through 2014. Famous activist targets include&nbsp;<b>The ODP Company</b>(NASDAQ:<b><u>ODP</u></b>),<b>Macy’s</b>(NYSE:<b><u>M</u></b>) and<b>Papa John’s Pizza</b>(NASDAQ:<b><u>PZZA</u></b>).</p>\n<p><b>Finding the Value in Growth</b></p>\n<p>More recently, Smith is trying his hand in SPACs.Starboard Value Acquisition, which raised$360 million in its September 2020 IPO,announced its first merger target, data-center firm Cyxtera Technologies.Formed in 2017, Cyxtera consists of 57 data centers owned by CenturyLink, now known as&nbsp;<b>Lumen Technologies</b>(NYSE:<b><u>LUMN</u></b>), with four cybersecurity and data analytics companies.</p>\n<p>If Ackman mostly hunts for mature unicorns, Smith’s target is on the younger side. Valued at $3.4 billion, Cyxtera is an early stage company in a well-established, rapidly growing market with strong secular tailwinds. Smith’s target could have room to grow from a valuation perspective too.</p>\n<p>In 2020, data center real estate investment trusts ended the year as the best performing REIT sector, accumulating a total of21% annual return. Cyxtera’s closest equivalents,<b>Equinix</b>(NASDAQ:<b><u>EQIX</u></b>) and&nbsp;<b>Digital Realty Trust</b>(NYSE:<b><u>DLR</u></b>) command lofty multiples of 31x and 26x forward AFFO (Adjusted Funds From Operations). With improved revenue growth and utilization, Cyxtera may experience a valuation recalibration closer to these peer multiples.</p>","source":"lsy1606302653667","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>3 Celebrity Investors Who Broke Buffett’s Investing Tenets — And Scored</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\">\n3 Celebrity Investors Who Broke Buffett’s Investing Tenets — And Scored\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-22 11:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/3-celebrity-investors-broke-buffett-investing-tenets-scored-net-worth/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Warren Buffett is worth more than $100 billion. Believe it or not, that $100-billion-plus net worth didn’t come out of thin air. Rather, he earned it as one of the greatest investors of all time. As ...</p>\n\n<a href=\"https://investorplace.com/2021/07/3-celebrity-investors-broke-buffett-investing-tenets-scored-net-worth/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DRI":"达登饭店","SBUX":"星巴克","DPZ":"达美乐比萨","PLTR":"Palantir Technologies Inc.","LOW":"劳氏","TSLA":"特斯拉","HLT":"希尔顿酒店","TDOC":"Teladoc Health Inc.","ROKU":"Roku Inc","PSTH":"Pershing Square Tontine Holdings","CMG":"墨式烧烤"},"source_url":"https://investorplace.com/2021/07/3-celebrity-investors-broke-buffett-investing-tenets-scored-net-worth/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132046331","content_text":"Warren Buffett is worth more than $100 billion. Believe it or not, that $100-billion-plus net worth didn’t come out of thin air. Rather, he earned it as one of the greatest investors of all time. As such, his widespread success and wisdom has influenced countless investors over the ages — myself included.\nBut now it’s time to question the old ways. It’s time to look for other investing influencers to track …it’s time to develop a new set of investing rules.\nIf you’re anything like me, Buffett’s rules of investing — his way of defining good businesses — still drives at least some part of your thinking. But the beauty of knowing the rules is understanding how and when to break them.I bet I’m not the only one who has broken, or at the very leastbent, some of Buffett’s rules over the years.\nThis rule-breaking has been particularly important in a post coronavirus world. After all, the novel coronavirus pandemic changed the way we all look at stocks. Whether we’re fast-money traders, meme-players, short-sellers or speculators, we’ve all likely experienced what it’s like to pick a winner.\nThat quest for a little extra edge has many retail investors diversifying their investments. It also has them hand-picking stocks in emerging growth areas. Remember that20-slot punch card Buffettgave us? If you’ve dabbled in growth stocks over the last year, your portfolio probably looks like a paper punch ballot from the 2000 Bush-Gore Florida recount …more than a few extra hanging chads.\nMore recently, retail investors have become much more diversified. So should we worship a new fund manager now?Here’s a place to start.\nSource: InvestorPlace via Twitter\nThe results of a recentInvestorPlacetwitter poll suggest that the crowd favorite is growth investing messiah Cathie Wood.For those who are less familiar, Wood is theCEO and chief investment officer of ARKInvestment Management.\nTied for second place are two equally compelling investment warriors. First, we’ve got the (not so mythical) mature unicorn lover Bill Ackman of Pershing Square Tontine Holdings(NYSE:PSTH). Ackman stands right next tothe “most feared man in corporate America,” celebrity activistJeff Smith of StarboardValue Acquisition(NASDAQ:SVAC).\nNo doubt, these three investors have unique personalities. But they also promote three distinct investing styles, which have made an indelible impression on the way we think about a stock’s intrinsic value.\nFrom hypergrowth, to growth arbitrage, to “SPAC-tivists,” here’s a closer look at the investing psychology behind these investment styles, along with top stock picks. Ultimately, if we pepper a little bit of Cathie, Bill and Jeff into our own stock-picking, we might make some new rules of investing (and break them again later). Hell, putting it all together, we might even get one step closer to that coveted Buffett net worth.\nNew Investment Styles: The Hypergrowth Investor\nStyleMessiah:Cathie Wood Investing MO:Early stage growth stories in massive (and rapidly growing) addressable markets\nAniconoclastic personalityand buzzy social media following earned Wood a Buffett-like fandom. But out-of-this-worldperformance makes Cathie the reigning investment queen. Wood’s flagship exchange-traded fund (ETF), the ARK Innovation Fund(NYSEARCA:ARKK),holds $22 billion in assets. It also delivered an otherworldly 147% return in 2020.\nWood made “disruptiveinnovation” a household word. She also invested big (and early) in several massive technology themes — from artificial intelligence, big data, cloud computing, cybersecurity, blockchain, digital wallets to genomics.\nMany of the “Woodstocks” are aggressive, high-beta stocks which experienced meteoric gains last year. For example,Tesla(NASDAQ:TSLA), a big holding in three of Wood’s funds, gained 510% in 2020. (Side note:reports of TSLA’s imminent demise are greatly exaggerated). Wood predicts the electric car company can double its revenue growth over the next 5 years and willsomeday be valued at over $1 trillion. Other ARK gems include Square(NYSE:SQ),Teladoc Health(NYSE:TDOC),Roku(NASDAQ:ROKU) and Shopify(NYSE:SHOP).\nWinner Takes Most\nAnother salient trait: Wood invests in technology leaders in a “winner takes most” market. This gives her the confidence to largely ignore valuation and invest in companies whose profits are years if not decades away. That’s most definitely not something Buffett would do.\nWhile Cathie’s picks worked amazingly well in 2020, the market has been less kind to emerging growth stocksamid rising interest rates. ARK’s total assets aredown to $52 billion (from $60 billion) — largely reflecting a cooling amid a rotation into value names that will benefit from the economic recovery.ARKK and ARK Next Generation Internet ETF(NYSEARCA:ARKW) have underperformed the market,down 4% and 2%year to date, respectively (versus a14%gain for the Nasdaq Composite).\nSuccess has brought about some growing pains. Huge inflows led observers to question ARK’s sizable stakes in small- and mid-cap names and the liquidity of these positions in a downturn.In particular,Wood’s strategy of selling holdings in bigger, more liquid companies during drawdowns and buying less well-traded names fueled fears that ARK would become overexposed to its most speculative bets.Wood has pushed back on concerns about ticket sizes, arguing that the companies she invested in could grow quickly, solving the problem. (Side note: ARKno longer holds a stake bigger than 20% in any stock, down fromthree companiesin February).\nA Less-Crowded Easter Egg Hunt\nThere’s another important bi-product of Cathie’s success: a fairly predictable herd-like chasing behavior.Investors closely follow ARK trades,provided dailya few hours after market close, to see Wood’s endorsements of stocks. That momentum has pushed stocks like data analytics companyPalantir(NYSE:PLTR) into meme-like territory.\nBut when that herding behavior continues, that is,when a group of momentum investors chase the same stocks, it does two things. First, it candrive up the value of stocks without actually analyzing and understanding the underlying valuation of them.Second, it leaves other growth stories relatively undiscovered,like a less crowded Easter Egg hunt. That’s the reason these next two investors are on my radar.\nNew Investment Styles: The Growth Arbitrage Investor\nStyle Messiah:Bill Ackman Investing MO:Price dislocation in high-quality businesses with incremental cash flow potential\nBringing“mature unicorn” back into the investing vernacular while spawninga thousand memes, Bill Ackman has re-defined growth arbitrage investing. Ackman’s SPAC,Pershing Square Tontine Holdingsseeks out investments in durable,proven businesses. These are the kind that Warren Buffett would say have amoataround them. But another facet of PSTH’s picks is that these companies don’t yet have stock prices that reflect their potential.\nLike Wood, Ackman looks for growth — but not at any price. This manager aims for businessestrading at highly discounted valuations — usually because investors have overreacted to negative macro or company-specific events.A key investment theme:finding names whose intrinsic value is driven bycash generation, not future growth projections.\nDouble Dipping\nJust the mention of cash generation might make a lot of self-proclaimed growth investors wince. But for Ackman acolytes, or “Tontards” (as the Reddit crowd calls them), growth and fundamental analysis need not exist separately. In fact, Ackman has shown that buying thesehigh-quality, but mispriced stocks can unlock adoublediscount. A stock price often doesn’t reflect the intrinsic value of the business. Nor does it often reflect the intrinsic value of the businessif it were run better.\nUsually, once an Ackman holding makes a few modest tweaks, the business’ earnings and cash flow lever delivers strong upside — and price appreciation for the stock.Take for example, some of Ackman’s mispriced winners like the growth story at Chipotle Mexican Grill(NYSE:CMG), or successful turnarounds, such asLowe’s(NYSE:LOW). Oh, and don’t forget the turnarounds ofleisure travel play Hilton(NYSE:HLT) and tech giantAgilent(NYSE:A), either.\nIn addition to value unlocking, Ackman’s growth arbitrage investing style has other key advantages. First, the portfolio is shielded from momentum-driven volatility caused by changing investor whims. Whereas a portion of Cathie’s portfolio consists of “fast-money” plays like special-purpose acquisition companies (SPACs) and electric vehicle companies, whose fortunes can change very quickly, Ackman’s names tend to be owned by investors with a longer-term investment horizon.\nSecond, because these businesses are presently delivering cash flow and earnings, their valuations are more insulated against rising interest rates.\nKnow When to Fold ‘em\nWhile Wood has been criticized for the concentration of her portfolio, Ackman isn’t afraid to take money off the table. In May, PSTH announced it had exited its wildly successful position in Starbucks(NASDAQ:SBUX) to acquire a roughly 6% stake in Domino’s Pizza(NYSE:DPZ). The thesis: It’s a simple free cash flow business suffering from temporary price dislocation. With a digital delivery infrastructure and the largest owned in-house delivery network, Ackman sees a combination of exceptional economics and the potential for continued share gains.\nFor r/PSTH’s16,000-plus Tontards, PSTH stock has been a bumpy ride lately. First there wasAckman’s eyebrow raising decision to use a SPAC to buy a minority stake in another company. This MO didn’t follow the usual SPAC investment pattern, which is to merge with and take its target public. Second, there was this week’s announcement thatPSTH backed out of its deal to buy a 10% stake in mega-music publisher Universal Music Group fromVivendi(OTCMKTS:VIVHY).The reason:objections from the Securities and Exchange Commission relating toNYSElisting rules.\nTontards are spinning a positive narrative. PSTH can conserve its firepower for a larger acquisition. While the identity of the SPAC’s merger target is still unknown, payment companies, includingStripe and Plaidhave been mentioned as potential candidates. The increasing valuation for these expensive unicorns could be another reason for PSTH wanting to maximize its $4 billion cash war chest.\nNew Investment Styles:The ‘SPAC-tivist’\nStyle Messiah:Jeff Smith\nInvesting MO:Build stakes in undervalued businesses and force operational and/or strategic changes to unlock value\nThere’s another investor with aneye for detecting unrealized potential in companies: activist investor and hedge fund manager Jeff Smith. The hedge fund he manages,Starboard Value LP, is known for executing big sweeping changes at its target companies. In 2014, Starboard ousted the entire board of Olive Garden-ownerDarden Restaurants(NYSE:DRI), a stunning shareholder coup. In less than two years, Smith oversaw a stunning turnaround at the company, resulting in a 40% appreciation in Darden’s stock price.\nStarboard builds stakes in undervalued companies with inefficient management. It then forces them to make important operational changes to correct course and unlock value. About 80% of Starboard Value’s activist campaigns have been profitable, while the fund posted annualized returns of 15.5% through 2014. Famous activist targets include The ODP Company(NASDAQ:ODP),Macy’s(NYSE:M) andPapa John’s Pizza(NASDAQ:PZZA).\nFinding the Value in Growth\nMore recently, Smith is trying his hand in SPACs.Starboard Value Acquisition, which raised$360 million in its September 2020 IPO,announced its first merger target, data-center firm Cyxtera Technologies.Formed in 2017, Cyxtera consists of 57 data centers owned by CenturyLink, now known as Lumen Technologies(NYSE:LUMN), with four cybersecurity and data analytics companies.\nIf Ackman mostly hunts for mature unicorns, Smith’s target is on the younger side. Valued at $3.4 billion, Cyxtera is an early stage company in a well-established, rapidly growing market with strong secular tailwinds. Smith’s target could have room to grow from a valuation perspective too.\nIn 2020, data center real estate investment trusts ended the year as the best performing REIT sector, accumulating a total of21% annual return. Cyxtera’s closest equivalents,Equinix(NASDAQ:EQIX) and Digital Realty Trust(NYSE:DLR) command lofty multiples of 31x and 26x forward AFFO (Adjusted Funds From Operations). With improved revenue growth and utilization, Cyxtera may experience a valuation recalibration closer to these peer multiples.","news_type":1},"isVote":1,"tweetType":1,"viewCount":266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803200082,"gmtCreate":1627438869046,"gmtModify":1633764973347,"author":{"id":"4089330361541940","authorId":"4089330361541940","name":"Taniajl","avatar":"https://static.tigerbbs.com/4832c1aaecb90f47aa0c9b8585778afe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089330361541940","authorIdStr":"4089330361541940"},"themes":[],"htmlText":"About effing time 🙄","listText":"About effing time 🙄","text":"About effing time 🙄","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/803200082","repostId":"2154156259","repostType":4,"repost":{"id":"2154156259","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":1627395771,"share":"https://www.laohu8.com/m/news/2154156259?lang=&edition=full","pubTime":"2021-07-27 22:22","market":"us","language":"en","title":"Facebook will restrict ad targeting of under-18s","url":"https://stock-news.laohu8.com/highlight/detail?id=2154156259","media":"Reuters","summary":"July 27 (Reuters) - Facebook Inc will stop allowing advertisers to target people under 18 on its pla","content":"<p>July 27 (Reuters) - <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc will stop allowing advertisers to target people under 18 on its platforms based on their interests or their activity on other sites, it said on Tuesday in a slew of announcements about young users.</p>\n<p>The change means advertisers will soon be able to target under-18s only by age, gender or location on Facebook, its Messenger service and its photo-sharing platform Instagram. In a blog post, Instagram said it was making the change because it agreed with youth advocates that young people might not be equipped to make decisions about targeting.</p>\n<p>Instagram users under 16 years old will also start to be defaulted into having a private account when they join the platform, the company said, in an effort to stop unwanted contact from adults. They will still be given the option, however, to switch to a public account and current users can keep their account as public.</p>\n<p>Facebook's approach to younger users has been in the spotlight after U.S. lawmakers and attorneys general slammed its leaked plans to launch a version of Instagram for children under 13. Earlier this year, a group of more than 40 state attorneys general wrote to CEO Mark Zuckerberg asking him to ditch the idea.</p>\n<p>The company said on Tuesday it was working on an \"Instagram experience for tweens.\" It has said the idea of a youth-focused app is to provide parents greater transparency and controls on what younger children who want to access Instagram are doing.</p>\n<p>Several major social media companies have also rolled out versions of their apps for younger audiences, from Facebook's Messenger Kids to Alphabet Inc -owned YouTube Kids.</p>\n<p>Proponents argue that children are already on a platform and so a family-friendly version provides a safer environment, but critics say Facebook should not be trying to hook young kids on its services due to risks to their development, mental health and privacy.</p>\n<p>Age verification of children is an issue on many social media sites, which prohibit kids under 13 but often fail to identify and remove underage users. In a separate blog on Tuesday, Facebook's head of youth products, Pavni Diwanji, said it was using artificial intelligence to improve this verification and remove underage accounts.</p>\n<p>Instagram also said it was making it harder in several countries for adults who have shown potentially suspicious behavior - such as recently being reported by a young user - to find young people's accounts, either through searching user names or having the accounts suggested to them. It said it would prevent such adults from seeing comments from young people on others' posts and that the adults would not be able to leave comments on the posts of young people.</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>Facebook will restrict ad targeting of under-18s</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\">\nFacebook will restrict ad targeting of under-18s\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\">2021-07-27 22:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>July 27 (Reuters) - <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc will stop allowing advertisers to target people under 18 on its platforms based on their interests or their activity on other sites, it said on Tuesday in a slew of announcements about young users.</p>\n<p>The change means advertisers will soon be able to target under-18s only by age, gender or location on Facebook, its Messenger service and its photo-sharing platform Instagram. In a blog post, Instagram said it was making the change because it agreed with youth advocates that young people might not be equipped to make decisions about targeting.</p>\n<p>Instagram users under 16 years old will also start to be defaulted into having a private account when they join the platform, the company said, in an effort to stop unwanted contact from adults. They will still be given the option, however, to switch to a public account and current users can keep their account as public.</p>\n<p>Facebook's approach to younger users has been in the spotlight after U.S. lawmakers and attorneys general slammed its leaked plans to launch a version of Instagram for children under 13. Earlier this year, a group of more than 40 state attorneys general wrote to CEO Mark Zuckerberg asking him to ditch the idea.</p>\n<p>The company said on Tuesday it was working on an \"Instagram experience for tweens.\" It has said the idea of a youth-focused app is to provide parents greater transparency and controls on what younger children who want to access Instagram are doing.</p>\n<p>Several major social media companies have also rolled out versions of their apps for younger audiences, from Facebook's Messenger Kids to Alphabet Inc -owned YouTube Kids.</p>\n<p>Proponents argue that children are already on a platform and so a family-friendly version provides a safer environment, but critics say Facebook should not be trying to hook young kids on its services due to risks to their development, mental health and privacy.</p>\n<p>Age verification of children is an issue on many social media sites, which prohibit kids under 13 but often fail to identify and remove underage users. In a separate blog on Tuesday, Facebook's head of youth products, Pavni Diwanji, said it was using artificial intelligence to improve this verification and remove underage accounts.</p>\n<p>Instagram also said it was making it harder in several countries for adults who have shown potentially suspicious behavior - such as recently being reported by a young user - to find young people's accounts, either through searching user names or having the accounts suggested to them. It said it would prevent such adults from seeing comments from young people on others' posts and that the adults would not be able to leave comments on the posts of young people.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154156259","content_text":"July 27 (Reuters) - Facebook Inc will stop allowing advertisers to target people under 18 on its platforms based on their interests or their activity on other sites, it said on Tuesday in a slew of announcements about young users.\nThe change means advertisers will soon be able to target under-18s only by age, gender or location on Facebook, its Messenger service and its photo-sharing platform Instagram. In a blog post, Instagram said it was making the change because it agreed with youth advocates that young people might not be equipped to make decisions about targeting.\nInstagram users under 16 years old will also start to be defaulted into having a private account when they join the platform, the company said, in an effort to stop unwanted contact from adults. They will still be given the option, however, to switch to a public account and current users can keep their account as public.\nFacebook's approach to younger users has been in the spotlight after U.S. lawmakers and attorneys general slammed its leaked plans to launch a version of Instagram for children under 13. Earlier this year, a group of more than 40 state attorneys general wrote to CEO Mark Zuckerberg asking him to ditch the idea.\nThe company said on Tuesday it was working on an \"Instagram experience for tweens.\" It has said the idea of a youth-focused app is to provide parents greater transparency and controls on what younger children who want to access Instagram are doing.\nSeveral major social media companies have also rolled out versions of their apps for younger audiences, from Facebook's Messenger Kids to Alphabet Inc -owned YouTube Kids.\nProponents argue that children are already on a platform and so a family-friendly version provides a safer environment, but critics say Facebook should not be trying to hook young kids on its services due to risks to their development, mental health and privacy.\nAge verification of children is an issue on many social media sites, which prohibit kids under 13 but often fail to identify and remove underage users. In a separate blog on Tuesday, Facebook's head of youth products, Pavni Diwanji, said it was using artificial intelligence to improve this verification and remove underage accounts.\nInstagram also said it was making it harder in several countries for adults who have shown potentially suspicious behavior - such as recently being reported by a young user - to find young people's accounts, either through searching user names or having the accounts suggested to them. It said it would prevent such adults from seeing comments from young people on others' posts and that the adults would not be able to leave comments on the posts of young people.","news_type":1},"isVote":1,"tweetType":1,"viewCount":579,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175881548,"gmtCreate":1627022291684,"gmtModify":1633768693970,"author":{"id":"4089330361541940","authorId":"4089330361541940","name":"Taniajl","avatar":"https://static.tigerbbs.com/4832c1aaecb90f47aa0c9b8585778afe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089330361541940","authorIdStr":"4089330361541940"},"themes":[],"htmlText":"Go big or go home","listText":"Go big or go home","text":"Go big or go home","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/175881548","repostId":"2153665674","repostType":4,"repost":{"id":"2153665674","kind":"highlight","pubTimestamp":1627021140,"share":"https://www.laohu8.com/m/news/2153665674?lang=&edition=full","pubTime":"2021-07-23 14:19","market":"us","language":"en","title":"MGM Resorts Is Betting Big on Las Vegas","url":"https://stock-news.laohu8.com/highlight/detail?id=2153665674","media":"Motley Fool","summary":"Asset sales in Las Vegas could increase MGM's risk for investors.","content":"<p><b>MGM Resorts</b> (NYSE:MGM) has quietly made a very big bet on the future of the Las Vegas Strip, and it could determine the stock's performance long term. Not only did MGM recently agree to acquire the half of CityCenter that it didn't own for $2.125 billion, but it also agreed to sell CityCenter's real estate for $3.89 billion to funds managed by <b>Blackstone</b> (NYSE:BX).</p>\n<p>The move to acquire a key asset and monetize its real estate sounds smart on the surface, but it's adding more leverage to MGM's business. And if Las Vegas doesn't recover from the pandemic quickly, MGM will feel it.</p>\n<h2>The popularity of REITs in Las Vegas</h2>\n<p>Over the past decade, it's become very popular to sell the real estate of casinos to a real estate investment trust (REIT) stock, either controlled by the company or a third party. <b>Penn National</b> started the trend by forming <b>Gaming and Leisure Properties</b> in 2013. <b>Caesars</b> used the <a href=\"https://laohu8.com/S/VICI\">Vici Properties</a>&nbsp;REIT to engineer the merger with Eldorado Resorts. MGM itself entered the arena with <b>MGM Growth Properties</b> (NYSE:MGP) in 2015.</p>\n<p>Today, most of the Las Vegas Strip real estate is owned by <a href=\"https://laohu8.com/S/AONE.U\">one</a> of these three REITs, with a few other asset owners scattered about. The deals have brought billions of dollars into casino companies&nbsp;but not without risk.</p>\n<h2>The casino business model reinvented</h2>\n<p>It used to be that casino companies would spend billions of dollars building a casino, take out debt to finance the project, and then operate and own the casino and land. As long as the company could cover operations and interest payments, it was a viable business model but expensive to get started.</p>\n<p>Today, casino companies can sell the real estate of their projects for nearly the same cost as building the casino, leaving them with essentially new casino operations for free. MGM did this in Washington, D.C., Massachusetts, and now with CityCenter. The trade-off is a long-term agreement to rent the property back from the REIT for a monthly payment.</p>\n<p>This sounds great but now companies no longer hold their own real estate to fall back on during hard times. In the financial crisis, for example, MGM sold Treasure Island (including the real estate) to help fund its own operations through the crisis. Over the last year, it sold the real estate under Bellagio, MGM Grand, Mandalay Bay, and now CityCenter for $12.7 billion. Real estate can be a very valuable backstop when times are bad.</p>\n<p>Operationally, selling real estate can leave these companies with more operating leverage, meaning operating income rises or falls faster than revenue. That's great when revenue is growing but has risks if revenue drops.</p>\n<h2>The risk in MGM's REIT moves</h2>\n<p>In the last 15 years, we've seen two major disruptions to the gambling business in the U.S. The first was from 2008 to 2010, when the financial crisis resulted in a huge cutback in consumer and business spending, and the second was the COVID-19 pandemic. In both cases, MGM had to sell assets and debt just to make it through the crisis.</p>\n<p>Now that MGM has sold a vast majority of its real estate, it doesn't have the same backstop in hard times. But it hasn't reduced debt to compensate for having higher operational risk, as you can see below. This is partially because MGM is consolidating MGM Growth Properties' debt. But the company has used most of the cash it has gotten from REITs to fund growth rather than pay down debt.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9d490e0c70304c5948a3228645b81921\" tg-width=\"720\" tg-height=\"466\" referrerpolicy=\"no-referrer\"><span>MGM Revenue (TTM) data by YCharts</span></p>\n<p>This strategy could pay off for investors if revenue grows in the coming years because the additional leverage will mean higher returns on the bottom line. But there's also added risk in a crisis. And we've seen that crises in Las Vegas happen more often than we might like, which is why MGM's bet on the city is a risky one for investors.</p>","source":"fool_stock","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>MGM Resorts Is Betting Big on Las Vegas</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\">\nMGM Resorts Is Betting Big on Las Vegas\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 14:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/22/mgm-resorts-is-betting-big-on-las-vegas/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MGM Resorts (NYSE:MGM) has quietly made a very big bet on the future of the Las Vegas Strip, and it could determine the stock's performance long term. Not only did MGM recently agree to acquire the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/22/mgm-resorts-is-betting-big-on-las-vegas/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MGM":"美高梅","BX":"黑石"},"source_url":"https://www.fool.com/investing/2021/07/22/mgm-resorts-is-betting-big-on-las-vegas/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2153665674","content_text":"MGM Resorts (NYSE:MGM) has quietly made a very big bet on the future of the Las Vegas Strip, and it could determine the stock's performance long term. Not only did MGM recently agree to acquire the half of CityCenter that it didn't own for $2.125 billion, but it also agreed to sell CityCenter's real estate for $3.89 billion to funds managed by Blackstone (NYSE:BX).\nThe move to acquire a key asset and monetize its real estate sounds smart on the surface, but it's adding more leverage to MGM's business. And if Las Vegas doesn't recover from the pandemic quickly, MGM will feel it.\nThe popularity of REITs in Las Vegas\nOver the past decade, it's become very popular to sell the real estate of casinos to a real estate investment trust (REIT) stock, either controlled by the company or a third party. Penn National started the trend by forming Gaming and Leisure Properties in 2013. Caesars used the Vici Properties REIT to engineer the merger with Eldorado Resorts. MGM itself entered the arena with MGM Growth Properties (NYSE:MGP) in 2015.\nToday, most of the Las Vegas Strip real estate is owned by one of these three REITs, with a few other asset owners scattered about. The deals have brought billions of dollars into casino companies but not without risk.\nThe casino business model reinvented\nIt used to be that casino companies would spend billions of dollars building a casino, take out debt to finance the project, and then operate and own the casino and land. As long as the company could cover operations and interest payments, it was a viable business model but expensive to get started.\nToday, casino companies can sell the real estate of their projects for nearly the same cost as building the casino, leaving them with essentially new casino operations for free. MGM did this in Washington, D.C., Massachusetts, and now with CityCenter. The trade-off is a long-term agreement to rent the property back from the REIT for a monthly payment.\nThis sounds great but now companies no longer hold their own real estate to fall back on during hard times. In the financial crisis, for example, MGM sold Treasure Island (including the real estate) to help fund its own operations through the crisis. Over the last year, it sold the real estate under Bellagio, MGM Grand, Mandalay Bay, and now CityCenter for $12.7 billion. Real estate can be a very valuable backstop when times are bad.\nOperationally, selling real estate can leave these companies with more operating leverage, meaning operating income rises or falls faster than revenue. That's great when revenue is growing but has risks if revenue drops.\nThe risk in MGM's REIT moves\nIn the last 15 years, we've seen two major disruptions to the gambling business in the U.S. The first was from 2008 to 2010, when the financial crisis resulted in a huge cutback in consumer and business spending, and the second was the COVID-19 pandemic. In both cases, MGM had to sell assets and debt just to make it through the crisis.\nNow that MGM has sold a vast majority of its real estate, it doesn't have the same backstop in hard times. But it hasn't reduced debt to compensate for having higher operational risk, as you can see below. This is partially because MGM is consolidating MGM Growth Properties' debt. But the company has used most of the cash it has gotten from REITs to fund growth rather than pay down debt.\nMGM Revenue (TTM) data by YCharts\nThis strategy could pay off for investors if revenue grows in the coming years because the additional leverage will mean higher returns on the bottom line. But there's also added risk in a crisis. And we've seen that crises in Las Vegas happen more often than we might like, which is why MGM's bet on the city is a risky one for investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172925331,"gmtCreate":1626928979823,"gmtModify":1633769627811,"author":{"id":"4089330361541940","authorId":"4089330361541940","name":"Taniajl","avatar":"https://static.tigerbbs.com/4832c1aaecb90f47aa0c9b8585778afe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089330361541940","authorIdStr":"4089330361541940"},"themes":[],"htmlText":"I think 2/3 of your pain was caused by going back on your word after publicly stating bitcoin will be accepted by Tesla","listText":"I think 2/3 of your pain was caused by going back on your word after publicly stating bitcoin will be accepted by Tesla","text":"I think 2/3 of your pain was caused by going back on your word after publicly stating bitcoin will be accepted by Tesla","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172925331","repostId":"1190301036","repostType":4,"isVote":1,"tweetType":1,"viewCount":302,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}