Is There a New Dotcom Bubble?

[Juan]

Today Bitcoin is going down the drain.

 

[Juan]

In less than 6 months interest rates in the US will exceed 5%.

 

[Juan]

Meta (formerly Facebook) will end up being the new Lehman Brothers...

 

[Juan]

Tomorrow inflation data for the eurozone will be published...

Lagarde is probably hiding somewhere, trying to avoid seeing those data.

 

[Juan]

Meta is looking worse and worse... it could go down the drain.

Meta announces hiring freeze amid advertising slump

 

[Juan]

World's largest crypto exchange hacked with possible losses of $500m | Cryptocurrencies | The Guardian

 

[Juan]

Uber and Lyft going down the drain...

The next "ventures" to go down the drain will be the ghost kitchens sponsored by Travis Kalanick. The guy should be prosecuted.

 

[Juan]

Snap losing 25% in the after market:

Snap's losses widen as advertising woes continue

 

[Juan]

This one is going down the drain too:

Adidas shares tumble after second profit warning in three months

The China boycott is hurting Adidas a lot. It used to account for 35% of its global sales.

 

[Juan]

This morning Whatsapp was down for several hours. I already deleted it and switched to Telegram.

 

[Juan]

The NASDAQ index is collapsing.

 

[Juan]

So Musk bought Twitter... now he can pay all the unpaid taxes in Europe!

Spain needs the money Elon!

 

[Juan]

Apart from booking flights, I do not remember the last time I purchased an item, a physical item, online... I stopped using Amazon years ago.

 

[Juan]

It seems the trend for this Christmas is staying at home, going to visit friends, or to visit family. All plans have something in common: cheap.

 

[Juan]

Huge economic crisis, I hear???

Tech groups cut jobs and pause hiring amid 'leaner times'

Stripe and Lyft become latest to announce lay-offs as Amazon keeps lid on headcount

 

[Juan]

The RIGHT thing to do to be more profitable for investors:

Facebook's parent Meta prepares to slash thousands of jobs – reports | Meta | The Guardian

 

[Juan]

This should be good for Amazon stock:

Amazon prepares to make about 10,000 job cuts to corporate workforce

 

[Juan]

The Dow Jones already in the red today and the NASDAQ index taking a nosedive...

It seems the metaverse was a pretty bad idea haha... a bit of a fiasco.

 

[Juan]

Crypto broker Genesis Trading halts withdrawals at lending unit

Group blames 'unprecedented market turmoil' in wake of FTX collapse

 

[Juan]

They called crypto "disruptive", "anonymous" and "decentralised"... and now they're talking about "corporate controls".

New FTX chief slams 'complete failure of corporate controls' at crypto exchange

John Ray criticises 'absence of trustworthy financial information', according to court filing

 

[Juan]

The Federal Reserve is telling the truth for once:

Live news: Fed official says rates need to rise above 5% to tame inflation

 

[Juan]

Tech lay-offs a wake-up call to Ireland's economy

Mass sackings are a blow to staff, but come amid rising concerns the country has grown too reliant on the industry

 

[Juan]

Masayoshi Son owes $4.7bn to SoftBank following tech rout

Market crash also wipes out value of Japanese founder's stake in second Vision Fund

 

[Juan]

Twitter goes from bad to worse... it might go bankrupt.

 

[Juan]

The only thing this person cared about was trying to imitate how Steve Jobs used to dress:

Theranos founder Elizabeth Holmes to be sentenced for fraud

Thousands of investors lost their money on this scam.

 

[Juan]

Interesting:

"Since few people read the fine print, there is a scenario under which one would have no deposit insurance for funds held via Revolut:

"If you have a separate account with the bank outside of Revolut, that account will also contribute to the total amount of your cover."

Source:
https://help.revolut.com/help/app-f...-are-the-funds-in-my-savings-vaults-protected

 

[Juan]

Two Estonians accused of $575mn crypto fraud

 

[Juan]

This will not end up well:

Twitter disbands Brussels office, prompting fears about online safety

Digital policy executives' departure elicits unease over adherence to EU rules on disinformation and hate speech

 

[Elmer B Fuddled]

This will not end up well:

Twitter disbands Brussels office, prompting fears about online safety

Digital policy executives' departure elicits unease over adherence to EU rules on disinformation and hate speech

Musk is just a fucking ass wipe in disguise.

 

[Juan]

They have reasons to be nervous:

Nervous auditors turn up the heat on crypto clients