Is There a New Dotcom Bubble?

#631
Elon Musk disappoints again: less cars delivered than expected.

Toyota is the leader in Spain, obviously due to the reliability of Toyota cars, the easy access to parts, components, repair shops. Toyota makes good quality cars at a very competitive price.

Tesla is just the opposite: expensive, unreliable cars. I would not buy a car like that.

Tesla deliveries fall short of Wall Street expectations
 
#636
The EU should not only fine Big Tech for all the violations of data protection and privacy laws, but also for routinely avoiding taxes in the EU, this is, not paying what any other company pays in taxes.

Margrethe Vestager should really be put in the "box of the useless" together with Lagarde, Von der Leyen, and Powell. These politicians are making the lives of the ordinary citizen worse every day by allowing some companies and economic actors to be above the law, and in practical terms exempt from complying with EU laws and regulations.

Meta Fined Over $400 Million By EU For Alleged Personal Data Collection Violation (forbes.com)
 
#637
Inflation is through the roof and central bankers will keep raising rates this year and also in 2024. Higher interest rates try to tackle inflation that is out of control.

Remember that those fools like Lagarde and Powell were foolishly (but purposedly) talking about "transitory" inflation... they were dragging their feet as far as interest rates were concerned, and doing nothing... now's the time to panic. It's late and urgent measures are needed.

Fed wants 'more evidence' of easing inflation and backs fresh rate rises

In today's session Microsoft takes a new hit, but is still overvalued, and way higher than before the pandemic.
 
#638
More job cuts:

Amazon plans to cut 18,000 jobs to rein in costs

Amazon products became expensive, and there are too many fake products and dubious sellers, plus the delivery cost rocketed... I stopped shopping there years ago, also due to Amazon's failure to pay taxes in Spain.

I will not support a company that does not pay taxes, if there are other options. Any big retailer (with physical shops) will have better prices, create more jobs, and pay more taxes than Amazon. Support local businesses!
 
#642
SmallRonnie said:
Do you plan on buying any stocks/ETFs at any point if they fall a lot further?
Click to expand...
I am always buying and selling stocks. Now I have Boeing, IAG (airlines), Novartis, Nestle, etc

I am very skeptical about the "tech" sector. People do not have money to spend in the middle of an economic crisis and companies - logically - do not have money to waste on useless "advertising".

It caught my attention a long time ago how perfume brands use and reuse the same TV commercial for a certain product for like 10 years! So you see a certain actress that does not age over the years hahaha... and the same boring product over and over again... I think consumers are a bit tired of seeing ads everywhere.

I would like to add that IAG airlines (it floats on the Spanish index - Ibex 35) is going to take over Air Europa and will expand its operations to Asia, making it a bigger player. The IAG stock, in my opinion, is very undervalued as compared to peers like Ryanair and other airlines.
 
#647
Today Jamie Dimon (JP Morgan) said that he sees US interest rates at 6%.

And it's likely rates end up above 6%, because inflation is out of control...
 
#648
Juan said:
These are bad times for crypto "believers"... maybe they should turn to religion haha.. you know... "deceiving people for over 2.000 years!"

Coinbase to slash a fifth of workforce as crypto crisis deepens

These crypto charlatans are amateurs compared to the Catholic Church :ROFL:
Click to expand...
Crypto is all such a massive scam. Anyone with any money in it should sell immediately.

No smart investor would ever invest in the best performing asset of the past decade.
 
#649
SmallRonnie said:
Crypto is all such a massive scam. Anyone with any money in it should sell immediately.

No smart investor would ever invest in the best performing asset of the past decade.
Click to expand...
Sam Bankman-Fried made a ton of money... running away with the money of "investors" :ROFL: :LOL:
 
#650
The EU will end up suing Airbnb and Uber for failing to charge VAT to their services.

EU taxpayers cannot be shelling out tons of money while Big Tech pays nothing and incurs in tax evasion.
 
#652
Juan said:
I would like to add that IAG airlines (it floats on the Spanish index - Ibex 35) is going to take over Air Europa and will expand its operations to Asia, making it a bigger player. The IAG stock, in my opinion, is very undervalued as compared to peers like Ryanair and other airlines.
Click to expand...
As you can see, the IAG stock I recommended is doing well. This is a chart for the last month:

upload_2023-1-12_10-38-29.png
 
#656
#657
SmallRonnie said:
It's not just a crypto problem though. All the big tech companies and banks are laying off staff too.

Amazon recently announced they are using the Avalanche blockchain for AWS. Things are looking great, really.
Click to expand...
I bought some Avalanche after that announcement. It was already a well made L1, and doesn't hurt to have Amazon take you under their wing.

My favorite crypto has been Kadena for a while. They've got an impressive team, and it's essentially a network of parallel-processing PoW chains that reference each other.

I lost some money in Luna, so take my crypto advice with a grain of salt haha.

Regardless, it's fun learning about these new ideas.
 
#658
Theezy said:
I bought some Avalanche after that announcement. It was already a well made L1, and doesn't hurt to have Amazon take you under their wing.

My favorite crypto has been Kadena for a while. They've got an impressive team, and it's essentially a network of parallel-processing PoW chains that reference each other.

I lost some money in Luna, so take my crypto advice with a grain of salt haha.

Regardless, it's fun learning about these new ideas.
Click to expand...
I like Avalanche and Fantom as alt Layer 1s. Also BNB. They have the most active developers by far.

KDA does sound good for sure, I always forget about it. They don't market it much and it isn't used much.

Layer 2 coins are kinda hot now too. OP and Matic are both popular recently. ZkSync is launching this year too and will be super hot.

I like to use this site to analyse stats:

https://defillama.com/
 
#659
SmallRonnie said:
It's not just a crypto problem though. All the big tech companies and banks are laying off staff too.

Amazon recently announced they are using the Avalanche blockchain for AWS. Things are looking great, really.
Click to expand...
I see less and less Amazon parcels delivered in this neighbourhood. People have turned to the physical store again. At least in Spain people want to go out, be outside after all this strange years (COVID-19 etc).
 
#660
Juan said:
I see less and less Amazon parcels delivered in this neighbourhood.
Click to expand...
With all due respect, this isn't a good metric to measure the performance of the whole company. Their sales last quarter actually increased but net profits are down. I found it here.

I would expect their sales to drop though since credit is being maxed out for a lot of the public and more layoffs in general are likely. I don't know much though lol.
 

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