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Amazon reaches market value of $1 trillion

sudshr47 September 4, 2018

Jeff Bezos has long been one of the wealthiest people in the world. Now, the company he founded is also one of the world’s most valuable.

Amazon became the second U.S company to reach a market cap of $1 trillion today, crossing the milestone when the stock price reached $2,050.27 per share this morning. The stock has been rocky since, closing at a price of $2,039.51 per share.

Amazon had been racing Apple to become the first U.S. company to reach a $1 trillion market value through most of the yearApple surpassed a $1 trillion market value on Aug. 2 — just five weeks ago. Notably, each company has employed very different strategies and business models to get to this point. Read more…

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Huawei claims it could become the world’s largest smartphone maker next year

sudshr47 August 3, 2018

Huawei is basically screaming, “Can you hear me now?”

The Chinese smartphone maker said yesterday that it is positioned to become the world’s largest smartphone vendor by the end of next year. Huawei just upped its 2018 yearend shipment prediction to more than 200 million, which Huawei chief executive Howard Yu previously expressed as his goal.

“I think it’s no problem that we become the global number two next year,” Yu said during a media briefing at the company’s Shenzhen (southeast China) headquarters.

“In Q4 next year, it’s possible we become number one.” Read more…

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Here’s what Spotify shares will be worth when they start trading

sudshr47 February 28, 2018

Spotify has finally filed to go public. But unlike most tech offerings, Spotify won’t be raising any money by issuing new shares. Instead they’ll just allow existing shares owned by investors and employees to be traded publicly on the New York Stock Exchange. No IPO means there are no investment banks to underwrite and price the offering, meaning the public markets will essentially… Read More

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dYdX is a decentralized protocol for cryptocurrency derivatives

sudshr47 December 19, 2017 Startups

While some financial derivatives like futures trading are slowly coming to Bitcoin, we’re still a long time away from these financial products being widely available for the entire cryptocurrency asset class.
So dydX is building a decentralized protocol for derivatives, built on the Ethereum blockchain and the 0x protocol. The protocol lets you take out peer-to-peer short sells, long… Read More