To forget its difficulties for a second, Tesla launched a $1,500 surfboard. All 200 copies were sold within the first few days. Unfortunately, deliveries can take up to 10 weeks
You may have thought that the manufacturer was only making people happy? Ask billionaire and founder of Greenlight Capital David Einhorn. He is what we call a serial shorter, which means he bets on the fall of a stock. He shorted Tesla too... the stock bounced back, gaining 10% on Thursday. In other words, bad news for David and at a bad time: He announced earlier this week that his fund is down 18.3% for the first half of 2018. Elon Musk sent him a support message on Twitter:
The German company is officially entering the race against Tesla. It just opened reservation for its future 100% electric car on its website. The car will have a horsepower of 600 and a range of 500 km (on paper). In Tesla style, you can pre-order your Porsche Taycan paying a first sum of 2,500. However, you will have to be patient, the first deliveries won't be before the end of 2019 - if Porsche meets its deadline.Crypto point.
On Friday, July 27, the SEC rejected Winklevoss's twins bitcoin ETF. As a result, Bitcoin then went down from $8,300 to $7,800 (-6%) in three hours. In the following twelve hours, it recovered from its losses. Some smart traders may have bet on these moves and made a profit.
On a different coin note, McDonalds has released its very own MacCoin, a physical kind cryptocurrency. 14,000 of them will be spread around the world and the lucky owner of one coin can trade it against a Big Mac (or speculate an upward movement).Virgin Galactic.
The spatial tourism company realized a third supersonic flight above the Mojave Desert and completed it with success. The plane went more than twice the speed of sound (2,549 km/h) at an altitude of 52 kilometers. Only 42 km were necessary. A bit closer to the border of space yet again.
A $1,000,000,000,000 market cap, done! The Cupertino-based firm announced its incredible quarterly results earlier this week. 41.3 million iPhones were sold in the last quarter at a medium price of $724. All products and services reunited, revenues exceeded 53.3 billion dollars for a result of $11.5 billion. Are you a shareholder yet?Facebook.
In response to its declining share price, caused in part by the Cambridge Analytica scandal, the social network cut the data access for hundreds of thousands of apps. Developers had until the 1st of August to submit a new version of their app matching Facebook's new security criteria.
WhatsApp is being used by more than 1.5 billion people, it cost Facebook about $19 billion to buy and never made a single dollar. After having consolidated the user base, the social network now wants to get a return on investment. So first, it will offer tools for companies to interact with its customers via the app, but its not going to be free. Then, ads will appear in 2019. Starbucks.
To boost its revenues in China, Starbucks is teaming up with Alibaba. Recently, new comer Luckin Coffee is causing the American company pain, selling the same products 20 to 30% cheaper. Starbuckss response to this threat is to offer home delivery for its products. Ele.me, a subsidiary of Alibaba worth 9.5 billion dollars, will be in charge of this. Commencing in September in Beijing and Shanghai, and then in about 30 other cities, the goal is to offer the service in 2,000 Chinese coffee shops.Square.
In addition to money transfers, their Cash App offers Bitcoin trading since January. Since then, Square has made 37 million dollars of commission on the exchanges of the virtual money. At the same time, it cost the company $36.6 million to create the service. Doing the math, only $420,000 stay in the bank account which is not a lot. The company co-founded by Jack Dorsey, one of the founders of Twitter, does not want to monetize it now but attracts customers to increase transaction volumes.Take-Two Interactive Software.
The video games editor announced that it is going to reach the magical number of 100 million sold copies of GTA V! The group also announced good results. Even if quarterly sales decreased to 388 million dollars compared to $418 million the year before, the company's net result increased from $60.3 million to $71.3 million. The stock was trading up 11% in pre-opening trading.Market cap.
Market capitalizations are expressed in billions of dollars: