𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟭𝟰.𝟬𝟲.𝟮𝟬𝟮𝟮
Hi getquin,
From 500-million-dollar to one dollar. That's what I call investing. Want to know more about this? Join the group!
Nah... You'll find out in today's MarketNews! ⏬
𝗘𝘂𝗿𝗼𝗽𝗮🌍:
1. $500 million company sold for a dollar
For about a dollar, two European businessmen will buy Roman Abramovich's company Truphone. In 2020, the company was worth $516 million. Abramovich already had to sell his shares in Chelsea FC last week due to sanctions.
More about the sale: https://bit.ly/3MP5IjJ
𝗔𝗺𝗲𝗿𝗶𝗸𝗮 🌏:
1. 𝘌𝘓𝘔𝘚 𝘸𝘪𝘭𝘭 𝘦𝘪𝘯 𝘑𝘢𝘩𝘳 𝘯𝘢𝘤𝘩 𝘥𝘦𝘮 𝘉ö𝘳𝘴𝘦𝘯𝘨𝘢𝘯𝘨 𝘒𝘰𝘯𝘬𝘶𝘳𝘴 𝘢𝘯𝘮𝘦𝘭𝘥𝘦𝘯
Electric Last Mile Solutions (ELMS) has announced that it will liquidate its assets in Chapter 7 bankruptcy proceedings. ELMS has been unable to secure financing since its founder and CEO left the company in February after an investigation found that the company's financial reports were unreliable. ELMS built clean, connected and customized commercial vehicles that helped businesses - and the planet - thrive.
Click here to read about the bankruptcy proceedings: https://cnb.cx/3zAAs4Y
Other sources: https://electriclastmile.com/
🟥 $ELMS (🔼 -3.01%)
2. 𝘊𝘰𝘪𝘯𝘣𝘢𝘴𝘦 𝘣𝘢𝘶𝘵 𝘪𝘯𝘮𝘪𝘵𝘵𝘦𝘯 𝘥𝘦𝘳 𝘒𝘳𝘺𝘱𝘵𝘰-𝘛𝘶𝘳𝘣𝘶𝘭𝘦𝘯𝘻𝘦𝘯 1,100 𝘚𝘵𝘦𝘭𝘭𝘦𝘯 𝘢𝘣
Cryptocurrency exchange Coinbase (NASDAQ:COIN) Global Inc. announced Tuesday that it will cut 18% of its workforce, or about 1,100 jobs, to cut costs amid the downturn in financial markets.
The cryptocurrency market is experiencing extreme volatility due to economic and geopolitical uncertainties such as rising inflation and the impact of the Ukraine war. Bitcoin, for example, plunged as much as 14% on Monday after crypto provider Celsius Network froze withdrawals and transfers.
More on the terminations: https://bit.ly/3NQ6wWJ
🟥 $COIN (+1,92 %) (🔼 -4,33 %)
𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻:
𝘖𝘳𝘢𝘤𝘭𝘦 $ORCL (-1,41 %)
Compared with the same period last year, revenue climbed 5% to $11.8 billion (11.3 billion euros) in the three months to May. The SAP rival made the announcement after the U.S. stock market closed on Monday. On the bottom line, Oracle earned $3.2 billion, significantly less than in the same period last year, but more than experts had predicted. The company also significantly exceeded market forecasts in terms of revenue. The share price initially reacted positively to the figures in after-hours trading.
EPS: 🟩 $1.38 expected vs $1.54 published; difference: 11.25
Revenue: 🟩 $11.67 billion expected vs $11.84 billion published; variance: 1.43 %
Source: https://bit.ly/3HmJJQ0
𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆:
🟩 TOP $9901 (-2,62 %) 1,94 € (🔼 +19,08%)
🟥 FLOP $SWAV 162,63€ (🔽 -8,89%)
🟥 Most searched $AMZN (-1,27 %) , 98,82 € (🔼 0,63%)
🟥 Most searched $AMZN (-1,27 %) , 98,82 € (🔼 0,63%)
🟩 S&P500, 3,758.54 (🔼 +0.24%)
🟥 DAX, 13,358.83 (🔽 -0.53%)
🟥 $BTC (-0,03 %) ₿, 21.557,71 € (🔽 -0,03%)
Time: 16:50 CEST
𝗦𝗮𝗱 𝗙𝗮𝗰𝘁:
Every year, EU money flows into funding projects all over Europe. However, the money doesn't always get to where it should. According to the EU's Olaf agency, more than 527 million euros were misused or misappropriated in the EU last year - almost twice as much as in the previous year.
Source: https://bit.ly/3tXy7O7
