2024-02-14
“The error adds to years of woes for Lyft's shares, which have lost about 80 per cent of their value since its initial public offering in 2019.”
Business Insider
A typo in Lyft's Q4 release mistakenly forecast a 500 BPS of EBITDA margin improvement for 2024, causing a stock surge, before the error was corrected to 50 BPS
- Lyft mistakenly forecast 500 basis points of margin improvement for 2024, causing a stock surge.
2024-02-03
It is an alarming reflection on the state of the world today that some of our society's strongest businesses — $META $LVMHF $NVDA — do not improve the condition of humanity at all. It could be argued that half of the MSCI all-world index constituents worsen humanity.
Bloomberg
Meta's stock rises 20%+, adding ~$200B to its market cap, the biggest single-session market value addition, eclipsing Apple's and Amazon's $190B gains in 2022
- Stock also holds record for the biggest wipeout in history — Shares surge after big earnings beat, buyback, dividend plans
2024-01-02
Fidelity has marked down its shares of Xitter substantially. As Axios has pointed out, Fidelity's most recent markdown “includes a 10.7% cut during November, during which time Musk told boycotting X advertisers to “go f**k yourself” during an on-stage interview with the New York Times.” …
Axios
Filing: Fidelity marks down the value of its X stake, estimating the company is worth ~28% of the $44B that Elon Musk paid, down from 33% in May 2023
yourself’ outburst Kwan Wei Kevin Tan / Business Insider : X is worth 71% less now after Elon Musk took over and burned its bridges with advertisers: Fidelity Anders Hagstrom / Fox...