Bottom Feeders Time To Shine

Big news this morning that everyone's talking about...

 

The article on cheddar seems to be the source of this news as little has been confirmed by Facebook themselves save for the fact that they've hired a few members from Chainspace team.

All we know at this point, Facebook has roughly 40 employees led by top FB exec David Marcus in their new blockchain team. What they're working on or how it will be rolled out is still very much a mystery as the behemoth company is holding their cards very close to their chests.

In $FB's latest earnings report they announced 2.32 billion monthly active users, which if accurate, is a third of the world's population. So it makes sense that they're hiring the folks from Chainspace who are reportedly experts in smart contract platform scalability.

What might not be obvious is the unbelievable deal they're getting due to the bear market. The company was trying to raise less than $4 million when Zuck's offer came along. No doubt that during the bull market of 2017 valuation could have been ten times higher as we'll explore below.

Traditional Markets

With volumes down across Asia, the European open hinges only on Japan and Australia... who seem to be going in opposite directions.

Nevertheless the European open has been fairly positive as investors remain optimistic in the face of extreme geopolitical tensions. 

Gold has come off its highs. Crude Oil remains stable. While the US Dollar has bounced nicely off the lows.

 

Google Earnings Surprise

In a shocking earnings report yesterday, Google announced that they'd far surpassed all expectations. Just as we saw with FB's announcement last week, online advertisers are hitting their respective markets hard.

Alphabet shares, however, managed to fall slightly in after hours. This seems to be because Google is now paying more out to their partner websites who host the ads. 

1 2
View single page >> |

Please note: All data, figures & graphs are valid as of February 5th. All trading carries risk. Only risk capital you can afford to lose.

Disclaimer: This content is for information and ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.