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102945117 Male ID: 102945117
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    102945117 commented on
    $WeWork (WE.US)$, which was valued at $40 billion by $SoftBank Group (9984.JP)$ four years ago, is now warning of possible bankruptcy due to heavy debt and negative cash flows from operating activities. The Covid pandemic and subsequent economic slump have led to many businesses exiting their leases in favor of remote work, leaving WeWork struggling to generate cash and pay its debts.
    If we are not successful in improving our liquidity po...
    'WeWork' or 'WeCrashed': From $40 Billion to 'Going Concern'
    'WeWork' or 'WeCrashed': From $40 Billion to 'Going Concern'
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    actually all these fed member should not utter a word about rates...they just use to short or long the mkt with their influence
    ChatGPT has sparked a global AI stock craze since the start of the year. OpenAI's chatbot ChatGPT has become the fastest-growing consumer app in history, with an estimated 100 million monthly active users^ in January this year, just two months after its launch.
    The ChatGPT mania has also pushed a number of AI concept stocks higher so far this year, with Nvidia up nearly 54%^ year-to-date, Buzzfeed up over 145%^, and the...
    ChatGPT mania pumps up the markets! Related stock jumped as high as 806.9%^
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    102945117 commented on
    As the most bearish Tesla analyst on Wall Street, Gordon Johnson has taken abuse for years from bullish analysts and investors for arguing that Elon Musk's EV giant is overvalued. But with shares down over 70% in the past 12 months, some Tesla investors are beginning to heed Johnson's warnings.
    "We've been saying this all along, but nobody wanted to listen," t...
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    102945117 commented on
    Elon Musk spoke for nearly two hours in a 'Twitter Spaces' audio chat with more than 100,000 listeners on Saturday.
    Musk has described himself as a "free-speech absolutist," vowing to be less restrictive with content moderation than Twitter's previous leadership.
    He also said that there is "definitely some risk" to his personal safety during an extensive discussion about free speech, chang...
    Musk Says He Faces 'Quite Significant' Risk of Being Assassinated: "If I Committed Suicide, It's Not Real."
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    irony and paradoxical but is true to transit to renewable energy u need cash from these old energy first ...oil producing try to kill shale drilling with low oil price ..they trying to kill renewable with high price...so Elon is correct ..to bring the game to a opitmal point
    On the last trading day, the NASDAQ Composite index dropped 0.60%, while the S&P 500 index dipped 0.35%, and the Dow Jones Industrial Average declined 0.31%.
    On Tuesday, there was no traditional IPO filed and four new stocks officially listed for trading. Online commerce platform Society Pass surged 436.67% in its trading debut, giving it a market value of $0.92 billion.
    Rivian and Expensify is going public today:
    Electric vehicle start-up Rivian Automotive plans to list its shares on the Nasdaq on November 10th. The company aims to trade under the ticker symbol “RIVN.”
    Rivian had previously raised its expected price range to between $72 and $74, up from an initial range of $57 to $62. It priced its IPO on Tuesday at $78 a share above top of range.
    According to Bloomberg, Rivian expects the IPO to bring in $11.9 billion. The $11.9 billion haul is the biggest first-time share sale this year as well as the sixth-largest ever on a U.S. exchange.
    Based on the share count, Rivian is being valued at about $76.4 billion on a fully diluted basis that accounts for stock options.
    Related:
    IPO-pedia | Amazon-backed EV maker Rivian prices its IPO above top of range
    Expensify plans to list on the Nasdaq Global Market under the ticker symbol "EXFY." The company is known for its cloud software, which helps businesses manage their finances.
    Expensify boosted the price range for its initial public offering. It would sell 9.73 million shares at $25 to $27 each, up from the $23 to $25 price range it set last week. At $27 a share, Expensify’s valuation is $2.18 billion.
    The offering is being led by JPMorgan Chase & Co., Citigroup Inc. and Bank of America Corp.
    Related:
    IPO-pedia | Top-rank expense management software Expensify will go public today
    Online commerce platform Society Pass acquires and operates e-commerce platforms in South Asia.
    It operates its platforms through direct and indirect wholly-owned subsidiaries, including but not limited to Society Technology LLC, SoPa Technology Pte Ltd, SoPa Cognitive Analytics Pte Ltd, Sopa Technology Co Ltd, HOTTAB Pte Ltd and HOTTAB Vietnam Co Ltd, etc.
    The Group currently markets to both consumers and merchants in Vietnam while maintaining an administrative headquarters in Singapore.
    After the completion of IPO, it intends to expand our e-commerce ecosystem throughout the rest of SEA and South Asia with particular focuses on the Philippines, Indonesia, India and Bangladesh.
    Roblox is an online game platform and game creation system developed by Roblox Corporation. It allows users to program games and play games created by other users. The platform hosts user-created games of multiple genres coded in the programming language Lua.
    Created in 2004 and released in 2006, Roblox began to grow rapidly in the second half of the 2010s, and this growth has been accelerated by the COVID-19 pandemic. As of August 2020, Roblox had over 164 million monthly active users, with it being played by over half of all children aged under 16 in the United States.
    As of November 10th 2021 Roblox has a market cap of $63.39 billion, with the listed to date gain of 143.38%.
    $Society Pass (SOPA.US)$ $Roblox (RBLX.US)$ $Rivian Automotive (RIVN.US)$ $Expensify (EXFY.US)$
    IPO Recap | EV maker Rivian and software unicorn Expensify will go public today
    IPO Recap | EV maker Rivian and software unicorn Expensify will go public today
    IPO Recap | EV maker Rivian and software unicorn Expensify will go public today
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    Q&A is a session under a company's earnings conference that institutional and retail investors ask some most-concerned questions to the management. On this page, you may discover info that might affect the stock price in the following weeks. $AMC Entertainment (AMC.US)$
     Key Takeaways
    Attitudes: even amid beating earnings, the management emphasize that no one should have any illusions. There is more challenge ahead of us still to be met. The virus continues to be with us.
    Goals: based on a Q4 domestic box office forecast of approximately $2 billion, the company believes that the adjusted EBITDA and our operating cash burn is likely to turn positive in Q4.
    Products: AMC continues to look at other cryptocurrencies it can accept and has spoken with third parties about launching its own cryptocurrency and'll be able to launch the acceptance of Dogecoin in the first quarter of '22.
    Will you accept Shiba Inu?
    There's just been a tidal wave of inbound messaging to our company and to me personally that we ought to get much more active in the sphere of cryptocurrency and that there was real opportunity for AMC. And in a groundbreaking announcement back in August or September, we announced with some bravado that we're going to accept Bitcoin. And we are on track right now to accept, as we promised, Bitcoin, Ethereum, Litecoin, Bitcoin Cash and others. We think we'll be able to launch the acceptance of Dogecoin in the first quarter of '22, and we are now figuring out how we can take Shiba Inu as a currency.
    What are the opportunities for AMC with respect to NFTs?
    That's just a really smart idea. And the more I saw this cavalcade of advice from our shareholder base that we should explore commemorative movie theater tickets as NFTs, the more they set us down this path. We have already commenced serious discussions with multiple Hollywood studios, major studios, about launching NFTs in conjunction with some of the major titles of movies that are playing in our theaters. As I said in the prepared remarks, there's nothing to report today. But stay tuned, this space is very intriguing to us.
    Will AMC offer a method by which people can buy retail AMC merchandise?
    Well, you seem to be on the hit parade of suggestions of our shareholders. Over and over and over and over and over again, people are telling me that we ought to launch various lines of AMC merchandise. It's a whole variety of things that would carry the AMC logo, whether it's golf shirts or coffee mugs or hats or a lot of other things. And again, it seems like a good idea to us, especially if we can connect it to major movie titles that are playing in our theaters. And so we're going to be exploring this area very carefully as we enter the new year 2022.
    Will AMC offer eSports and gaming in the theaters?
    This is something we looked at repeatedly over the six years that I have run AMC. There are reasons to think it might be one of these many ideas where we could branch out our company and do something different going forward than we have done in the past, hopefully creating shareholder value in the process. We're living up to the shareholder value that's already implied in our share price. Interestingly for us, on our board of directors, is another Adam, Adam Sussman, who's the president of Epic Games. So we're going to take a look at what opportunity is available to AMC through gaming and eSports as the new year comes forward.
    I think you said that based on a $2 billion box office in the fourth quarter, that you'll be adjusted EBITDA positive. Is there a way you can give us the idea of how that breaks down in the U.S. versus international?
    On the expectation for Q4, what I said in the prepared remarks was assuming a $2 billion domestic box office. And the expectation that is both positive from an EBITDA point of view, adjusted EBITDA point of view that we disclosed, and also from an operating cash burn point of view as well. So that's the expectation for Q4. And if you look at our October attendance numbers, what you'll see is actually the international business outperformed the U.S. So the domestic business was, from an attendance point of view, was around 30% below 2019's level, and the international business was around 26% below 2019's level.
    This article is a script from the Q&A session of AMC's earnings call on Nov 8. In order to facilitate reading, we have made appropriate cuts. If you want to know more details, you can click here to re-watch the earnings call.
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