Facebook faces decreasing of profits

Facebook faces decreasing of profits

CEO of Facebook Mark Zuckerberg official said that ‘’his company’’ will pay tax reforms which means paying more taxes for tech giants differently in every country. It means that cross-border tax rules will be rewritten in 137 states. Zuckerberg’s speech at the Munich Security Conference: "We accept that [the reforms] may mean we have to...
Warner Music Group (WMG) files papers for IPO

Warner Music Group (WMG) files papers for IPO

Warner Music Group wants to go public on the New York Stock Exchange, again. On February 06 the Los Angeles-based company, which represents artists including Ed Sheeran and Cardi B, filed to return to the public markets with an IPO. The exact date in which WMG will be debuting its share to the public is...
What will press American economy?

What will press American economy?

The not very healthy growth of the stock market is also reported by the published JOLTS (number of newly opened jobs), which showed a significantly different picture, as according to the data the US labor market hit the brick wall. Because, according to JOLTS, the traditionally popular labor market report of the former FED Governor...
Will OPEC again supported oil?

Will OPEC again supported oil?

Oil raised back above $50 a barrel as investors waited to see whether Russia would accept an OPEC+ plan for production cuts. Moscow started to study the proposal, to curb crude output by a further 600,000 barrels a day, Energy Minister Alexander Novak said in a statement that didn’t specify when Russia would decide. Meanwhile,...
UBER VS LYFT; LYFT DROP ON KNEE JERK REACTION AFTER Q4 RESULTS

UBER VS LYFT; LYFT DROP ON KNEE JERK REACTION AFTER Q4 RESULTS

San Francisco based Ride-Hailing platform Lyft (NASDAQ: LYFT) reported Q4 results that overall beat analyst expectations but the guidance of more big losses in 2020 likely spooked the market. Lyft's prediction of a profit in the fourth quarter of 2021 is a year behind rival Uber. The shares were down about 5% after trading hours...