recession itself doesnt really worry me since it was always going to be impossible to tame inflation without causing one. mass layoffs/unemployment would be worrying but so far that hasnt happened.
does anyone know any strippers? they are the first ones who can tell when we are in serious trouble.
The innovation-focused asset manager run by Cathie Wood sold more than 1.1 million shares of Coinbase from its Ark Innovation ETF (ARKK), the company reported in an email.
buy at 250/share sell at 56/share
and crypto immediately pumped right after that lulz
also amazon loses 2 billion dollars, last year same timeframe big profit, stock soars
the market is fun
Were the losses already baked in from RIVN or something?
AWS $79 billion of revenue at 30% margin while growing 33% seems good!
Yes a meaningless $3.9 billion write down on the Rivian investment.
What would AWS be worth if it was separated out from the retail business?.
the strippers thing is definitely true. they are the canaries in the mine for determining if people in general have disposable income. i dont know any personally any more… but the one i follow on twitter has been saying it’s been awful for a couple months already. so the canary has already been making noise.
This is an interesting question, and I don’t have a great answer. One very rough shortcut you could take is to say that, for a fast-growing company you might be willing to pay about 12-15 times the earnings you expect 5 years from now.
For the 6 months ended 6/30/2022, Amazon reported $12.2 billion of operating income for AWS. Let’s say that the full year is roughly twice that: $25 billion. That’s a pre-tax number, so let’s lop off 20% for taxes to get to $20 billion of full year after tax income. If it grows at 25% per year over the next 5 years, that gets to about $75 billion, for which you might pay 12x-15x, for a range of $900 - $1,100 billion. If that growth rate is 20% a year, that gets cut to about $700-$900 billion.
If you believe that, you get an implied value of Amazon ex-AWS in the range of $200-$400 billion for a company that looks to be on track for about $400 billion in sales on an annual basis. By comparison, Walmart has a market cap of about $350 billion on roughly $575 billion sales. So even though the two companies are obviously very different (Amazon’s advertising services is an enormous difference), Walmart’s numbers seem largely consistent with an implied Amazon ex-AWS value in the $200-$400 billion range. That, in turn, suggests that an estimated 2:1 ratio of AWS/non-AWS value is plausible.
So of course this all depends on what the growth rate ultimately turns out to be. But it also depends on what the company looks like on a stand-alone basis - do they have to replicate an entire administrative structure rather than just sharing Amazon’s existing structure? Are there synergies between AWS and the other non-AWS parts of Amazon’s business?
LOL Softbank
He really grifted the Saudi’s good.
surprised theres no talk about AMTD Digital Inc
very cool financial system we have
Anyone been following AMTD Digital, ticker $HKD?
IPO’d 2 weeks ago at $10. Peaked yesterday at $2555 before crashing to $1529. High today of $2118, low of $990. Market cap around 200 billion, P/E 1500.
What do they do? Well, I tried gleaning that from their website but my eyes glazed over from all the bullshit. Something about digital financial services, digital marketing, and digital investments. Very digital, very entrepreneur, very disruption.
Edit: ponied, seriously? The odds of that…
lol good timing
Also, this article is wild, it was briefly the third-biggest financial company on paper. Also check out this corporate structure
Sounds like something that will show up on John Oliver’s show 6 months from now. “Want to know how fucked up the market is? We created a company…”
WSB decided they were undervalued, or something. I assume it was a short squeeze?
This wasn’t the work of WSB at all. The earliest mention of hkd/amtd is two days ago, mentioned in passing (saying he missed the boat) in a post with 4 upvotes. A couple posts yesterday.
In lesser news, PGY, a company with -EPS, 13x’d in several days on zero news thanks to a stocktwit pump.
You mean the whole market is memes? Alwayswas.jpg
Jack Bogle was the original DeepFuckingValue and now his meme is propping up the whole market 
