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Alphabet’s facing a major US antitrust lawsuit

What’s going on? The US Justice Department (DoJ) filed an antitrust lawsuit against Alphabet (a.k.a. Google) on Tuesday, accusing the tech giant of using anticompetitive tactics to preserve itself as “a monopoly gatekeeper of the internet”. Alphabet’s Google currently has around an 92% share of the search engine market, Microsoft’s Bing coming in at around 3% and Yahoo at around …

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Tesla’s Stock Split Pushes Share Price Up 13%

2020 has been a good year for Elon Musk. Despite COVID-19 locking down economies around the world, Elon has gone from strength-to-strength. If a new child, a successful SpaceX launch and Tesla defying all of the short sellers wasn’t enough, overnight Elon became the third richest person in the world with a net worth of $111 billion (eclipsing Facebook’s Mark …

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Do Leadership Spills Move Markets?

Australia has a new Prime Minister, once again the top job was taken through an internal party spill rather than at the ballot box. Of our last 5 Prime Ministers, the majority (Gillard, Turnbull, Morrison) have become PM through internal party politics rather than by the will of the voters. On the politics, there isn’t much more we can add …

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Like, Share, Comment, Delete: Social Media’s Rough Week

02/08/2018 Why Facebook and Twitter both fell over 20% last week. It is reporting season once again in America, as companies report their 2nd quarter (April-June) results to the market. What caught our attention was the performance of the world’s largest social media companies – Facebook and Twitter – that both saw their share prices fall despite reports that didn’t …

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Race to $1 Trillion

19/07/2018 $1 Trillion. $1,000,000,000,000. One thousand billion. One million million. It’s a big number. Amongst some of the biggest companies in the world, the race is on to be the first company with a market cap of $1 trillion. No company in history has ever reached this milestone before. For the new investor, the market cap is calculated by taking …

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Spotify’s going public and it doesn’t need any help

20/03/2018 Save the date – April 3 – Spotify is going public. The company has ruffled some feathers by choosing to cut investment bankers out of the process. Instead of an Initial Public Offering, they are going public via a Direct Public Offering. We thought we’d put together a quick blog post explaining the company and the different way they have …

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5 Highlights from Reporting Season so far

24/02/2018 In Australia we have two main reporting seasons, February and September. This is when publicly traded companies announce their half year (February) and full year (September) trading results to the market. It is a good opportunity to review your investments and to consider whether your investment thesis still holds. It can also be a fascinating time as interesting stories …

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Afterpay Update: 5 Big Questions from the Recent Merger

19/07/2017 Big news for our stock of the week pick Afterpay. As a quick refresher – Afterpay is an online payments company that partners with online retailers and allows shoppers to pay purchases off in instalments without incurring any interest payments. By way of an example –  want to buy a $1000 jacket? With Afterpay that jacket is now $250 …