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wabz
2021-11-11
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Move over, bitcoin. Ether is back and nipping at your heels
wabz
2021-08-05
Like please thanks
Uber Stock Falls as Profits Are Hit by Driver Incentives
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Ether is back and nipping at your heels","url":"https://stock-news.laohu8.com/highlight/detail?id=1115788211","media":"CNN","summary":"New York (CNN Busines)Bitcoin has rocketed to an all-time high of nearly $70,000. But investors are ","content":"<p><a href=\"https://laohu8.com/S/NWY\">New York</a> (CNN Busines)Bitcoin has rocketed to an all-time high of nearly $70,000. But investors are even more excited about ethereum, which is now the world's second most valuable cryptocurency.</p>\n<p>Ethereum, or ether for short, is also trading at record levels. It's now hovering around $4,850, having soared more than 560% this year, compared to the \"mere\" 135% pop for bitcoin. Crypto investors are betting that ether will continue to be used as the backbone for even more non-fungible tokens, or NFTs, as well as so-called smart contracts.</p>\n<p>Experts predict that this wave of decentralized finance (DeFi) will become more prevalent in banking. That could be great news for ether, as well as solana, another crypto that has blockchain technology used in DeFi applications.</p>\n<p>Ether, which now has a total value of about $575 billion for all its coins in circulations, has also narrowed the market cap gap with bitcoin, which is worth about $1.3 trillion. The two cryptos now make up almost two-thirds of the nearly $3 trillion cryptocurrency market.</p>\n<p>\"We're seeing a shift in the industry where bitcoin went from being 75 percent of the overall cryptocurrency market cap to about 50 percent,\" Michael Pinsker, founder and president of wealth management tech firm Docupace, said about the drop in bitcoin's market share since 2017. \"That percentage should come down even further.\"</p>\n<p>More investors flocking to ether</p>\n<p>Ether has also become more popular with many traders on crypto brokerage Coinbase.</p>\n<p>In its latest earnings report after the closing bell Tuesday, Coinbase said that 22% of its third quarter trading volume was for ether, compared to 19% for bitcoin. That's the second straight quarter that ether trading was higher than bitcoin.</p>\n<p>There could even be a so-called \"flippening\" in the next decade, where the value of ethereum winds up topping bitcoin, said Jared Madfes, a partner with Tribe Capital.</p>\n<p>The persistence of inflation is benefiting ether and other cryptocurrencies, too. Consumer prices continue to surge and investors recognize that digital currencies are gaining value at a time when interest rates remain low and the Fed and other central banks pump money into the economy.</p>\n<p>\"Inflation is not going away. Central banks printing money is a chasm that can't be crossed,\" said Dylan LeClair, head of market research at Bitcoin Magazine.</p>\n<p>The rise of bitcoin ETFs also could be good news for ethereum, because experts predict that similar ether ETFs could soon launch. That will make it even easier for average investors and big money management firms to buy into the crypto.</p>\n<p>\"Institutions want more exposure to cryptocurrencies, so I anticipate there will be ether ETFs,\" Tribe Capital's Madfes said.</p>\n<p>Experts say stick to ether and bitcoin and avoid meme coins</p>\n<p>Still, investors need to be careful when buying cryptocurrencies. Not all of them have practical uses.</p>\n<p>There are now many so-called meme coins out there, such as dogecoin and shiba inu, that have popped in price thanks to social media hype (including from Tesla (TSLA) CEO Elon Musk) and other more silly reasons.</p>\n<p>\"Crypto now is a lot like the 1990s and the internet,\" said Eric Satz, CEO and founder of Alto, an investment firm which offers a crypto IRA. He's referring to the many e-commerce companies that went public and soared back then. But only <a href=\"https://laohu8.com/S/AONE.U\">one</a> true leader, Amazon (AMZN), is still standing today.</p>\n<p>\"There are a whole lot of crypto assets out there. But there will be a lot of roadkill. <a href=\"https://laohu8.com/S/ISBC\">Investors</a> need to proceed with caution,\" Satz said, adding that he recommends investors have a crypto portfolio that's made up mostly of bitcoin, ether and solana.</p>\n<p>Ray Youssef, co-founder and CEO of Paxful, a crypto trading platform, has an even more cautious take. Crypto investors should not hold dogecoin, shiba inu or any of the other more speculative cryptos, he said, because big corrections lie ahead.</p>\n<p>It's like the stock market in that respect: It's one thing to own shares of <a href=\"https://laohu8.com/S/AAPL\">Apple</a> (AAPL), <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> (MSFT) or another top company in the S&P 500. Meme stocks are another story.</p>\n<p>\"Ether and bitcoin versus meme coins are like the difference between blue chips and penny stocks you get a call about from a guy in a boiler room,\" Youssef said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Move over, bitcoin. Ether is back and nipping at your heels</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMove over, bitcoin. Ether is back and nipping at your heels\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-11 08:18 GMT+8 <a href=https://edition.cnn.com/2021/11/10/investing/ethereum-bitcoin-cryptocurrencies/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Busines)Bitcoin has rocketed to an all-time high of nearly $70,000. But investors are even more excited about ethereum, which is now the world's second most valuable cryptocurency.\n...</p>\n\n<a href=\"https://edition.cnn.com/2021/11/10/investing/ethereum-bitcoin-cryptocurrencies/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust ETF"},"source_url":"https://edition.cnn.com/2021/11/10/investing/ethereum-bitcoin-cryptocurrencies/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115788211","content_text":"New York (CNN Busines)Bitcoin has rocketed to an all-time high of nearly $70,000. But investors are even more excited about ethereum, which is now the world's second most valuable cryptocurency.\nEthereum, or ether for short, is also trading at record levels. It's now hovering around $4,850, having soared more than 560% this year, compared to the \"mere\" 135% pop for bitcoin. Crypto investors are betting that ether will continue to be used as the backbone for even more non-fungible tokens, or NFTs, as well as so-called smart contracts.\nExperts predict that this wave of decentralized finance (DeFi) will become more prevalent in banking. That could be great news for ether, as well as solana, another crypto that has blockchain technology used in DeFi applications.\nEther, which now has a total value of about $575 billion for all its coins in circulations, has also narrowed the market cap gap with bitcoin, which is worth about $1.3 trillion. The two cryptos now make up almost two-thirds of the nearly $3 trillion cryptocurrency market.\n\"We're seeing a shift in the industry where bitcoin went from being 75 percent of the overall cryptocurrency market cap to about 50 percent,\" Michael Pinsker, founder and president of wealth management tech firm Docupace, said about the drop in bitcoin's market share since 2017. \"That percentage should come down even further.\"\nMore investors flocking to ether\nEther has also become more popular with many traders on crypto brokerage Coinbase.\nIn its latest earnings report after the closing bell Tuesday, Coinbase said that 22% of its third quarter trading volume was for ether, compared to 19% for bitcoin. That's the second straight quarter that ether trading was higher than bitcoin.\nThere could even be a so-called \"flippening\" in the next decade, where the value of ethereum winds up topping bitcoin, said Jared Madfes, a partner with Tribe Capital.\nThe persistence of inflation is benefiting ether and other cryptocurrencies, too. Consumer prices continue to surge and investors recognize that digital currencies are gaining value at a time when interest rates remain low and the Fed and other central banks pump money into the economy.\n\"Inflation is not going away. Central banks printing money is a chasm that can't be crossed,\" said Dylan LeClair, head of market research at Bitcoin Magazine.\nThe rise of bitcoin ETFs also could be good news for ethereum, because experts predict that similar ether ETFs could soon launch. That will make it even easier for average investors and big money management firms to buy into the crypto.\n\"Institutions want more exposure to cryptocurrencies, so I anticipate there will be ether ETFs,\" Tribe Capital's Madfes said.\nExperts say stick to ether and bitcoin and avoid meme coins\nStill, investors need to be careful when buying cryptocurrencies. Not all of them have practical uses.\nThere are now many so-called meme coins out there, such as dogecoin and shiba inu, that have popped in price thanks to social media hype (including from Tesla (TSLA) CEO Elon Musk) and other more silly reasons.\n\"Crypto now is a lot like the 1990s and the internet,\" said Eric Satz, CEO and founder of Alto, an investment firm which offers a crypto IRA. He's referring to the many e-commerce companies that went public and soared back then. But only one true leader, Amazon (AMZN), is still standing today.\n\"There are a whole lot of crypto assets out there. But there will be a lot of roadkill. Investors need to proceed with caution,\" Satz said, adding that he recommends investors have a crypto portfolio that's made up mostly of bitcoin, ether and solana.\nRay Youssef, co-founder and CEO of Paxful, a crypto trading platform, has an even more cautious take. Crypto investors should not hold dogecoin, shiba inu or any of the other more speculative cryptos, he said, because big corrections lie ahead.\nIt's like the stock market in that respect: It's one thing to own shares of Apple (AAPL), Microsoft (MSFT) or another top company in the S&P 500. Meme stocks are another story.\n\"Ether and bitcoin versus meme coins are like the difference between blue chips and penny stocks you get a call about from a guy in a boiler room,\" Youssef said.","news_type":1,"symbols_score_info":{"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":1376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":890280986,"gmtCreate":1628119831745,"gmtModify":1633753502266,"author":{"id":"3577964868582044","authorId":"3577964868582044","name":"wabz","avatar":"https://static.tigerbbs.com/272780052cb4fd4b34c1c6aadf3b6bb2","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577964868582044","authorIdStr":"3577964868582044"},"themes":[],"htmlText":"Like please thanks ","listText":"Like please thanks ","text":"Like please thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/890280986","repostId":"1103646500","repostType":4,"repost":{"id":"1103646500","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1628117006,"share":"https://ttm.financial/m/news/1103646500?lang=&edition=full","pubTime":"2021-08-05 06:43","market":"us","language":"en","title":"Uber Stock Falls as Profits Are Hit by Driver Incentives","url":"https://stock-news.laohu8.com/highlight/detail?id=1103646500","media":"Tiger Newspress","summary":"Uber Technologies shares are sharply lower in after-hours trading Wednesday after the ride-sharing a","content":"<p>Uber Technologies shares are sharply lower in after-hours trading Wednesday after the ride-sharing and food-delivery company postedbetter-than-expected top-line growth for the June quarter, offset by a decline in the profitability in its ride-sharing “mobility” business as it boosted incentives in an effort to expand its pool of drivers.</p>\n<p>The same issue afflicted Lyft’s (ticker: LYFT) results in the June quarter.</p>\n<p>Uber stock (UBER) in late trading is down 4.3%, at $40.</p>\n<p><img src=\"https://static.tigerbbs.com/f14cd3b896e9b6337073e746217c8cc8\" tg-width=\"893\" tg-height=\"638\" referrerpolicy=\"no-referrer\"></p>\n<p>For the quarter, Uber reported revenue of $3.93 billion, up 105% from a year ago, or 95% in constant currency, slightly ahead of the Wall Street consensus forecast of $3.74 billion. Delivery revenues were $1.96 billion, up 122%, or 107% in constant currency, and ahead of the Street consensus forecast at $1.7 billion.</p>\n<p>The ride-sharing mobility segment had revenue of $1.62 billion, up 106%, or 98% adjusted for currency, but a little below consensus at $1.7 billion. Freight revenue rose 65% to $348 billion.</p>\n<p>Gross bookings in the quarter were $21.9 billion, up 114%, or 104% in constant currency. That includes delivery bookings of $12.9 billion, up 85%, or 75% adjusted for currency; mobility bookings of $8.6 billion, up 184%, or 174% on a currency-adjusted basis; and $348 million for freight, up 64%, or 65% adjusted for currency.</p>\n<p>Uber said adjusted Ebitda—or earnings before interest, taxes, depreciation, and amortization—was a loss of $509 million, which compares to a loss of $837 million in the year-ago quarter. Yesterday, rival Lyft posted its first-ever quarterly profit by the same measure.</p>\n<p>The company said mobility-segment adjusted Ebitda was $179 million, up from $50 million a year ago but down from $298 million in the March quarter, while delivery had a loss on the same basis of $161 million, narrowing from $232 million a year ago.</p>\n<p>The company said its “take rate,” the portion it keeps from each transaction, improved to 15.2% from 12.7% a year ago in delivery, but fell to 18.7% from 25.8% in mobility.</p>\n<p>Uber said that take rate and adjusted Ebitda in the mobility business were impacted by “elevated investments in reviving driver availability, particularly in the U.S.”</p>\n<p>Uber said total trips for the quarter were 1.51 billion, up 4% sequentially and 105% higher than the year-earlier quarter. Monthly active customers were 101 million, up 3% from the March quarter and 84% from a year earlier.</p>\n<p>Uber said airport trips in its mobility business were up 67% from the March quarter and 617% higher than a year ago, as some travel resumed after last year’s pandemic shutdowns.</p>\n<p>“In Q2 we invested in recovery by investing in drivers and we made strong progress, with monthly active drivers and couriers in the US increasing by nearly 420,000 from February to July,” Uber CEO Dara Khosrowshahi said in a statement. “Our platform is getting stronger each quarter, with consumers who engage with both Mobility and Delivery now generating nearly half of our total company gross bookings.”</p>\n<p>Chief Financial Officer Nelson Chai added that the company is “now well positioned to reach adjusted Ebitda profitability by the fourth quarter.” The company expects third adjusted Ebitda to be a loss of less than $100 million, with gross bookings in the $22 billion to $24 billion range.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber Stock Falls as Profits Are Hit by Driver Incentives</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber Stock Falls as Profits Are Hit by Driver Incentives\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-05 06:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Uber Technologies shares are sharply lower in after-hours trading Wednesday after the ride-sharing and food-delivery company postedbetter-than-expected top-line growth for the June quarter, offset by a decline in the profitability in its ride-sharing “mobility” business as it boosted incentives in an effort to expand its pool of drivers.</p>\n<p>The same issue afflicted Lyft’s (ticker: LYFT) results in the June quarter.</p>\n<p>Uber stock (UBER) in late trading is down 4.3%, at $40.</p>\n<p><img src=\"https://static.tigerbbs.com/f14cd3b896e9b6337073e746217c8cc8\" tg-width=\"893\" tg-height=\"638\" referrerpolicy=\"no-referrer\"></p>\n<p>For the quarter, Uber reported revenue of $3.93 billion, up 105% from a year ago, or 95% in constant currency, slightly ahead of the Wall Street consensus forecast of $3.74 billion. Delivery revenues were $1.96 billion, up 122%, or 107% in constant currency, and ahead of the Street consensus forecast at $1.7 billion.</p>\n<p>The ride-sharing mobility segment had revenue of $1.62 billion, up 106%, or 98% adjusted for currency, but a little below consensus at $1.7 billion. Freight revenue rose 65% to $348 billion.</p>\n<p>Gross bookings in the quarter were $21.9 billion, up 114%, or 104% in constant currency. That includes delivery bookings of $12.9 billion, up 85%, or 75% adjusted for currency; mobility bookings of $8.6 billion, up 184%, or 174% on a currency-adjusted basis; and $348 million for freight, up 64%, or 65% adjusted for currency.</p>\n<p>Uber said adjusted Ebitda—or earnings before interest, taxes, depreciation, and amortization—was a loss of $509 million, which compares to a loss of $837 million in the year-ago quarter. Yesterday, rival Lyft posted its first-ever quarterly profit by the same measure.</p>\n<p>The company said mobility-segment adjusted Ebitda was $179 million, up from $50 million a year ago but down from $298 million in the March quarter, while delivery had a loss on the same basis of $161 million, narrowing from $232 million a year ago.</p>\n<p>The company said its “take rate,” the portion it keeps from each transaction, improved to 15.2% from 12.7% a year ago in delivery, but fell to 18.7% from 25.8% in mobility.</p>\n<p>Uber said that take rate and adjusted Ebitda in the mobility business were impacted by “elevated investments in reviving driver availability, particularly in the U.S.”</p>\n<p>Uber said total trips for the quarter were 1.51 billion, up 4% sequentially and 105% higher than the year-earlier quarter. Monthly active customers were 101 million, up 3% from the March quarter and 84% from a year earlier.</p>\n<p>Uber said airport trips in its mobility business were up 67% from the March quarter and 617% higher than a year ago, as some travel resumed after last year’s pandemic shutdowns.</p>\n<p>“In Q2 we invested in recovery by investing in drivers and we made strong progress, with monthly active drivers and couriers in the US increasing by nearly 420,000 from February to July,” Uber CEO Dara Khosrowshahi said in a statement. “Our platform is getting stronger each quarter, with consumers who engage with both Mobility and Delivery now generating nearly half of our total company gross bookings.”</p>\n<p>Chief Financial Officer Nelson Chai added that the company is “now well positioned to reach adjusted Ebitda profitability by the fourth quarter.” The company expects third adjusted Ebitda to be a loss of less than $100 million, with gross bookings in the $22 billion to $24 billion range.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103646500","content_text":"Uber Technologies shares are sharply lower in after-hours trading Wednesday after the ride-sharing and food-delivery company postedbetter-than-expected top-line growth for the June quarter, offset by a decline in the profitability in its ride-sharing “mobility” business as it boosted incentives in an effort to expand its pool of drivers.\nThe same issue afflicted Lyft’s (ticker: LYFT) results in the June quarter.\nUber stock (UBER) in late trading is down 4.3%, at $40.\n\nFor the quarter, Uber reported revenue of $3.93 billion, up 105% from a year ago, or 95% in constant currency, slightly ahead of the Wall Street consensus forecast of $3.74 billion. Delivery revenues were $1.96 billion, up 122%, or 107% in constant currency, and ahead of the Street consensus forecast at $1.7 billion.\nThe ride-sharing mobility segment had revenue of $1.62 billion, up 106%, or 98% adjusted for currency, but a little below consensus at $1.7 billion. Freight revenue rose 65% to $348 billion.\nGross bookings in the quarter were $21.9 billion, up 114%, or 104% in constant currency. That includes delivery bookings of $12.9 billion, up 85%, or 75% adjusted for currency; mobility bookings of $8.6 billion, up 184%, or 174% on a currency-adjusted basis; and $348 million for freight, up 64%, or 65% adjusted for currency.\nUber said adjusted Ebitda—or earnings before interest, taxes, depreciation, and amortization—was a loss of $509 million, which compares to a loss of $837 million in the year-ago quarter. Yesterday, rival Lyft posted its first-ever quarterly profit by the same measure.\nThe company said mobility-segment adjusted Ebitda was $179 million, up from $50 million a year ago but down from $298 million in the March quarter, while delivery had a loss on the same basis of $161 million, narrowing from $232 million a year ago.\nThe company said its “take rate,” the portion it keeps from each transaction, improved to 15.2% from 12.7% a year ago in delivery, but fell to 18.7% from 25.8% in mobility.\nUber said that take rate and adjusted Ebitda in the mobility business were impacted by “elevated investments in reviving driver availability, particularly in the U.S.”\nUber said total trips for the quarter were 1.51 billion, up 4% sequentially and 105% higher than the year-earlier quarter. Monthly active customers were 101 million, up 3% from the March quarter and 84% from a year earlier.\nUber said airport trips in its mobility business were up 67% from the March quarter and 617% higher than a year ago, as some travel resumed after last year’s pandemic shutdowns.\n“In Q2 we invested in recovery by investing in drivers and we made strong progress, with monthly active drivers and couriers in the US increasing by nearly 420,000 from February to July,” Uber CEO Dara Khosrowshahi said in a statement. “Our platform is getting stronger each quarter, with consumers who engage with both Mobility and Delivery now generating nearly half of our total company gross bookings.”\nChief Financial Officer Nelson Chai added that the company is “now well positioned to reach adjusted Ebitda profitability by the fourth quarter.” The company expects third adjusted Ebitda to be a loss of less than $100 million, with gross bookings in the $22 billion to $24 billion range.","news_type":1,"symbols_score_info":{"UBER":0.9}},"isVote":1,"tweetType":1,"viewCount":1384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":890280986,"gmtCreate":1628119831745,"gmtModify":1633753502266,"author":{"id":"3577964868582044","authorId":"3577964868582044","name":"wabz","avatar":"https://static.tigerbbs.com/272780052cb4fd4b34c1c6aadf3b6bb2","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577964868582044","authorIdStr":"3577964868582044"},"themes":[],"htmlText":"Like please thanks ","listText":"Like please thanks ","text":"Like please thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/890280986","repostId":"1103646500","repostType":4,"repost":{"id":"1103646500","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1628117006,"share":"https://ttm.financial/m/news/1103646500?lang=&edition=full","pubTime":"2021-08-05 06:43","market":"us","language":"en","title":"Uber Stock Falls as Profits Are Hit by Driver Incentives","url":"https://stock-news.laohu8.com/highlight/detail?id=1103646500","media":"Tiger Newspress","summary":"Uber Technologies shares are sharply lower in after-hours trading Wednesday after the ride-sharing a","content":"<p>Uber Technologies shares are sharply lower in after-hours trading Wednesday after the ride-sharing and food-delivery company postedbetter-than-expected top-line growth for the June quarter, offset by a decline in the profitability in its ride-sharing “mobility” business as it boosted incentives in an effort to expand its pool of drivers.</p>\n<p>The same issue afflicted Lyft’s (ticker: LYFT) results in the June quarter.</p>\n<p>Uber stock (UBER) in late trading is down 4.3%, at $40.</p>\n<p><img src=\"https://static.tigerbbs.com/f14cd3b896e9b6337073e746217c8cc8\" tg-width=\"893\" tg-height=\"638\" referrerpolicy=\"no-referrer\"></p>\n<p>For the quarter, Uber reported revenue of $3.93 billion, up 105% from a year ago, or 95% in constant currency, slightly ahead of the Wall Street consensus forecast of $3.74 billion. Delivery revenues were $1.96 billion, up 122%, or 107% in constant currency, and ahead of the Street consensus forecast at $1.7 billion.</p>\n<p>The ride-sharing mobility segment had revenue of $1.62 billion, up 106%, or 98% adjusted for currency, but a little below consensus at $1.7 billion. Freight revenue rose 65% to $348 billion.</p>\n<p>Gross bookings in the quarter were $21.9 billion, up 114%, or 104% in constant currency. That includes delivery bookings of $12.9 billion, up 85%, or 75% adjusted for currency; mobility bookings of $8.6 billion, up 184%, or 174% on a currency-adjusted basis; and $348 million for freight, up 64%, or 65% adjusted for currency.</p>\n<p>Uber said adjusted Ebitda—or earnings before interest, taxes, depreciation, and amortization—was a loss of $509 million, which compares to a loss of $837 million in the year-ago quarter. Yesterday, rival Lyft posted its first-ever quarterly profit by the same measure.</p>\n<p>The company said mobility-segment adjusted Ebitda was $179 million, up from $50 million a year ago but down from $298 million in the March quarter, while delivery had a loss on the same basis of $161 million, narrowing from $232 million a year ago.</p>\n<p>The company said its “take rate,” the portion it keeps from each transaction, improved to 15.2% from 12.7% a year ago in delivery, but fell to 18.7% from 25.8% in mobility.</p>\n<p>Uber said that take rate and adjusted Ebitda in the mobility business were impacted by “elevated investments in reviving driver availability, particularly in the U.S.”</p>\n<p>Uber said total trips for the quarter were 1.51 billion, up 4% sequentially and 105% higher than the year-earlier quarter. Monthly active customers were 101 million, up 3% from the March quarter and 84% from a year earlier.</p>\n<p>Uber said airport trips in its mobility business were up 67% from the March quarter and 617% higher than a year ago, as some travel resumed after last year’s pandemic shutdowns.</p>\n<p>“In Q2 we invested in recovery by investing in drivers and we made strong progress, with monthly active drivers and couriers in the US increasing by nearly 420,000 from February to July,” Uber CEO Dara Khosrowshahi said in a statement. “Our platform is getting stronger each quarter, with consumers who engage with both Mobility and Delivery now generating nearly half of our total company gross bookings.”</p>\n<p>Chief Financial Officer Nelson Chai added that the company is “now well positioned to reach adjusted Ebitda profitability by the fourth quarter.” The company expects third adjusted Ebitda to be a loss of less than $100 million, with gross bookings in the $22 billion to $24 billion range.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber Stock Falls as Profits Are Hit by Driver Incentives</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber Stock Falls as Profits Are Hit by Driver Incentives\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-05 06:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Uber Technologies shares are sharply lower in after-hours trading Wednesday after the ride-sharing and food-delivery company postedbetter-than-expected top-line growth for the June quarter, offset by a decline in the profitability in its ride-sharing “mobility” business as it boosted incentives in an effort to expand its pool of drivers.</p>\n<p>The same issue afflicted Lyft’s (ticker: LYFT) results in the June quarter.</p>\n<p>Uber stock (UBER) in late trading is down 4.3%, at $40.</p>\n<p><img src=\"https://static.tigerbbs.com/f14cd3b896e9b6337073e746217c8cc8\" tg-width=\"893\" tg-height=\"638\" referrerpolicy=\"no-referrer\"></p>\n<p>For the quarter, Uber reported revenue of $3.93 billion, up 105% from a year ago, or 95% in constant currency, slightly ahead of the Wall Street consensus forecast of $3.74 billion. Delivery revenues were $1.96 billion, up 122%, or 107% in constant currency, and ahead of the Street consensus forecast at $1.7 billion.</p>\n<p>The ride-sharing mobility segment had revenue of $1.62 billion, up 106%, or 98% adjusted for currency, but a little below consensus at $1.7 billion. Freight revenue rose 65% to $348 billion.</p>\n<p>Gross bookings in the quarter were $21.9 billion, up 114%, or 104% in constant currency. That includes delivery bookings of $12.9 billion, up 85%, or 75% adjusted for currency; mobility bookings of $8.6 billion, up 184%, or 174% on a currency-adjusted basis; and $348 million for freight, up 64%, or 65% adjusted for currency.</p>\n<p>Uber said adjusted Ebitda—or earnings before interest, taxes, depreciation, and amortization—was a loss of $509 million, which compares to a loss of $837 million in the year-ago quarter. Yesterday, rival Lyft posted its first-ever quarterly profit by the same measure.</p>\n<p>The company said mobility-segment adjusted Ebitda was $179 million, up from $50 million a year ago but down from $298 million in the March quarter, while delivery had a loss on the same basis of $161 million, narrowing from $232 million a year ago.</p>\n<p>The company said its “take rate,” the portion it keeps from each transaction, improved to 15.2% from 12.7% a year ago in delivery, but fell to 18.7% from 25.8% in mobility.</p>\n<p>Uber said that take rate and adjusted Ebitda in the mobility business were impacted by “elevated investments in reviving driver availability, particularly in the U.S.”</p>\n<p>Uber said total trips for the quarter were 1.51 billion, up 4% sequentially and 105% higher than the year-earlier quarter. Monthly active customers were 101 million, up 3% from the March quarter and 84% from a year earlier.</p>\n<p>Uber said airport trips in its mobility business were up 67% from the March quarter and 617% higher than a year ago, as some travel resumed after last year’s pandemic shutdowns.</p>\n<p>“In Q2 we invested in recovery by investing in drivers and we made strong progress, with monthly active drivers and couriers in the US increasing by nearly 420,000 from February to July,” Uber CEO Dara Khosrowshahi said in a statement. “Our platform is getting stronger each quarter, with consumers who engage with both Mobility and Delivery now generating nearly half of our total company gross bookings.”</p>\n<p>Chief Financial Officer Nelson Chai added that the company is “now well positioned to reach adjusted Ebitda profitability by the fourth quarter.” The company expects third adjusted Ebitda to be a loss of less than $100 million, with gross bookings in the $22 billion to $24 billion range.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103646500","content_text":"Uber Technologies shares are sharply lower in after-hours trading Wednesday after the ride-sharing and food-delivery company postedbetter-than-expected top-line growth for the June quarter, offset by a decline in the profitability in its ride-sharing “mobility” business as it boosted incentives in an effort to expand its pool of drivers.\nThe same issue afflicted Lyft’s (ticker: LYFT) results in the June quarter.\nUber stock (UBER) in late trading is down 4.3%, at $40.\n\nFor the quarter, Uber reported revenue of $3.93 billion, up 105% from a year ago, or 95% in constant currency, slightly ahead of the Wall Street consensus forecast of $3.74 billion. Delivery revenues were $1.96 billion, up 122%, or 107% in constant currency, and ahead of the Street consensus forecast at $1.7 billion.\nThe ride-sharing mobility segment had revenue of $1.62 billion, up 106%, or 98% adjusted for currency, but a little below consensus at $1.7 billion. Freight revenue rose 65% to $348 billion.\nGross bookings in the quarter were $21.9 billion, up 114%, or 104% in constant currency. That includes delivery bookings of $12.9 billion, up 85%, or 75% adjusted for currency; mobility bookings of $8.6 billion, up 184%, or 174% on a currency-adjusted basis; and $348 million for freight, up 64%, or 65% adjusted for currency.\nUber said adjusted Ebitda—or earnings before interest, taxes, depreciation, and amortization—was a loss of $509 million, which compares to a loss of $837 million in the year-ago quarter. Yesterday, rival Lyft posted its first-ever quarterly profit by the same measure.\nThe company said mobility-segment adjusted Ebitda was $179 million, up from $50 million a year ago but down from $298 million in the March quarter, while delivery had a loss on the same basis of $161 million, narrowing from $232 million a year ago.\nThe company said its “take rate,” the portion it keeps from each transaction, improved to 15.2% from 12.7% a year ago in delivery, but fell to 18.7% from 25.8% in mobility.\nUber said that take rate and adjusted Ebitda in the mobility business were impacted by “elevated investments in reviving driver availability, particularly in the U.S.”\nUber said total trips for the quarter were 1.51 billion, up 4% sequentially and 105% higher than the year-earlier quarter. Monthly active customers were 101 million, up 3% from the March quarter and 84% from a year earlier.\nUber said airport trips in its mobility business were up 67% from the March quarter and 617% higher than a year ago, as some travel resumed after last year’s pandemic shutdowns.\n“In Q2 we invested in recovery by investing in drivers and we made strong progress, with monthly active drivers and couriers in the US increasing by nearly 420,000 from February to July,” Uber CEO Dara Khosrowshahi said in a statement. “Our platform is getting stronger each quarter, with consumers who engage with both Mobility and Delivery now generating nearly half of our total company gross bookings.”\nChief Financial Officer Nelson Chai added that the company is “now well positioned to reach adjusted Ebitda profitability by the fourth quarter.” The company expects third adjusted Ebitda to be a loss of less than $100 million, with gross bookings in the $22 billion to $24 billion range.","news_type":1,"symbols_score_info":{"UBER":0.9}},"isVote":1,"tweetType":1,"viewCount":1384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":870379262,"gmtCreate":1636590524540,"gmtModify":1636590524540,"author":{"id":"3577964868582044","authorId":"3577964868582044","name":"wabz","avatar":"https://static.tigerbbs.com/272780052cb4fd4b34c1c6aadf3b6bb2","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577964868582044","authorIdStr":"3577964868582044"},"themes":[],"htmlText":"👍🏼","listText":"👍🏼","text":"👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870379262","repostId":"1115788211","repostType":4,"repost":{"id":"1115788211","kind":"news","pubTimestamp":1636589937,"share":"https://ttm.financial/m/news/1115788211?lang=&edition=full","pubTime":"2021-11-11 08:18","market":"sh","language":"en","title":"Move over, bitcoin. Ether is back and nipping at your heels","url":"https://stock-news.laohu8.com/highlight/detail?id=1115788211","media":"CNN","summary":"New York (CNN Busines)Bitcoin has rocketed to an all-time high of nearly $70,000. But investors are ","content":"<p><a href=\"https://laohu8.com/S/NWY\">New York</a> (CNN Busines)Bitcoin has rocketed to an all-time high of nearly $70,000. But investors are even more excited about ethereum, which is now the world's second most valuable cryptocurency.</p>\n<p>Ethereum, or ether for short, is also trading at record levels. It's now hovering around $4,850, having soared more than 560% this year, compared to the \"mere\" 135% pop for bitcoin. Crypto investors are betting that ether will continue to be used as the backbone for even more non-fungible tokens, or NFTs, as well as so-called smart contracts.</p>\n<p>Experts predict that this wave of decentralized finance (DeFi) will become more prevalent in banking. That could be great news for ether, as well as solana, another crypto that has blockchain technology used in DeFi applications.</p>\n<p>Ether, which now has a total value of about $575 billion for all its coins in circulations, has also narrowed the market cap gap with bitcoin, which is worth about $1.3 trillion. The two cryptos now make up almost two-thirds of the nearly $3 trillion cryptocurrency market.</p>\n<p>\"We're seeing a shift in the industry where bitcoin went from being 75 percent of the overall cryptocurrency market cap to about 50 percent,\" Michael Pinsker, founder and president of wealth management tech firm Docupace, said about the drop in bitcoin's market share since 2017. \"That percentage should come down even further.\"</p>\n<p>More investors flocking to ether</p>\n<p>Ether has also become more popular with many traders on crypto brokerage Coinbase.</p>\n<p>In its latest earnings report after the closing bell Tuesday, Coinbase said that 22% of its third quarter trading volume was for ether, compared to 19% for bitcoin. That's the second straight quarter that ether trading was higher than bitcoin.</p>\n<p>There could even be a so-called \"flippening\" in the next decade, where the value of ethereum winds up topping bitcoin, said Jared Madfes, a partner with Tribe Capital.</p>\n<p>The persistence of inflation is benefiting ether and other cryptocurrencies, too. Consumer prices continue to surge and investors recognize that digital currencies are gaining value at a time when interest rates remain low and the Fed and other central banks pump money into the economy.</p>\n<p>\"Inflation is not going away. Central banks printing money is a chasm that can't be crossed,\" said Dylan LeClair, head of market research at Bitcoin Magazine.</p>\n<p>The rise of bitcoin ETFs also could be good news for ethereum, because experts predict that similar ether ETFs could soon launch. That will make it even easier for average investors and big money management firms to buy into the crypto.</p>\n<p>\"Institutions want more exposure to cryptocurrencies, so I anticipate there will be ether ETFs,\" Tribe Capital's Madfes said.</p>\n<p>Experts say stick to ether and bitcoin and avoid meme coins</p>\n<p>Still, investors need to be careful when buying cryptocurrencies. Not all of them have practical uses.</p>\n<p>There are now many so-called meme coins out there, such as dogecoin and shiba inu, that have popped in price thanks to social media hype (including from Tesla (TSLA) CEO Elon Musk) and other more silly reasons.</p>\n<p>\"Crypto now is a lot like the 1990s and the internet,\" said Eric Satz, CEO and founder of Alto, an investment firm which offers a crypto IRA. He's referring to the many e-commerce companies that went public and soared back then. But only <a href=\"https://laohu8.com/S/AONE.U\">one</a> true leader, Amazon (AMZN), is still standing today.</p>\n<p>\"There are a whole lot of crypto assets out there. But there will be a lot of roadkill. <a href=\"https://laohu8.com/S/ISBC\">Investors</a> need to proceed with caution,\" Satz said, adding that he recommends investors have a crypto portfolio that's made up mostly of bitcoin, ether and solana.</p>\n<p>Ray Youssef, co-founder and CEO of Paxful, a crypto trading platform, has an even more cautious take. Crypto investors should not hold dogecoin, shiba inu or any of the other more speculative cryptos, he said, because big corrections lie ahead.</p>\n<p>It's like the stock market in that respect: It's one thing to own shares of <a href=\"https://laohu8.com/S/AAPL\">Apple</a> (AAPL), <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> (MSFT) or another top company in the S&P 500. Meme stocks are another story.</p>\n<p>\"Ether and bitcoin versus meme coins are like the difference between blue chips and penny stocks you get a call about from a guy in a boiler room,\" Youssef said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Move over, bitcoin. Ether is back and nipping at your heels</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMove over, bitcoin. Ether is back and nipping at your heels\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-11 08:18 GMT+8 <a href=https://edition.cnn.com/2021/11/10/investing/ethereum-bitcoin-cryptocurrencies/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Busines)Bitcoin has rocketed to an all-time high of nearly $70,000. But investors are even more excited about ethereum, which is now the world's second most valuable cryptocurency.\n...</p>\n\n<a href=\"https://edition.cnn.com/2021/11/10/investing/ethereum-bitcoin-cryptocurrencies/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust ETF"},"source_url":"https://edition.cnn.com/2021/11/10/investing/ethereum-bitcoin-cryptocurrencies/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115788211","content_text":"New York (CNN Busines)Bitcoin has rocketed to an all-time high of nearly $70,000. But investors are even more excited about ethereum, which is now the world's second most valuable cryptocurency.\nEthereum, or ether for short, is also trading at record levels. It's now hovering around $4,850, having soared more than 560% this year, compared to the \"mere\" 135% pop for bitcoin. Crypto investors are betting that ether will continue to be used as the backbone for even more non-fungible tokens, or NFTs, as well as so-called smart contracts.\nExperts predict that this wave of decentralized finance (DeFi) will become more prevalent in banking. That could be great news for ether, as well as solana, another crypto that has blockchain technology used in DeFi applications.\nEther, which now has a total value of about $575 billion for all its coins in circulations, has also narrowed the market cap gap with bitcoin, which is worth about $1.3 trillion. The two cryptos now make up almost two-thirds of the nearly $3 trillion cryptocurrency market.\n\"We're seeing a shift in the industry where bitcoin went from being 75 percent of the overall cryptocurrency market cap to about 50 percent,\" Michael Pinsker, founder and president of wealth management tech firm Docupace, said about the drop in bitcoin's market share since 2017. \"That percentage should come down even further.\"\nMore investors flocking to ether\nEther has also become more popular with many traders on crypto brokerage Coinbase.\nIn its latest earnings report after the closing bell Tuesday, Coinbase said that 22% of its third quarter trading volume was for ether, compared to 19% for bitcoin. That's the second straight quarter that ether trading was higher than bitcoin.\nThere could even be a so-called \"flippening\" in the next decade, where the value of ethereum winds up topping bitcoin, said Jared Madfes, a partner with Tribe Capital.\nThe persistence of inflation is benefiting ether and other cryptocurrencies, too. Consumer prices continue to surge and investors recognize that digital currencies are gaining value at a time when interest rates remain low and the Fed and other central banks pump money into the economy.\n\"Inflation is not going away. Central banks printing money is a chasm that can't be crossed,\" said Dylan LeClair, head of market research at Bitcoin Magazine.\nThe rise of bitcoin ETFs also could be good news for ethereum, because experts predict that similar ether ETFs could soon launch. That will make it even easier for average investors and big money management firms to buy into the crypto.\n\"Institutions want more exposure to cryptocurrencies, so I anticipate there will be ether ETFs,\" Tribe Capital's Madfes said.\nExperts say stick to ether and bitcoin and avoid meme coins\nStill, investors need to be careful when buying cryptocurrencies. Not all of them have practical uses.\nThere are now many so-called meme coins out there, such as dogecoin and shiba inu, that have popped in price thanks to social media hype (including from Tesla (TSLA) CEO Elon Musk) and other more silly reasons.\n\"Crypto now is a lot like the 1990s and the internet,\" said Eric Satz, CEO and founder of Alto, an investment firm which offers a crypto IRA. He's referring to the many e-commerce companies that went public and soared back then. But only one true leader, Amazon (AMZN), is still standing today.\n\"There are a whole lot of crypto assets out there. But there will be a lot of roadkill. Investors need to proceed with caution,\" Satz said, adding that he recommends investors have a crypto portfolio that's made up mostly of bitcoin, ether and solana.\nRay Youssef, co-founder and CEO of Paxful, a crypto trading platform, has an even more cautious take. Crypto investors should not hold dogecoin, shiba inu or any of the other more speculative cryptos, he said, because big corrections lie ahead.\nIt's like the stock market in that respect: It's one thing to own shares of Apple (AAPL), Microsoft (MSFT) or another top company in the S&P 500. Meme stocks are another story.\n\"Ether and bitcoin versus meme coins are like the difference between blue chips and penny stocks you get a call about from a guy in a boiler room,\" Youssef said.","news_type":1,"symbols_score_info":{"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":1376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}
