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Eddiee
Eddiee
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2021-06-26
Dayum
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2021-06-26
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Eddiee
Eddiee
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2021-06-03
$Clover Health Corp(CLOV)$
Is the short squeezestill coming?
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Eddiee
Eddiee
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2021-04-26
Wow
The psychology of a stock market bubble
Worry about a bubble is widespread at the top of a bubbleSometimes people are drawn to investing bec
The psychology of a stock market bubble
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Eddiee
Eddiee
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2021-04-14
Awesome
$COIN — it’s only the beginning
By Brian Armstrong, Co-founder and CEOToday Coinbase is listing on Nasdaq. A decade of work and so m
$COIN — it’s only the beginning
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Eddiee
Eddiee
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2021-03-16
Let’s gooo!!!
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Eddiee
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2021-03-15
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Eddiee
Eddiee
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2021-03-12
Yes
Tencent Faces Broad China Clampdown on Fintech, Deals
Watchdogs see Tencent as next target for oversight after Ant Company was fined on Friday for its 201
Tencent Faces Broad China Clampdown on Fintech, Deals
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Eddiee
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2021-02-09
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2021-02-09
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href=\"https://laohu8.com/S/CLOV\">$Clover Health Corp(CLOV)$</a>Is the short squeezestill coming? ","listText":"<a href=\"https://laohu8.com/S/CLOV\">$Clover Health Corp(CLOV)$</a>Is the short squeezestill coming? ","text":"$Clover Health Corp(CLOV)$Is the short squeezestill coming?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/118869397","isVote":1,"tweetType":1,"viewCount":2245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374949341,"gmtCreate":1619412374883,"gmtModify":1634273672979,"author":{"id":"3575187724808784","authorId":"3575187724808784","name":"Eddiee","avatar":"https://static.tigerbbs.com/a4a4aa3ac6c50fdb2ba3a42ad84fb054","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575187724808784","authorIdStr":"3575187724808784"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/374949341","repostId":"2129296363","repostType":4,"repost":{"id":"2129296363","kind":"highlight","pubTimestamp":1619407680,"share":"https://ttm.financial/m/news/2129296363?lang=&edition=full","pubTime":"2021-04-26 11:28","market":"us","language":"en","title":"The psychology of a stock market bubble","url":"https://stock-news.laohu8.com/highlight/detail?id=2129296363","media":"MarketWatch","summary":"Worry about a bubble is widespread at the top of a bubbleSometimes people are drawn to investing bec","content":"<p>Worry about a bubble is widespread at the top of a bubble</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6aee1d89d41ff471a9548f988bd7c4fd\" tg-width=\"1260\" tg-height=\"840\" referrerpolicy=\"no-referrer\"><span>Sometimes people are drawn to investing because of 'gambler's excitement' Getty Images/iStockphoto</span></p><p>I have no idea whether the stock market is actually forming a bubble that's about to break.</p><p>But I do know that many bulls are fooling themselves when they think a bubble can't happen when so many of us are concerned about <a href=\"https://laohu8.com/S/AONE\">one</a>. In fact, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the distinguishing characteristics of a bubble is that such concern is widespread.</p><p>This seems counterintuitive. You would think that a bubble is most vulnerable to forming and then popping when investors are oblivious to that possibility. But you would be wrong.</p><p>It's important for all of us to be aware of this bubble psychology, but especially if you're a retiree or a near-retiree. That's because, in that case, your investment horizon will be shorter than for those who are younger, and you therefore are less able to recover from the deflation of a market bubble.</p><p>To appreciate how widespread current concern about a bubble is, consider the accompanying chart of data from Google Trends. It plots the relative frequency of Google searches based on the term \"stock market bubble.\" Notice that this frequency has recently jumped to a far-higher level than at any other point over the last five years.</p><p><img src=\"https://static.tigerbbs.com/10c79372e12449d1f3e00acd1666c914\" tg-width=\"1260\" tg-height=\"849\" referrerpolicy=\"no-referrer\"></p><p>This widespread concern is entirely consistent with a bubble's formation, according to a definition proposed several decades ago by Robert Shiller, the Yale finance professor and Nobel laureate. According to him, a bubble is \"a market situation in which news of price increases spurs investor enthusiasm which spreads by psychological contagion from person to person, bringing in a larger and larger class of investors, who, despite doubts about fundamental value, are drawn to the investment partly through envy of others' successes and partly through a gambler's excitement.\" (I italicized the above phrase, not Shiller.)</p><p>Notice that recognition of overvaluation is an integral part of the definition.</p><p>This recognition was certainly present during the weeks and months prior to the popping of the Internet bubble in March 2000. During the early and middle years of the 1990s, you may recall, it was possible to justify higher prices while keeping a straight face. But that became less and less possible as prices continued going higher in the late 1990s, and especially as some dot-com companies went public with huge valuations despite having no assets, revenue or business plan.</p><p>Rather than responding by taking some chips off the table, however, many began freely admitting that a bubble was forming. They no longer tried to justify higher prices on fundamentals, but began justifying it instead in terms of the market's momentum. Prices should keep going up as FOMO seduces more and more investors to jump on the bandwagon.</p><p>There is no shortage of current analogies, of course. Take dogecoin, which was created as a joke and has no fundamental value. As a recent Wall Street Journal article outlined , the dogecoin \"serves no purpose and, unlike Bitcoin, faces no limit on the number of coins that exist.\" Yet investors are flocking to it, for no other apparent reason than it has already gone up so much. Billy Markus, the co-creator of dogecoin, was quoted in that Wall Street Journal article saying \"This is absurd. I haven't seen anything like it. It's one of those things that once it starts going up, it might keep going up.\"</p><p>Needless to say, things don't go up forever. Those who nevertheless continue to invest in such an environment do so with the implicit assumption that they will be able to recognize it, in advance, when the bubble is about to pop--and therefore able to leave the party before everyone else. This is a dangerous delusion, however; not everyone can be the first to leave the party.</p><p>The bottom line? Far from being a reason why a bubble isn't forming, the widespread current concern about a possible bubble is actually a reason to worry that it could be. Take heed.</p>","source":"lsy1603348471595","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>The psychology of a stock market bubble</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\">\nThe psychology of a stock market bubble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 11:28 GMT+8 <a href=https://www.marketwatch.com/story/the-psychology-of-a-stock-market-bubble-11619198164?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Worry about a bubble is widespread at the top of a bubbleSometimes people are drawn to investing because of 'gambler's excitement' Getty Images/iStockphotoI have no idea whether the stock market is ...</p>\n\n<a href=\"https://www.marketwatch.com/story/the-psychology-of-a-stock-market-bubble-11619198164?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/the-psychology-of-a-stock-market-bubble-11619198164?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129296363","content_text":"Worry about a bubble is widespread at the top of a bubbleSometimes people are drawn to investing because of 'gambler's excitement' Getty Images/iStockphotoI have no idea whether the stock market is actually forming a bubble that's about to break.But I do know that many bulls are fooling themselves when they think a bubble can't happen when so many of us are concerned about one. In fact, one of the distinguishing characteristics of a bubble is that such concern is widespread.This seems counterintuitive. You would think that a bubble is most vulnerable to forming and then popping when investors are oblivious to that possibility. But you would be wrong.It's important for all of us to be aware of this bubble psychology, but especially if you're a retiree or a near-retiree. That's because, in that case, your investment horizon will be shorter than for those who are younger, and you therefore are less able to recover from the deflation of a market bubble.To appreciate how widespread current concern about a bubble is, consider the accompanying chart of data from Google Trends. It plots the relative frequency of Google searches based on the term \"stock market bubble.\" Notice that this frequency has recently jumped to a far-higher level than at any other point over the last five years.This widespread concern is entirely consistent with a bubble's formation, according to a definition proposed several decades ago by Robert Shiller, the Yale finance professor and Nobel laureate. According to him, a bubble is \"a market situation in which news of price increases spurs investor enthusiasm which spreads by psychological contagion from person to person, bringing in a larger and larger class of investors, who, despite doubts about fundamental value, are drawn to the investment partly through envy of others' successes and partly through a gambler's excitement.\" (I italicized the above phrase, not Shiller.)Notice that recognition of overvaluation is an integral part of the definition.This recognition was certainly present during the weeks and months prior to the popping of the Internet bubble in March 2000. During the early and middle years of the 1990s, you may recall, it was possible to justify higher prices while keeping a straight face. But that became less and less possible as prices continued going higher in the late 1990s, and especially as some dot-com companies went public with huge valuations despite having no assets, revenue or business plan.Rather than responding by taking some chips off the table, however, many began freely admitting that a bubble was forming. They no longer tried to justify higher prices on fundamentals, but began justifying it instead in terms of the market's momentum. Prices should keep going up as FOMO seduces more and more investors to jump on the bandwagon.There is no shortage of current analogies, of course. Take dogecoin, which was created as a joke and has no fundamental value. As a recent Wall Street Journal article outlined , the dogecoin \"serves no purpose and, unlike Bitcoin, faces no limit on the number of coins that exist.\" Yet investors are flocking to it, for no other apparent reason than it has already gone up so much. Billy Markus, the co-creator of dogecoin, was quoted in that Wall Street Journal article saying \"This is absurd. I haven't seen anything like it. It's one of those things that once it starts going up, it might keep going up.\"Needless to say, things don't go up forever. Those who nevertheless continue to invest in such an environment do so with the implicit assumption that they will be able to recognize it, in advance, when the bubble is about to pop--and therefore able to leave the party before everyone else. This is a dangerous delusion, however; not everyone can be the first to leave the party.The bottom line? Far from being a reason why a bubble isn't forming, the widespread current concern about a possible bubble is actually a reason to worry that it could be. Take heed.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1654,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344170205,"gmtCreate":1618391375207,"gmtModify":1634293278154,"author":{"id":"3575187724808784","authorId":"3575187724808784","name":"Eddiee","avatar":"https://static.tigerbbs.com/a4a4aa3ac6c50fdb2ba3a42ad84fb054","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575187724808784","authorIdStr":"3575187724808784"},"themes":[],"htmlText":"Awesome ","listText":"Awesome ","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/344170205","repostId":"1100378493","repostType":2,"repost":{"id":"1100378493","kind":"news","pubTimestamp":1618391063,"share":"https://ttm.financial/m/news/1100378493?lang=&edition=full","pubTime":"2021-04-14 17:04","market":"us","language":"en","title":"$COIN — it’s only the beginning","url":"https://stock-news.laohu8.com/highlight/detail?id=1100378493","media":"The Coinbase Blog","summary":"By Brian Armstrong, Co-founder and CEOToday Coinbase is listing on Nasdaq. A decade of work and so m","content":"<p><i>By Brian Armstrong, Co-founder and CEO</i></p><p>Today Coinbase is listing on Nasdaq. A decade of work and so many people brought us here. This includes every Coinbase employee, focused for years on building a financial system that’s free, fair, and open to everyone. It also includes you, the 56 million people who use Coinbase. And of course, we have to recognize Satoshi Nakamoto, who started it all by introducing Bitcoin to the world in 2008.</p><p>We’ve had a number of ups and downs on our way here. Through luck and skill, Coinbase succeeded where many predicted it would fail. We weathered the ups and downs through innovation and keeping our eye on the long term. And along the way, we made cryptocurrency easier to use, introducing millions of people to this new technology. I’m proud of what we have accomplished so far. But we certainly didn’t do all this work just for one day.</p><p>Today’s listing is a milestone, but it’s not as important as every new day in front of us. Coinbase has an ambitious mission<b>:</b>to increase economic freedom in the world<b>.</b>Everyone deserves access to financial services that can help them build a better life for themselves and their families. We have a lot of hard work to do to make this a reality.</p><p>We’re still in the early days of this industry, but we’re squarely focused on the future, on our mission, and on building the best crypto experiences for you, our community.</p><p>Thank you all for your trust and support,</p><p>Brian Armstrong</p><p>CEO, Coinbase</p>","source":"lsy1618391052884","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>$COIN — it’s only the beginning</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\">\n$COIN — it’s only the beginning\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-14 17:04 GMT+8 <a href=https://blog.coinbase.com/coin-its-only-the-beginning-868fe4e3fa71><strong>The Coinbase Blog</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Brian Armstrong, Co-founder and CEOToday Coinbase is listing on Nasdaq. A decade of work and so many people brought us here. This includes every Coinbase employee, focused for years on building a ...</p>\n\n<a href=\"https://blog.coinbase.com/coin-its-only-the-beginning-868fe4e3fa71\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://blog.coinbase.com/coin-its-only-the-beginning-868fe4e3fa71","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100378493","content_text":"By Brian Armstrong, Co-founder and CEOToday Coinbase is listing on Nasdaq. A decade of work and so many people brought us here. This includes every Coinbase employee, focused for years on building a financial system that’s free, fair, and open to everyone. It also includes you, the 56 million people who use Coinbase. And of course, we have to recognize Satoshi Nakamoto, who started it all by introducing Bitcoin to the world in 2008.We’ve had a number of ups and downs on our way here. Through luck and skill, Coinbase succeeded where many predicted it would fail. We weathered the ups and downs through innovation and keeping our eye on the long term. And along the way, we made cryptocurrency easier to use, introducing millions of people to this new technology. I’m proud of what we have accomplished so far. But we certainly didn’t do all this work just for one day.Today’s listing is a milestone, but it’s not as important as every new day in front of us. Coinbase has an ambitious mission:to increase economic freedom in the world.Everyone deserves access to financial services that can help them build a better life for themselves and their families. We have a lot of hard work to do to make this a reality.We’re still in the early days of this industry, but we’re squarely focused on the future, on our mission, and on building the best crypto experiences for you, our community.Thank you all for your trust and support,Brian ArmstrongCEO, Coinbase","news_type":1,"symbols_score_info":{"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":2193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325524474,"gmtCreate":1615907654398,"gmtModify":1703494923851,"author":{"id":"3575187724808784","authorId":"3575187724808784","name":"Eddiee","avatar":"https://static.tigerbbs.com/a4a4aa3ac6c50fdb2ba3a42ad84fb054","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575187724808784","authorIdStr":"3575187724808784"},"themes":[],"htmlText":"Let’s gooo!!!","listText":"Let’s gooo!!!","text":"Let’s gooo!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325524474","repostId":"1193834448","repostType":4,"isVote":1,"tweetType":1,"viewCount":1368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322076206,"gmtCreate":1615761889605,"gmtModify":1703492537725,"author":{"id":"3575187724808784","authorId":"3575187724808784","name":"Eddiee","avatar":"https://static.tigerbbs.com/a4a4aa3ac6c50fdb2ba3a42ad84fb054","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575187724808784","authorIdStr":"3575187724808784"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322076206","repostId":"2119999169","repostType":2,"isVote":1,"tweetType":1,"viewCount":1699,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328521418,"gmtCreate":1615542137734,"gmtModify":1703490674599,"author":{"id":"3575187724808784","authorId":"3575187724808784","name":"Eddiee","avatar":"https://static.tigerbbs.com/a4a4aa3ac6c50fdb2ba3a42ad84fb054","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575187724808784","authorIdStr":"3575187724808784"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/328521418","repostId":"1165102234","repostType":2,"repost":{"id":"1165102234","kind":"news","pubTimestamp":1615538368,"share":"https://ttm.financial/m/news/1165102234?lang=&edition=full","pubTime":"2021-03-12 16:39","market":"us","language":"en","title":"Tencent Faces Broad China Clampdown on Fintech, Deals","url":"https://stock-news.laohu8.com/highlight/detail?id=1165102234","media":"Bloomberg","summary":"Watchdogs see Tencent as next target for oversight after Ant\nCompany was fined on Friday for its 201","content":"<ul>\n <li>Watchdogs see Tencent as next target for oversight after Ant</li>\n <li>Company was fined on Friday for its 2018 investment in an app</li>\n</ul>\n<p>Pony Ma’s Tencent Holdings Ltd. has been put on notice.</p>\n<p>Asia’s largest conglomerate was censured by China’s antitrust watchdog on Friday as Beijing expands a crackdown that began with Jack Ma’s online empire.</p>\n<p>The token fine is just the beginning. China’s top financial regulators see Tencent as the next target for increased supervision after the clamp down on Jack Ma’s Ant Group Co., according to people with knowledge of their thinking. Like Ant, Tencent will probably be required to establish a financial holding company to include its banking, insurance, and payments services, said one of the people, seeking anonymity as the discussions are private.</p>\n<p>The two firms will set a precedent for other fintech players on complying with tougher regulations, the people added.</p>\n<p>Such a move would mark a significant escalation in China’s campaign to curb the influence of its technology moguls, days after Premier Li Keqiang pledged at the National People’s Congress to expand oversight of financial technology, stamp out monopolies, and prevent the “unregulated” expansion of capital.</p>\n<p>“We will continue to adapt to changes in the regulatory environment, which we view as beneficial to the industry, and will seek to ensure full compliance,” Tencent said in an emailed statement.</p>\n<p>The China Banking and Insurance Regulatory Commission didn’t immediately respond to a request seeking comment.</p>\n<p>A progression of rules unveiled in the past six months has taken aim at the dominions built by China’s most successful online entrepreneurs. The first blows fell on Jack Ma when Ant’s $35 billion initial public offering was torpedoed at the last minute, followed by an antitrust probe into Alibaba Group Holding Ltd.</p>\n<p><img src=\"https://static.tigerbbs.com/a08f1f5a0909a8fa8baf48584fa53e48\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Tencent has already seen collateral damage from the new regulations, though investors had shrugged this off, pumping up the stock even as Alibaba was punished. Its 26% advance over six months contrasts with a 15% slump for Jack Ma’s e-commerce behemoth, which owns a third of Ant. Shares of Tencent climbed to a record on Jan. 25, valuing it at roughly $950 billion.</p>\n<p>The stock fell as much as 4.5% in Hong Kong Friday. Shares of Tencent investor Naspers and its unit Prosus also declined. Spreads on Tencent’s 2.39% dollar bond due 2030 widened as much as 6 basis points, according to traders.</p>\n<p>Along with Ant, proposed rules to break up market concentration in digital payments and rein in consumer lending online will damage prospects for Tencent’s WeChat Pay and its wider fintech business.</p>\n<p>A diktat to fold those operations into a holding company that could be regulated more like a bank would potentially further curb its ability to lend more and expand as rapidly as it has done in recent years.</p>\n<p>Tencent’s fintech business had revenue of about 84 billion yuan ($13 billion) in 2019, accounting for 22% of the total and making it the largest earnings driver after online entertainment. That’s about 70% of Ant’s revenue for the year.</p>\n<p><b>Valuation Hit</b></p>\n<p>After Ant’s IPO suspension, the central bankdirectedthe Hangzhou-based firm to turn itself into a financial holding company, subjecting it to capital restrictions, the need for fresh licenses and ownership scrutiny. The overhaul could slash the financial juggernaut’s valuation by about 60% from the $280 billion it was pegged at last year, Bloomberg Intelligence analyst Francis Chan has estimated.</p>\n<p>Tencent meets the parameters for such treatment, including the threshold for assets and having businesses that straddle at least two financial sectors.</p>\n<p>Outside of financial services, Tencent and its peers are exposed to further action on theanti-trustfront.</p>\n<p>On Friday, the regulator fined Tencent, search leader Baidu Inc., ride-hailing giant Didi Chuxing and a clutch of others 500,000 yuan each -- the maximum under current rules -- for past acquisitions and investments, stepping up its crackdown.</p>\n<p>Alibaba is also being probed and the watchdog is considering a record fine exceeding the $975 million that Qualcomm Inc. paid in 2015, Dow Jones has reported.</p>\n<p>Premier Li balanced his strictures last week with an assurance that Beijing supports the “innovation and development of platform companies,” as long as they fall in line with the country’s laws.</p>\n<p>Recent measures to rein in fintech firms weren’t aimed at a specific company, a senior regulatory official hassaid, and instead focus on creating a stable environment for private enterprise to grow.</p>\n<p>Yet, Beijing has a penchant for making examples of its biggest companies to force others to fall in line with changing priorities. All three of the nation’s financial watchdogs have made it their primary goal this year to curb the “reckless” push of technology firms into finance. And there’s little doubt of the sway Pony Ma’s conglomerate has built in finance.</p>\n<p>Its WeChat super-app boasts more than a billion consumers that use it for everything from chatting with friends to booking taxis and buying groceries. WeChat Pay accounts for almost 40% of the country’s mobile payments market, second only to Alipay, according to iResearch.</p>\n<p>Tencent with three other major tech companies -- Alibaba, JD.com Inc. and Baidu -- together control over 40 financial licenses through acquisitions or investments,according to Xinhua News Agency, which cited 01caijing.</p>","source":"lsy1584095487587","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>Tencent Faces Broad China Clampdown on Fintech, Deals</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\">\nTencent Faces Broad China Clampdown on Fintech, Deals\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-12 16:39 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-03-12/tencent-is-said-to-face-broad-china-clampdown-on-fintech-deals><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Watchdogs see Tencent as next target for oversight after Ant\nCompany was fined on Friday for its 2018 investment in an app\n\nPony Ma’s Tencent Holdings Ltd. has been put on notice.\nAsia’s largest ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-12/tencent-is-said-to-face-broad-china-clampdown-on-fintech-deals\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","00700":"腾讯控股","09988":"阿里巴巴-W"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-12/tencent-is-said-to-face-broad-china-clampdown-on-fintech-deals","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165102234","content_text":"Watchdogs see Tencent as next target for oversight after Ant\nCompany was fined on Friday for its 2018 investment in an app\n\nPony Ma’s Tencent Holdings Ltd. has been put on notice.\nAsia’s largest conglomerate was censured by China’s antitrust watchdog on Friday as Beijing expands a crackdown that began with Jack Ma’s online empire.\nThe token fine is just the beginning. China’s top financial regulators see Tencent as the next target for increased supervision after the clamp down on Jack Ma’s Ant Group Co., according to people with knowledge of their thinking. Like Ant, Tencent will probably be required to establish a financial holding company to include its banking, insurance, and payments services, said one of the people, seeking anonymity as the discussions are private.\nThe two firms will set a precedent for other fintech players on complying with tougher regulations, the people added.\nSuch a move would mark a significant escalation in China’s campaign to curb the influence of its technology moguls, days after Premier Li Keqiang pledged at the National People’s Congress to expand oversight of financial technology, stamp out monopolies, and prevent the “unregulated” expansion of capital.\n“We will continue to adapt to changes in the regulatory environment, which we view as beneficial to the industry, and will seek to ensure full compliance,” Tencent said in an emailed statement.\nThe China Banking and Insurance Regulatory Commission didn’t immediately respond to a request seeking comment.\nA progression of rules unveiled in the past six months has taken aim at the dominions built by China’s most successful online entrepreneurs. The first blows fell on Jack Ma when Ant’s $35 billion initial public offering was torpedoed at the last minute, followed by an antitrust probe into Alibaba Group Holding Ltd.\n\nTencent has already seen collateral damage from the new regulations, though investors had shrugged this off, pumping up the stock even as Alibaba was punished. Its 26% advance over six months contrasts with a 15% slump for Jack Ma’s e-commerce behemoth, which owns a third of Ant. Shares of Tencent climbed to a record on Jan. 25, valuing it at roughly $950 billion.\nThe stock fell as much as 4.5% in Hong Kong Friday. Shares of Tencent investor Naspers and its unit Prosus also declined. Spreads on Tencent’s 2.39% dollar bond due 2030 widened as much as 6 basis points, according to traders.\nAlong with Ant, proposed rules to break up market concentration in digital payments and rein in consumer lending online will damage prospects for Tencent’s WeChat Pay and its wider fintech business.\nA diktat to fold those operations into a holding company that could be regulated more like a bank would potentially further curb its ability to lend more and expand as rapidly as it has done in recent years.\nTencent’s fintech business had revenue of about 84 billion yuan ($13 billion) in 2019, accounting for 22% of the total and making it the largest earnings driver after online entertainment. That’s about 70% of Ant’s revenue for the year.\nValuation Hit\nAfter Ant’s IPO suspension, the central bankdirectedthe Hangzhou-based firm to turn itself into a financial holding company, subjecting it to capital restrictions, the need for fresh licenses and ownership scrutiny. The overhaul could slash the financial juggernaut’s valuation by about 60% from the $280 billion it was pegged at last year, Bloomberg Intelligence analyst Francis Chan has estimated.\nTencent meets the parameters for such treatment, including the threshold for assets and having businesses that straddle at least two financial sectors.\nOutside of financial services, Tencent and its peers are exposed to further action on theanti-trustfront.\nOn Friday, the regulator fined Tencent, search leader Baidu Inc., ride-hailing giant Didi Chuxing and a clutch of others 500,000 yuan each -- the maximum under current rules -- for past acquisitions and investments, stepping up its crackdown.\nAlibaba is also being probed and the watchdog is considering a record fine exceeding the $975 million that Qualcomm Inc. paid in 2015, Dow Jones has reported.\nPremier Li balanced his strictures last week with an assurance that Beijing supports the “innovation and development of platform companies,” as long as they fall in line with the country’s laws.\nRecent measures to rein in fintech firms weren’t aimed at a specific company, a senior regulatory official hassaid, and instead focus on creating a stable environment for private enterprise to grow.\nYet, Beijing has a penchant for making examples of its biggest companies to force others to fall in line with changing priorities. All three of the nation’s financial watchdogs have made it their primary goal this year to curb the “reckless” push of technology firms into finance. And there’s little doubt of the sway Pony Ma’s conglomerate has built in finance.\nIts WeChat super-app boasts more than a billion consumers that use it for everything from chatting with friends to booking taxis and buying groceries. WeChat Pay accounts for almost 40% of the country’s mobile payments market, second only to Alipay, according to iResearch.\nTencent with three other major tech companies -- Alibaba, JD.com Inc. and Baidu -- together control over 40 financial licenses through acquisitions or investments,according to Xinhua News Agency, which cited 01caijing.","news_type":1,"symbols_score_info":{"00700":0.9,"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":2586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389740533,"gmtCreate":1612800727322,"gmtModify":1703765323503,"author":{"id":"3575187724808784","authorId":"3575187724808784","name":"Eddiee","avatar":"https://static.tigerbbs.com/a4a4aa3ac6c50fdb2ba3a42ad84fb054","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575187724808784","authorIdStr":"3575187724808784"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/389740533","repostId":"2109087585","repostType":4,"isVote":1,"tweetType":1,"viewCount":1901,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389755990,"gmtCreate":1612800523210,"gmtModify":1703765319033,"author":{"id":"3575187724808784","authorId":"3575187724808784","name":"Eddiee","avatar":"https://static.tigerbbs.com/a4a4aa3ac6c50fdb2ba3a42ad84fb054","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575187724808784","authorIdStr":"3575187724808784"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/389755990","repostId":"1163750848","repostType":4,"isVote":1,"tweetType":1,"viewCount":2549,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}