Amazon is now the USA's most valuable publicly-traded company by market value:
Amazon's ended trading Monday with a market value of about $797 billion, compared with Microsoft's $783 billion. Apple, which had been part of a close three-way race for the seat, is now down to about $702 billion in market value after plunging last week on the news of its weak iPhone sales. Google parent company Alphabet has surpassed Apple with a market value of about $748 billion.
Previously: Microsoft Overtakes Amazon as Second Most Valuable U.S. Company
(Score: 3, Interesting) by MichaelDavidCrawford on Tuesday January 08 2019, @06:22AM (8 children)
It's not like they don't know that product sales ultimately decline. Surely they've got _something_ planned for that billion dollar new Austin campus.
Today and yesterday I listed dozens of locations where Apple is hiring college student customer support. I contemplated not doing so but concluded that AC would be a perfect fit were he to get his head out of his ass. Tomorrow I'll start listing shops in other countries so as to accommodate any desire AC might have to travel.
Fuck MDC
Yes I Have No Bananas. [gofundme.com]
(Score: 3, Insightful) by FatPhil on Tuesday January 08 2019, @08:33AM (7 children)
Personally, I'd look at whoever's een doing massive share buybacks (with associated pump to the price) and not had a monster crash (9% in a day for Apple, for example), and then short them like buggery.
(Actually, I wouldn't - it's not a truly free and open market, it's highly manipulated, and I simply don't want to play that game, even if the potential gains are tempting. And also, I'd never want anything I said to be considered financial advice, except perhaps to be very wary of playing in volatile markets with anything more than you can afford to lose. And trust noone.)
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
(Score: 1) by shrewdsheep on Tuesday January 08 2019, @09:13AM (6 children)
OTOH, you could just hypothetically perform as you suggest - and be astounded by how wrong you were. May I challenge you to post your suggestions on your journal for everyone to check up on?
(Score: 2) by FatPhil on Tuesday January 08 2019, @10:24AM (5 children)
Skin in the game? Yes. I'm trying to BTFD as we speak. If you feel tempted to dabble, then the online marketplace with the lowest trading overheads (half a percent at low volumes) and way way cheapest storage fees (about a quarter of anyone else's fees) is bullionvault, and if you use my account id as a referer, I'd be most grateful: http://www.bullionvaultaffiliate.com/ASDF0000/en
I don't believe it's going to the moon, but that's not what I'm looking for - I do want a safe haven investment in simple terms - I'm wary of pretty much everything else. Even if it's heading south, it has enough volatility to be possible to short a profit.
My biggest single investment, however, was in a local brewery that is run by people who have a proven track record at getting the business side of things right, and who have employed extremely skillful brewing/lab staff. They're exporting all round the world already, have a tip-top reputation, and are expanding as they can't supply the current demand. No divvies for a while (lots of loans to pay off due to expansion), but I'm considering that a medium-to-long term growth investment. Of course, I was at the right place at the right time in order to be able to be part of that - so the only recommendation I can map that onto is "be lucky".
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
(Score: 2) by driverless on Tuesday January 08 2019, @11:00AM (2 children)
For those who aren't quite following all this financial talk, this illustration [wp.com] may help to clarify what's being discussed.
(Score: 2) by FatPhil on Tuesday January 08 2019, @11:52AM (1 child)
If you're not familiar with the concept of debasement, for example, you're nearly 2000 years behind the times - you've got some catch-up reading to do.
Do not think for one second that I have any respect for the people who have constructed the modern world this way, quite the opposite, I abhor some of the instruments that have been invented in my lifetime, some are wholly designed around relying on bigger idiots, for example. Madoff wasn't the bad egg, he was just playing the same game as everyone else, but badly enough to not get away with it. However, it's pertinent to understand how the system is constructed, and some of the argot that those who work in the field use to describe what's going on. Some of the terms originally had some intrinsic sense, but now there's no real market of real things the abstraction has made them seem like gobbledygook. Read up on the origins, and you'll realise plenty of it is not mystical incantations. (But plenty is too.)
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
(Score: 2) by HiThere on Tuesday January 08 2019, @04:57PM
Actually, I believe that debasing currency is nearly as old as currency. IIUC it dates back to the times before coining money was practiced...though in that time it was mainly unofficial actions of officials. Shaving bars of gold that had the king's seal on them, mixing in other metals, etc.
OTOH, the king's seal was important as a guarantee of purity, because the open market was full of people who would give short weight or mixtures of metals.
Javascript is what you use to allow unknown third parties to run software you have no idea about on your computer.
(Score: 2) by c0lo on Tuesday January 08 2019, @12:52PM (1 child)
Why invest in bullion when you can invest in gold miners?
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 2) by FatPhil on Wednesday January 09 2019, @12:31AM
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves