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Facebook Earnings Prove the Ad Boycott Was a Total Joke

July 31, 2020 Phil WrightBusiness NewsNo Comment on Facebook Earnings Prove the Ad Boycott Was a Total Joke

Facebook beat on earnings, revenues, and even saw a rise in profit margins. The company expects at least 10% revenue…

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Facebook’s Desperate Bid to Poach TikTok Stars May Fail Spectacularly

July 29, 2020 Phil WrightBusiness NewsNo Comment on Facebook’s Desperate Bid to Poach TikTok Stars May Fail Spectacularly

Facebook shuttered its answer to TikTok this month. The social media giant will launch a similar Instagram feature in August.…

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Analyst: Tesla Stock Could Crash 40% – But Don’t You Dare Short It

July 28, 2020 Phil WrightBusiness NewsNo Comment on Analyst: Tesla Stock Could Crash 40% – But Don’t You Dare Short It

Bernstein downgraded Tesla’s stock to underperform. The Wall Street firm maintains a price target on the stock that implies a…

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Jeff Bezos Is Worth $179 Billion – And He’s About to Get a Lot Richer

July 27, 2020 Phil WrightBusiness NewsNo Comment on Jeff Bezos Is Worth $179 Billion – And He’s About to Get a Lot Richer

Amazon has leaped from strength to strength during the pandemic. Four analysts recently raised their AMZN stock price targets –…

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Pretending to Own a Tesla Just Got a Whole Lot Cheaper in China

July 22, 2020 Phil WrightBusiness NewsNo Comment on Pretending to Own a Tesla Just Got a Whole Lot Cheaper in China

It just got 95% cheaper to “reserve” a Tesla vehicle in China. The electric carmaker already cut prices on its…

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Elon Musk’s Quest for Profits Is Threatening Tesla’s Long-Term Future

July 19, 2020 Phil WrightBusiness NewsNo Comment on Elon Musk’s Quest for Profits Is Threatening Tesla’s Long-Term Future

Tesla spent the highest amount on research and development in 2018. The electric carmaker’s R&D expenditure is falling at a…

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Berkshire’s Rumored $5 Billion Trade Is Classic Warren Buffett

July 17, 2020 Phil WrightBusiness NewsNo Comment on Berkshire’s Rumored $5 Billion Trade Is Classic Warren Buffett

Based on SEC filings, Warren Buffett may have bought back $5 billion in Berkshire Hathaway shares. We’ll know for sure…

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Macy’s Board Disgustingly Back-Slaps Execs After Slashing 3,900 Jobs

July 16, 2020 Phil WrightBusiness NewsNo Comment on Macy’s Board Disgustingly Back-Slaps Execs After Slashing 3,900 Jobs

The Macy’s board of directors issued $9 million in equity awards to management. The move comes just weeks after Macy’s…

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Even Elon Musk’s Biggest Critic Has Given up Shorting Tesla

July 16, 2020 Phil WrightBusiness NewsNo Comment on Even Elon Musk’s Biggest Critic Has Given up Shorting Tesla

Carson Block, an outspoken critic of Tesla and Elon Musk, believes it is the wrong time to short TSLA. Tesla’s…

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Apple Burns Naysayers as It Beats Down EU and Nails Lockdown

July 15, 2020 Phil WrightBusiness NewsNo Comment on Apple Burns Naysayers as It Beats Down EU and Nails Lockdown

Apple’s major tax win means nothing stands in its way. Investors betting against the company’s shares have been officially burned.…

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