Online auction site eBay (EBAY) became huge in the 1990s thanks to the demand for Beanie Babies. As the central site for that fad, the company was able to expand and survive the internet bubble.
Now, the company is looking to enable cryptocurrency payments, to better serve its customers. It’s also looking to break into the NFT, or non-fungible token market. NFTs are digital assets like a picture or song. While they can be copied, blockchain data provides the owner of the NFT with the assurance that they are, in fact, the original owner. NFTs have been big business so far this year, and show one of many applications for cryptocurrencies and blockchain technology.
Now here’s the rest of the news:
The BIGGER Short –Jon Schwarz & Ryan Grim,The Intercept
Wall Street’s biggest names are up to their 2008 shenanigans again. This time, with business loans. It’s a $4.5 trillion market, and delinquencies just hit all-time highs… [Read Here]
Bank of America: “Transitory Hyperinflation Ahead” –Tyler Durden,ZeroHedge
On BofA’s earnings call, inflation concerns “skyrocketed to near record highs from 2011, pointing to at the very least, ‘transitory’ hyper-inflation ahead.” [Read Here]
“I’ve been called many names like perfectionist, difficult and obsessive. I think it takes obsession, takes searching for the details for any artist to be good.”
May 04, 2020
As you begin to look at the entirety of last week, it was a ride. So much optimism at the beginning and culminated with GOOG and FB gaping higher following earnings.
It peaked on hump day and never recovered. By the end of the week the gains were largely erased from industries that would benefit from reopening the economy. Some article will point to earnings or discussion of tariffs, but it makes you wonder whether the extensions in California in elsewhere began to dim the light at the end of a very long tunnel.
In Other News:
Get Ready for the Next Great Bull Market in Gold John Doody detailed why he thinks gold prices can shoot to $3,000 per ounce – and maybe more – in the near future.
My friends complain all the time about charging their Teslas. It takes five hours. And that’s just when it’s half dead.
So imagine their surprise when I recently told them about a brand-new green technology that charges not in hours, but in less than five minutes!
It’s as quick as filling a tank of gas, except there’s no carbon emissions…
It lasts hundreds of miles longer…
And it NEVER dies – it can recharge forever.
The only thing it emits is pure, clean drinking water.
Best of all, it’s cheaper than batteries. And safer.
Jimmy Mengel tested this technology himself recently…
And it’s so remarkable that I now agree with the experts who say: “this is the Tesla killer.”
Bloomberg projects it to “skyrocket 1,000 times over.” And best of all…
The tiny little-known stock behind the “Tesla Killer” trades for only a few bucks.
Don’t wait another moment.
Now you can lock in its shares for a few dollars, instead of over $400 like Tesla.
May 04, 2017
Happy Birthday sis,
I would like to wish DONNA WALKER the very best today … your special day!
Many, many more.
I’m so very proud of you, AND love you soooo much,