facebook Libra Mark Zuckerberg Op-ed U.S. Business News 

Facebook Contractor Spies on Horrified Moderators. When Does It End?

A Facebook partner is spying on its own traumtized content moderators, giving us even more reasons to distrust Mark Zuckerberg’s company. | Source: AFP PHOTO / Brendan Smialowski Facebook released a video last year apologizing for its data misuse that likely swayed the 2016 election. It ends by saying “if this place does what it was built for, we all get a little closer.” That is the problem, Facebook. It’s time to back off. The Intercept just released an exposé detailing how managers at the Austin, Texas outpost have been…

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Adam Neumann Elon Musk Op-ed U.S. Business News WeWork 

WeWork’s CEO Is the Next Elon Musk

WeWork CEO Adam Neumann is on track to become the next Elon Musk. That might sound like a compliment. Trust me – it’s not. | REUTERS / Eduardo Munoz By CCN Markets: The last thing an investor wants to read in an IPO prospectus is a warning that the company’s CEO may have committed an SEC violation – even an itsy-bitsy one. But that’s the case with WeWork co-founder and CEO Adam Neumann, who is on track to become the next Elon Musk for all the wrong reasons. Let me…

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Adam Neumann Opinion U.S. Business News U.S. Market News We Company WeWork 

5 Crazy Numbers We Found in WeWork’s Horrorshow IPO

WeWork revealed its IPO prospectus on Wednesday and we found some bizarre facts and figures inside. Source: Shutterstock By CCN Markets: The prospect of a WeWork IPO was met with skepticism after the official S-1 filing to the SEC revealed some extravagant facts and figures about the company and its CEO. Here are 5 interesting numbers to be found in the IPO filing. 13 – the number of times ‘energy’ is mentioned WeWork CEO Adam Neumann once said the company’s energy and spirituality were more important than its revenues |…

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IPO Op-ed U.S. Business News WeWork 

WeWork’s IPO Will Go to Zero After the First Recession

WeWork’s IPO will fail because its business model requires a booming economy. The next recession will destroy the company.  | Source: Shutterstock By CCN Markets: There’s a song that says, “one is the loneliest number.” In fact, zero is the loneliest number, especially when it is preceded by a dollar sign. And $0 is where WeWork stock is going to go after the next recession hits, but don’t count on anyone else to tell you that. So avoid the WeWork IPO. The We Company’s Business Model Is Destined to Fail WeWork,…

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Elon Musk Tesla U.S. Business News U.S. Market News 

Tesla Shorts Are Raking in Profits as Bulls Patiently Await a Short Squeeze

Tesla bears are clearly in control as traders who are short TSLA stock continue to rake in profits while patient bulls await their payday. | Source: Shutterstock By CCN Markets: Traders are shorting TSLA stock like it’s going out of style. Tesla shorts are generating profits hand-over-fist, netting $2.75 billion in mark-to-market profits year-to-date, according to Bloomberg citing S3 Partners data. Ihor Dusaniwsky, managing director at S3 Partners, in recent weeks tweeted that short interest in TSLA was $9.5 billion with roughly 41 million shares shorted, nearly one-third of the…

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Lyft Op-ed U.S. Business News Uber 

Uber’s Wheels Are Coming Off amid a $1 Billion Loss

Uber lost a billion dollars in the last quarter, but there is still some decent growth in its business. The problem is Uber won’t make money for a while. | Source: Shutterstock Mega-unicorn Uber reported earnings, or rather losses, on Thursday that demonstrate why hype doesn’t always work in a company’s favor. Let’s hit the headline numbers and explain what they mean for Uber’s stock. Solid Growth Across the Board Just like its rival, Lyft, Uber saw a significant increase in gross bookings. That metric was up 31% to $15.76 billion….

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Donald Trump google Op-ed Sundar Pichai U.S. Business News 

Google’s Stock Now Has a Greater Chance of Crashing on DOJ Probes

Donald Trump tweeted out attacks on Google’s CEO, echoing criticisms of the company’s anti-conservative bias. | Source: (i) AP Photo/Jacquelyn Martin (ii) AP Photo / Jeff Chiu, File; Edited by CCN President Donald Trump attacked Google CEO Sundar Pichai in his latest tweetstorm. It’s standard Donald Trump to jawbone at his opponents, and Google would be wise to pay attention. Donald Trump usually follows his attacks with real action. Check out what @Google is up to for the 2020 election! #KAG2020 pic.twitter.com/roM2WNmUSP — Donald J. Trump (@realDonaldTrump) August 6, 2019…

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Disney Disney earnings Op-ed U.S. Business News 

Disney Stock Drops on Earnings Miss but Don’t Bet Against It

Disney reported earnings that show things are just fine, but investors punished the stock anyway, sending shares lower by 4 percent. | Source: Shutterstock The Walt Disney Company reported third-quarter earnings on Tuesday. Despite some very impressive numbers, earnings were hurt by the digestion of Fox Studios and costs associated with its new streaming service. Let’s look at the headline numbers and dive into the most important metrics to see where Disney had trouble and what to expect from the stock going forward. Breaking Disney Down Diluted earnings per share, excluding…

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Elon Musk Op-ed Tesla U.S. Business News 

Tesla’s Latest Sales Pitch Will Blow Up Just Like Its Cars

Elon Musk and Tesla ended free supercharging for lower-priced vehicles but now offer it for luxury models in an attempt to juice-up demand. | Source: Shutterstock You have to give Elon Musk a lot of credit. By creating some kind of news every single day about any one of his ventures, he is not only guaranteed to always be in the news, but he’s able to create a smokescreen that distracts people and investors from the fact that he’s just selling turbocharged snake oil. Only a genius can recover from…

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Opinion square U.S. Business News 

Stock Market Investors Might Want to Be Greedy & Pile into Square

The stock market just suffered its most brutal week of the year so far, and Square was not immune to the pressure. Did investors overreact? | Source: Shutterstock The two biggest emotions that fuel the stock market are fear and greed. One will send stocks swooning, while the other can create bubbles. But as Warren Buffett famously says, “Be fearful when others are greedy and greedy when others are fearful.” If he’s right, then now’s the perfect time to pile into payments company Square (SQ). In case you didn’t notice,…

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