Expedia Group: Recovering with the Travel Industry

Expedia Group (NASDAQ: EXPE) It was one of the companies hardest hit by the coronavirus pandemic and only recently saw a respite in total bookings and revenue. In February 2021, the company’s revenue fell 57% due to international travel restrictions and shutdowns. The stock has done well in reversing its trajectory back towards positive earnings … Read more

SoftBank records biggest full-year loss ever

“The world is in a chaotic situation,” CEO Masayoshi Son said, citing Covid-19 and the Russian invasion of Ukraine. “In this chaotic world, the approach we should take at SoftBank is defense.” The comment came after SoftBank reported a net loss of 1.71 trillion yen, or $13.2 billion, for the fiscal year ended March 31. … Read more

SoftBank records annual losses of 13 billion dollars, affected by the decline in technology shares

“The world is in a chaotic situation,” CEO Masayoshi Son said, citing Covid-19 and the Russian invasion of Ukraine. “In this chaotic world, the approach we should take at SoftBank is defense.” The comment came after SoftBank reported a net loss of 1.71 trillion yen, or $13.2 billion, for the fiscal year ended March 31. … Read more

Mirror biotech stocks decline

Biotech stocks sank Monday along with the broader technology sector. Concerns about inflation and interest rates have put downward pressure on the biotech sector for several months. The Nasdaq was down 521 points, or 4.3%, at 11,623.25. “Nothing has really changed in the thesis that biotechnology is undervalued at these levels,” Thomas Hayes, president of … Read more

IAC sees bargains in technical assessments. It is ready to shop.

font size IAC was founded by former film mogul Barry Diller. Leungphotography / Dreamstime With sharp cuts in tech stock prices, online holding company IAC is on its way to more deals. IAC (Stock Code: IAC) has been buying, building and selling online businesses for the better part of three decades. Founded in 1995 by … Read more

Musk says the Twitter board has almost no stock. Here’s how it compares with Tesla.

Twitter managers are awarded $225,000 in units of restricted stock, plus at least $50,000 in cash, annually. David Paul Morris/Bloomberg font size Elon Musk asked Twitter Board members concurred with shareholders over the weekend, citing most of the board’s small personal stakes in the social media company. The businessman and richest person in the world … Read more