Free Republic

While not directly impacted by the sharp crisis escalation in Ukraine or fears of multiple rate hikes by the Fed, Chinese tech shares suffered their worst two-day drop since July following renewed fears Beijing may roll out more restrictions for private enterprise.Shares of China's tech giant, Tencent, sank 5.2% on Monday, hammered by speculation about an unspecified, impending crackdown on China’s largest social media and gaming firm that company spokesman Zhang Jun later denied. Traders pointed to everything from warnings from regulators over the weekend about scams in the metaverse to talk about yet more curbs on the gaming industry....

The Cold, Hard Math Says Netflix Could Crash 70% It’s official... it’s the beginning of the end for Netflix (NFLX). As you may have heard, the online video company made a troubling announcement... This quarter, for the first time ever, it lost American subscribers. Hundreds of thousands of them. The stock plunged more than 11% on the news. I’ve been “sounding the alarm” on Netflix’s troubled business since last July when its stock was trading above $400.

George Soros avoided a loss of more than 17 million dollars by dumping shares of Facebook, Netflix and Goldman Sachs just before the big crash started happening. In other words, he made out like a bandit by selling at the peak of the market. Is he smarter than all the rest of us, did he have some inside information, or was he simply lucky? In recent months, tech stocks have lost approximately a trillion dollars in value, and many investors have been absolutely devastated. But not George Soros. According to the most recent filing with the SEC, Soros Fund Management...

The US tech sector does a great job of exchanging photos and recipes and family photos, but it doesn’t do much for overall productivity, which is stagnant as investment goes into apps rather than plant and equipment. This is how it always happens. Late Tuesday an obscure short-seller, Citron Research, announced that Twitter was the social media platform most vulnerable to privacy regulation – and its stock plunged 12% in the course of the day. All the other tech names followed, including the whole of the FANG+ Index (Facebook, Amazon, Netflix, and Google, along with a half-dozen other big names,...

Revisiting the Technology Generals A look at the Technology Generals, posted on October 9, 2003 included my fundamental overview of Intel Corp., and technical analyses of the large capitalization technology leaders of the rally from the October 2002 “bottom.?At that time Intel and Dell Computer were looking technically strong, while Cisco was facing technical resistance, which it subsequently broke to the upside. Microsoft and Oracle were weak; however, with the backdrop of a strong Nasdaq continuing into mid January of 2004, each of the five stocks posted significant gains, before topping with the broader market. Tonight I will revisit the...