Sales & Marketing news

• A little-known business at Robinhood has exploded, and now it's launching a service to go after the most serious traders

  16-06-2018 23:41 via feedproxy.google.com
  Robinhood's options-trading business is exploding, according to Chris O'Neil, a product manager at the California broker.
  Now the firm, which says it has seen $2 billion in options-trading volumes since launch, is upping the ante with the rollout of multileg options.
  The move shows the company is seriously going after the business of more experienced traders, says Devin Ryan, an analyst at JMP Securities.
  When most people think about Robinhood, free stock trading and its red-hot crypto feature t
  
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• Trading in Snap is quietly undergoing a major shift that could send the stock soaring

  16-06-2018 18:31 via feedproxy.google.com
  Snap has been one of the most shorted stocks in the US application-software sector for much of the past year.
  New data from S3 Partners finds that trading in Snap's stock is undergoing a shift that could put pressure on short sellers and boost shares.
  Watch Snap trade in real time here.
  Snap is getting too expensive to short.
  It's an interesting turn of events for the company's stock, which is the second-largest short in the US application-software sector, with traders betting a whopping $1.64 b
  
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• Top investors gambled $12 million on the blockchain equivalent of Beanie Babies. Now, sales are plummeting.

  16-06-2018 15:17 via feedproxy.google.com
  In March, investors including Andreessen Horowitz and Union Square Ventures gave a total of $12 million to CryptoKitties, a blockchain game for digital collectibles.
  According to data from blockchain analytics sites, the number of CryptoKitties transactions are a fraction of what they were in December.
  CryptoKitties cofounder Bryce Bladon says the livelihood of CryptoKitties can't simply be measured by the number of transactions that happen in a month, and that people's behaviors have changed as
  
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• Elon Musk's plans for Tesla keep getting weirder and it could put the company's future at risk (TSLA)

  16-06-2018 14:57 via feedproxy.google.com
   Tesla has been struggling with fundamentals and has lost billions. But the auto industry has never been better, enjoying years of booming sales and profits. 
  While major automakers have unveiled new investments and growth initiatives, Tesla has been laying off staff and cutting costs.
  Tesla has always existed in a parallel universe, but that world is starting to look bizarre.
  I was never a big DC Comics fan as a kid growing up in the 1970s — Marvel was more my bag — a
  
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• Here's what 5 top Wall Streeters told a conference for big investors about the best parts of the market to own over the next year

  16-06-2018 13:02 via feedproxy.google.com
  At the UBS CIO Global Forum in New York on Thursday, five investors were asked to share their top-conviction ideas for the next 6-12 months. 
  Investing in infrastructure, short-term bonds, and financial stocks were among the top ideas. 
  The investors were from firms including BlackRock and DWS, the asset-management arm of Deutsche Bank.
  During the UBS CIO Global Forum in New York on Thursday, investors in attendance were polled on when they thought the bull market would end. 
  
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• The crypto boom is like the dotcom bubble but that's not a bad thing: 'Selling crypto now is like selling Apple in 2001'

  16-06-2018 09:00 via feedproxy.google.com
  More than 1,000 cryptocurrency startups worldwide have raised over $10 billion over the last two years.
  Yoni Assia, the CEO of eToro, told BI this week: "95% are going to end as nothing because that’s startup funding." Many others in the industry agree.
  But those that do survive have the potential to be huge. Investing in crypto now is "as good as an investment in the internet 10 years ago," Assia said.LONDON — Cryptocurrency startups around the world have raised billions of dollars
  
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• Nintendo’s biggest bull doubles down on his call after shares crater 20% in a month

  16-06-2018 08:20 via feedproxy.google.com
  Nintendo shares have plunged nearly 20% over the past month. 
  But Jefferies analyst Atul Goyal, who is the biggest Nintendo bull on Wall Street, says they still have tremendous upside. 
  He points to the widely successful Nintendo Switch, and says the company could improve its mobile business. 
  Watch Nintendo trade in real time here
  Wall Street’s biggest Nintendo bull isn’t ready to throw in the towel just yet. 
  Shares have cratered nearly 20% over the past mo
  
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• Amazon is escalating a 'Cold War' with Walmart over the Indian e-commerce market (AMZN, WMT)

  16-06-2018 08:18 via feedproxy.google.com
  Amazon is upping its investment dollars in India in order to compete with Walmart, which just bought Flipkart, the top Indian e-commerce company. 
  This is part of a "Cold War" in the Indian e-commerce space, a team of Barclays analysts wrote. 
  The Indian e-commerce market is expected to explode within the next few years.
  Watch Amazon trade in real time here.Amazon just struck back against Walmart in the battleground that is the Indian e-commerce market. 
  Typically Amazon is k
  
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• Ethereum's officially not a security — here's why it matters for other coin offerings

  16-06-2018 07:25 via feedproxy.google.com
  The Securities and Exchange Commission does not consider Ethereum a security, it said Wednesday. 
  Cryptocurrency developers and advocates praised the decision, saying it will help advance innovation. 
  We broke down the agency's logic to show how you can tell if a project would be considered a security. 
  Follow the price of Ethereum in real-time here. 
  Ethereum is officially not a security.
  The long-awaited decision on the world's second-largest cryptocurrency could have far-r
  
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• The Onion is on a crusade against Mark Zuckerberg because it says Facebook is choking its traffic (FB)

  16-06-2018 02:19 via feedproxy.google.com
  Satirical news site The Onion is ruthlessly roasting Facebook and CEO Mark Zuckerberg.
  Over the last two days its published around a dozen articles, taking aim at everything from tech addiction to the 34-year-old CEO's baby daughter.
  The Onion's editor-in-chief told Business Insider the attack is because of how Facebook has "betrayed the trust of billions of people" and is cutting off publishers' web traffic.The Onion is in the business of making jokes about pretty much anything in the news. But
  
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