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Here s My List of Billion Dollar Bets Let s look at seven names that you can buy right now and watch grow.
Mar 08, 2021 | 12:12 PM EST DMY Technology Group ( DMYI) announced it would be bringing IonQ public. This will introduce the first quantum computing company to the public markets at an enterprise valuation of $1.38 billion based on $10 per DMYI share. Currently, that s close to $1.6 billion the enterprise metric and a $2.2 billion market cap. This is definitely a cutting-edge company, and the future of where tech is heading, but it s an aggressive valuation to say the least. Revenue for 2021 is targeted around $5 million, growing to $15 million in 2022. Management expects revenue to push above $50 million out in 2024. It will finally break the $500 million mark in 2026, where it will still be cash flow negative. Earnings before interest, taxes, depreciation, and amortization won t see positive territory until 2025. On the plus side, the company
February 12, 2021 at 12:07 PM
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Last month, Reddit users sent a multibillion-dollar message to hedge funds, investment banks, and the U.S. economy in general: you don’t control the market. Acting together on a massive scale and in response to the Reddit forum “WallStreet Bets,” Reddit users pushed the GameStop stock price to astronomical levels, resulting in small-time individual shareholders earning hundreds of thousands of dollars and creating massive losses to hedge funds that shorted the stock.
The reaction from Wall Street and the U.S. government has clarified one major thing, while the U.S. is allegedly built on a free market, the market is only free to be manipulated and profited off of by the wealthy.
Bitcoin hits record as Mastercard, BNY Mellon embrace crypto
Eric Lam, Bloomberg News VIDEO SIGN OUT
Bitcoin jumped to a record high after Mastercard Inc. and Bank of New York Mellon Corp. moved to make it easier for customers to use cryptocurrencies.
The largest digital asset rose as much as 7.4 per cent to US$48,364, surpassing the all-time high reached Monday after Tesla Inc. announced it would hold US$1.5 billion of the cryptocurrency on its balance sheet. The wider Bloomberg Galaxy Crypto Index also touched a record.
âThe crypto-asset world is bursting into the realms of traditional finance at a staggering pace,â said Simon Peters, an analyst at investment platform eToro.