WallStAnalyst.com: Tech Companies Sell Non-core Businesses; The Dark Side of Bitcoin
Wall St. Analyst (www.wallstanalyst.com) has announced its comprehensive market summary that analyzes the most relevant news, events, and economic releases. This edition of the newsletter provides an insight into how tech companies are hiving off non-core businesses in order to allow them to focus on their core growth areas. The newsletter also throws the spotlight on how the Bitcoin has lost its sheen in the past week after Bitcoin Foundation was linked with money laundering.
Will China Dominate the US Smartphone Market?
WallStAnalyst.com analyzes the recent move by tech companies to sell off non-core business divisions. This will in turn enable them to focus on highly lucrative and profitable growth areas. Moreover, tech companies are seeing a way out of the overcrowded smartphone and tablet market that has already reached a level of saturation in the US market. On the other hand, Chinese players are viewing this as an opportunity to enter the US smartphone market. More details about the changing dynamics of the smartphone market are available at
http://wallstanalyst.com/research-desk/hot-w/1102-drunken-marriage-ends-in-quick-divorce-peeks-into-google-s-plan-for-the-future
Money Laundering Cramps Bitcoin’s Rising Popularity
In the past week, the rising of Bitcoin’s popularity took a beating after Bitcoin Foundation’s VC was charged with money laundering and links to organized crime. The recent development is a roadblock to BitInstant's plans to widen the Bitcoin ownership and allowing people to buy the digital currency in over 700,000 locations. More details about the Bitcoin’s woes and the regulations put in place are available at
http://wallstanalyst.com/blog/entry/bitcoin-the-dark-side-of-the-coin
Earnings Releases Echo Positive Market Outlook
The earnings releases of some major tech companies this week has surpassed analysts’ expectations and surprised shareholders with generous returns. Many companies are coming up with share buybacks and repurchasing programs to plump up their liquidity. Many others are considering selling off non-core businesses to enable them to focus on cash-generating businesses. Overall, major companies are offering an optimistic outlook for 2014, cheering investors and driving them to the equity markets. More details about the earnings results of various companies are available at
http://wallstanalyst.com/research-desk/market-monitoring/1101-earnings-releases-31-january-2014
Focus Concepts, Sectors, and Companies
Google
Facebook
Harley-Davidson
3M
Visa
Google
Lenova
Samsung
Apple
Avon Products
For more information visit http://wallstanalyst.com/
Related News
New York has always offered sightseers some wonderful things. Between the Empire State Building, the Statue of Liberty and Broadway, all one has to do is stroll into the "city that doesn't sleep" in order to have a good time. But New York also has a dark side. A city that was once notorious for crime-ridden dark alleys and filth, New York now offers a whole new form of terror... the BitLicense. Throughout the year, the document has witnessed growing dislike amongst bitcoin businesses and companies that would delve in digital currency. While former Superintendent Benjamin Lawsky and those....
Alan Meckler, the man behind the 1990s’ Internet World and Inside Bitcoins over the past few years, is launching a new conference in collaboration with TMC: Inside Dark Web. The new dark web conference will take place at the Museum of Jewish Heritage in New York City on May 12th, 2016. Internet World, as a part of MecklerMedia, was the first major conference covering the Internet, and Meckler sees many parallels between the early days of the Internet and these early days of the dark web. As the dark web continues to grow, new opportunities and risks are created for businesses around the....
Convicted dark web vendor Chrissano Leslie, 26, was sentenced last Tuesday and will likely be deported after his release. His defense framed him not as a big drug trafficker, but a street-level dealer who just so happened to sell heroin, fentanyl and other drugs thanks to the dark web. Prosecutors portrayed Leslie as standing on a high tech street corner on a sophisticated online marketplace they called “an anonymous eBay” for criminals. Senior U.S. District Judge Daniel T.K. Hurley said he was concerned with a recent spike in heroin and fentanyl abuse. “People are overdosing and dying,”....
Interestingly enough, the most commonly purchased drugs are not what people would assume. LSD, Cannabis, MDMA, and novel substances mark the top five of purchased narcotics on the dark net. The dark net has always been one of those places where Bitcoin is most commonly used for transactions. Although the dark net is filled with marketplaces where illegal goods and services are bought and sold, it always played a key role in Bitcoin usage. A new survey shows how more people shop for drugs on the dark net, which is not overly positive news for Bitcoin enthusiasts. The Global Drug Survey 2016....
Kraken, a bitcoin exchange based in San Francisco, recently made a press release regarding its dark pool service for traders. This can address the usual trading issues in the network, as the market is still relatively small in volume, making large orders capable of moving prices significantly. With a bitcoin dark pool, other traders can be able to place orders without letting their other traders find out. Traders can anonymously place large buy or sell orders without revealing their interest to other traders. This will prevent outsized orders from moving the markets or causing....