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Articles related to "price"

Super-successful game Fortnite may find its biggest business challenge yet as it moves to iPhone

  • But "Fortnite" is about to face a new challenge: The fickle world of mobile gaming, where companies can make a ton of money on a hit game, only to fade into oblivion later.
  • But while PC and console franchises like "Minecraft" and "Call of Duty" have been enduring cash cows, the world of mobile gaming tends to have higher highs and lower lows.
  • The good news for "Fortnite" is that mobile game spending is 2.3 times higher than PC and Mac gaming, and 3.6 times higher than game consoles, according to a recent report from App Annie and IDC.
  • The bad news is that a short-term payout doesn't guarantee long-term monetary success — just ask the makers of hit games like Puzzle & Dragons and Fruit Ninja, which were among the top mobile games ever as recently as 2015.

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Bitcoin Price Retreat Digs Into Bitcoin Miner Profits

  • It’s no secret the BTC price has been in a rut, which has dampened investor sentiment but now it’s also interfering with the plans of ambitious mining projects that have flooded the market since bitcoin’s peak at year-end.
  • Fundstrat Global Advisors’ data science team developed a bitcoin mining model that has determined the current price level for BTC is below the threshold to profitably create it.
  • It’s an unusual situation for the cost of mining to supersede that of the asset itself, Fundstrat says, suggesting that the current multiple represents a “trough” and that now is not the time to sell.
  • When times are good, bitcoin mining pays off, with this China’s Bitmain alone have generated between USD 3 billion and USD 4 billion in profits last year.
  • Meanwhile, Fundstrat quantamental strategist Sam Doctor based the calculation to arrive at the BTC floor price in part on energy costs of $0.06 per kilowatt hour.

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Steve Jobs pre-Apple job application auctioned off for $174,000

  • An Internet entrepreneur from England was the winning bidder, Boston-based auction house RR Auction said on Friday, but the buyer wished to remain anonymous.
  • The application dated 1973, complete with spelling and punctuation errors, had been expected to fetch about $50,000.
  • The sale price reached on Thursday was $174,757, the auction house said.
  • Under a section titled “Special Abilities,” Jobs wrote “tech or design engineer.
  • — from Bay near Hewitt-Packard,” a reference to pioneering California technology company Hewlett-Packard and the San Francisco Bay area.
  • The document does not state what position or company the application was intended for.
  • Jobs and friend Steve Wozniak founded Apple about three years later.
  • RR Auction said the high price reflected the continuing influence of Jobs, who died of cancer in 2011 at the age of 56.

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Zscaler’s IPO Ends First Day Up 106% From Its IPO Price

  • There’s demand for new tech shares if your name is Zscaler, a company that sported a billion-dollar-plus valuation before it went public today.
  • According to Yahoo Finance, Zscaler wrapped the day valued at $33 per share, precisely, up 106.25 percent from its IPO price.
  • At $16 per share, the firm was worth around $1.9 billion at the time of its IPO.
  • As we wrote, the company’s revenue rose (in quarterly terms) well, while its net losses were pared.
  • Powering the above was the firm’s 122 percent “dollar-based net retention rate,” implying that its recurring revenue has a quick compound rate.
  • Investors like that, as it improves a firm’s customer acquisition costs when compared to the value of those customers; or, in simpler terms, Zscaler’s future revenue growth will compound from its current foundation hinting that it can keep paring its net losses while expanding.

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Cryptocurrency Continues to Slump, Bitcoin Remains Stable at $8,200

  • The cryptocurrency market has continued to slump over the past few weeks, as both major and minor cryptocurrencies followed the price trend of bitcoin.
  • While traders still believe the price of bitcoin will likely suffer another correction before a short-term recovery occurs, billionaires including Peter Thiel and Alan Howard have expressed their optimism towards the cryptocurrency market.
  • At the Economic Club in New York City, billionaire investor Peter Thiel stated that he is still long on bitcoin, and that he is more optimistic towards the cryptocurrency than before.
  • Thiel emphasized that he is skeptical towards everything else, including major cryptocurrencies, apart from bitcoin.
  • However, the market is not focusing on the innovative developments happening within the space, and is depending on negative media coverage involving traditional finance experts criticizing bitcoin and other cryptocurrencies without sound arguments and evidence.

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Taiwan’s New Central Bank Chief Uncertain of State Cryptocurrency

  • In a meeting with lawmakers this week, Taiwan’s new central bank governor Yang Chin-long was asked about the central bank’s current stance and outlook for cryptocurrencies at a time when a number of central banking counterparts around the world explore a blockchain-based state cryptocurrency issued by them.
  • According to Taiwanese publication Apple Daily, the central banker – having overseen the central bank’s crypto report late last year as deputy chief – claimed cryptocurrencies aren’t working as payments, citing their speculative nature.
  • More pointedly, the report suggests that the central banker “wanted to go in [that] direction [of payments]” but cryptocurrencies turned into commodities that exhibit price volatility under market speculation.
  • As things stand, the central banker stressed the authority isn’t exploring the issuance of Taiwanese dollars as a blockchain-based cryptocurrency.

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Coles spin-off lifts ASX to flat finish for the week

  • Wesfarmers' decision to spin-off Coles lifted equities on Friday and trimmed the Australian sharemarket's loss this week to 0.2 per cent, defying weakness across Asia.
  • Asian stocks slid on Friday as reports of more chaos in the Trump administration tested investors' nerves, already frayed by fears that US tariffs could hurt the global economy and trigger a trade war.
  • Capital Economics says if trade tensions escalate into a tariff war, especially between the US and China, then the Australian economy would likely be hit harder than most advanced economies.
  • While an escalation of global trade tariffs could help Australia and New Zealand in the short term if their currencies weakened and China moved to stimulate its economy, this would only last around two to three years, Capital's economists believe.

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Bitcoin Price Plunges Toward $8,000 as Market Grows Heavy

  • The Bitcoin price plunged toward $8,000 on Thursday as the cryptocurrency market began to grow heavy across the board.
  • At present, Bitcoin is valued at $8,175 on Bitfinex, which translates into a $139.6 billion market cap and a 42.2 percent share of the overall index.
  • Altogether, the cryptocurrency market cap dropped by $26 billion, a single-day retreat of more than seven percent.
  • The decline correlated with reports that Google will ban cryptocurrency-related advertising, a move that brings its ad policies in line with that of rival Facebook, which began prohibiting these types of ads in January.
  • This app leverages the firm’s institutional trading desk to provide investors with the ability to instantly purchase five cryptocurrencies, with more expected to be added to the platform in the near future.

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Credit Suisse is being sued for losses over a controversial financial product

  • An investor sued Credit Suisse on Wednesday, alleging that misstatements about a complex product betting on stock market swings led to losses for people who bought in at inflated prices.
  • A popular product offered by the bank and linked to expectations of future price swings, or volatility, in the S&P 500 stock index sank by more than 90 percent within hours last month following a market selloff.
  • Credit Suisse later took the product — once worth $1.6 billion and known as the VelocityShares Daily Inverse VIX Short-Term Exchange-Traded Note (ETN) — off the market.
  • The lawsuit, filed in the U.S. District Court in Manhattan, said Credit Suisse "manipulated" the notes by liquidating its holdings in various financial products to avoid a loss.
  • The bank's chief executive, Tidjane Thiam, has called the product "legitimate" and said investors took their own risk on a trade that did not pan out.

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  •, the e-commerce leader that has embraced bitcoin and became the first company to solicit qualified institutional buyers in a digital corporate bond, has announced the subsequent sale period for its tZERO preferred equity tokens.
  • has begun the subsequent sale period for its tokens after raising $100 million in its pre-sale from strategic purchasers at discounted prices.
  • During the subsequent sale period, purchasers will claim rights to acquire tZERO security tokens, pursuant to Simple Agreements for Future Equity (SAFEs), at a fixed price of $10.00 per token, subject to discounts and other concessions.
  • As of March 1, 2018, tZERO has entered into executed SAFES with about 1,100 purchasers for around $114.6 million of tokens, of which $100.6 million has been funded by the purchasers.
  • U.S. investors must be accredited investors to be able to execute SAFEs and participate in the subsequent sale period.

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