Probably their best customer.
Big D vs Twitter
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[article]
Chinese bargain hunters pile into stocks blacklisted by Trump
By Reuters Staff
SHANGHAI (Reuters) - As U.S. investors dump shares in Chinese companies blacklisted by outgoing President Donald Trump, bargain hunters in China are taking the opposite side of that trade, wagering that a Joe Biden presidency will reverse the investment ban. The outgoing U.S. president is considering expanding that blacklist of 35 firms to include Alibaba and Tencent. As U.S. investors rush to sell shares in the sanctioned companies and their subsidiaries before the executive order takes effect on Jan. 11, Chinese investors are swooping in. Since the order was announced, holdings by mainland Chinese in the Hong Kong-listed shares of China Railway Construction Corp (CRCC) and CNOOC Ltd via the China-Hong Kong Connect roughly tripled, according to bourse operator Hong Kong Exchanges and Clearing Ltd. Other blacklisted stocks, including railway equipment maker CRRC Corp, China Communications Construction Co and semiconductor giant SMIC also witnessed heavy money inflows.
Zhu Haifeng, a veteran Chinese retail investor, said he bargain hunted in CNOOC and CRRC, which both had lost as much as 27% since the Trump order. “They are globally-competitive companies, and are China’s ‘name cards’,” said Zhu, who sees limited impact on the companies’ fundamentals from the U.S. sanctions. Wan Chengshui, portfolio manager at Hangzhou-based Golden Eagle Fund Management Co, said he plans to increase his holdings in Tencent, if prices fall further. “Trump politicized everything in the name of national security. When Biden takes office, I think things will take a turn for the better,” said Wan, predicting Trump’s executive order will be nullified, and sanctions against Tencent and Alibaba won’t materialize. Wan is not alone. When Tencent slumped nearly 5% in Hong Kong following news of the potential blacklisting on Thursday, Chinese investors ploughed a net HK$4.6 billion ($593.29 million) into its shares via a cross-border trading channel, making it the most actively-traded stock under the scheme that day. Global index publishers MSCI, FTSE Russell and S&P Dow Jones Index have all scrambled to delete the blacklisted securities from their global benchmarks, forcing passive investors to shed those holdings.
Phillip Wool, head of investment solutions at Rayliant Global Advisors, said investors could find bargains as active investors dump shares to front-run passive outflows. “Non-U.S. investors will look at prices of those stocks falling and, at some point, decide it’s a buying opportunity,” Wool said. Meanwhile, uncertainty lingers around the scope and implications of Trump’s executive order, while the gradual expansion of the list is another guessing game, Wool said. Therefore “there’s also a potential opportunity for active investors in terms of outguessing the rest of the market as to how the political situation is going to unfold.” After making U-turns twice this month on the issue, the New York Stock Exchange on Wednesday said it will delist three Chinese telecom companies. Since NYSE’s first delisting announcement on Jan 1, Chinese investors have been adamant buyers. Mainland holdings under Connect in China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd, have jumped 37%, 28% and 41%, respectively.[/article]
[article]
North Korea's Kim calls U.S. 'our biggest enemy' in challenge to Biden
By Josh Smith, Cynthia Kim
SEOUL (Reuters) - North Korean leader Kim Jong Un called for more advanced nuclear weapons and said the United States is “our biggest enemy,” state media said on Saturday, presenting a stark challenge to President-elect Joe Biden just days before he takes office.
Washington’s hostile policies would not change regardless of who occupies the White House but dropping those policies would be key to North Korea-U.S. relations, Kim said, according to state news agency KCNA. “Our foreign political activities should be focused and redirected on subduing the U.S., our biggest enemy and main obstacle to our innovated development,” Kim said during nine hours of remarks over several days at a rare party congress in Pyongyang. “No matter who is in power in the U.S., the true nature of the U.S. and its fundamental policies towards North Korea never change,” Kim said, vowing to expand ties with “anti-imperialist, independent forces.”
North Korea would not “misuse” its nuclear weapons, Kim said but the country is expanding its nuclear arsenal, including “preemptive” and “retaliatory” strike capabilities and warheads of varying sizes. Kim called for developing equipment including hypersonic weapons, solid-fuel intercontinental ballistic missiles (ICBMs), spy satellites, and drones. North Korea is preparing for the test and production of various new weapons, including a “multi-warhead rocket” and “supersonic gliding flight warheads for new type ballistic rockets,” while research on a nuclear submarine is nearly complete, he said. “Kim pretty much showed what’s on his mind – submarine missiles, better ICBMs and other advanced arms,” said Yoo Ho-yeol, professor of North Korean studies at Korea University in Seoul. “He is saying that’s basically what Washington will see going forward, which could escalate tension or open doors for talks.” Kim’s remarks were one of the most ambitious outlines of North Korean national defence and nuclear matters in some time, said Ankit Panda, a senior fellow at the U.S.-based Carnegie Endowment for International Peace. “It could presage a return to nuclear testing, which is now on the table given that Kim renounced his April 2018 moratorium,” he said.
There was no immediate comment from the U.S. State Department. A spokesman for the Biden campaign declined to comment. Kim criticised South Korea for offering cooperation in “non-fundamental” areas such as coronavirus aid and tourism, and said Seoul should stop buying arms from and conducting military drills with the United States. South Korea’s Unification Ministry said it still hopes for a better North Korea-U.S. relations, and will continue to pursue the denuclearisation of the Korean peninsula. “The inauguration of the new U.S. administration can be a good opportunity to improve U.S.-North Korea relations, and we expect relations to swiftly resume,” the ministry said in a statement after Kim’s comments were released. Biden, who was vice president under President Barack Obama, called Kim a “thug” during the election campaign. In 2019 North Korea called Biden a “rabid dog” that needed to be “beaten to death with a stick.” Kim had three unprecedented meetings with President Donald Trump and the two corresponded in a series of letters, but those efforts failed to lead to a denuclearisation deal or official change in the countries’ relations.
“North Korea is declaring the window for cooperation is much, much smaller for the Biden administration,” Yoo said. Biden said in October that he would meet Kim only on the condition that North Korea agreed to draw down its nuclear capacity. Last month Kurt Campbell, the top U.S. diplomat for East Asia under Obama and considered a contender for a top Asia policy position under Biden, said the incoming U.S. administration would have to make an early decision on what approach it will take with North Korea and not repeat the delay of the Obama era.
Besides U.S. and defence policy, Kim spoke at greater length on proposals for a five-year economic plan due to be announced at the congress, which he said would continue a focus on building an independent economy. “The basic seeds and themes of the new five-year economic development plan are still self-reliance and self-sufficiency,” he said. Among the plans are building energy-saving steel plants, significantly increasing chemical goods, boosting electricity production, and securing more coal mines, Kim said. The congress took steps toward “strengthening the united guidance and strategic management of the state over the economic work.” North Korea faces growing crises caused by international sanctions over its nuclear programme, as well as self-imposed lockdowns to prevent a coronavirus outbreak. “In practical terms, there’s a disconnect between North Korea’s dire internal economic situation and this ambitious nuclear and military modernisation agenda,” Panda said.
[/article]
The senile old pedo has not even started yet, but what else can you say except in your best american accent - great job joe great job!
Chinese bargain hunters pile into stocks blacklisted by Trump
By Reuters Staff
SHANGHAI (Reuters) - As U.S. investors dump shares in Chinese companies blacklisted by outgoing President Donald Trump, bargain hunters in China are taking the opposite side of that trade, wagering that a Joe Biden presidency will reverse the investment ban. The outgoing U.S. president is considering expanding that blacklist of 35 firms to include Alibaba and Tencent. As U.S. investors rush to sell shares in the sanctioned companies and their subsidiaries before the executive order takes effect on Jan. 11, Chinese investors are swooping in. Since the order was announced, holdings by mainland Chinese in the Hong Kong-listed shares of China Railway Construction Corp (CRCC) and CNOOC Ltd via the China-Hong Kong Connect roughly tripled, according to bourse operator Hong Kong Exchanges and Clearing Ltd. Other blacklisted stocks, including railway equipment maker CRRC Corp, China Communications Construction Co and semiconductor giant SMIC also witnessed heavy money inflows.
Zhu Haifeng, a veteran Chinese retail investor, said he bargain hunted in CNOOC and CRRC, which both had lost as much as 27% since the Trump order. “They are globally-competitive companies, and are China’s ‘name cards’,” said Zhu, who sees limited impact on the companies’ fundamentals from the U.S. sanctions. Wan Chengshui, portfolio manager at Hangzhou-based Golden Eagle Fund Management Co, said he plans to increase his holdings in Tencent, if prices fall further. “Trump politicized everything in the name of national security. When Biden takes office, I think things will take a turn for the better,” said Wan, predicting Trump’s executive order will be nullified, and sanctions against Tencent and Alibaba won’t materialize. Wan is not alone. When Tencent slumped nearly 5% in Hong Kong following news of the potential blacklisting on Thursday, Chinese investors ploughed a net HK$4.6 billion ($593.29 million) into its shares via a cross-border trading channel, making it the most actively-traded stock under the scheme that day. Global index publishers MSCI, FTSE Russell and S&P Dow Jones Index have all scrambled to delete the blacklisted securities from their global benchmarks, forcing passive investors to shed those holdings.
Phillip Wool, head of investment solutions at Rayliant Global Advisors, said investors could find bargains as active investors dump shares to front-run passive outflows. “Non-U.S. investors will look at prices of those stocks falling and, at some point, decide it’s a buying opportunity,” Wool said. Meanwhile, uncertainty lingers around the scope and implications of Trump’s executive order, while the gradual expansion of the list is another guessing game, Wool said. Therefore “there’s also a potential opportunity for active investors in terms of outguessing the rest of the market as to how the political situation is going to unfold.” After making U-turns twice this month on the issue, the New York Stock Exchange on Wednesday said it will delist three Chinese telecom companies. Since NYSE’s first delisting announcement on Jan 1, Chinese investors have been adamant buyers. Mainland holdings under Connect in China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd, have jumped 37%, 28% and 41%, respectively.[/article]
[article]
North Korea's Kim calls U.S. 'our biggest enemy' in challenge to Biden
By Josh Smith, Cynthia Kim
SEOUL (Reuters) - North Korean leader Kim Jong Un called for more advanced nuclear weapons and said the United States is “our biggest enemy,” state media said on Saturday, presenting a stark challenge to President-elect Joe Biden just days before he takes office.
Washington’s hostile policies would not change regardless of who occupies the White House but dropping those policies would be key to North Korea-U.S. relations, Kim said, according to state news agency KCNA. “Our foreign political activities should be focused and redirected on subduing the U.S., our biggest enemy and main obstacle to our innovated development,” Kim said during nine hours of remarks over several days at a rare party congress in Pyongyang. “No matter who is in power in the U.S., the true nature of the U.S. and its fundamental policies towards North Korea never change,” Kim said, vowing to expand ties with “anti-imperialist, independent forces.”
North Korea would not “misuse” its nuclear weapons, Kim said but the country is expanding its nuclear arsenal, including “preemptive” and “retaliatory” strike capabilities and warheads of varying sizes. Kim called for developing equipment including hypersonic weapons, solid-fuel intercontinental ballistic missiles (ICBMs), spy satellites, and drones. North Korea is preparing for the test and production of various new weapons, including a “multi-warhead rocket” and “supersonic gliding flight warheads for new type ballistic rockets,” while research on a nuclear submarine is nearly complete, he said. “Kim pretty much showed what’s on his mind – submarine missiles, better ICBMs and other advanced arms,” said Yoo Ho-yeol, professor of North Korean studies at Korea University in Seoul. “He is saying that’s basically what Washington will see going forward, which could escalate tension or open doors for talks.” Kim’s remarks were one of the most ambitious outlines of North Korean national defence and nuclear matters in some time, said Ankit Panda, a senior fellow at the U.S.-based Carnegie Endowment for International Peace. “It could presage a return to nuclear testing, which is now on the table given that Kim renounced his April 2018 moratorium,” he said.
There was no immediate comment from the U.S. State Department. A spokesman for the Biden campaign declined to comment. Kim criticised South Korea for offering cooperation in “non-fundamental” areas such as coronavirus aid and tourism, and said Seoul should stop buying arms from and conducting military drills with the United States. South Korea’s Unification Ministry said it still hopes for a better North Korea-U.S. relations, and will continue to pursue the denuclearisation of the Korean peninsula. “The inauguration of the new U.S. administration can be a good opportunity to improve U.S.-North Korea relations, and we expect relations to swiftly resume,” the ministry said in a statement after Kim’s comments were released. Biden, who was vice president under President Barack Obama, called Kim a “thug” during the election campaign. In 2019 North Korea called Biden a “rabid dog” that needed to be “beaten to death with a stick.” Kim had three unprecedented meetings with President Donald Trump and the two corresponded in a series of letters, but those efforts failed to lead to a denuclearisation deal or official change in the countries’ relations.
“North Korea is declaring the window for cooperation is much, much smaller for the Biden administration,” Yoo said. Biden said in October that he would meet Kim only on the condition that North Korea agreed to draw down its nuclear capacity. Last month Kurt Campbell, the top U.S. diplomat for East Asia under Obama and considered a contender for a top Asia policy position under Biden, said the incoming U.S. administration would have to make an early decision on what approach it will take with North Korea and not repeat the delay of the Obama era.
Besides U.S. and defence policy, Kim spoke at greater length on proposals for a five-year economic plan due to be announced at the congress, which he said would continue a focus on building an independent economy. “The basic seeds and themes of the new five-year economic development plan are still self-reliance and self-sufficiency,” he said. Among the plans are building energy-saving steel plants, significantly increasing chemical goods, boosting electricity production, and securing more coal mines, Kim said. The congress took steps toward “strengthening the united guidance and strategic management of the state over the economic work.” North Korea faces growing crises caused by international sanctions over its nuclear programme, as well as self-imposed lockdowns to prevent a coronavirus outbreak. “In practical terms, there’s a disconnect between North Korea’s dire internal economic situation and this ambitious nuclear and military modernisation agenda,” Panda said.
[/article]
The senile old pedo has not even started yet, but what else can you say except in your best american accent - great job joe great job!
Big tech got spooked this week because the Democrats won the senate and it's concerned about increased regulation restricting its powers. There is particular concern that the Democrats will enact laws around internet privacy (similar to data protection laws in the EU), and potentially repeal laws which protect companies like Facebook and Twitter from accepting liability for their users' posts. Facebook is down for the week, too.
You can't be serious lols
Yeah a massive shame. The important point to note is an american tech company that wants to provide services to other businesses will now have to convince them that they are not woke, and that they will not revoke those services overnight because of someone saying negrito or something. The answer is now more likely to be, yeah, I think I'll take my business elsewhere but thanks for your time.
True, but they shouldn't sign a long-term contract, because soon the CCP will have reverse engineered amazon web services server tech, all their clever energy consumptions optimisation routines and source codes, and have a dirt cheap alternative ready to go. Even if that energy is supplied by the combustion of uyghurs, people gotta tweet.
Twitter is up and down 10%(and more) every other week.
Like it or hate it.. Dantes is right on this one.
Ever since they mentioned they might permanently ban trump, Twitter's stocks have been volatile.
Interesting that Parler has now been banned from Google, Apple and will be removed from AWS from midnight Pacific time tonight.
I can only imagine the fume on there today. The racists are being driven more and more underground. Which I'm undecided whether it's a good or bad thing.
Over the last 8 years, it's been up or down by that or more in 14% of the weeks. You can check these things, then make your investment decisions based on them with more accuracy.
Basically since they started fact checking trump's election fraud tweets, they've been heading down. They've been down four consecutives weeks in a row, which hasn't happened since the coronavirus crash (which the ungrateful bastards have trump to thank for recovering from it).
You're not comparing apples. You picked the highest point on a day of your choosing and compared it to the lowest point af few days later, and then have compared that to historical WoW movements. It's possible that Twitter will end up down 10%, but it's moved this much before, for no real reason. We'll know if this I an actual related movement in a few more days.
The 10% was by me looking at the chart and eyeballing it, as it is just a line, you don't match up the price at 8:30am and 4:30pm which ultimately don't mean that much since the markets trade after hours these days.
You can look at how twitter moves relative to the market to get more insight. 60% of days twitter moves in the same direction as the market historically. Since election day that has fallen to 50%. And 55% of those times is where the decoupling has been twitter falling and the market rising. If you just plot the price of twitter divided by the price of the s&p, that ratio over time, then you don't need numbers, you can see the line. It generally trends up which means twitter outperformed the market, except on two occasions where it drops an abnormal amount. The two times twitter has underperformed against the market were just before the election, and now.
They don’t need to, already have tencent and Alibaba which are huge. GCP and AWS are heavily restricted usage within China anyway.
Big Tech just has to remind the Democrats that part of the reason they're in a position of power is the suppression of the Hunter Biden story as well as the spreading of the propaganda that the story was all Russian disinformation.
And that they can remove them all from Twitter if they don't play ball.
Oh so now we're being objective?
Yes, twitter is left. It's banned right wing people before, and in particular those who invite violence. There's arguments it allows the left to continue to incite violence but I don't have examples. I know certainly Hopkins was banned for being an utter moron so there is that.
Their argument, and everyone else, is they banned him cos he's incited violence. So, where do you draw the censorship line?
There's clear hypocrisy with the freedom of speech from a bundle of angles.
The freedom to speak my version of truth, not yours.
It's both good and bad.
The bitterness is going into overdrive on Parler now and feel (justifiably) that they're being targeted. You can't keep thesr down forever. There's no one to talk sense into them and they're all stuck in their own little QAnon universe.
But appeasement is not an appropriate response to treason either. It didn't work for Hitler and it won't work for Trump.
The good thing is most of them are so extreme and deluded it won't be long before they turn on each other, or die from despair.
A good number are expecting Trump to turn up on the 20 Jan with the Military in tow like Sansa Stark and their reasoning is that it will happen because its God will. I'm guessing this is what an Al Qaeda cell sounds like, so we're all in for a shit time
He didn't incite violence, I dare you to find the evidence of him inciting violence. Go ahead. I'll wait. All his speeches and statements are on the internet. When you're done realising that he literally called for peace, you might come around to the viewpoint that it is this type of outright lying that is going to lead to lots of twitter employees and democrats heads' moving back and to the left.
This’ll get you started :
https://www.google.com.au/amp/s/www...6029/trump-violence-tweets-racist-hate-speech
Then you can have a look at the definition of “stochastic terrorism” - see how that brings it all together.
I mean, you worship him like a god of some sort - so I expect you’ll pretend this is all nonsense - but Trump knows exactly what he’s doing - he just sociopathic enough to not care.
You can follow the trail from when he was talking about how people should be punched next the face for protesting against him at his rally’s, his refusal to condemn violent right-wing groups and their actions, etc, etc.
Even Trump’s not dumb enough to explicitly say “start a riot for me” - that’s what he’s got his mate Rudi for - but I don’t know what sort of shape you’d have to contort yourself into to actually think he’s been calling for peace all this time.
I'm down to 2016, and no statements inciting violence. I'm not going to waste time reading the rest, unless you can narrow it down?
I watched his speech before the march on Capitol Hill.
I'll say this. He's a very very good speaker and a very smart salesman. Sometimes you don't have to directly tell people to do things, you just have to put the idea in their heads, choose the right words, and bring being them to a place where their energy and emotion makes them do exactly what you want.
When he said those words, and he told them to march, you knew that shit was going to happen, and so did he.
He also got a few idiots (including his son) to say the really nasty stuff for him. The fact he didn't join in the march (which he promised to) and blocked the national guard is enough for me.
I'll say this. He's a very very good speaker and a very smart salesman. Sometimes you don't have to directly tell people to do things, you just have to put the idea in their heads, choose the right words, and bring being them to a place where their energy and emotion makes them do exactly what you want.
When he said those words, and he told them to march, you knew that shit was going to happen, and so did he.
He also got a few idiots (including his son) to say the really nasty stuff for him. The fact he didn't join in the march (which he promised to) and blocked the national guard is enough for me.
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