The Daily Leo #319 - Netflix still look overvalued, Litecoin and XRP will lead
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Netflix still looks overvalued
Netflix has been struggling recently as it has faced many difficulties in lowering operating margins and increasing revenue. The company is implementing new measures to try and turn things around, but their effectiveness is highly questionable.
One example is their new shared password policy which may boost short-term revenue but does very little to address the real problems the company has been facing.
According to David Trainer, Netflix's stock which is currently trading at around $440 per share remains highly overpriced and should trade closer to...
What To Look At During Earnings Season
Every quarter publicly traded companies report earnings and there are many details investors look at during earnings season. It's unquestionable that earning reports are very important in the decision-making process when it comes to picking stocks however, one thing that should be noted is that there are some very important things that investors should look for that can't be found in earning reports.
The list includes aspects such as...
Shareholders Sue Marathon Digital CEO and Executives
Marathon Digital, a crypto mining company, is facing legal action as its shareholders accuse CEO Fred Thiel and other top executives of breaching fiduciary duties, enriching themselves unfairly, and misusing corporate assets.
The lawsuit includes five claims, including violations of the U.S. Securities Exchange Act, breach of fiduciary duties, unjust enrichment, and misappropriation of corporate assets.
Furthermore, the shareholders aim to...
During this so-called crypto winter, investors saw many blockchain-related assets lose a lot of their value and the trend was not different with NFTs.
Non-fungible tokens were widely popular among crypto investors during the last bull market and many of them were valued in millions of dollars but after the general crash in the crypto market, they lost most of their value.
A prime example of that is Jack Dorsey's famous first tweet that was turned into an NFT. Initially auctioned off for $2.9 million, the current highest bid for it is only...
Litecoin & XRP Will Lead, While Bitcoin & Ethereum Lag
It's not usual for Litecoin and XRP to lead the crypto market recovery but, according to analysts, that may happen, while the two giants, BTC and ETH, could be lagging behind the alts.
To better understand the reasons for that possible scenario, first, one needs to understand a tool known as the Parabolic SAR.
Why Nigerians Need Crypto Not Dollars
In this great article published on LeoFinance, author @mistakili talks about how people in Nigeria are facing a struggling economy as the Naira has been eroded by inflation.
He also adds that not even those earning US dollars are safe from the combined effects of inflation and a declining economy and that he sees crypto as a viable alternative.
One of the recent hot topics in the LeoFinance community is the planned incentives for authors to write evergreen content that could continue earning rewards indefinitely.
Jongo, aka @jongolson, a LeoFinance author with over a decade of experience in digital marketing, shares his opinion and excitement about the recent news concerning evergreen content and LeoFinance.
LeoFinance is a blockchain-based social media platform for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
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Posted Using LeoFinance Alpha
blockchain is for the long run