Radio Free Mobile is taking a short break and will return on July 25th.
A big discount is on the cards. Although I think that Twitter may very well win its court case against Mr Musk, enforcing the ruling will be almost impossible which is likely to force it back to the negotiating table meaning a lower price or a much lower break-up fee. Ever since the beginning of this entertaining episode, I have...
The turnaround begins. Peloton has fired the starter’s gun on its turnaround by announcing its exit from making fitness equipment but the tepid reaction of the share price indicates just how much negative sentiment surrounds this company. Peloton is exiting from hardware in a move that had to happen as the hardware model has never worked (see here) and now...
Google Play: The slippery slope. Google has announced a countersuit against Match Group as the concessions that it originally made clearly do not go far enough, underlining just what a slippery slope the app store business model is on. The suit is in response to a lawsuit from Match Group claiming that it is now Google’s “hostage” and that the...
Musk and the board swap places. Mr Musk is seeking to kill his deal to acquire Twitter after realising that Twitter is greatly overvalued at $54.20 per share which is what anyone with a brain and a spreadsheet could have (and in a few cases did) told him long before the deal was even announced. This was uncharacteristically announced in...
The pie has crashed back to earth. Another autonomous driving upstart is cutting back staff in order to preserve dwindling cash as revenues remain years away and current conditions will make it very difficult to raise anymore. This will exacerbate and accelerate the consolidation of the autonomous driving sector which I think has a bright future but still has far...
Samsung triggers a relief rally. Samsung reported results that broadly met expectations and I suspect that Samsung will be taking share in the coming quarters which would begin to explain the discrepancy between these numbers and Micron’s guidance. The semiconductor sector in Asia rallied strongly indicating that it has been short-term oversold on fears of a looming recession. Samsung expects...
Things look much better for Alibaba. While demand is softening all over the world, Alibaba has pretty much priced in a pessimistic outlook but is starting to see a turn in sentiment while Amazon’s valuation remains very high and all the signs are pointing towards worse to come. At its Q1 2022 results, Amazon admitted that it had overbuilt capacity...
I don’t think Geely is interested in smartphones. Chinese car maker Geely has acquired a majority stake in Chinese smartphone maker, Meizu, not to become a powerhouse in smartphones but to have control of the Android-based operating system that Meizu has developed and to use it in its vehicles. Meizu is a smartphone maker that has been majority-owned by Alibaba...
Richard is founder, owner of research company, Radio Free Mobile. He has 16 years of experience working in sell side equity research. During his 11 year tenure at Nomura Securities, he focused on the equity coverage of the Global Technology sector.
Snap & Twitter – Snap to reality
Snap Q2 2022: Out of road. Snap’s growth has ground to a halt as a result of the recession and greater competition meaning that the focus needs to be on what this company is worth now rather than some pipe dream in the future. Q2 2022 revenues / Adj-EPS were $1.11bn / LOSS$0.02 broadly in line with consensus but the...