Month: March 2023
Groupon, Which Has Lost 99.4% of Its Value Since Its IPO, Names a New CEO
An anonymous reader shares a report: A dozen years ago, Groupon shot to fame popularizing the online group buying format, confidently rejecting a $6 billion acquisition offer from Google and instead going public with a $17.8 billion market cap. The company today says it has 14 million active users, but almost consistently for the last decade, its financial position has been in a slow decline — with stagnation in its core business model, little success in efforts to diversify, declining revenues and ongoing losses. And today comes the latest chapter in that story. The Chicago-based company, which today has a market cap of just $103 million (a drop of 99.4% from its public market debut), has appointed Dusan Senkypl, a current board member, as interim CEO. Senkypl will run the company… out of the Czech Republic. His appointment is effective immediately, the company said in a statement today. He replaces Kedar Deshpande, who had been Groupon’s CEO for just 15 months.
Read more of this story at Slashdot.
An anonymous reader shares a report: A dozen years ago, Groupon shot to fame popularizing the online group buying format, confidently rejecting a $6 billion acquisition offer from Google and instead going public with a $17.8 billion market cap. The company today says it has 14 million active users, but almost consistently for the last decade, its financial position has been in a slow decline — with stagnation in its core business model, little success in efforts to diversify, declining revenues and ongoing losses. And today comes the latest chapter in that story. The Chicago-based company, which today has a market cap of just $103 million (a drop of 99.4% from its public market debut), has appointed Dusan Senkypl, a current board member, as interim CEO. Senkypl will run the company… out of the Czech Republic. His appointment is effective immediately, the company said in a statement today. He replaces Kedar Deshpande, who had been Groupon’s CEO for just 15 months.
Read more of this story at Slashdot.
Bittrex shuts down US crypto exchange amid regulatory crackdown on crypto industry
Bittrex crypto exchange is the latest casualty of the ongoing chaos in the crypto industry. Today, Bittrex announced its shutting down its US-based crypto exchange due to “regulatory uncertainty.” The company said on Friday that it would wind down its
Bittrex crypto exchange is the latest casualty of the ongoing chaos in the crypto industry. Today, Bittrex announced its shutting down its US-based crypto exchange due to “regulatory uncertainty.” The company said on Friday that it would wind down its […]
Senate bill seeks to break up Google and Meta ad businesses
The US government might not lean solely on lawsuits to limit online ad monopolies. A bipartisan group of senators has introduced the AMERICA Act (Advertising Middlemen Endangering Rigorous Internet Competition Accountability — yes, it’s overwrought) with the intention of breaking up the ad businesses of tech giants like Google and Meta.
Large digital ad firms (those handling more than $20 billion in transactions) wouldn’t be allowed to own both an ad exchange as well as either a demand- or supply-side platform. A supply-side platform owner couldn’t own a demand-side system (and vice versa), while those buying and selling ads couldn’t own either of the other platforms except to sell their own ad stock.
Companies that are medium-sized or larger (those handling over $5 billion in transactions) would also have to make the “best execution” for ad bids rather than deliberately holding back to serve their own operations. They need to be transparent and provide fair access to technical capabilities and data. If they do run businesses on two sides of the market, they have to establish “firewalls” to minimize abuse and conflicts of interest.
The bill is sponsored by a seemingly unlikely mix of senators that includes Mike Lee, Amy Klobuchar, Ted Cruz and Elizabeth Warren, among others. They aren’t subtle about the ultimate goal: they expect Google and Meta to divest “significant portions” of their ad businesses to comply with the would-be law. Amazon and Apple might also have to take the AMERICA Act into account, the politicians say.
The sponsors single out Google as the bill’s main target. As with lawsuits from the Justice Department and multiple states, the measure’s creators accuse Google of manipulating the ad market in ways that unfairly disadvantage competitors. Google’s control over a wide portion of the advertising system allegedly lets it charge “monopoly rents” across much of the internet.
We’ve asked Google and Meta for comment. They’ve previously fought bills and lawsuits meant to restrict their ad operations.
If the AMERICA Act passes, it would deal a significant financial blow. Google and Meta still rely on ad sales as their main sources of revenue, and in some cases use it to prop up other projects. Meta is sinking billions into its metaverse ambitions, as an example. While there’s no way of knowing just how much revenue these companies would lose through divestments, they might have to rethink their broader strategies.This article originally appeared on Engadget at https://www.engadget.com/senate-bill-seeks-to-break-up-google-and-meta-ad-businesses-211308768.html?src=rss
The US government might not lean solely on lawsuits to limit online ad monopolies. A bipartisan group of senators has introduced the AMERICA Act (Advertising Middlemen Endangering Rigorous Internet Competition Accountability — yes, it’s overwrought) with the intention of breaking up the ad businesses of tech giants like Google and Meta.
Large digital ad firms (those handling more than $20 billion in transactions) wouldn’t be allowed to own both an ad exchange as well as either a demand- or supply-side platform. A supply-side platform owner couldn’t own a demand-side system (and vice versa), while those buying and selling ads couldn’t own either of the other platforms except to sell their own ad stock.
Companies that are medium-sized or larger (those handling over $5 billion in transactions) would also have to make the “best execution” for ad bids rather than deliberately holding back to serve their own operations. They need to be transparent and provide fair access to technical capabilities and data. If they do run businesses on two sides of the market, they have to establish “firewalls” to minimize abuse and conflicts of interest.
The bill is sponsored by a seemingly unlikely mix of senators that includes Mike Lee, Amy Klobuchar, Ted Cruz and Elizabeth Warren, among others. They aren’t subtle about the ultimate goal: they expect Google and Meta to divest “significant portions” of their ad businesses to comply with the would-be law. Amazon and Apple might also have to take the AMERICA Act into account, the politicians say.
The sponsors single out Google as the bill’s main target. As with lawsuits from the Justice Department and multiple states, the measure’s creators accuse Google of manipulating the ad market in ways that unfairly disadvantage competitors. Google’s control over a wide portion of the advertising system allegedly lets it charge “monopoly rents” across much of the internet.
We’ve asked Google and Meta for comment. They’ve previously fought bills and lawsuits meant to restrict their ad operations.
If the AMERICA Act passes, it would deal a significant financial blow. Google and Meta still rely on ad sales as their main sources of revenue, and in some cases use it to prop up other projects. Meta is sinking billions into its metaverse ambitions, as an example. While there’s no way of knowing just how much revenue these companies would lose through divestments, they might have to rethink their broader strategies.
This article originally appeared on Engadget at https://www.engadget.com/senate-bill-seeks-to-break-up-google-and-meta-ad-businesses-211308768.html?src=rss
Fox News Suffers Major Setback in Its Defamation Case
The judge said the case would still need to proceed to trial, for a jury to weigh whether Fox News spread false claims about Dominion Voting Systems, and to determine any damages.
The judge said the case would still need to proceed to trial, for a jury to weigh whether Fox News spread false claims about Dominion Voting Systems, and to determine any damages.
Marvel’s Secret Invasion series actually sounds kind of fascinating
Samuel L. Jackson as Nick Fury. | Image: Marvel Studios
Occasionally, people will (incorrectly) insist that Marvel’s comics and the cinematic stories inspired by them would be better off if they were somehow devoid of any political themes or ideas. But in a recent interview with Vanity Fair, Secret Invasion executive producer Jonathan Schwartz likened the series to John le Carré’s classic Cold War-era spy thrillers and pointed to more recent shows, like FX’s The Americans and Showtime’s Homeland, as sources of inspiration.
“We often see Nick Fury doing the right thing,” Schwartz said. “We don’t always see him doing it in a perfectly morally correct way. All of those things have ramifications. Without getting too specific, the things that Nick Fury’s had to do to protect the Earth have costs.”
Set some time after Avengers: Endgame, Secret Invasion tells the story of how Nick Fury (Samuel L. Jackson) finally comes out of hiding to deal with a long-simmering issue involving the shape-shifting Skrull refugees first introduced in 2019’s Captain Marvel. When last we saw the Skrulls in Spider-Man: Far From Home, many of them, like Talos (Ben Mendelsohn), were still willingly living as humans and working as secret agents for Fury as he worked to find them a suitable new homeworld somewhere off in space. According to Jackson, though, Fury’s inability to make good on his word is a big part of what sets Secret Invasion in motion, and the series will focus on what happens when some of the aliens decide to take matters into their own hands.
“Nick had a whole Skrull spy network because they could shape-shift and go places that people couldn’t go,” Jackson said. “They kept their word. They worked for him, but he hasn’t done what he said he was going to do. They want a home. They want to live. They want to live like they are. They want to live in their skin. They don’t want to live in ours.”
Jackson said that the uneasiness of not knowing “who’s a friend, who’s the enemy” is what animates Secret Invasion and described the show as tapping into our own current political moment by asking, “What happens when people get afraid and don’t understand other people?”
Obviously, Fury will have more than enough reason not to trust Secret Invasion’s core antagonist Gravik (Kingsley Ben-Adir), the Skrull separatist who leads the charge to infiltrate the world’s governments by posing as ordinary humans. But the story’s likely going to be much more complicated when it comes to Gravik’s fellow separatist G’iah (Emilia Clarke), who also happens to be Talos’ estranged daughter.
“There’s a kind of punk feeling that you get from this girl,” Clarke said. “She’s a refugee kid who’s had Talos for a dad, you know what I mean? Maybe the fact that we didn’t know he had a kid up until this point tells you everything you need to know about their relationship.”
In the past, Marvel’s reluctance to really spend time digging into the ramifications of things like the Skrulls’ displacement in Captain Marvel has had a way of making the movies’ attempts at political commentary feel rather flat, which might have been the point. But Secret Invasion sounds very interested in both picking up on those threads and really tugging on them with some intention, and that might just be what it takes to make the series land with some heft when it premieres on June 21st.
Samuel L. Jackson as Nick Fury. | Image: Marvel Studios
Occasionally, people will (incorrectly) insist that Marvel’s comics and the cinematic stories inspired by them would be better off if they were somehow devoid of any political themes or ideas. But in a recent interview with Vanity Fair, Secret Invasion executive producer Jonathan Schwartz likened the series to John le Carré’s classic Cold War-era spy thrillers and pointed to more recent shows, like FX’s The Americans and Showtime’s Homeland, as sources of inspiration.
“We often see Nick Fury doing the right thing,” Schwartz said. “We don’t always see him doing it in a perfectly morally correct way. All of those things have ramifications. Without getting too specific, the things that Nick Fury’s had to do to protect the Earth have costs.”
Set some time after Avengers: Endgame, Secret Invasion tells the story of how Nick Fury (Samuel L. Jackson) finally comes out of hiding to deal with a long-simmering issue involving the shape-shifting Skrull refugees first introduced in 2019’s Captain Marvel. When last we saw the Skrulls in Spider-Man: Far From Home, many of them, like Talos (Ben Mendelsohn), were still willingly living as humans and working as secret agents for Fury as he worked to find them a suitable new homeworld somewhere off in space. According to Jackson, though, Fury’s inability to make good on his word is a big part of what sets Secret Invasion in motion, and the series will focus on what happens when some of the aliens decide to take matters into their own hands.
“Nick had a whole Skrull spy network because they could shape-shift and go places that people couldn’t go,” Jackson said. “They kept their word. They worked for him, but he hasn’t done what he said he was going to do. They want a home. They want to live. They want to live like they are. They want to live in their skin. They don’t want to live in ours.”
Jackson said that the uneasiness of not knowing “who’s a friend, who’s the enemy” is what animates Secret Invasion and described the show as tapping into our own current political moment by asking, “What happens when people get afraid and don’t understand other people?”
Obviously, Fury will have more than enough reason not to trust Secret Invasion’s core antagonist Gravik (Kingsley Ben-Adir), the Skrull separatist who leads the charge to infiltrate the world’s governments by posing as ordinary humans. But the story’s likely going to be much more complicated when it comes to Gravik’s fellow separatist G’iah (Emilia Clarke), who also happens to be Talos’ estranged daughter.
“There’s a kind of punk feeling that you get from this girl,” Clarke said. “She’s a refugee kid who’s had Talos for a dad, you know what I mean? Maybe the fact that we didn’t know he had a kid up until this point tells you everything you need to know about their relationship.”
In the past, Marvel’s reluctance to really spend time digging into the ramifications of things like the Skrulls’ displacement in Captain Marvel has had a way of making the movies’ attempts at political commentary feel rather flat, which might have been the point. But Secret Invasion sounds very interested in both picking up on those threads and really tugging on them with some intention, and that might just be what it takes to make the series land with some heft when it premieres on June 21st.
Algorithmic Trading Revolutionizes Stock Market Trading in India
Many investors and traders choose stocks as the financial instrument to trade with due to the high-profit potential available. During this trading experience, one must stay aware of the market changes. Like the rise or fall of stock value. Thus, it is important to focus on various factors of algorithmic trading, many of which can
The post Algorithmic Trading Revolutionizes Stock Market Trading in India appeared first on ReadWrite.
Many investors and traders choose stocks as the financial instrument to trade with due to the high-profit potential available. During this trading experience, one must stay aware of the market changes. Like the rise or fall of stock value. Thus, it is important to focus on various factors of algorithmic trading, many of which can change without notice.
For example, customer interest in a company and its services can drop due to many complaints about a product range or other external causes. That can cause a drop in the stock value of the business, causing the stockholders to lose money as their stocks decline in the market. Indeed, the stock market is relatively volatile, so these trades have high risks.
With automated Algorithmic trading solutions like the Options Trading App, the technologies and algorithms in these solutions track, analyze, and predict market changes. Using the algo trading software has many benefits, especially in improving the stock market trading- all are discussed here.
What Does Algo Trading Mean?
Algo trading or Algorithmic trading is the type of process that executes orders as per preset trading instructions to get real-time trading variables, like volume, timing, and cost. The algorithms are sets of directions and complex formulas that allow traders to make financial decisions, like buying or selling stocks/options.
This trading approach involves the usage of computers and programs to measure and execute huge trades using technological software. Overall, the apps and tools with algorithms configured for evaluating the stock and options trading market can quickly track and gather insights.
The software acquires, tracks, measures, and generates reports automatically at prescribed timings. Therefore, these solutions remove the issue of human error during trading practices. Given that, Algo trading as a practice is one of the best Options Trading Strategies to utilize long-term.
Algo Trading Usage in India Now
In India, Algo trading is not a very recent concept, as it was introduced in 2008. Now, it falls under the Securities and Exchange Board of India (SEBI) regulation.
Initially, Direct Market Access (DMA) adopted algorithms mainly for institutional investing. Seeing better execution capacity and cost-saving benefits, traders started using this technique for trading, like Time-Based Options Trading Strategies.
Regarding the exchange market, brokerages started leasing out the co-location server “racks” to broking firms. For this, brokers started adopting Algo trading practices to increase for automating this process, thereby expanding to global markets and increasing the trading speed.
Currently, many top brokerages and stock exchanges utilize DMA software like Options Trading Apps for syncing the systems for the stock trading exchange. In India, Algo trading is advanced, with many businesses focusing on these practices to improve their finances.
Advantages of Algorithm Trading
Companies and experts in India who go for Algorithmic trading initiatives, like using automated options trading platforms like SpeedBot, notice many benefits. The following are some of the best common benefits of pursuing Algo trading.
Increased Trade Analysis Speed
The Algo trading apps have pre-composed algorithms that run the planned guidelines as prescribed. So, unlike manual processing for trades, using the Algo trading solutions will assure you a faster speed for different functions like market analysis, volatility tracking, profit/loss measurement, etc.
HFT Usage
Users opting for Algo trading can utilize the HFT methodology or high-frequency trading. It involves using strong computer programs that follow preset rules to execute large trade volumes. Since advanced algorithms are used, the transactions occur at severely high speed.
Precise Insights
The Algo trading solutions automatically run the values gathered during the analysis through advanced calculations. The software gathers real-time insights about stocks, options, or the instruments one is trading with.
If users calculate all values manually, where mistakes are possible if the person misses a value, makes the wrong calculation, etc. On the other hand, during Algorithmic trading, the computer instantly calculates the results, and the outcomes are more precise.
Time and Cost-Saving
When traders manually trade their assets. They have to constantly keep track of the exchange valuations and market fluctuations for their business sector. This type of constant supervision is not simple to handle since one still needs to focus on other tasks, like business projects, other trades, etc.
On the other hand, the Algo trading software types can consistently track market fluctuations, prepare profit and loss predictions, and more. So, you can focus on other tasks while your assets mature, thereby getting income from both directions.
Ability to Back-Test
Trading experts benefit when they take the time to analyze and predict the performance of a trading model/strategy’s performance after deployment. This process is known as back-testing, and traders use the method to use historical data to measure the profit/loss expectancy, i.e., the total sum the broker can lose or win for each unit of risk.
Based on the results from the back-testing process. Traders can continue with a trading plan or close the account to avoid potentially big losses. This is a major benefit for users of Algo trading apps for back-testing their trading initiatives by comparing historical data with more recent market data.
Handle Diverse Traders
With Algo trading solutions, the users can create and handle many accounts for exchange or use multiple techniques simultaneously. It is easier to manage them all through the interface and carry out other tasks like order production.
What Will Algorithmic Trading Revolutionize and Improve Stock Market Trading in India?
Without a doubt, Algo trading (based in India) is useful for many users who want simple, fast, and progressive trading solutions. With these programs, most of the trade management and monitoring processes become more systematic, efficient, and precise. Given the lack of human errors or emotion-based trade decisions.
So, the future of Algo trading is expected to evolve and benefit the extent of the stock market as it grows alongside it. Currently, Algo trading accounts for 60-70% of daily turnover in Indian markets.
This is expected to grow with time as traders in different stock market divisions start adopting more Algo trading platforms and tools.
Select the Correct Algo Trading Platform
To properly benefit from the uses of Algo trading practices. Traders need to adopt the right type of platform for it. So, one must check the accountability of the platform. They are considering using for Algo trading to avoid service quality issues.
Indeed, you should study the different service providers and Algo trading platforms available online, their features, and their usage quality. Also, check the type of services the platform offers users. The range of exchanges traders can participate in and additional customer support service quality. Based on all these evaluations, one can choose the right tool for Algo trading practices.
Conclusion
To sum up, Algo trading as a practice has existed in India for some time. Albeit in other capacities at the beginning. Given the diverse benefits available through this approach, many traders are adopting these platforms for Algo trading and other trade initiatives.
Thus, the trade markets in India, like the stock market, will improve and modernize with this adoption in the upcoming future.
Featured Image Credit: Photo by Tima Miroshnichenko; Pexels; Thank you!
The post Algorithmic Trading Revolutionizes Stock Market Trading in India appeared first on ReadWrite.
‘The Power’ – Everything you need to know
Toni Collette, John Leguizamo, Naomi Alderman and the cast of The Power give us all the backstory we need before diving in to the new series, streaming on Prime Video March 31st.
Toni Collette, John Leguizamo, Naomi Alderman and the cast of The Power give us all the backstory we need before diving in to the new series, streaming on Prime Video March 31st.