Wednesday, November 25, 2020

The Update Issue: Apple Cuts Prices, Spotify Doubles Down, More on Celebrity Booze

By Berna Barshay

Apple (AAPL) threw a bone to developers who were annoyed with its 30% revenue share on App Store sales… Last Wednesday, Apple announced the App Store Small Business Program, which will cut fees on paid apps and in-app purchases sold through the App Store for any developer that earns less than $1 million annually from […]
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Kyle Bass's Texas Feud Spotlights Short-Selling Tactics; COVID-19 analysis of the Dakotas and New Mexico; Pandemic may be declining in Europe; Our backwards approach to lockdowns

By Whitney Tilson

Whitney Tilson's Daily,
Wednesday, November 25, 2020
1) I’ve been writing frequently about activist short-sellers, in part because I think they’re healthy for our markets, and because I want to warn my readers about stocks that could blow up in their faces. I also have a great deal of respect for these folks. What they do is extremely hard and dangerous, not […]

How a 'Free' Game Just Quadrupled One Video-Game Developer's Revenues

By Alex Griese

Empire Financial Daily,
Tuesday, November 24, 2020
► Despite a relaxation of COVID-19-related restrictions over the summer, one at-home stock just reported record results in the third quarter… In its latest earnings release, video-game maker Activision Blizzard (ATVI) noted that net revenues and earnings per share were up more than 50% and 200% year over year, respectively. In particular, the company’s Activision […]

Electric vehicle stocks are up big; Bank Stocks Already Had a Wild 2020. Then November Got Even Crazier; Lunch with Bill Ackman; COVID Alert app

By Whitney Tilson

Whitney Tilson's Daily,
Tuesday, November 24, 2020
1) I’m incredibly bullish on how rapidly I think we (and the rest of the world) will adopt electric vehicles (“EVs”) – for reasons I outline in this video, which I first released in April. Anyone who listened to me back then and bought pretty much any stock in the sector has made a fortune, […]

Retail's Blowout Quarter

By Berna Barshay

Empire Financial Daily,
Monday, November 23, 2020
► Last week, we got a slew of retail earnings… and most companies beat on at least a few key metrics, if not all of them. Most of the retailers that reported third-quarter earnings last week beat estimates for revenue, same-store sales growth, and earnings. Additionally, growth in sales led to expanding margins as companies […]

GSX Techedu tumbles; 'SOLO is a COMPETE JOKE'; 1 America, 1 Pandemic, 2 Realities

By Whitney Tilson

Whitney Tilson's Daily,
Monday, November 23, 2020
1) In Friday’s e-mail, I wrote: “As punishment for the outrageously high number of Chinese firms that have listed on U.S. exchanges and turned out to be total frauds, I would simply ban all of them.” It would be hard to find a better current example than Chinese online-education provider GSX Techedu (GSX), which famed […]
Whitney Tilson
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About Whitney Tilson

Prior to creating Empire Financial Research, Whitney Tilson founded and ran Kase Capital Management, which managed three value-oriented hedge funds and two mutual funds. Starting out of his bedroom with only $1 million, Tilson grew assets under management to nearly $200 million.

Tilson graduated magna cum laude from Harvard College with a bachelor’s degree in government in 1989. After college, he helped Wendy Kopp launch Teach for America and then spent two years as a consultant at the Boston Consulting Group. He earned his MBA from Harvard Business School in 1994, where he graduated in the top 5% of his class and was named a Baker Scholar.

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