Diamonds and Dogs
Elon Mush floats idea to starting one parent company to hold Tesla (TSLA), SpaceX, Boring and Neuralink. Elon Musk is the CEO of multiple companies. One thing all of these companies have in common is the desire to solve problems humans are or will soon face and let everyone look forward to a brighter future. While Tesla is public, the other companies remain privately held. SpaceX has talked about spinning off Starlink into an IPO. Starlink is currently launching a satellite-based internet solution that aims to service the internet to rural customers or those out of reach of land-based internet connections. The Boring Company looks to dig tunnels underground to alleviate traffic congestion.
Alibaba Group Holding (BABA) suffers a historic selloff. Alibaba closed down 13% at a six-month low after Chinese regulators launched an antitrust investigation into the e-commerce giant. The 13% decline was the biggest one-day decline since going public in September 2014, breaking the previous record drop of 8.8% on Jan. 29, 2015.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.