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Great point. Marketing and name recognition.
to get an idea of the potential here, check out Tilray's 6 month chart
Good points. Legalization is a coming catalyst.
Plenty of upside potential here.
Great post!
Sounds like Fake News
On the streaming side, 50 million subs seems like a solid number. But, China has around 250 million and growing internet households. So, iQiyi has an internet household penetration rate of just 20% in China.
By comparison, Netflix has nearly 60 million subs in the U.S. in a market where there are about 120 million internet households, meaning Netflix has a 50% internet household penetration rate in the U.S.
From that perspective, assuming iQiyi remains the dominant paid streaming platform in China, there is runway for this company to more than double its subscriber base to 125 million plus over the next several years.
Good points made on that Fast Money segment.
Is iQiyi the Next Netflix?
The clearly bullish implication from that comparison is that IQ could have huge upside ahead. After all, the market in retrospect badly underpriced Netflix’s users in 2014.
NFLX stock has risen about eight-fold since the end of that year. And at the moment, the market appears to be undervaluing iQiyi’s users. Each Netflix user (worldwide) is worth about $1,280 based on the current market cap; the figure for IQ is just $390.
So if an investor assumes that iQiyi can grow its streaming at a similar rate as did Netflix, and that the per-user value will grow to even half that of Netflix, there’s big upside here. That model would value iQiyi at over $100 billion and IQ stock at roughly $130 per ADS, quadruple current levels. Discounted back at 10%, IQ right now should be worth about $66, double its share price.
They are not concerned about kids unless they are from another country.
Its stocks like this where the next crop of Millionaires will come from
Canadian lawmakers on Monday voted to legalize recreational marijuana nationwide.
The House of Commons voted 205-82 to accept some of the Senate's proposed amendments on the bill, sending the bill back to the upper chamber for continued debate and a final decision.
The bill would lift a 95-year-old ban on recreational marijuana, and sets the government up to regulate production, possession and sale of marijuana to Canadians
POTN and most Cannabis stocks will continue to rise. The rallies are just beginning.
Looks like it could hit 50 before July
This baby is only in its beginning stages
Great video. Thanks for posting. I need to buy more of this stock!
Audit?
“We are pleased to report a set of solid results for the first quarter of 2018,” commented Dr. Yu Gong, Founder and Chief Executive Officer of iQIYI. “Both of our major business pillars, advertising services and membership services, generated significant growth driven by our premium content, especially a series of successful self-produced variety shows launched during the quarter. Our recent IPO positions us well for the exciting future ahead as iQIYI now enjoys higher brand recognition with increasingly more partners and artists around the world seeking to collaborate with us. Going forward, we will continue to strategically allocate our resources and bandwidth to original content production and technology innovation as we aspire to become a technology-based entertainment giant.”
“Our strong first quarter performance was marked by a 57% year-over-year growth in total revenues, and better-than-expected improvement on our bottom line,” commented Xiaodong Wang, Chief Financial Officer of iQIYI. “The financial results reflect enhanced monetization and operating efficiency across our various business lines during the quarter. With the capital raised via our IPO, we are more confident than ever to capture the tremendous opportunities in the fast-growing entertainment industry and deliver long-term value to our shareholders. ”
We broke 19. This is starting to move.
Going back up
Good article. I'm going to buy more when I get a little extra.
Should be a good one to hold long.
Yep, I received a tip on this the night before the IPO so I only had limited funds. Will be transferring more cash to be as much as I can.
China's version of Netflix. IPO'd today. Thought I'd get in at the beginning
it's the 114th congress, 2nd session.
Shown Here:
Passed House without amendment (09/12/2016)
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
Expresses the sense of the House of Representatives that the United States should:
develop a national policy to encourage the development of tools for consumers to learn and protect their assets in a way that maximizes the promise customized, connected devices hold to empower consumers, foster future economic growth, and create new commerce and markets;
prioritize accelerating the development of alternative technologies that support transparency, security, and authentication in a way that recognizes their benefits, allows for future innovation, and responsibly protects consumers' personal information;
recognize that technology experts can play an important role in the future development of consumer-facing technology applications for manufacturing, automobiles, telecommunications, tourism, health care, energy, and general commerce; and
support further innovation and economic growth and ensure cybersecurity and the protection of consumer privacy.
Calls for innovators in technology, manufacturing, automobiles, telecommunications, tourism, health care, and energy industries to commit to improving the quality of life for future generations by developing new technology that is safe and consumer protective and that is aimed at improving consumers' access to commerce.
During the second session of the 114th Congress, Representative Adam Kinzinger introduced the bipartisan House Resolution 835 (H.R. 835) which proposed the establishment of a national policy that will increase the availability of financial tools and technologies.
The resolution, which was referred to the Committee on Energy and Commerce, described the importance of transparency, security, and authentication of technologies such as Bitcoin and blockchain technology in the economy of the United States, and the impact of a legitimate policy on emerging technologies.
The opening section of the H.R 835 notes five major statistics to emphasize the significance of alternative technologies in various industries of the country: financial opportunities, growth of the mobile industry, rapid development of blockchain technologies, cases of identity theft and transparency of non-fiat currencies.
Financial Opportunities and Growth of Mobile Services
The resolution acknowledges this new era of emerging financial technologies, methods, and strategies:
“Whereas technology solutions have the potential to improve consumers’ ability to control their economic well-being, to encourage their financial literacy, and improve their knowledge base and increase their options to manage their finances and engage in commerce; Whereas new payment methods and new payment strategies reflect new commercial opportunities. ”
Considering the financial benefits of consumers, the resolution proposes that the United States develop a “national policy to encourage the development of tools for consumers to learn and protect their assets.”
Kinzinger’s resolution also notes the exponential growth of the mobile market and the increasing number of mobile devices and deployment of broadband access in the country. According to the Federal Reserve’s “Consumers and Mobile Financial Services Report,” the percentage of mobile banking users have almost doubled since 2012.
The statistics provided by the Federal Reserve disregards the number of mobile users that rely on alternative payment networks such as bitcoin and other mainstream financial services including Skrill. Thus, the surging growth of the mobile market could potentially be one of the major factors that encourages mainstream adoption of emerging financial technologies.
The United States Congress could have recently inadvertently sparked the biggest Bitcoin craze in history.
In a stunning and unexpected move, they issued H.R. 835, a Congressional Resolution that could instantly affect every one of the 14 million Bitcoin investors worldwide.
Bitcoin is already on a wild ride, soaring over 1,606% to $17,000 per coin since January.
But thanks to this controversial move, H.R. 835 stands to send the price of Bitcoin to the moon.
Michael Robinson, a cryptocurrency expert and the author of The Bitcoin Virtual Roadmap, one of the most reputable books published on bitcoin investing, believes H.R. 835 is a game-changer.
Bitcoin trading for $100,000 per coin within the next month is not out of the question, Robinson says.
“Thanks to the enormity of H.R. 835, I expect to see Bitcoin and other cryptocurrencies go mainstream. A single Bitcoin could easily reach $100,000 – even before New Years.”
Average Americans are becoming “Bitcoin millionaires” daily.
However, some folks have been staying on the sidelines, concerned about a potential bubble.
H.R. 835 could be the game-change they’re looking for.
If it goes to $100,000 per coin, a small stake of even $500 could turn into $2,940.
So if you want the chance to strike it rich with cryptocurrency, there’s still time…
But you have to act now.
Once this news gets out, the price of Bitcoin could skyrocket at any moment.
Interesting, read this in one of your links:
The United States Congress could have recently inadvertently sparked the biggest Bitcoin craze in history.
In a stunning and unexpected move, they issued H.R. 835, a Congressional Resolution that could instantly affect every one of the 14 million Bitcoin investors worldwide.
Bitcoin is already on a wild ride, soaring over 1,606% to $17,000 per coin since January.
But thanks to this controversial move, H.R. 835 stands to send the price of Bitcoin to the moon.
Michael Robinson, a cryptocurrency expert and the author of The Bitcoin Virtual Roadmap, one of the most reputable books published on bitcoin investing, believes H.R. 835 is a game-changer.
Bitcoin trading for $100,000 per coin within the next month is not out of the question, Robinson says.
“Thanks to the enormity of H.R. 835, I expect to see Bitcoin and other cryptocurrencies go mainstream. A single Bitcoin could easily reach $100,000 – even before New Years.”
Average Americans are becoming “Bitcoin millionaires” daily.
However, some folks have been staying on the sidelines, concerned about a potential bubble.
H.R. 835 could be the game-change they’re looking for.
If it goes to $100,000 per coin, a small stake of even $500 could turn into $2,940.
So if you want the chance to strike it rich with cryptocurrency, there’s still time…
But you have to act now.
Once this news gets out, the price of Bitcoin could skyrocket at any moment.
I read somewhere that Amazon's yearly meeting is in February. I think they will announce that they will be accepting cryptos as payment. Can you imagine what is going to happen to the prices of bitcoin and eth?
from Forbes:
Currency Group, one of the biggest investors in blockchain firms, to provide such a service so the blockchain providers in DCG’s portfolio can work in a secure environment with clients who include financial institutions, insurance companies and enterprise technology companies.
A picture shows an Ipad with the logo of 'Amazon web services' on November 13, 2012 in Paris. (LIONEL BONAVENTURE/AFP/Getty Images)
A blockchain — often called a distributed ledger — is essentially a tamper-proof ledger, copies of which are held on multiple computers, that enables transactions to occur securely and quickly. It promises to make financial services more efficient, as well as cut costs and potentially shrink the industry as the software conducts functions currently executed by middlemen.
“Today in financial services, distributed ledger technology is at the forefront of any discussion related to innovation. AWS is working with financial institutions and blockchain providers to spur innovation and facilitate frictionless experimentation,” said Scott Mullins, AWS’s head of worldwide financial services business development, in a statement. “DCG is a recognized leader in distributed ledger technology, and we are excited to work with them and their portfolio companies to provide laboratory environments for enterprise experimentation with blockchain technology on AWS.”
DCG, whose portfolio includes more than 70 bitcoin and blockchain
One of the biggest names in Silicon Valley is placing a moonshot bet on bitcoin.
Founders Fund, the venture-capital firm co-founded by Peter Thiel, has amassed hundreds of millions of dollars of the volatile cryptocurrency, people familiar with the matter said. The bet has been spread across several of the firm’s most recent funds, the people said, including one that began investing in mid-2017 and made bitcoin one of its first investments.
Founders and Mr. Thiel are well-known for early investments in companies like Facebook Inc. that sometimes take years to come to fruition. The bitcoin bet is quickly showing promise. Founders bought around $15 million to $20 million in bitcoin, and it has told investors the firm’s haul is now worth hundreds of millions of dollars after the digital currency’s ripping rise in the past year.
One of the biggest names in Silicon Valley is placing a moonshot bet on bitcoin.
Founders Fund, the venture-capital firm co-founded by Peter Thiel, has amassed hundreds of millions of dollars of the volatile cryptocurrency, people familiar with the matter said. The bet has been spread across several of the firm’s most recent funds, the people said, including one that began investing in mid-2017 and made bitcoin one of its first investments.
Founders and Mr. Thiel are well-known for early investments in companies like Facebook Inc. that sometimes take years to come to fruition. The bitcoin bet is quickly showing promise. Founders bought around $15 million to $20 million in bitcoin, and it has told investors the firm’s haul is now worth hundreds of millions of dollars after the digital currency’s ripping rise in the past year.
Max Keiser, host of the Keiser Report on @RT_com, has stated that he believes the market capitalization for #cryptocurrency will exceed well into the trillions. http://bit.ly/2zfUDFI
ZUG, Switzerland and VANCOUVER, Dec. 29, 2017 /CNW/ - HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (the "Company" or "HIVE"), the leading publicly listed blockchain infrastructure company, is pleased to announce that it has closed the final C$65 million tranche (the "Final Tranche") of its previously announced private placement of up to C$115 million (the "Offering"), co-led by GMP Securities L.P. and Eventus Capital Corp. and including Haywood Securities Inc. and PI Financial Corp. (collectively, the "Agents"). The Final Tranche consisted of a total of 20,634,800 units (the "Units") sold at a price of C$3.15 per Unit for gross proceeds raised of C$64,999,620. Each Unit consists of one common share (a "Share") and one Share purchase warrant (a "Warrant"), with each Warrant entitling the holder to purchase one Share at a price of C$3.90 until November 14, 2019. The Shares and the Warrants issued under the Final Tranche are subject to a hold period expiring April 30, 2018. The Company anticipates that the Warrants will be listed on the TSX Venture Exchange (the "Exchange") shortly after the hold period expires, subject to meeting the conditions in Exchange approval. In connection with the Final Tranche, the Agents received a cash commission of up to 6% of the gross proceeds raised in the Final Tranche, excluding any proceeds raised from Genesis Mining Ltd. ("Genesis"). In aggregate, a total of 36,507,900 Units were issued in connection with the Offering for gross proceeds raised of C$115 million.
I wouldn't recommend taking it in your right hand or forehead. See Revelation Chapter 13
Good article regarding blockchain technology:
https://www.theguardian.com/commentisfree/2017/dec/24/bitcoin-is-a-bubble-the-technology-behind-could-transform-world
Good points
Merger news announcement eod?