Money

Alibaba shares soar as company breaks into parts

Published

1 year ago

March 29, 2023

ticker NEWS

Alibaba shares have soared as company executives announce a business shake-up

It’s been a good day for investors in Chinese tech giant Alibaba.

Shares in the company soared as executives announced a plan to break the business into parts.

Alibaba’s commerce leader says he will split the $220 billion empire into six individual units.

The major restructuring is the company’s biggest in 24 years.

Alibaba shares gained more than 14 per cent in New York and were up 13 per cent in Hong Kong.

The move follows reports Alibaba founder Jack Ma resurfaced in China this week after a long absence.

The units will have their own chief executives and boards of directors.

They will be allowed to raise capital and seek stock market listings.

Alibaba says the units will “capture opportunities in their respective markets and industries, thereby unlocking the value of Alibaba Group’s respective businesses”.

“The market is the best litmus test, and each business group and company can pursue independent fundraising and IPOs when they are ready,” says chief executive Daniel Zhang. #trending #featured

Money

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.