The selloff is being driven by macroeconomic factors rather than fundamentals. Buy recommendations and high price targets indicate a possible comeback The share price plunge that has wiped out about $100 billion from Taiwan Semiconductor Manufacturing Co.’s ‘TSMC’ market value this year matters little to the legions of analysts who see the company as a … Read more
Spotify says it expects to reach $100 billion revenue annually in the next 10 years. The audio streaming company hosted its first investor day since going public in 2018. Spotify would need to make its revenue grow nearly 10-fold from 2021 revenue of $11.4 billion. Spotify Technology SA (SPOT.N) on Wednesday said it hopes to … Read more
US video conferencing platform Zoom has lost around $100 billion of its market value since its October 2020 peak, a decline of 64 per cent for the stock, Bloomberg reported. The video communications company fell 15 per cent on Tuesday to close at the lowest level since June 2020. Despite the decline, the stock was still up … Read more
The federal cabinet on Wednesday has decided to provide Rs100 billion subsidy to agriculture sector to ameliorate the sufferings of farmers, Briefing media persons, Special Assistant to the Prime Minister on Information & Broadcasting Dr. Firdous Ashiq Awan said that Water and Power Division in a briefing told the cabinet when Pakistan Tehreek-e-Insaf (PTI) government … Read more
