MicroStrategy recently shared its new strategy of diversifying its portfolio with $250 million worth of bitcoin. “Our investment in Bitcoin is part of our new capital allocation strategy, which seeks to maximize long-term value for our shareholders,” — Michael J. Saylor, CEO, MicroStrategy Incorporated. These words belong to the CEO of one of the most valuable business analytics…
Tag: Business
Are You Ready to Replace POS Terminals With iPhones?
Apple’s latest acquisition foreshadows a new payment innovation coming to iPhones. Apple Inc. acquired Mobeewave Inc. for $100 million on August 3, 2020. This news is quite crucial to foresee the roadmap for Apple’s Payment services. After introducing Apple Pay in October 2014, the tech giant has accelerated its fintech investments and innovations significantly. After adding cards…
Is Stock Market the New Way to Fund Bankruptcies?
After declaring bankruptcy, the stock price of the car rental company Hertz spiked around 700%. The retail investors of Robinhood App see an opportunity here, where all institutional investors avoid the stock? Who is right? And what does it tell us about the markets?
