Fourteen years after joining Facebook, Sheryl Sandberg is leaning back and stepping down. Known for adding cosy anecdotes to investor calls about the small businesses that use Meta’s digital advertising, Sandberg was instrumental in helping the company spin user attention into advertising revenue. When she joined in 2008, Facebook was a 4-year-old start-up with annual revenue of $272mn, a net loss of $56mn and a few hundred employees. Read More...
Motley Fool
Why Lithium Americas Stock Crashed Today
Despite being not yet operational, and having no revenue to its name (much less profits), Lithium Americas stock has had a terrific run as investors bid up lithium assets in anticipation of booming demand for the metal, which is used to make the batteries that power electric vehicles. With lithium currently priced at $60,000 a ton, Goldman sees that slipping 10% to $54,000 later this year — a pothole that precedes a bigger fall off a cliff. By next year, the banker believes, lithium prices will average just $16,000, a staggering 73% decline from present-day prices.
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