There's no question that Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has had a disappointing 2022. The stock has been hit by a combination of slowing growth, falling profits, and compressing valuations in the tech sector as investors prepare for a recession. Alphabet makes nearly all of its money from advertising, and advertising tends to be a cyclical industry. Read More...
TheStreet.com
MicroStrategy Sells Bitcoin For the First Time
MicroStrategy, the company of Michael Saylor, one of the most fervent evangelists of Bitcoin, has sold the king of cryptocurrencies. The firm said it bought approximately 2,395 bitcoins for approximately $42.8 million in cash, at an average price of approximately $17,871 per bitcoin, inclusive of fees and expenses, between November 1 and December 21. The transaction was made at an average price of approximately $17,871 per bitcoin, inclusive of fees and expenses.
