👓 𝗪𝗵𝗮𝘁 𝘁𝗼 𝗪𝗮𝘁𝗰𝗵 👓
🟣 $WE (WeWork Inc) Flexible office firm WeWork reports its Q3 results today, the first time to do so as a publicly traded firm. The company has just gone public via Spac merger, having traded since the middle of October on the New York Stock Exchange. The firm went public for $9 billion - a fraction of the price it was touted for in 2019. Back then, a disastrous failure to launch saw the firm’s founder leave the business and haemorrhaging losses brought under tight control by angel investor SoftBank. The company still hasn’t turned a profit, losing $2.1 billion in its final pre-float numbers in May, having been badly affected by the pandemic and the move to home working for many firms. The company’s revenue is now expected to fall short of its 2021 projections of $3.2 billion and has to make up $806 million in its Q4 estimates to prevent this.
*(5-𝘺𝘦𝘢𝘳 𝘳𝘦𝘵𝘶𝘳𝘯𝘴: -6.42%)
▪️ 𝘝𝘪𝘴𝘪𝘵 @etoroinvestment 𝑓𝑜𝑟 𝑑𝑎𝑖𝑙𝑦 𝑢𝑝𝑑𝑎𝑡𝑒𝑠 𝑡ℎ𝑎𝑡 𝑚𝑎𝑡𝑡𝑒𝑟 ▪
🟣 $VOD (Vodafone Group plc) Telecommunications firm Vodafone reports in interim results on tomorrow at a time when the business is attempting to shift its focus away from purely providing mobile telephone networks. The firm recently announced a major deal with the UK’s top high-speed broadband infrastructure providers, BT OpenReach and CityFibre. The deal will make Vodafone the largest single provider of high-speed broadband in Britain and signals a major shift in strategy for the firm that has coasted for some time. The firm’s share price has been in decline for some time but analysts are now bullish on the stock, with 17 buy ratings, two hold ratings and no sell ratings.
*(5-𝘺𝘦𝘢𝘳 𝘳𝘦𝘵𝘶𝘳𝘯𝘴: -39.78%)
⚠️Please note, this is not investment advice⚠️
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