Stock Market - Interconnected

Reflections on the Delisting Saga

In the last three years, the threat of forced delisting for Chinese companies publicly traded in the US was constant. Billions of market cap evaporated while the investment world waited to see if the Public Company Accounting Oversight Board (or PCAOB or the auditor

Topics: China• Stock Market• Charlie Munger•

Dissecting the "Great Delisting"

Last December, I wrote a rather provocative post called “Let the ‘Great Delisting’ Begin [https://interconnected.blog/let-the-great-delisting-begin/]”. That was when the SEC released its final specifications [https://www.sec.gov/news/press-release/2021-250] to implement the accounting compliance requirements outlined in the Holding

Topics: Cloud Industry• COVID-19• Stock Market•

Is the Cloud Recession-Proof?

Two weeks into the first Wall Street earnings season that includes COVID-19 data, most big tech companies that operate a large cloud unit have reported results. Judging from the growth rate and revenue numbers alone, the cloud seems to be weathering the coronavirus storm

Topics: Stock Market• IBM• Facebook•

Earnings Guidance Is Going Stale. Was It Ever Useful?

Next week is the start of the second quarter earnings season on Wall Street. It’s perhaps the most consequential quarter of financial guidance we’ve had since the Great Depression. During the last few weeks, companies have been [https://www.cnbc.com/2020/