Operating at the Intersection of Technology and the Capital Markets
Tag: SEC
As I think about Technology companies in the back half of 2023 and 2024, pricing power has to erode at some point. For companies such as Google, subscription price increases this calendar year have far outpaced revenue growth (higher prices, fewer unit sales). I imagine that many companies that exercised pricing power in 2021, 2022 … Continue reading Pricing Power in 2H 2023 and 2024
It was only a matter of time before the SEC went after Coinbase (COIN) and Binance (private). The largest dark pool and exchange operators aren't content to live with the economic leakage posed by the crypto exchanges. Once Coinbase and Binance are crushed, the next move will be to regulate Bitcoin into oblivion. My guess … Continue reading First The Crypto Exchanges. Next Up, Crypto.
The WSJ reports that the Justice Department and the SEC will pursue insider trading activity that is disguised by 10b5-1 plans. It's about time. We wrote about Moderna (MRNA), on July 28th 2020 whereby 10b5-1 plans were amended ahead of selling activity HERE. This looks suspicious. We went into great detail. I recall companies amending … Continue reading Insider-Trading Through 10b5-1 Plans
The SEC estimates that climate disclosures will cost small cap companies approximately $420,000 per year on average and $530,000 for larger public companies. The winners will be law firms, accounting firms and the SEC at the expense of companies. It is logical that this type of punitive legislation and time-consuming disclosure will push out IPO … Continue reading The Next Government Regulation to Hit Earnings
We would prefer that the SEC focus on cracking down on fraud in its various permutations as opposed to forcing companies to report on carbon emissions and the like. This forced climate reporting initiative by the Biden Administration not only adds zero value to the investment decision-making process for serious institutional investors, it acts as … Continue reading Climate Reporting: The SEC’s Latest Make Work
The Fed, Treasury and the SEC fired a shot at stablecoins. It feels to us that the three Federal agencies are clearing a path for the digital dollar. Stablecoins are crypto currencies that are pegged to a fiat currency and thus behave similarly to fiat currencies and therefore represent a potential threat to fiat currencies. … Continue reading The Fed & Treasury Are Clearing The Runway For The Digital Dollar
This is a win for investors and could potentially be a "Big" win if new 10b5-1 regulations are tough. Too frequently CEOs and named executives skirt around insider trading rules by way of 10b5-1 plans - especially the modification of existing 10b5-1 plans. Last year we called out Moderna (MRNA) CEO Stéphane Bancel for this … Continue reading The SEC Plans to Further Regulate 10b5-1 Plans
Instagram is on to APIs. Biden's budget implies stagflation. EV poster child Elon Musk will benefit from Biden's spending plan beginning in 2023. Ransomware attacks continue to expose the fragility of our legacy technology systems. Last month we wrote about API strategy. Instagram (tkr: FB), recently opened its platform via APIs to enable Instagram messages … Continue reading Instagram, Stagflation, EVs and More Cyberattacks
The SEC Needs To Step Up Its Enforcement Game. Political Pressure Is Focused Elsewhere. Private, decentralized messaging platforms where user IDs are not tied to real world identities make it possible for public company executives to discretely disclose non-public information with select investors. Discord is one such example. It will be interesting to observe the … Continue reading Technology Is Running Circles Around Financial Regulators
We are introducing CEORater's initial CEO Risk Report ("CRR") which may be accessed at the end of this note. (Readers who access this note via email will be required to click the "read more" button in order to access the report). CEORater's CRR details companies and CEOs that CEORater believes carry elevated risk, primarily within … Continue reading CEORater CEO Risk ReportPremium
You must be logged in to post a comment.