Tag: earnings call

Has The Investment Thesis for Alibaba Turned Sour?

This quarter is important because it is the first quarter where they feel the full impact of the new regulations. And I’m looking for signs as to whether the regulations have permanently impaired Alibaba’s economic engine as Mr. Market has priced it to be.  Financials Let’s dive into the numbers: Excluding their recent Sun Art acquisition, revenue only grew 16% y-o-y.The number of annual active ...

Read more

Facebook’s Q1’20 Earnings Update

Increased engagement due to shelter-in-place measures but some of this increased engagement will be lost once measures are relaxed in the future. Engagement increased by ~10% YOY across all measurements, compared to ~7% in the previous period. Demonstrating that Facebook's attractiveness as a platform for users to connect with their friends and family.

Read more