Shares of microstrategy are up more than 12 % this morning, and i do not think it's because of the massive loss the company just posted in the second quarter. My guess is the stock is up because ceo, michael saylor is stepping down. And yet, he is still going to be in charge of bit coin. This is a very dangerous place for a company that's doing very dangerous things with the capital that it has here.
Airbnb's record bookings in the 2nd quarter weren't enough to boost the stock higher. Why?
(0:25) Tim Beyers discusses: - Airbnb's highly questionable decision to allocate $2 billion for a share buyback plan - Match Group shares hitting a new low as the business clearly has work to do - MicroStrategy CEO Michael Saylor stepping down after the company reports an eye-popping loss of $94 a share
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(13:35) Ricky Mulvey talks with WSJ tech columnist Christopher Mims about Meta Platforms, Apple, and how companies are really using artificial intelligence.
Stocks discussed on the show: ABNB, MTCH, BMBL, MSTR, META, AAPL
Host: Chris Hill Guests: Tim Beyers, Christopher Mims Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl
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