Stock Sharks 📈🦈
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10.7% of @stocksharks's followers are female and 89.3% are male. Average engagement rate on the posts is around 0.07%. The average number of likes per post is 749 and the average number of comments is 32.
@stocksharks loves posting aboutFinance, Business and Finance, Entrepreneur, Business, Marketing.
1,206,833
Followers
0.07%
Engagement Rate
781
Engagement per post
749
Average likes per post
32
Average comments per post
86,251
Global Rank
55,738
Country Rank
1,863
Category Rank
Follower and Post Growth Trends
Engagement Rate Growth Trends
Audience Gender
Dominating Age Group
Interests
Mentions - accounts
1
Mentions - hashtags
Engagement Rate
Likes and Comments
Notable Influencers
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Recent Posts
Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for Ant Group, ending a years-long regulatory overhaul of the fintech company and marking a key step to concluding a crackdown on the country's internet sector. China's central bank, which has been driving the revamp at Ant after the company's $37 billion IPO was scuttled in late 2020, said it would fine Ant 7.1 billion yuan, require it to stop operations of its crowdfunded medical aid service Xianghubao and compensate users. The penalty amounts to one of the largest ever fines for an internet company in China. Ant and its subsidiaries had violated laws concerning corporate governance and financial consumer protection, and participated in business activities that were supposed to be conducted by bank and insurance institutions, the People's Bank of China (PBOC) said. Next, the financial regulators "will focus on improving 'normalized' supervision levels of platform companies' financial businesses, and bring all kinds of financial activities under supervision," the PBOC said. Ant said it had completed its rectification work. "We will comply with the terms of the penalty in all earnestness and sincerity and continue to further enhance our compliance governance." It closed Xianghubao in 2021. Reuters reported earlier, citing sources, that Chinese authorities intended to unveil its fine on Ant as early as Friday. Besides Ant, the Chinese authorities also announced they had fined Ping An Bank (000001.SZ), insurer PICC Property and Casualty (2328.HK), Postal Savings Bank (1658.HK) and Tencent Holdings (0700.HK) Tenpay, with Tenpay given a penalty of 2.4 billion yuan for committing violations in areas such as customer data management. Reported By Reuters
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Meta (META) Threads is live, and it’s already drawing millions of users, posing the biggest threat to Elon Musk’s Twitter yet. Meta CEO Mark Zuckerberg fired up his Twitter competitor on Wednesday and a day later said 30 million users had signed up for the service. Threads poses a unique challenge to Twitter. The platform, like other Twitter clones, has a similar setup to Musk’s social network. On Threads you can post text, images, and short videos, as well as like, reply, comment, and share posts by other users. Zuckerberg seemingly acknowledged the similarities, posting the meme of Spider-Man pointing at another Spider-Man on his own Twitter account. Musk seems to have noticed, as well. On Thursday, lawyers representing X Corp., the entity that owns Twitter, sent a letter to Zuckerberg threatening legal action against Meta for hiring former Twitter employees with knowledge of the company's trade secrets, according to Semafor. I’ve been using Threads since Wednesday night, and my iPhone hasn’t stopped pinging me about new followers. That isn’t a brag; I’m far from some kind of influencer. Rather it points to Threads’ biggest asset: its connection to Instagram. Meta is positioning Threads as a kind of offshoot of its photo- and video-sharing app. And because of that, you can quickly follow everyone you follow on Instagram on Threads during the app’s signup process. That gives Threads an immediate advantage over competing offerings as it instantly fills the service with people you’re already interested in following. Reported By Yahoo Finance
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Twitter has threatened to sue Meta over its new Threads app, which Mark Zuckerberg has openly billed as a rival, claiming the company has violated Twitter’s “intellectual property rights”. In a letter to CEO Mark Zuckerberg, first published by the news outlet Semafor, a lawyer for Twitter said the company “has serious concerns that Meta Platforms (Meta) has engaged in systematic, willful and unlawful misappropriation of Twitter’s trade secrets and other intellectual property”. “Twitter intends to strictly enforce its intellectual property rights, and demands that Meta take immediate steps to stop using any Twitter trade secrets or other highly confidential information,” Alex Spiro wrote in the letter. Meta launched Threads, a text-based conversation app intended to rival Twitter, on Wednesday to a largely positive reception. The company said Threads garnered 30m sign-ups in less than 24 hours after launching. Threads accounts are linked to Instagram profiles, making the process to sign up seamless between apps and giving the Twitter copycat a built-in user base. Zuckerberg has said Threads is Meta’s attempt at taking a shot to build a “public conversations app with 1bn+ people” – an opportunity that Twitter had but “hasn’t nailed”. Twitter claims in the cease-and-desist that Meta has poached dozens of former employees in the past year, some of whom “had and continue to have access to Twitter’s trade secrets and other highly confidential information” and “many” of whom have “improperly” kept Twitter documents or electronic devices. Reported By The Guardian
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Canadian companies are at risk of facing higher interest costs as an unintended consequence of a government proposal to eliminate the country’s $260 billion (US$195 billion) mortgage bond program, an investors’ lobby group has warned. Prime Minister Justin Trudeau’s government is considering winding down the Canada Mortgage Bond program in a bid to reduce borrowing costs. CMBs are guaranteed by the federal government’s housing agency, giving them the highest possible credit ratings, since Canada is rated triple-A by S&P Global Ratings and Moody’s Investors Service. Despite that, the notes trade at a higher yield than Canada government bonds. Finance Minister Chrystia Freeland’s proposal for getting rid of CMBs would force the government to issue larger amounts of debt through its regular financing program. The result may be higher federal government bond yields — widely used benchmarks to price debt securities in loonies — which in turn mean higher interest rates for companies, provincial governments and other bodies that issue bonds, the Canadian Bond Investors’ Association said in a July 5 letter sent to the Department of Finance. “A change in the underlying GoC yields will increase funding costs for issuers and will reduce valuations of existing securities,” according to the letter signed by Peter Waite, executive director of the CBIA. Issuers will likely be tempted to raise more debt in other currencies, he added. “We have already observed a trend of domestic issuers funding in foreign markets and this change will likely cause more issuances to be diverted outside of Canada.” The group represents more than 50 institutional investors in Canada that collectively manage more than $1.8 trillion in fixed-income assets, the organization said. Reported By BNNBloomberg
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Investors looking to put their money to work in a heightened interest rate environment could find opportunities in the Canadian equity market, bonds, and cash, one Bay Street veteran advised. In an interview with BNN Bloomberg’s Jon Erlichman on Thursday, David Rosenberg, founder and president of Rosenberg Research, said the S&P/TSX Composite Index is rewarding investors with the highest yield globally. “The all in equity yield in the TSX is 16 per cent. It’s one of the highest in the world,” he said. “For people that have been involved in the U.S. market, start bringing some money home in the Canadian market — it’s dirt cheap.” Another strategy Rosenberg advised to investors was to park their money in cash holdings, which he says is perfectly appropriate during an elevated interest rate environment. “I know people will say well it’s five per cent (return on cash holdings), and look at what the Nasdaq 100 is doing. Well — think about five per cent last year when the market was down almost 20 per cent,” he said. “Have some dry powder and get paid for it — to me that’s just common sense.” One other corner of the investment world Rosenberg has turned to during this time is long-term bonds, especially as we head into a possible recession, he said. Another expert agrees with this strategy. “I like sticking to a recession hedge -- which is government bonds,” Ed Devlin, founder of Devlin Capital and former head of Canadian portfolio management at PIMCO, said in an interview on Thursday. Reported By BNNBloomberg
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