In a turbulent time for the Chinese markets, Chinese shares plunged 8% on Monday, its steepest one-day drop in eight years. The main Shanghai share index dropped 8.5% while Shenzhen’s main index fell 7.5%. The […]
Tag: Bubble
Chinese Consumer Confidence Plunges As Dark Clouds Hang Over Economy
Negative indicators for the Chinese economy are mounting, as the country’s leadership attempts to mitigate the damage in the aftermath of a huge stock selloff that began in June of this year. With business confidence […]
Chinese Stocks Plummet In 1929 Style Crash
As people turn their attention to Greece as the austerity measures have been voted on and recently denied, on the other side of the world China is feeling their own financial pain. It has been […]
Is Social Media A Viable Business Model?
Twitter announced earnings today and they were terrible. The company missed on revenue and user metrics were weak (we’ll look at that closer below). First the highlights: Twitter’s first quarter revenue hit $436 million, missing […]