Posts by Philip Pearlman
- Daily Ticker1 day ago
Over the last week, thefts have been reported at three different bitcoin sites, one of which was the first exchange and at one time the largest. Mt. Gox had $400 million stolen and the exchange filed for bankruptcy last Friday. Flexcoin had $600,000 in bitcoin stolen and the tiny exchange,Poloniex, had 12% of its assets, or $50,000 stolen.
- The Exchange9 days ago
Bitcoin exchange Mt. Gox has gone down — but could there be an upside for the cryptocurrency?
On Monday night Mt. Gox shut down its website and is no longer operating; a brief note on the homepage is all that currently remains. This follows the deletion of all messages on its Twitter account. The exchange appears to be making its best attempt to simply disappear. CEO Mark Karpeles reportedly sent an email to Reuters noting, "We are currently at a turning point for the business. I can't tell much more for now as this also involves other parties."
A turning point indeed.
- The Exchange21 days ago
Every bull market has its iconic leaders — the stocks that seem like they're carrying the market on their backs with their relentless strength while also encapsulating the major societal themes of the broader advance.
Back in the 1990's it was companies like Microsoft (MSFT), Intel (INTC) and Cisco Systems (CSCO), as they equipped computers and networks. In the mid 2000's, it was Apple (AAPL) and the emergence of the smart-gadget revolution.
- The Exchange22 days ago
I've stepped up out of the echo chamber for a sec to capture a bit of peace and to report on the way it is rather than what gets repeated again and again until there's very little spirit of the truth left to consider.
There's been lots of chatter in the tech blogosphere Tuesday night and Wednesday morning about the site design testing Twitter (TWTR) is running on a small number of accounts.
Mashable broke the story and posted a screen grab of @mattpetronzio's Twitter profile page. Petronzio, an editor at Mashable, is a part of the test group and his Facebook'ish profile page visual spread to sites including TechCrunch, Business Insider and of course Twitter itself.
- Breakout28 days ago
Twitter appears to be doing a good enough job monetizing traffic these days. The bad news, though, is that user growth is slowing big time and engagement is deteriorating. This is why the stock is getting crushed here back down into the 50’s the day after earnings.
Specifically, this is the first time in the history of the company that timeline views shrank quarter over quarter. Domestic timeline views have not grown for two quarters.This is bad for a growth stock with a huge multiple. Very very bad.
Fortunately, I have a solution that should not be that difficult for Twitter to iterate promptly.
New user sign-up flow is the problem and solution
Last night, I went and signed up for a new account. I have had a Twitter account and been a heavy user for seven years, but I was curious what the experience would be like for a new user who was coming to the site for the first time.
I was thinking that part of the problem was that the sign-up flow had deteriorated and, sure enough, my sign-up experience was atrocious. There’s two things wrong with the process.
- The Exchange1 mth ago
Apple (AAPL) reported earnings Monday night that failed to meet expectations. The stock is down 7% in early trade today and at least six sell-side research firms are cutting price targets.
So what is Apple doing wrong and what could it do better going forward?
Here are a few thoughts...
1. Stop Idealizing Your Devices
The new Apple advertisement with Robin Williams riffing poetic over a bunch of dreamy images is beautifully produced and profound in many ways. It makes me want to gather rosebuds while I may and so forth.
Nevertheless, its a terrible commercial for Apple at this moment in time. It's terrible because it reveals something about Apple's outward strategy and possible self-perception that is hindering the company.
That is, the idealization of Apple products is stifling critical self-examination and improvement.
- The Exchange2 mths ago
Sure, making predictions is folly. No one really has a crystal ball and so no one really knows the future.
Still, speculation abounds because we love to pit our vision against the markets, we crave risk as much as we fear it and sometimes people really do nail it and make a killing.
So without further ado, here's a collection of predictions from some notable friends who are willing to put themselves on record.
Jonathan Krinsky (MKM Partners): The SPX will test its 200 day moving average at some point. It has currently gone 278 sessions without doing so, for the 8 th longest streak since 1980. The remarkable aspect of the current streak is that it began following a very strong run in 2012. Most of the other streaks followed some period that was flat or down, resulting in pent up demand. Currently the SPX is over 8% above its 200 DMA. As that continues to rise, we suspect the SPX will test it at some point in 2014.
- Breakout2 mths ago
Back in early December, I was bullish on Twitter (TWTR) for three reasons when it was $50. It has since rallied more than 40%. But nothing lasts forever and in early trading today the stock was down 5% thanks to word that analysts slapped it with an underperform rating.
So why did it rocket so high so fast and why is it now coming back to Earth? First, the fundamental story is still an exciting one and Twitter will have an opportunity to create all kinds of value few yet foresee. For instance, with a constantly improving ability to crunch its massive real time data set, Twitter may have an opportunity to monetize search, which would be huge. I can imagine Twitter placing relavent geolocated ads next to its users’ searches for auctioned keywords similar to Google’s approach to traditional search.