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Selina  Wang

Selina Wang

Reporter at Bloomberg News
20 Following70 Followers
  • Prosecutors are now weighing whether to file criminal charges. If formal charges are filed against Liu, it’s uncertain whether he would be compelled to return to the U.S. to appear in court, given that the U.S. and China don’t have an extradition treaty. However, regardless of the outcome, the dramatic

    Prosecutors are now weighing whether to file criminal charges. If formal charges are filed against Liu, it’s uncertain whether he would be compelled to return to the U.S. to appear in court, given that the U.S. and China don’t have an extradition treaty. However, regardless of the outcome, the dramatic stock decline shows that investors view the allegations as a significant risk to the performance of the company. Liu has an iron grip over voting shares and the company’s board, and strategic assets of the company.

  • Jenny’s story illuminates how it is that record number of women will serve in our next House of Representatives and her fellow Democrats retook the chamber.

  • Ant Financial controls far more of Chinese people’s financial lives than any U.S. fintech company. It’s a real threat to China’s domestic banks. It also controls the world’s largest money market fund. It will be interesting to see how the Chinese government seeks to reign in one of its national champions

    Ant Financial controls far more of Chinese people’s financial lives than any U.S. fintech company. It’s a real threat to China’s domestic banks. It also controls the world’s largest money market fund. It will be interesting to see how the Chinese government seeks to reign in one of its national champions. Regulation will surely hamper its profits.

  • Facebook missed revenue targets for the first time in 3 years. It also missed expectations for revenue, monthly active users, an daily active users. This earnings report was warning that there will be dramatic slowdowns in growth at Facebook, and investors should no longer expect the advertising machine

    Facebook missed revenue targets for the first time in 3 years. It also missed expectations for revenue, monthly active users, an daily active users. This earnings report was warning that there will be dramatic slowdowns in growth at Facebook, and investors should no longer expect the advertising machine to keep on chugging at rapid rates. On the earnings call Facebook's CFO said: Its CFO said: " Looking beyond 2018, we anticipate that total expense growth will exceed revenue growth in 2019. Over the next several years, we would anticipate that our operating margins will trend towards the mid 30s on a percentage basis." Zuckerberg said that investments in security are starting to "significantly" impact profitability.

    Bottom line, Facebook's security, data privacy, and public image scandals are impacting its user engagement and financials.

  • There are no shortage of grocery delivery options for consumers. The key will be how many new customers Jet will be able to get from this new offering. How loyal are customers to the existing services they use and what’s the friction to signing up with a new one? Many consumers are entrenched in Amazon’s

    There are no shortage of grocery delivery options for consumers. The key will be how many new customers Jet will be able to get from this new offering. How loyal are customers to the existing services they use and what’s the friction to signing up with a new one? Many consumers are entrenched in Amazon’s web and loathe to branch out

  • This part of the story is particularly incisive: “there’s something missing from the foundational stories of this new group of self-made men (yes, they’re mostly men)...today's prototypical founding story involves an upper-middle-class childhood,early access to a computer, & an elite education”... what

    This part of the story is particularly incisive: “there’s something missing from the foundational stories of this new group of self-made men (yes, they’re mostly men)...today's prototypical founding story involves an upper-middle-class childhood,early access to a computer, & an elite education”... what are the dangers that come with a new elite group of billionaires with that homogenous background?

  • This quote is key: “Leading policy and communications for hyper growth technology companies is a joy—but it’s also intense and leaves little room for much else,” Mr. Schrage said in a Facebook post announcing the decision on Thursday. — but it’s not just any growth tech company. It’s Facebook: a company

    This quote is key: “Leading policy and communications for hyper growth technology companies is a joy—but it’s also intense and leaves little room for much else,” Mr. Schrage said in a Facebook post announcing the decision on Thursday. — but it’s not just any growth tech company. It’s Facebook: a company that has been slammed with one scandal after another

  • Worth reading this editorial: https://www.bloomberg.com/view/articles/2018-05-16/u-s-should-keep-zte-penalty-out-of-china-trade-talks

    Argues that ZTE should not be used as a bargaining chip. The company’s punishment needs to be enforced - since it violates US sanctions twice. The cost to US credibility could be substantial.

  • Kudos to Mark for finally opening up to the media. But can we please get more disclosures on how resources are being allocated? Facebook keeps on repeating “by the end of this year, we’re going to have 20,000 people working on security.” Throwing more people at a problem doesn’t mean it will be solved

    Kudos to Mark for finally opening up to the media. But can we please get more disclosures on how resources are being allocated? Facebook keeps on repeating “by the end of this year, we’re going to have 20,000 people working on security.” Throwing more people at a problem doesn’t mean it will be solved. Who are these 20,000 employees? Where are they based? How many are full time versus contractors?

  • Nothing comes for free. These social media platforms are extracting our data, behaviors and preferences — and then processing them for advertisers. Some would argue that the platforms are built for real end consumer: the advertiser.