Mon, Feb 12, 2024 9:15 AM
World Street | Tesla cuts prices, Cisco plans layoffs, Bezos sells $2 bn.
A Flip by Avya Verma
Bitcoin price reached a fresh all-time high today, topping $75,000, as former President Donald Trump’s odds improved in the US election, bolstering the pro-crypto sentiment. The cryptocurrency price surged on optimism that a Trump victory could drive the digital asset sector forward, thanks to his campaign promises to make the US a global crypto hub.
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Shares of Trump Media & Technology Group, the social media company founded by former U.S. President Donald Trump, surged as early results from the U.S. presidential election began to roll in. The stock rallied 10% by the close of formal after-hours trading on Tuesday, the US Election Day. The upward momentum continued during special late trading on the Robinhood platform.
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Swiggy pioneered India's hyperlocal commerce industry, leading in food delivery and quick commerce with high growth potential. The company is expected to grow 17-22% and 60-80% in these segments, respectively, over CY23-28. Despite being loss-making, the IPO is reasonably priced at 7.8x FY24 Market Cap to Sales.
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