On January 17, 2018, Overstock (OSTK) moved higher as its subsidiary tZERO announced that it had chosen KODAKCoin as the first offering for its security token platform.
Outperforming the market Among top ETFs tracking Bitcoin’s performance is the ARK Web x.0 ETF (ARKW) (ARKK). As shown in the chart below, this fund has steadily seen its price rise. Whereas it was trading at $48.70 on January 9, 2018, it had fallen from a high of ~$50.50 on December 18, 2017. In comparison, the S&P 500 […]
Gross margins narrow In 2Q17, GoPro’s (GPRO) gross margin narrowed to 36% from 42% in 2Q16. However, GoPro’s operating expenses fell 36% YoY (year-over-year) to $116.5 million, to offset the gross margin contraction. GoPro will need to reduce costs faster than its gross margin contracts to achieve profitability. Last December, GoPro announced the reduction of […]
