Energy vs QQQ, Stablecoins, EV Stocks, Amazon Take Rate, Ramp
Every week, I send you the best finance and tech-related content I came across that week.
Here are my favorite 5 finance-related tweets of the week π
#1π
Electric vehicle stocks are getting smoked!
#2π
Something about yesterdayβs stablecoin debacle and comparison with the 1998 HK$ short.
#3π
Energy sector vs the Nasdaq 100.
#4π
China is predicted to become the worldβs largest semiconductor producer by the end of this decade.
#5π
Amazonβs effective take rate keeps climbing.
2 of the podcasts I recently listened to and really enjoyed:
Recent Resignations
Notable executive departures disclosed in the past week include:
President of Pharma Services at NeoGenomics (NASDAQ: NEO β $1.18 billion) resigned after eleven months. Last month, the companyβs CEO βstepped downβ after eleven months as well. In March, the companyβs Chief Operating Officer also resigned after only nine months. The Florida-based genetic testing company is down 75% over the last year.
CFO of Cerence Inc (NASDAQ: CRNC β $1.12 billion) resigned after just four weeks. The company said the resignation βdid not involve any disagreement with the Company on any matter relating to its accounting policies or internal controls.β The companyβs General Counsel also resigned in February of this year βto pursue another opportunity.β Cerence is audited by BDO LLP.
CFO of Calavo Growers (NASDAQ: CVGW β $539 million) resigned after seven months βfor a CFO role at another company.β The company has had four different CEOs and five different CFOs in the last three years. In addition, the company βeliminatedβ its Chief Accounting Officer last month.
CFO of Sunrun Inc (NASDAQ: RUN β $4.91 billion) resigned after two years.
CEO of Shutterstock (NYSE: SSTK β $2.40 billion) resigned after a little over two years βto pursue other business opportunities.β
CEO of Fastly (NYSE: FSLY β $1.59 billion) will resign after a little over two years βonce a successor is appointed.β The stock is down ~70% over the last twelve months. The companyβs Chief Legal and Trust Officer is also resigning βto pursue another opportunity.β
CEO of Match Group (NASDAQ: MTCH β $21.2 billion) βannounced her intention to step downβ after a little over two years.
CFO of Velodyne Lidar (NASDAQ: VLDR β $368 million) resigned after three years βto spend time with his family in advance of pursuing career opportunities later this year.β The company is down over 80% since its September 2020 SPAC merger.
Founder and CEO of Definitive Healthcare (NASDAQ: DH β $3.04 billion) βwill step downβ after nearly twelve years. The company is down ~60% since its September 2021 IPO.
Chief Credit Officer and Chief Operating Officer of Broadmark Realty Capital Inc (NYSE: BRMK β $1.05 billion) were βeliminatedβ as part of a restructuring. The company is down ~20% since its November 2019 SPAC merger.
Data for this section is provided by VerityData from VerityPlatform.com - via thebearcave.substack.com
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- Lillian