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Weekly Cache

Weekly Investment News and Analysis

Please see what we’ve been reading in technology and ESG related investing this week. Please feel free to send us what you’ve found interesting.

Latest Invesment News

April 02, 2023: Bullish End To The Week And Q1 2023

After a in uninspiring start, the markets made a bullish turn in the second half of the week. Dow Jones was up 3.2%, S&P 500 rose 3.5%, and Nasdaq was up 3.4%. Twitter was recently valued at US$20 billion in a new employee stock grant, even as Fidelity marked down its stake in Twitter by another 7.9%, bringing its total writedown on its stake since its acquisition to 63.5%. Disney cut its metaverse division as part of a broader restructuring. EA is laying off 6 percent of its workers. Alibaba stock jumped 10% as the Chinese tech giant begins its biggest reorganization ever and eyes new IPOs. Alphabet’s DeepMind and Google Brain set aside rivalry, and target OpenAI. Microsoft now claims GPT-4 shows ‘sparks’ of general intelligence. Bill Gates says self-driving cars will be as revolutionary as the PC after riding in one. Apple reportedly demoed mixed-reality headset to executives in the Steve Jobs Theater last week, even as mass production was reportedly pushed to Q3 2023. Netflix appears to be working to bring games to TVs with the iPhone as a controller. Meta Platforms will allow European users to opt out of personalized advertising on Facebook and Instagram after the European regulators in January fined Meta 390 million Euros for unlawfully forcing users to consent to personalized ads in its apps. Bitcoin has stormed to a 72% gain over the last three months and is on track for its strongest quarter in two years. The token has outperformed both the Nasdaq 100 and gold, which are up 15% and 9%, respectively, in the same stretch. In Canada, Sophic Clients, UGE and Jasper, both plan on closing second tranches of their previously announced financings in the coming weeks, with Jasper announcing an increase of the offering to $900,000 from $750,000. UGE’s Green Bonds’, which mature on June 30, 2027, and bear interest at a rate of 9% per annum, payable semi-annually, second tranche is expected to close by the end of April 2023.

Invesment News in the Past Weeks

August 16, 2020

August 16, 2020

Epic Games and Facebook appear to be pushing back against app store policies, which could have far reaching implications. Several high profile companies are expected to go public this fall & Robinhood is garnering lots of attention (including, gracing the cover of this week’s Barrons).

August 9, 2020

August 9, 2020

Lots of attention seems to be focused on US-China tensions and ramifications for the global technology industry, with Twitter and TikTok apparently in discussions as of Saturday. It will be interesing to see what the next week brings on this front.

August 2, 2020

August 2, 2020

Please see what we’ve been reading in technology and ESG related investing this week. Please feel free to send us what you’ve found interesting.

July 26, 2020

July 26, 2020

Welcome to our inaugural edition of what we’ve been reading in technology & ESG related investing this week. You are receiving this email, because you’ve previously worked with Sophic Capital or we’ve discussed tech or ESG investing.