ROBIN HOOD 2021

ROBIN HOOD 2021

Jan 30, 2021 | ECONOMY, ECONOMY, WORLD, WORLD

There are many versions of Robin Hood, but for me none will ever unhinge the image of the cartoon fox who stole from the rich to help the poor.

Perhaps that Robin Hood would claim to get his name back from the American company that Forbes has included in the top ten of fintech companies.

What is a fintech?
This acronym derives from the fusion of the words FINancial and TECHnology precisely to represent those companies that provide financial services through digital technologies.

Robin Hood in fact was born as a startup with the aim of bringing young people closer to trading.

But why are we talking about it?
Because the CEO in the role of the Sheriff of Nottingham literally closed the purse strings …

 

Why this sudden change in attitude towards the market?
To paraphrase another famous film: it all happened on a Wednesday.

More precisely, January 27, 2021, that is the day that recorded the most trades ever caused by an investor platform that literally flew the Gamestop stock making it reach $ 147 from around 19 at the beginning of January.

Reddit is the name of this online platform, a sort of mix between a forum and a social network, or rather: a social news aggregator whose name derives from Read it and whose contents are an aggregation of ideas, announcements, news to comment, and calls itself The front page of the Internet (and uses Python technology ed)

A redditer had launched this video in August

What actually happened: for a few weeks the redditers have continued to push the Gamestop stock up, showing us what a short squeeze is.

To understand, we need to start from the figure of a short seller that is a trader who only takes shares on loan.

On this loan he will have to pay interest, so to make a profit the trader will aim downwards: if the price of the shares once sold falls, he will be able to buy them back at a lower price.

This downward orientation is called a “bearish” strategy and is based precisely on the market’s descending phase.

The difference between the initial sale price and the repurchase price, net of interest, is the actual gain.

But how do you get to short squeeze?
When, against forecasts, the value of a stock rises rapidly, as happened for Gamestop, a short seller is forced to close his position quickly to limit losses.

Political voices have also entered the Gamestop affair asking for clarification and an exceptional “commentator”: Elon Musk, which obviously gives rise to various reflections.

What I would like to underline first, however, is how much money now revolves around maneuvers that are completely far from anything concrete, far from real production, far from work as the Boomers used to think.

RICH OR POOR?

RICH OR POOR?

Jun 13, 2020 | ECONOMY, INTERNET, ITALY, WORLD

By now they are commonly called “the websoft giants”, more precisely: Software & Web Companies operating in internet retailing, software development and internet services (social, search engine, web portal, payment system).
As you can see in the Area ratio of Mediobanca they move absolutely significant figures, especially in the context of the general economic crisis in which we are currently.
Big companies therefore.
The adjective big, however, has several meanings: indicates higher than normal in terms of size and quantity, gives a superlative value, but also expresses admiration and is responsible for the name of one who excels in intelligence, capacity and moral qualities.
Here, compared to these moral qualities, these societies become poor, given that moral ethics is completely irrelevant in economics.
Earnings are the only commandment.
So any opportunity is worth for them, including that of not paying taxes even in the face of huge profits.
Corporate holding companies are valid instruments capable of offering advantages linked to both the management of financial flows and tax savings. One of these tools is cash pooling i.e. the centralization, virtual or effective, of all the financial resources (incoming and outgoing flows) of a group within a single company. The goal is to achieve better management of the company’s treasury, but this also leads to better financial solidity when interfacing with the banking system. All this, transferred to the Dutch territory, where the tax regime is facilitated, thanks also to the tax ruling: a practice that clarifies the tax treatment in advance, allowing multinationals to choose the most advantageous destination of the taxable amount, and where there is a real system of companies without employees, used only to pass on cash flows.
It is clear how much the loss for the state coffers is huge, some estimates have been made and, in particular, it is possible to get an idea from this study: The Missing Profits.
In this regard, I would quote a statement by Giulio Tremonti: “I find Prodi’s phrase romantic that speaks of Holland as a country that exports tulips. Holland is a country that imports holding companies. This is a non-marginal fact in terms of influence and power. “

The CGIA of Mestre has raised an alarm.
Waiting for the WEB TAX, we keep our fingers crossed so that at least the artists’ appeal is heard and that the copyright directive is implemented,
Then it would not be bad if they also implement that paying taxes is in fact a form of social sharing towards people, since it is thanks to these people if they can achieve such considerable profits.

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