Last November, IBM ( NYSE:IBM ) completed its spin-off of Kyndryl ( NYSE:KD ) , the managed infrastructure services segment of its Global Technology Services segment. Each IBM shareholder received one new share of Kyndryl for every five shares of IBM they held. IBM still retained 20% of Kyndryl's outstanding shares following the spin-off, but it plans to sell that entire stake this year. Presumably, the separation would enable IBM to dump its slowest-growth legacy business to focus on expanding its higher-growth hybrid cloud and AI businesses. Image source: Getty Images. Kyndryl's stock opened at $31.50 on Nov. 3, but it now trades at about $17 per share. During that same period, IBM's stock advanced about 4%. That divergence wasn't surprising, since IBM framed the spin-off as a way to jettison its weakest businesses to invest in more promising markets. But are investors overestimating IBM's turnaround potential while ignoring Kyndryl's ability to expand without … [Read more...] about Better Buy: IBM vs. Kyndryl
New york red bulls vs chicago fire
By Li Yuan , The New York Times Company Like many ambitious young Chinese, Zhao Junfeng studied hard in college and graduate school so he could land a coveted job as a programmer at a big Chinese internet company. After finishing graduate school in 2019, he joined an e-commerce company in the eastern Chinese city of Nanjing, got married and adopted a cat named Mango. In November 2021, he moved to Shanghai to join one of China’s biggest video platforms, iQiyi. He was on track to achieve a much-desired middle-class life, documenting his rise on his social media account. Then barely a month into his new job, he was let go when iQiyi laid off more than 20% of its staff. The ranks of the unemployed technology workers are swelling as China’s once vibrant internet industry is hit by a harsh and capricious regulatory crackdown. Under the direction of China’s top leader, Xi Jinping, the government’s unbridled hand is meddling in big ways and small, leaving companies … [Read more...] about As Beijing takes control, Chinese tech companies lose jobs and hope
With more and more states legalizing medicinal and adult-use cannabis, it may seem as if investing in this space would be a no-brainer. While some may feel that way, in reality there are still legal and regulatory challenges that have held back what otherwise would likely be a booming industry. Planet 13 Holdings ( OTC:PLNH.F ) has a unique strategy that just might give it a leg up in the cannabis space. So what will happen to Planet 13's stock in 2022? Will it skyrocket to the moon or crash back to Earth? Image source: Getty Images. Recovering from pandemic restrictions Planet 13 is a vertically integrated cannabis company, meaning it does everything from growing cannabis to testing, distributing, and selling. It mainly operates in Nevada and California but is already expanding beyond those two states. What sets the business apart is its unique retail experience. In both Las Vegas and Orange County, California, Planet 13 operates "Superstores," massive retail … [Read more...] about Planet 13 Stock in 2022: Skyrocket or Crash?