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Adevinta wins auction to buy eBay's classified ads unit

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
TikTok sends Dogecoin skyrocketing.
  • Norway’s Adevinta has won the auction to buy the bulk of eBay’s classified ads unit for nearly $9 billion
  • Price and trade volume of Dogecoin exploded following a get-rich-quick TikTok challenge that went viral, followed by a humorous tweet by Elon Musk
  • S&P 500 edged higher as investors rotated into cyclical stocks, optimistic that Washington will deliver a new round of stimulus

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.