US Securities Regulatory Commission bitcoin endorsement live
Now the price of bitcoin has exceeded $40000. Is there a black box operation behind this? Not yet. After all, behind bitcoin, all operations are relatively hidden, and there is no way to track them. However, it can be seen from various phenomena that there must be a group operating behind bitcoin. With the soaring price of bitcoin, I believe many people have heard about the investment method of bitcoin in their daily life. Many people have entered the bitcoin investment market. According to some official data, many people have opened new accounts in bitcoin trading forums. So, is there anyone behind bitcoin going in and operating by others? Today, let's share some of my views on this matter{ RRRRR}
Third, how to view the soaring bitcoin
To be honest, the rising price of bitcoin may be the reason for the market. Bitcoin has done this several times before. We can't unilaterally deny that bitcoin has no value. After all, as the representative of blockchain, bitcoin still has a representative role in a certain sense, but its existing price certainly has a lot of moisture, which can't represent the existing value of blockchain at all. After all, if converted into stocks, bitcoin is now almost equivalent to a Tesla company. In this case, would you choose to invest in Tesla or bitcoinThis big drop in bitcoin prices can be said to have directly led to the collapse of many people. And behind this slump, many people doubt whether there is someone behind bitcoin operating in the dark, controlling the price of bitcoin. Today, we will discuss whether there are hidden operations behind the 470000 people's explosion{ RRRRR}
Third, how to treat the black box operation behind
many people say that the transaction price of bitcoin is controlled by several groups. They control the rise and fall of bitcoin to keep their own funds rising. To tell you the truth, it's possible. As long as you have a lot of bitcoin, you can control the market. But to tell the truth, if we harvest leeks simply by controlling the market trend, it's a bit of a fuss for such a large amount of funds
On August 14, iqiyi responded to the SEC's investigation on its official microblog, saying that it has been actively cooperating with all the SEC's regular inquiries and investigations. At the same time, we have also actively engaged professional consultants to conct internal independent review
we are full of confidence in the stable and rigorous corporate governance structure and internal control process that we have continuously built in the past 10 years. We believe that the results of the survey will once again show all investors iqiyi's stability and responsibility. Iqiyi will continue to bring more quality content and services to the majority of users
Iqiyi's share price fell 19%:
US local time on the 13th, iqiyi disclosed that the company was investigated by the US Securities and Exchange Commission (SEC). The SEC asked the company to provide its financial and operating records since January 2018, and asked iqiyi to provide relevant documents in response to the accusation made by Wolfpack research, a short company, in its short report
Iqiyi shares fell 2.43% to $21.68 on the 13th. After the disclosure, iqiyi's share price fell by 19% after hours. As of about 5:30 a.m. Beijing time on the 14th, iqiyi's share price fell by 16.74% in the after hours period and temporarily closed at $18.05Four months after Wolfpack alleged that it had inflated revenue and exaggerated the number of users through accounting means, iqiyi, which relied on its member service revenue to support half of its revenue, announced on August 14 that it was investigated by the securities and Exchange Commission (SEC) to provide financial records since January 2018, It also mentions the financial content of short Wolfpack
Iqiyi said that it had hired a consultant against the accusation of short seller Wolfpack and could not predict the ration and result of the SEC investigation. Iqiyi's shares fell 19% after hours On the same day, iqiyi released its unaudited financial report for the second quarter ended June 30, 2020. According to the financial report, iqiyi's total revenue in the second quarter of 2020 reached 7.4 billion yuan (about 1 billion US dollars), up 4% year on year. The net loss was 1.4 billion yuan, which was significantly narrower than the loss of 2.048 billion yuan in the same period last year{rrrrrrr}
extended information:
there was a rumor about Tencent's acquisition before
on June 16, this year, Reuters reported that Tencent contacted the network with 56.2% equity of iqiyi to discuss the acquisition of iqiyi shares, and the specific scale of stock purchase has not been determined
according to people close to the Internet, the plan is still in its early stage and may change. Daily economic news (blog, microblog) (wechat: nbdnews) reporter to verify iqiyi, the other side said no comment. Tencent also declined to comment to the media
On the afternoon of June 17, Guo Feng, who was certified as "director of network public relations" by his real name on the Internet app, responded: "don't guess. Iqiyi is an important part of the network content ecological strategy, and the network will continue to support the development of iqiyi. "The reason why iqiyi was investigated by the US Securities and Futures Commission is that iqiyi had fraud before its IPO in 2018, and it has continued to this day
Wolfpack research, a short seller, estimates that iqiyi has exaggerated its revenue in 2019 by about 8-13 billion yuan, or 27% - 44%. Iqiyi achieves this goal by boasting about 42% - 60% of its users. In addition, according to the report, iqiyi exaggerated the costs it paid for its content, other assets and acquisitions, hiding fraud from auditors and investors by burning fake moneyat that time, iqiyi immediately responded: "as for the report of questioning iqiyi issued by a third party organization today, the quoted data and conclusions are seriously untrue and inconsistent with the actual situation. As a responsible listed company, all the financial and operating data disclosed by us are true and meet the requirements of the sec. We firmly deny all the untrue accusations, And reserve the right of legal prosecution. "
However, as a result of the above report, the US Securities Regulatory Commission requires iqiyi to provide certain financial data and operational information since January 1, 2018, as well as the information involved in the short report{rrrrrrr}
extended information:
iqiyi responded
iqiyi responded in the official micro blog, saying: "iqiyi has been actively cooperating with all the SEC's routine inquiries and investigations, at the same time, we have also actively engaged professional consultants for internal independent review."
"we are full of confidence in the stable and rigorous corporate governance structure and internal control process that we have continuously built in the past 10 years. We believe that the results of the survey will once again show all investors the steadiness and responsibility of iqiyi. Iqiyi will continue to bring more quality content and services to the majority of users. "
The reason for iqiyi's investigation can be traced back to April this year. At that time, Wolfpack research, a short selling agency, released a short report on iqiyi. According to the report, iqiyi falsely increased revenue and exaggerated the number of users through accounting means, and covered up by falsely increased cost and cash flow. Later, Hunshui, a short seller, said that it participated in Wolfpack research's investigation of iqiyi. Four months after being sniped by short selling agencies, the short report is still affecting iqiyi
However, some people in the instry think that Wolfpack research's short report is just an article on accounting means; It's not two grades worse than lucky's short report& rdquo; In the latest disclosure, iqiyi said it had hired a consultant against Wolfpack research, but could not predict the ration and outcome of the SEC investigation. Affected by this, iqiyi shares fell 19% on the 14th after hoursin the future, I hope iqiyi can regroup and bring more and better video content to consumers
the US Securities Regulatory Commission will seek public opinions on whether to open bitcoin ETF