@peter_IFAMAG reads Twitter so you don’t have to.
Revolut’s 2020 financial statements reveal a crypto frenzy, £207m in losses but rapid growth year on year. Elsewhere, property expert Henry Pryor argues current house market froth is not from stamp duty holiday.
First Revolut 2020 financial statements reveal valuation 17 times net revenue.
🚨 Revolut 2020 financials 🚨
Revenue: £222.1m ⬆️(2019: £166m)
Loss: £207.9m 🔻 (2019: £106.5m)
Last valuation $5.5bn meaning they're on a rev multiple of ~ 17x 🔥
Change in accounting treatment of cryptos 👀 meaning £39m gain now goes thru P&L (but excl. from revenue above)
— Robert Collings (@RobertCollings_) June 21, 2021
Sifted’s, Isabel Woodford, details Revolut’s full annual report here.
Revolut’s 2020 results: £207m in losses, a crypto frenzy, minimal lending but a promising final quarter https://t.co/GlpNFO4ESa
— Isabel Woodford (@i_woodford) June 21, 2021
Trade between Northern Ireland and the Republic has surged since the implementation of the Northern Ireland Protocol.
The Northern Ireland Protocol has resulted in a serious surge of trade between the Republic of Ireland and Northern Ireland, official Republic figures suggest… pic.twitter.com/MP6ixznCFZ
— Ben Chu (@BenChu_) June 20, 2021
The FT does a deep dive into the question, are memes manipulating the market?
Over the past year, financial memes have grown deep roots in markets, and evolved from attempting to capture reality to arguably actually helping distort it. My latest column, with insight from @kylascan @ParikPatelCFA and @litcapital https://t.co/x0iDCja368
— Robin Wigglesworth (@RobinWigg) June 21, 2021
40% of the cost of a car is made up of its electronics.
If I read this correctly, 40% of the “cost” of a car in 2020 is made up of electronics. Can that be true? https://t.co/wolIvKiq9w pic.twitter.com/saazbdtygn
— Adam Tooze (@adam_tooze) June 20, 2021
‘The BBC’s favorite property expert,’ Henry Pryor. argues current house market froth is not from stamp duty holiday.
https://twitter.com/HenryPryor/status/1406846845389885444
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