LBLV The main economic events of 2019! HD

LBLV Outcomes 2019 - The results of the year In this special newscast LBLV’s team offers to recall the most important, noted and significant events of 2019: 1. Favorite of the year - Saudi Aramco Undoubtedly, Saudi Aramco became the biggest capitalization company in the outgoing year, with the largest IPO in the history. The Company was preparing for a listing for three-years, and finally the state-owned firm has made public offering on December 11th, 2019. At the start of trading, capitalization of Saudi Aramco hit $1,88 trillion, outperforming tech giants such as Microsoft and Apple. There is no telling that Crown Prince’s expectations have not been met as value of the company marked $2,064 trillion during the second day of trading. 2. Consequence of the year – Huawei’s ban In May this year Donald Trump signed an executive order aimed at protecting U.S. telecommunication infrastructure from international threats. By this move he launched a chain of negative consequences, worsening trade war with China, which led to slowdown in world’s economy growth. Eventually, the Department of Commerce added Huawei to the black list, also barring U.S. companies to cooperate with Chinese tech firm. Fortunately, understanding that American business may face large losses, White House granted temporary licenses to some companies to cooperate with Huawei. The last time this license was prolonged to February, 2020. 3. Breakthrough of the year – 5G technology In 2019 the world’s largest economies launched IT-trend on fifth generation high-speed mobile Internet technology. Global hype around 5G was driven by above-mentioned scandal with Huawei. U.S. intelligence agencies accused Chinese firm for espionage, and facilitated suspense of American companies’ equipment supplies for 5G network creation. A few months later Donald Trump urged Apple CEO Tim Cook to involve Apple in developments of 5G network in the U.S. 4. Disappointment of the year – WeWork WeWork, considering as a high-potential co-working chain, has become the main disappointment of investors this year. One of the most expensive startups has revealed unpleasant details during its preparation for the IPO. Among them was net losses ratio, which hit $1,6 billion year earlier. It turned out that WeWork CEO Adam Newmann had issued share-based loans, had parties at his firm, and was guided by Kabbalah in choosing the amount and date of IPO. It is not surprising, that not only IPO has failed, but the Company itself has fallen in price from $47 to $3 billion. Later, the startup passed into Softbank’s hands. 5. Crisis of the year – Confidence in U.S. tech giants Accumulated over the years concerns of investors communities were confirmed in 2019: almost all large tech companies in the U.S. bugged their customers through advanced voice assistants or voice message options. For example, Apple hired freelancers to listen Siri’s recordings. The company paid close attention to medical secrecy, love and working co