☕️ eToro's USD1.5 trillion trading volume in 2020

USD55 mil/pax to fly to the moon as a commercial tourist. Reddit vs Wall Street GameStop madness continues. Goldman Sachs CEO laughable 36% pay cut over 1MDB scandal.

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3.2 million iPhones were shipped in India in 2020, up 60% y-o-y.

US$55 million — the price of the “ticket” to International Space Station via a SpaceX rocket.

15,500 parking compounds were issued by Seberang Prai City Council in Jan 21, almost doubled the same time last year. Curious to know what is the Ringgit value of these compounds.



  1. Petroliam Nasional Berhad (Petronas) is the most valuable Asean brand in the Brand Finance Global 500 report for 2021.

    Brand Finance considers brand’s strength, business and economic outlook at the key components in calculating a brand’s value.

  2. The Court of Appeal has quashed a development order for a proposed high rise project in Taman Rimba Kiara. The development has been long opposed by residents of Taman Tun.

  3. KPower Bhd’s subsidiary KPower Engineering Sdn Bhd, has entered into a memorandum of agreement today with Public Bank Islamic Bank Bhd on the financing and installation of solar photovoltaic systems for the Bank’s customers in relation to net energy metering (NEM) scheme.

  4. MCO extended to mid-February in Sibu due to high number of Covid-19 cases as the number of cases continue to increase in Sarawak. Only 11 out of 40 districts are “green” at the moment.

  5. Former attorney-general of Malaysia, Tommy Thomas revealed in his memoir that Dr M wanted him out one day after his appointment after Malay backlash. However, Tommy Thomas held the post for 20 months until the fall of the PH government back in Feb ‘20.

  6. The Principal Asset Management Bhd reported its assets under management increased by 5.1% to RM92.6 billion in 2020 from RM88.1 billion in 2019. The fund house has 79 funds in total.


  1. Starbucks COO, Roz Brewer will be stepping down from her position at the end of February and will be the new CEO of Walgreens Boot Alliance. This will make Brewer the only Black female CEO of a Fortune 500 company and the 3rd in history: first was Ursula Burns, Xerox’s CEO from 2009 until 2016 and Mary Winston, interim CEO of Bed Bath & Beyond for less than a year in 2019. 

  2. eToro, the social trading platform, hit USD600 million in gross revenue in 2020 with trading volume reaching USD1.5 trillion, growing 400% from 2019 and 17 million users, growing from 13 million from beginning of 2020.  It’s secondary market valuation has surged over USD2.5 billion, 2x from 2018. 

  3. Goldman Sachs, after being complicit in the 1MDB scandal and paying USD3 billion fine to settle with the US Department of Justice, its CEO, David Solomon is taking a 36% pay cut (USD10 million) in response to this. His compensation is still USD17.5 million in 2020. Seems like he got away easily. Perhaps, his compensation was tied to him getting a bargain settlement deal with the Malaysian government, which most Malaysians believe he did. 

  1. 7 Eleven Inc is potentially raising a USD10.95 billion, which is set to be the biggest corporate debt sale globally so far (we are still early into 2021). This will help finance its Tokyo-based parent Sevenn & i Holdings’ USD21 billion acquisition of Speedway gas stations in the US from Marathon Petroleum Corp. 

  2. UK Prime Minister Boris Johnson has announced that England’s lockdown to counter the coronavirus will be extended for at least 3 more weeks into March. This announcement comes as the UK passed 100,000 deaths from Covid-19 on Tuesday, one of the highest deaths per 1 million people of any country. 

  1. The GameStop madness where Redditors are ruining Wall Street’s short positions continues into its second day with its stock price more than doubling from its closing price yesterday with a rough estimation that the hedge funds’ losses ballooned to USD25 billion from USD6 billion overnight. It became the planet’s most traded equity yesterday, with traded volume of USD20 billion even exceeding the mega caps - Tesla, Apple, Amazon and Microsoft. One of the short sellers, Citron Capital has closed its short positions at a 100% loss. Below is a good, short and hilarious summary on how this madness started. 

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