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That hurt tech stocks. For the past few weeks, the 10-year yield has traded between 1.72% and 2%, as traders moved into the bond for safety when Russia headlines were uglyā€”and out of it when headlines improved. Now, the yield is touching its pandemic-era high. If the yield breaks above that level, that could signal that itā€™s on a sustainable path higher. Higher long-dated bond yields make future profits less valuableā€”and many tech companies are valued on the basis of profits forecast for many years in the future. At the start of 2018, the company attempted to launch an Initial Coin Offering (ICO) which would enable it to enable payments (and earn the cash that comes from doing so). The initial signals were promising, especially given Telegramā€™s user base is already fairly crypto-savvy. It raised an initial tranche of cash ā€“ worth more than a billion dollars ā€“ to help develop the coin before opening sales to the public. Unfortunately, third-party sales of coins bought in those initial fundraising rounds raised the ire of the SEC, which brought the hammer down on the whole operation. In 2020, officials ordered Telegram to pay a fine of $18.5 million and hand back much of the cash that it had raised. I want a secure messaging app, should I use Telegram? Markets continued to grapple with the economic and corporate earnings implications relating to the Russia-Ukraine conflict. ā€œWe have a ton of uncertainty right now,ā€ said Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors. ā€œWeā€™re dealing with a war, weā€™re dealing with inflation. We donā€™t know what it means to earnings.ā€ "Someone posing as a Ukrainian citizen just joins the chat and starts spreading misinformation, or gathers data, like the location of shelters," Tsekhanovska said, noting how false messages have urged Ukrainians to turn off their phones at a specific time of night, citing cybersafety.
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