May. 14 at 1:57 PM
$YAHOY @Stocktwits Can you update the name and price? The name is LY Corp now, and I believe Cathie Woods bought some at around 450 JPY last year - its 386 JPY now. She likely added down as her
$ARKF has near 7 million shares now.
Great time to add since 1 USD = 156.48 JPY.
Going to be derisked as I believe Naver decided to refrain from selling its stake. Doesn't matter now as LY Corp decided to invest in its domestic infrastructure, about 15 billion JPY, to detract from reliance on Naver due to security risks, which frankly is an excuse albeit understandable. Pushing Paypay and Softbank wants to IPO it, thus needs to raise its value by inflating LY Corp now - great time as Osaka Expo soon, in 2025, which would be followed by tax hikes end of year or early 2026 in Japan, which everyone expects to happen based on just looking at Japan. Tax hike is bullish for this stock btw, at least initially.