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Thursday links: embracing imperfection

Abnormal Returns

techcrunch.com) SpaceX SpaceX is reportedly planning a tender offer for employee shares at a $175 billion valuation. bloomberg.com) Bonds Vanguard is launching new actively managed bond ETFs. newsletter.abnormalreturns.com) Mixed media The ad-supported Internet is collapsing in front of our eyes. thedailybeast.com)

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Telecom stock to buy now for an upside of more than 20%; Recommended by Jefferies

Trade Brains

Jefferies is projecting revenue growth in the mid-teens, driven by increasing data consumption and digital adoption, attractive valuation, and an overall structural decline in capex intensity, providing the potential to increase free cash flows. are their own, and not that of the website or its management.