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David Webb To End 'Webb-site' Orderly
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David Webb, a prestigious independent stock commentator, said that he will end his financial website “Webb-site” in an orderly manner. In an announcement on the Webb-site website entitled “The coming end of Webb-site”, Webb said that his life had become more difficult due to the symptoms and side effects of metastatic prostate cancer, and that he wished to bring an orderly end to this unpaid and loss-making endeavor before his 60th birthday. He explained that the database of the website had expanded over the years to include a large amount of information and some data sets could only be accurately maintained by human judgment up to the present time. Since 2003, he has spent more than HKD10 million to build and operate the database, as well as the opportunity cost of time. Webb revealed that he had explored the possibility of relocating the database to the University of Hong Kong in 2020, but the specific proposal was ultimately rejected by the University's senior management team. AAStocks Financial News |
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