- Exec Sum
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- Page 37
Archive
New Retail Degen Legend Just Dropped
UK inflation topped 10%, SPACs are dead, Turkey and Israel restored diplomatic relations, sports betting companies are cutting back on ad spend, Lebron and Matt Damon crypto ads have disappeared, and Ryan Cohen is selling his Bed Bath & Beyond shares.
To Infinity, Bed Bath & Beyond 🚀
Bed Bath & Beyond is making meme stocks cool again, Walmart and Home Depot had great earnings, Biden signed the Inflation Reduction Act, US homebuilding is cooling, Chinese tech companies shared their algorithms with Chinese regulators, and Dodge is discontinuing the Charger and Challenger.
The Return of Adam Neumann
Adam Neumann is back for a second act, China's economy is faltering, DoorDash is testing Facebook Marketplace deliveries, Snapchat+ hit 1M subscribers, Chinese firms have Swiss GDR mania, Dan Loeb went activist on Disney, and Unity rejected a takeover bid.
Musked Again
Musk sold more Tesla stock after stating he was done selling back in April, Carlyle's CEO quit because he didn't get a $300M comp package approved (lol), the Trump FBI raid memes were hittin' on social media, and Serena Williams announced she's retiring from professional tennis this year.
Planet of the $APEs
AMC is issuing $APE preferred shares to shareholders as a special dividend, Coinbase is partnering with BlackRock to let its institutional investors buy bitcoin, VC fundraising is set to hit a new record in 2022, Cuba is ramping up its dollar purchases, and the US declared monkeypox a public health emergency.
Not The Year of The Tiger
Gas prices have fallen for seven straight weeks, tech stocks led a green day in the market, millions of Americans quit their jobs in June, Airbus scrapped a deal with Qatar Airlines, the SEC is probing Robinhood, CVS is eyeing the primary care business, Phil Mickelson and friends are suing the PGA, and Tiger Global is down horrendous YTD across all of its funds.
Uber Finally Made Money
Pelosi is risking it all in Taiwan, Forbes is looking to sell for $600M+, another $200M crypto hack occurred, Uber is finally free cash flow positive, Robinhood laid off 23% of its staff, British Airways is halting some flights, and most importantly: Taco Bell is bringing back the Mexican Pizza 🙏🏼