Week 4, October 21 – Weekly Wrap Up
1.) Meta..World Peace?
2.) Tesla $1T Cap
3.) Apple Ads Fallout
1.) Meta..World Peace?: Facebook is now Meta! Or rather a holding company housing the FB family of apps and FB Reality Labs, a big (expensive) bet on the future of reality. Maybe it will bring about world peace? It’s undoubtedly the dawn of a new era of internet lore!
2.) Tesla $1T Cap: Elon has built, fought, tweeted, and meme’d his way to a $1T market cap for the electric car giant Tesla. Its market cap is higher than all other car companies combined! They’re selling cars to Hertz. Maybe they’ll save our planet too?
3. Apple Ads Fallout: Snap saw a big q/q share decline, Pinterest was reportedly on the block, FB’s ads growth has been affected, and other consolidation too! Apple’s major privacy changes have shaken up the mobile ad world and now we’re seeing the effects in earnings. More to come here in the months ahead..