(Stephen McCarthy/Getty Images) |
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Sotheby's believes it can auction off a banana taped to a wall for at least $1M. It last sold for $120K. The highest bidder will win a roll of duct tape, a banana, and instructions for how to tape it to the wall. Womp. Major US indexes finished mixed yesterday as traders took stock of cabinet-position announcements by President-elect Trump. Meantime, Nvidia shares slipped after the chipmaker reportedly pushed for a redesign of its new AI chips. |
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8 rounds, no KO… Jake Paul may've technically beaten Mike Tyson in Friday's big boxing match, but the real winner was Netflix. The streamer said 65M viewers tuned in to the live event, which is expected to help juice subscriptions this quarter. The catch: Netflix couldn't handle the crowd. At least 100K people reported they were experiencing issues streaming the fight, and disgruntled fans complained on social media about buffering and disconnecting. Glitches haven't slowed Netflix's push into live programming: it's set to exclusively stream two NFL Christmas Day games, and it just announced that Beyoncé will headline a halftime show. Stuck at 99% loaded… Netflix isn't a stranger to technical difficulties during live broadcasts. Its "Love Is Blind" reunion show was such a disaster that Netflix scrapped the livestream, posting a prerecorded version instead. Netflix said it's been testing its tech using smaller live shows, like a cooking show with David Chang, as preparation for airing larger events like WWE matches that'll start in January (it paid $5B for the rights to hit shows like "Raw"). As streamers come for cable's lifeline (sports), Netflix isn't the only one struggling to go live: |
- NBCUniversal's Peacock had issues while streaming soccer and tennis last year, and fans complained about buffering during an October NFL Sunday Ticket game on YouTube TV.
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The lights are harsh in the arena… and the stakes are high with live events. Friday's fight had some questioning whether Netflix could pull off its NFL game featuring Beyoncé, which could draw 30M+ viewers. But live programming could be worth the risk: it introduces ads that even premium subs can't skip. On that note: Netflix said it sold out of its Christmas Day NFL ad slots. |
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Big tech, small data… Why are industry leaders like NVIDIA, Intel and Ericsson partnering with Atombeam1? It's the company reimagining machine communication — and potentially the future of big tech. That's thanks to Neurpac, Atombeam's patented software technology that can reduce the size of low-entropy data by an average of 75%. Lightning fast… Neurpac enables 2-4x more data to be sent faster and more securely over existing networks—no hardware upgrades — just smart, AI-powered software. To the moon and back… The U.S Space Force and U.S. Air Force have already been on Atombeam's customer books — and the company's potential market is still gaining ground. Atombeam is in discussions with multiple companies, ranging from a major packaging brand to an EV enterprise. $16M has already been invested into the company. You can invest before the round closes in 29 days.2 |
1 The partnership relationship varies between companies and can include the following: inclusion on a preferred vendor list, invitations to participate in certain forums; listed on the other company's website, and introduction and networking opportunities. |
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Big tech, small data… Why are industry leaders like NVIDIA, Intel and Ericsson partnering with Atombeam1? It's the company reimagining machine communication — and potentially the future of big tech. That's thanks to Neurpac, Atombeam's patented software technology that can reduce the size of low-entropy data by an average of 75%. Lightning fast… Neurpac enables 2-4x more data to be sent faster and more securely over existing networks—no hardware upgrades — just smart, AI-powered software. To the moon and back… The U.S Space Force and U.S. Air Force have already been on Atombeam's customer books — and the company's potential market is still gaining ground. Atombeam is in discussions with multiple companies, ranging from a major packaging brand to an EV enterprise. $16M has already been invested into the company. You can invest before the round closes in 29 days.2 |
1 The partnership relationship varies between companies and can include the following: inclusion on a preferred vendor list, invitations to participate in certain forums; listed on the other company's website, and introduction and networking opportunities. |
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Low spirits… Spirit Airlines, known for budget fares and bare-bones service, became the first major US carrier to file for bankruptcy in over a decade. Despite all the extra fees it charges for bags, seat selection, and even water, Spirit hasn't posted an annual profit since 2019. It's lost $2.2B since early 2020 as its costs surged and fares fell in an oversupplied US market. Its problems got worse this year when a federal judge blocked its plan to get acquired by JetBlue. |
- Baggage: With no one to take it under its wing, Spirit was left alone with $1B+ in upcoming debt payments. The stock plunged ahead of its delisting from the NYSE.
- Next steps: Spirit said it expects to continue operating and exit bankruptcy early next year. Its CEO tried to reassure customers that they can still book and fly.
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Melting ice to get free water…. Customers have stomached Spirit's no-frills service in exchange for low fares. Spirit's model pressured other major airlines to lower their fares and offer more budget-friendly tickets (think: basic economy). But since the pandemic, Spirit and other discount carriers like Ryanair have struggled to capitalize on booming revenge travel. This summer was the busiest ever for airlines, but Spirit couldn't turn the demand into financial gain. Though its passengers grew in the first half of the year, sales fell because fares were down 20%. Meantime, labor costs ballooned as pricing competition heated up. |
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Flexibility is power… Larger airlines like Delta and United offer everything from basic economy to first class, allowing them to attract both budget flyers and big spenders. Since premium and international fares are the biggest moneymakers, larger carriers capitalized on the travel boom and offset rising costs (unlike Spirit). In July, Spirit expanded its tiers and introduced a perk-filled package to compete with premium airlines, but it may've been too late. |
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A discussion with author and crypto jack-of-all-trades Nat Eliason. Read more. |
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You have now. Grayscale's Bitcoin Mini is the lowest-cost3 way to gain exposure to Bitcoin without switching platforms, getting a crypto wallet or opening an account on a crypto exchange (though brokerage fees may still apply). Simply search for 'BTC' wherever you trade. Furthermore, BTC comes from a specialist sponsor: Grayscale. Think crypto, invest Grayscale. |
Grayscale Bitcoin Mini Trust ETF ("BTC"), an exchange traded product, is not registered under the Investment Company Act of 1940 (or the '40 Act) and therefore is not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds. |
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You have now. Grayscale's Bitcoin Mini is the lowest-cost3 way to gain exposure to Bitcoin without switching platforms, getting a crypto wallet or opening an account on a crypto exchange (though brokerage fees may still apply). Simply search for 'BTC' wherever you trade. Furthermore, BTC comes from a specialist sponsor: Grayscale. Think crypto, invest Grayscale. |
Grayscale Bitcoin Mini Trust ETF ("BTC"), an exchange traded product, is not registered under the Investment Company Act of 1940 (or the '40 Act) and therefore is not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds. |
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- TikTok parent ByteDance valued its biz at $300B as Trump said he'd oppose a US TikTok ban.
- Americans' credit-card debt hit a record $1.17T last quarter, ahead of the holiday-shopping szn.
- The Associated Press plans to cut 8% of its employees as the media industry faces sagging ad revenues.
- Warner Bros. is said to be settling its streaming lawsuit against the NBA over the league's $76B in broadcast deals with Amazon, Disney, and NBC.
- Software co MicroStrategy scooped up about 51,780 bitcoin last week for $4.6B, issuing stock to fund the buy, as BTC climbed north of $90K.
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- 1,000th day of the Russian invasion of Ukraine
- US housing starts
- Earnings expected from Walmart, XPeng, Lowe's, Medtronic, La-Z-Boy, and Dolby Labs
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Authors of this Snacks own bitcoin and shares of: Amazon, Delta, Disney, Nvidia, Walmart, and Warner Bros. Discovery |
Advertiser's disclosures:
2 This is a paid advertisement for Atombeam's Regulation A+ Offering. This Reg. A+ offering is made available through StartEngine Primary, LLC, member FINRA/SIPC. Please read the Offering Circular and related risks at Atombeam's webpage on StartEngine before investing. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion. This was a paid for ad. Sherwood Media has been compensated for this ad by the Atombeam Reg A+ Campaign hosted on StartEngine. Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities. 3 Lowest cost is based on gross expense ratio at .15%. Please read the prospectus carefully before investing in the Trust. Foreside Fund Services, LLC is the Marketing Agent for the Trust. Investing involves significant risk, including possible loss of principal. The Trust holds Bitcoin; however, an investment in the Trust is not a direct investment in Bitcoin. As a non-diversified and single industry fund, the value of the shares may fluctuate more than shares invested in a broader range of industries. Extreme volatility, regulatory changes, and exposure to digital asset exchanges may impact the value of Bitcoin and, consequently, the value of the Trust. Digital assets are not suitable for an investor that cannot afford the loss of the entire investment. There is no guarantee that a market for the shares will be available, which will adversely impact the liquidity of the Trust. The value of the Trust relates directly to the value of the underlying digital asset, the value of which may be highly volatile and subject to fluctuations due to a number of factors. There is no certainty that an active trading market for shares will develop or be maintained which will adversely affect the liquidity of shares of the Trust. |
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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more |
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