(Anna Moneymaker/Getty Images) |
TikTokers unite for the FYP |
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Move over, Canada. Folks looking to take a break from the US after the election have a new option: a four-year “Skip Forward” cruise marketed as an escape from political reality. A single room costs $256K.
Major US indexes ticked down yesterday, reversing course after a white-hot rally post-election. Meantime, bitcoin hit a new record high of $90K. |
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The Rizzler endures… The For You Page could live to see another scroll. President-elect Trump’s key allies expect him to try to reverse TikTok’s looming US ban, making good on his campaign promise — and backpedaling on his 2020 attempt to block the app nationwide. As of now, TikTok’s Chinese parent, ByteDance, has until January 19 to separate from the app or be banned in the States. If ByteDance doesn’t divest, then app stores including Apple’s and Google’s could face huge fines if they keep offering TikTok. The ban-or-divest deadline is one day before Trump’s inauguration.
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- Hard stop: Trump’s chances of stopping the ban could improve should President Biden extend the deadline before leaving office, or if TikTok wins its court case. Legal experts expect TikTok will lose its appeal and escalate its case to SCOTUS.
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Cloudy outlook: Some of Trump’s Cabinet picks, including Sen. Marco Rubio, Gov. Kristi Noem, and Florida Rep. Mike Waltz, have supported or enacted smaller-scale TikTok bans in recent years.
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Posting through it… Having the Tik-ban wiped off the books would be welcome news for advertisers, influencers, and a lot of its 170M US users. Industries including beauty, music, and apparel have grown to depend on Tok-driven demand and would likely celebrate the ring lights staying on. But it’d be a big disappointment to attention-economy rivals like Meta and YouTube, which looked poised to scoop up billions of TikTok’s US ad $$.
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Everyone’s fighting it out in the comments… Public approval for banning TikTok collapsed from 50% last year to 32% this summer. But many lawmakers and safety experts haven’t changed their tune on the national-security risks posed by ByteDance. Advertisers have mostly kept up business as usual: despite the ban, 70% said they’re planning to increase their TikTok spend next year. |
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ETFs are so in… at least according to Gen Z. Research from Nasdaq finds that nearly half of all trades advisors made for Gen Z-ers were in the form of ETFs. Their latest report The Ascension of Gen Z Investors takes a closer look at the preferences of the latest entrants to the investment market, finding that: |
Nasdaq leads the way in investment intelligence. Read the full report for free.1 |
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ETFs are so in… at least according to Gen Z. Research from Nasdaq finds that nearly half of all trades advisors made for Gen Z-ers were in the form of ETFs. Their latest report The Ascension of Gen Z Investors takes a closer look at the preferences of the latest entrants to the investment market, finding that: |
Nasdaq leads the way in investment intelligence. Read the full report for free.1 |
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Hitting the high note… Live Nation stock popped to a record high yesterday after investors liked the sound of the Ticketmaster owner’s earnings. The US’s largest concert promoter said it sold 144M tickets this year through October, up 3% from last year. On-site spending per fan (think: food, merch) rose at Live Nation’s music fests and amphitheaters. While total sales and profit fell on the year, Live Nation said concert momentum is hot.
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- Encore: Live Nation’s already sold 20M+ tickets for next year, up significantly from the same time last year, and it’s hyping a big lineup including Shakira, Rüfüs Du Sol, and Coldplay.
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On ice: Live Nation’s still facing a DOJ lawsuit that seeks to break it up from Ticketmaster, but its president said he’s hopeful that regulatory heat could cool under the Trump admin.
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A new era… Live Nation had its biggest summer concert season ever this year with stars like Taylor Swift and Beyoncé attracting millions of fans worldwide. FYI: the price of an average concert ticket is up nearly 10% from last year, to $127. But that hasn't stopped fans from filling seats: over half of US consumers have gone to at least one live event in the past six months. And over a third of millennials and Gen Zers said they’d tap into savings to cover live-event travel expenses.
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VIP = very important profits… After a blockbuster year, Live Nation’s focusing on superfans willing to splurge for premium experiences like better seats, VIP club access, and priority parking. The company said that in the future, VIP-tier options could make up over a fifth of show sales, and it plans to build capacity for 8M additional fans next year to accommodate more premium offerings. |
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Which car company’s fastest-growing unit is its $8.5B energy generation and storage division? (Answer here.) |
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The failed promise of smart speakers, and some internal fumbles, led to the audio giant’s decline. Can headphones save it? Read more. |
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Spotify’s been putting profit on repeat after reporting its third straight profitable quarter, boosted by a 12% surge in premium subs.
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Chipotle shareholders sued the burrito biz, alleging it kept smaller portions under wraps, which hurt the stock price after TikTokers complained.
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Netflix said its cheaper ad-supported tier has 70M monthly users and makes up half of new signups where it’s available.
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Angelenos can now ride one of Waymo’s self-driving Jaguars anywhere in LA county; it’s the robotaxi company’s biggest-ever expansion.
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Boeing said that it’d take weeks to fully restart factories following the end of a seven-week machinists’ strike that halted plane production.
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The ETF flex: Gen Z investors are active market participants, and ETFs are their thing. Nasdaq’s latest research takes stock of the ETF landscape and the generational trends behind it — read the report for free.1
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Consumer price index
- Earnings expected from Cisco, Dole, and Sonos
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Authors of this Snacks own bitcoin and dogecoin and shares of: Alphabet, Amazon, Apple, and Microsoft |
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1 Nasdaq® is a registered trademark of Nasdaq, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security, digital asset or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or digital asset or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies or Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing.
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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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