Apple, Forever In Our Pockets! 🍏📱

New iphones are here, Amazon is splitting 20 for 1, More US companies are leaving Russia, and Cars could charge up your homes soon. And oh, Join me live on Twitter at 7pm WAT, today!

Trove

Mar 13, 2022

Hello People of God,

I’m hoping you had a terrific week & an even better weekend!

Sending my love your way, today & always!

Do not forget to join me on Twitter Spaces in a few hours!!!

More details below!

When you discover there was a lot of great news this week:

So far, March has given us great reasons to be optimistic. This week was no different.

Let's get on with it, shall we?

Apparently, Your Car Could Power Your Home Soon! 🚗⚡🏡

General Motors recently announced a pilot program with Pacific Gas and Electric Co. (PG&E) in California that would make its electric vehicles capable of powering a home in the event of a power outage or grid failure.

Waiiiitttt… Hol’ Up!

“This is really significant because it’s another benefit of owning an electric vehicle,” GM’s CEO Mary Barra said. I mean, what?! That’s massive yo! But other automakers are also in the market with their own brands, like Ford Motors’ 2022 F-150 Lightning Electric Truck, due out this spring. Getting an EV might not be the worst investment afterall 🤔

Me, trying to connect my regular car to my house:

Some of PG&E’s utility customers will take part in the pilot this summer, according to Barra. The companies are looking to scale the pilot to a broader customer base by the end of 2022.

Yet another 20-for-1 Split

These splits are becoming so common these days, huh?

Per usual, ... let's start with a small gist… Shall we?

Amazon went public in 1997 and had its last stock split in 1999, since then Amazon’s stock has been up 4,300%. {start doing the math… I’ll get back to that later lol}

The board at Amazon has decided to go the route of Google’s Alphabet, Tesla and Apple with a 20-for-1 stock split, which will take effect starting the 3rd of June. The board also approved a massive $10 billion stock buyback, making it the biggest share repurchase in the company's history. God when 🥺

Quick One: Stock buybacks refer to the repurchasing of shares by the company and occur when the issuing company pays shareholders the market value per share and re-absorbs that portion of its ownership that was previously distributed among public and private investors.

Most times, Stock buybacks indicate that the stock price could go up (for many complicated reasons that we won’t get into right now 🤭🥴…), although, stock or share buyback is not without its downside.

Now, back to the math: a $1000 investment in the Amazon IPO in 1997 would be worth about $2.5 million today.

New iPhones are here… Again!😹🌝

You can always count on death, taxes,... & a new iPhone every year. Apple did not disappoint!🌚

Apple just wrapped up its first product event of the year. It focused on a new & affordable iPhone, an update to the iPad Air and its latest, most powerful Mac chip, which will make its debut in the new Mac Studio computer. Of course, they did.. 😏👀

They also teased a new Mac Pro but said they'd talk about that at another event.

You can watch the full event here:

U.S BRANDS ARE PRESSING P(AUSE)

Everyone is trying to get out of Russia, and US Brands are not excluded.

Since the Russian invasion of Ukraine began, over 300 companies have stopped operations in Russia.

Foreign companies after watching the news about Russia attacking Ukraine :

This week, four major American companies joined the great exodus.

A perfect example of how people are only with you when things are good

PepsiCo, Coca Cola, McDonald’s and Starbucks each announced that they are suspending business in Russia henceforth.

PepsiCo and McDonald’s have been present in Russia for decades but PepsiCo has had the longest run, operating in Russia since 1974.

Been there since Russia was in the Soviet Union.

Russia contributes about 4% of PepsiCo’s annual revenue and is one of the few regions where they have a stronger presence than their biggest rival Coke.

So closing down is a statement for them.

Although Pepsi isn’t suspending all its sales, it will keep selling some vital items like baby formula, milk and baby food.

I mean, somebody has to look out for the kids right?

However, it will completely halt sales of Pepsi Cola, Miranda and 7Up along with capital investments and all advertising promotional activities.

McDonald’s also announced that all 850 of its Russian restaurants will close. 😪

Starbucks said it would suspend all Russian business activity including the shipment of products. The Starbucks CEO, Kevin Johnson, also decried the Russian attacks on Ukraine.

Nobody really wins in a war.
Let’s make peace not war.