Money is the best Love Language! 🤑
This week, we started dashing MILLIONS! But that aside, we're now 2 Billion on IG, Uber's Dara is smooth, Netflix is in a boxing ring & even covid couldn't stop love.
Hi,
Christmas is in the airrrrrrr!!!
Who’s ready to catch some feelings this Christmas? Many of you be like:
May the joy of this season fill our hearts, lives and home. Now onto the matter of zaa day!
Give love, spread love - jUsT because!!!!
…Even Covid, Couldn’t Stop Love
Since it’s the holiday season, it’s only right that we get a little sentimental.
Alexa, play somebody’s son by Tiwa savage.
While that’s playing in the background, let’s get into it. It seems that regardless of what is happening in the world, we’re clearly looking for somebody’s son (and/or daughter) 🤠🤠 …which must be why the online dating app, Bumble (BMBL) has remained mostly unaffected by the COVID and its incessant variants. Whitney Wolfe Herd, Bumble’s CEO, said that demand for Bumble’s products doesn’t change when a new variant is found or covid restrictions are mounted.
In summary,
The reason for their steady demand is because bumble offers different optionalities to customers e.g., in a lockdown situation, the video call feature allows you to go on a date without having to physically go on a date. Errm isn’t that just Facetime or Whatsapp Video call? …but let me not say it before you say Tomi is a hater.
2 Billion Gang on IG
…and it’s 2 Billion of us on IG y’all!!!!
Despite a difficult year for Instagram, with controversies ear and dear for a number of reasons, they inked 2 billion users still! #WhenYoureBigYoureBig It took Instagram just about 3 years to double their user base from 1 billion to 2!
God of Zuckerberg, Trove can use 2 billion users too naw! Yea, we know Mark is a badass and everything but you know why this is something yooooge? IG has been facing intense competition from… the one and only: TikTok that’s been surging in popularity over the past two years, mehn!
This won’t quite knock your socks off but Instagram is also doing significantly better than its sister company, Facebook. 🌝🌝 Over the same timeline, Facebook's user base has grown by just about 30%.
Y’all still on Facebook though???
Uber’s Dara on the Beats!
Uber's CEO said something nice, and the stock reacted even nicer!
Shares of Uber jumped on Tuesday after CEO Dara Khosrowshahi said the rideshare company just had its “best week ever in terms of overall gross bookings.”
But Tomi, what are gross bookings?
Gross bookings typically refer to the company’s combined bookings for both its ride-sharing and delivery businesses, but Khosrowshahi also said the ride-sharing business is recovering nicely.
“Our overall mobility business continues to get closer to pre-pandemic levels,” Khosrowshahi said. “We’re starting to inch up to call it like the 90% mark, we’re not quite there. Last week was our best week, you know, post-pandemic.” Smooth guy
The stock closed up more than 4% after Khosrowshahi spoke in a digital fireside chat hosted by UBS. The comments also sent shares of competitor Lyft up nearly 1.5% as investors jumped on the signal that demand is increasing for ride-sharing services.
Lyft stock was like:
Netflix ain't playing in India!
Netflix is clearly not afraid to go toe to toe with the big boys!
Netflix slashed its subscription prices in India by 60% in a bid to stay ahead of its main competitors in that country… We see you Disney, Amazon…
Issa Price Warrrr!!!
The price will drop to 199 Indian rupees ($2.62) a month, for its basic plan that lets users watch content on a single device. The price of its mobile-only plan will drop a quarter to 149 rupees ($1.96), with overall prices of various plans falling ~18% to 60%.
These new prices are the “real ‘Money Heist', Netflix said in its announcement, using the name of one of its popular television shows. 😈😈😈 Netflix is hoping that its price cut will capture a larger market and ensure its dominance in the South Asian country. If subscriber growth grows exponentially in the world's second-most populous country, maybe the stock could go to the moon!
Amazon & Disney seeing this:
We’re crushing SAPA this December!
If you know anything about us, you'd know we loveee the holidays & we're all about stopping Sapa!
That's why #TheMoreTheMerrier season is here!
This season, we're giving away:
N1 Million, N500,000, & N250,000 in grand cash prizes,
N50,000 every week to our top referrers
$5 GUARANTEED for every 10 people referred,
10 tickets to see WIZKID live on the beach!
Don't sleep on it! Download Trove, Start Referring, & Start Winning Now!
Good luck, I'm rooting for you!
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You already know!!!
Merry Christmasssssssss in a lil’bit!
Your dearest and favourite Stocks Market Gist Partner,
Tomi, From Trove 🖤
XOXO