New Facebook Name: Tomi? 🌚
This week, Donald Trump is back, Paypal wants Pinterest, Netflix & Tesla crush it, and FaceBook is gone! 👀
Hi,
Sup? So y’all didn’t check on me all week, abi?
Trump could be back on Social Media!
If you remember, Trump was notoriously banned by major social media giants earlier this year, following his posts related to the United States Capitol January 6 riots. In normal Trump fashion, Former President Donald Trump announced that he’s finna launch his own media network, including a social media platform called “TRUTH Social,” in order to “stand up to the tyranny of Big Tech.” 🤦♂️ Y’all know how Trump can be 😵😈
So the story is that Trump Media and Technology Group (TMTG) will list on the Nasdaq through a SPAC merger with Digital World Acquisition Group and the company’s first project will be this social media platform. The transaction values TMTG at up to $1.7 billion. I guess the rich only get richer.
...and news flash, by Friday, the stock had soared by up to 500%!
“We live in a world where the Taliban has a huge presence on Twitter, yet your favourite American president has been silenced,” Trump claimed. 🤔😭
Wetin Musa no go see for Lagos?
Netflix and Tesla in the chilling zone
My mood is super high!! Any Tesla investor in the building??, the god of Elon never fails.🤑🥴
Tesla did about 500,000 deliveries in the whole of 2020 but you see this in 2021, Tesla is killing it! Coming with guns & what not. The company delivered 241,300 electric vehicles globally in the three months ending in September, bringing year-to-date deliveries to about 627,500. Tesla reported $13.76 billion revenue as against $13.91 billion expected by analysts with adjusted $1.86 earnings per share.
Star-Boy Elon Big-Musk
Ayarr to the rescue: I'm feelin' vibes on vibes because Netflix didn’t disappoint me either (did I hear you say dem no fit kill my vibe). 4.38 million new viewers added in 3 months (breath of fresh air, say whaa?) - which is a landslide over the expected 3.8m, with $7.48 billion in revenues and $3.19 Earnings per share.
Netflix shares hopped about 2% following the news.
Gearing up for my December vibe - Dirty December LOADINGGGG
PayPal has deep pockets
Paypal is shopping and they are shopping big. Just last month they acquired a Japanese provider of instalment payment services Paidy and izettle, a Swedish payment processor. Now, they back in them streets with a bigger budget.
Rumor has it that the firm is offering a whopping $45Billion to acquire Pinterest. PayPal’s CEO said they hope to become a Supper App and their direction shows clearly that maybe, they are up to the task. [Pls excuse me: Define “SuperApp” because maybe Tomi from Trove can be next in line?😫]
Pinterest’s share price surged 13% after the deal was announced, bringing its valuation to $40 billion. In the exact opposite direction, PayPal’s shares fell ~5%, reducing its market cap of $303 billion. Not news though, because typically the reverse correlation happens whenever a merger/acquisition is announced.
Paypal’s argument is that Pinterest has over 450 million monthly users who search for products to buy and that “massive source of value (and data)” could be a boon for PayPal’s services, especially by “removing friction” when purchasing things. Well, probably - kinda sorta...
Pinterest Founders & Shareholders while pitching Pinterest:
Back to my music..
I'm a tickin' dynamite (I'm a tickin' dyn')...
I'll blow your candle light (I'll blow your can')
The end of Facebook?
I know you’ve already started panicking but
I know the title is a bit dramatic, but I had to make sure I had your attention, y’know😏.
Anyway back into the story, so Facebook isn’t really ending, it’s just headed for a major rebrand.
Apparently, the tech tycoon is looking to reinvent itself as more than a social media company. Facebook plans to change its name to reflect its focus on the metaverse.
Like I was, you’re probably wondering what the metaverse is, but as always I gatchu!
Sooo Meterverse means shared virtual world environments people can access via the internet. 🧐🤔 So essentially, digital spaces are made more lifelike using virtual reality (VR) or augmented reality (AR) like the gaming world. Y’all know Facebook already owns Oculus.. So this ain’t totally coming out of leftfield.
This name change would basically mean that the Facebook app would still operate but under a parent company with a different name. This parent company would oversee all the other groups that are currently under facebook which include Instagram, Whatsapp and several others.
We’re hearing that Mark Zuckerberg will officially announce the new name at the annual Connect conference this week. Apparently, the new Facebook name is a closely guarded secret, even among top leadership at Facebook. In James Bond’s voice, “It’s classified”😎
Some folks think this rebrand would help distance future plans for Facebook from the intense problems it’s currently facing. (Remember all that whistleblower drama? Yeah, that.)
This name change would see Facebook following in the footsteps of another tech giant, Google. In 2015, Google also renamed itself Alphabet and made Google a subsidiary. Much like Facebook, this was done because the company wanted to expand beyond what it was known for.
To be honest, I’m extremely curious to see what Uncle Mark comes up with to replace Facebook. I think it’ll be something random, Paper? Meta-V? Tomi? Don’t look at me like that, Tomi is a very viable option. It’s short and very catchy🤣 .
...and ladies & gentlemen, I crack y’all up on a steady!
Argue with your fav American President🌝🌝!
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Your dearest and favourite Stocks Market Gist Partner,
Tomi, From Trove 🖤
XOXO