Things fall apart, for now 🤧

This week, Facebook's shares were destroyed, Google literally split into 20, Sony buys its own gaming co, & Amazon was on fire! 🔥

Hi,

My people, I’m here for you again!!!

If your portfolio was humbled last month, you’re not alone. The breakfast was served to everybody.🙈

Thankfully, things are looking up already, and I’m personally looking forward to a full month of jolly surprises. Don’t blink, you might miss something 👀

Unto our agenda for the week, shall we?

Sony joins the spending spree! 

Sony decided not to be left behind since everybody [and their mama] is buying gaming companies!

Sony Interactive Entertainment has agreed to acquire privately-held video game developer Bungie for $3.6 billion, adding to a flurry of industry consolidation this month.

Bungie is the company behind the multiplayer shooter games Destiny and Halo (Not that halo on an angel's head😇, or the beyonce song 😏), the latter of which it developed until 2010. Bungie was acquired by Microsoft in 2000 and split from that company in 2007. Is Microsoft regretting that now? 🤔

While smaller than both Take-Two Interactive’s $12.7 billion Zynga deal and Microsoft’s $69 billion Activision Blizzard acquisition, Sony agreed to buy the company that, with Halo, helped launch Microsoft’s first Xbox in 2001.

All three video game deals were announced in January.

Sony, after Microsoft & Take-Two's deals:

Amazon is chilling with the Big Boys

OMG!! The stock market was on fire this friday 🤯. It was a big day for many tech companies and their investors. One company made the biggest gain ever recorded by a US company in the market while another tech company made the largest-ever loss in a single day. 

Amazon Inc saw its share price soar 13.54% on Friday after the company almost doubled its profit from the holiday period while its cloud-computing and advertising businesses continue to bring in huge gains. Amazon has also said it will be increasing the price of Amazon Prime Membership in the US from $119 to $139. 

Amazon shareholders must be having a time of their lives 

While Amazon was rejoicing, their backyard neighbour suffered a huge punch to the actual gut with share price dropping 26% on Friday. Facebook’s Meta saw $232 billion wiped off its market value because users are spending less time on more lucrative services from the social media giant. 

The big question remains; which camp do you fall into: the Amazon rejoicing camp or Facebook wiping camp or both? Cos e be thingz 🤒

Google is On the Move

How does 20-for-1 sound to you? 😏

Google Alphabet is ready to bring things down to our level, Finally!! Come on, $2,750 is on the high side for a share for an individual investor. $2750 can feed my village if we’re being real here 😏

The company has announced that come 15th of July, Alphabet shareholders will receive 19 additional shares for every share they hold. This will automatically bring its share price to $137 a share. 

For the record, Alphabet shares rose 65% last year as its profit in 2021 almost doubled what the company made in 2020. With this stock split, investors might enjoy even more share price increases if we’re to consider the Tesla & Apple stock splits. 

Me doing the math, if i buy Alphabet shares at $137, how long will it take for it to get to $2,000+:

Meta’s headed downhill?

 I never experred that we’d be talking about this but it looks like 2021 was a long year for all of us (billionaires not excluded). 

Mark Zuckerberg’s ‘Meta’ lost more than 10 billion dollars last year.

Yup, you read that right. More than 10 billion in a single year! 

This was revealed in Meta’s 2021 fourth-quarter earnings report which was published last Wednesday. Reality Labs, the branch of Meta that is charged with taking the Metaverse from a dream to reality, reported a net loss of $10.19 billion on $2.27 billion in revenue. 

According to Meta’s CFO, David Wehner, the losses are going to get even worse this year. The Reality Labs losses also heavily impacted the overall profitability of Meta. The company would’ve made $56 billion in profit last year if not for the losses from Reality Labs. 

Meta investors reading this are probably like: 

After the financial report was made public, Meta’s share value plummeted, dropping by more than 26%. This caused the elimination of over  $200 billion in market value resulting in the largest single-day wipeout for a US company. 

It appears that Uncle Mark’s village people are hard at work again. 

As if things weren’t bad enough, Mark Zuckerberg lost about $29 billion in his personal net worth on Thursday. Bringing his net worth down from well over $100 billion to $85 billion. 

Someone say a prayer for Mark Zuckerberg, his year is off to a very rocky start. 

…and in case you're asking Tomi, is this a good time to buy?, my answer will be to do some little digging here and where, the answer is closer than you think.  

Forget not this ministry of ours: You’ve got 5 FREE SHARES WAITING FOR YOU if you tell a friend to tell a friend to:

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Go on and shine this week! As Lady Gaga said, “Do not allow people to dim your shine because they are blinded. Tell them to put some sunglasses on.” 😎

Your dearest and favourite Stocks Market Gist Partner,

Tomi, From Trove 🖤

XOXO