Good Morning Everyone! Hope everyone is doing well. I'm taking this week off as I'm super busy with the Building Out Loud Podcast, Inside Business Newsletter, and my work at Zargar Lawyers. I did want to send a quick email, however with a few quick points to ensure you didn't miss out on the top news from this week. | - China has cut interest rates because of a decrease in manufacturing in the country. This is not a great sign for the global economy.
- Disney stock is attracting lots of attention as its streaming services (Hulu, ESPN+ and Disney+) have combined for more subscribers than Netflix. This is the first time ever a streaming company has beat Netflix and invented the industry. Netflix is losing subscribers, and Disney is gaining them. This doesn't even consider a 48% increase in park revenues from Q2 2021 to Q2 2022.
- Retail investor numbers are falling. Coinbase has reported a 66% decrease in transaction volume, and both Robinhood and BlackRock have reported significant decreases in retail trading. Was it all just a blimp? Retail trading seemed to be a trend, maybe not.
- Adam Neumann raised over $350M. Honestly, WTF he lost $11B for investors and pocketed over $1B, and now they are giving him more money. It's just insane.
| No real reflections this week, but I have been focusing on narrowing in on my priorities; it's been tough, but it gives me clarity about how I want to spend my time. I highly recommend it. | Wishing you all the best this week! I promise a full newsletter next week! | | | This newsletter is not legal, financial, or tax advice. Please We consult an attorney before making any legal decisions, financial advisor before making investment decisions and tax specialist for any tax matters. I make no representations and take no responsibility for the actions you take based upon this information. | | | |
