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2022-01-10 10:00:02 𝚁𝚎𝚍𝚍𝚒𝚝 𝚃𝚛𝚊𝚍𝚎𝚛𝚜 𝙷𝚊𝚟𝚎 𝙱𝚎𝚎𝚗 𝚀𝚞𝚒𝚎𝚝𝚎𝚛 𝙸𝚗 𝚃𝚑𝚎 𝚂𝚎𝚌𝚘𝚗𝚍 𝙷𝚊𝚕𝚏 𝙾𝚏 𝟸𝟶𝟸𝟷

In December 2021, r/wallstreetbets has been getting 15-20k comments per day, way down on the 100k+ per day that was common during peak "GameStop mania". The moment may have passed for another GameStop moment.

If reddit traders pass on the stock, other investors will likely actually look at the fundamental of reddit's business, which is advertising driven, like most social platforms.

And in theory, the way reddit is organized should be an advertisers dream. Want to advertise a Rolex? There's 1.6 million people in a watches community ready to go.

In practice however, reddit has struggled to make the big ad dollars, with the company expecting to bring in roughly $350m in revenue in 2021. By comparison, Pinterest did $1.7bn in 2020, with a similar sized audience. Twitter did $3.7bn.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-01-09 10:00:01 𝚁𝚎𝚍𝚍𝚒𝚝 𝚃𝚛𝚊𝚍𝚎𝚛𝚜 𝚆𝚒𝚕𝚕 𝚂𝚘𝚘𝚗 𝙱𝚎 𝙰𝚋𝚕𝚎 𝚃𝚘 𝚃𝚛𝚊𝚍𝚎 𝚁𝚎𝚍𝚍𝚒𝚝 𝚂𝚝𝚘𝚌𝚔 𝙸𝚝𝚜𝚎𝚕𝚏

Recently Reddit has officially filed to go public, more than 16 years since the company was founded.

In many ways, modern day reddit looks a lot like the internet forums of the early 2000s, with communities built around interests, ideas or identities. There's a subreddit for movies, music, Melbourne, and much more.

Then there is r/wallstreetbets — the 11 million strong community of investors / traders / gamblers that turned wall street on its head earlier in 2021 in the GameStop saga.

Those 11 million traders have pioneered the idea of a "meme stock" — a company whose shares suddenly see an enormous wave of buying demand for the sole reason of, well, "it's funny". With the IPO, reddit itself is now presumably a candidate for being the next meme stock... although the r/wallstreetbets folks have been taking it easier in the second half of 2021.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-01-08 10:00:01 𝙼𝙾𝚁𝙴 𝙳𝙰𝚃𝙰

1) Instagram recently hit 2 billion monthly active users, which means the app's user base has doubled since June 2018, when Facebook last reported that it had 1 billion active users.

2) Congress has voted to raise the debt ceiling by $2.5 trillion, which should extend funding for the government beyond the 2022 midterms.

3) The new corporate buzzword is apparently "journey", which has seen its usage go up 70% in 2021, getting 3,091 mentions on S&P 500 company conference calls according to Bloomberg data.

4) Pickleball, which is some combination of about 4 different racquet sports, is the fastest growing sport in America, with participation growing 21% in 2020 and a professional circuit gaining traction (highlights of a recent competition here).

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-01-08 09:00:02 Eye test! What number do you see? Open / Comment

2022-01-07 10:00:02 𝙸𝚜 𝙽𝙵𝚃-𝙼𝚊𝚗𝚒𝚊 𝚂𝚕𝚘𝚠𝚒𝚗𝚐 𝙳𝚘𝚠𝚗?

If you've managed to avoid reading about NFTs until now, we'll catch you up. The short version of the explainer is that NFTs allow you to "own" a distinct piece of media (image or video), that is authenticated by a blockchain to be unique or original — no matter how many times it is copied or replicated across the internet.

Many remain skeptical about NFTs. Why anyone would want to pay thousands of dollars for a .JPEG that anyone can theoretically copy, save, distribute or modify can be hard to get your head around.

Data from DappRadar shows that trading volumes in NFTs hit $300m a day in August on marketplace OpenSea, with more than 9.5 million transactions in 2021. However, the mania seems to have cooled slightly, with average daily volumes falling to $71m in December, and active users and transaction numbers also coming down. Is this the beginning of the end for NFTs? Or still just the beginning?

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-01-07 09:00:02 Have a business idea? Welcome to Idea Factory startups club!

Every day we work with the best ideas from our subscribers to raffle:
$500 for the best weekly idea
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In order to participate you only have to submit an application. What you can also get on Idea Factory:
education
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Take a first step:
subscribe https://t.me/ideafactory1 Open / Comment

2022-01-06 10:00:02 𝙰 𝙱𝚛𝚒𝚎𝚏 𝙼𝚘𝚍𝚎𝚛𝚗 𝙷𝚒𝚜𝚝𝚘𝚛𝚢 𝙾𝚏 𝚂𝚝𝚘𝚛𝚒𝚎𝚍 𝙼𝚘𝚝𝚘𝚛𝚌𝚢𝚌𝚕𝚎 𝙼𝚊𝚔𝚎𝚛 𝙷𝚊𝚛𝚕𝚎𝚢-𝙳𝚊𝚟𝚒𝚍𝚜𝚘𝚗

Few companies embody the U-S-A more than that of Harley-Davidson, the iconic motorcycle maker that's been producing "hogs" since 1903. As a uniquely American brand the loyalty of its customer base, many of whom owned multiple Harley-Davidson's, drove revenue and profits higher and higher.

The financial crisis took the fizz out of HOG's share price, but that overshadowed a fundamental problem: younger people were not interested in buying motorcycles, and Harley-Davidson's customers were getting older, and fewer in number. Recognizing this, the company announced an electric bike brand LiveWire in 2014. Now LiveWire is about to go public, after being spun out. But, even with one of the biggest electric bike brands, motorcycle sales at Harley-Davidson have declined steadily since 2014, and their valuation is back to where it was in 90s.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-01-05 10:00:01 𝙳𝚛𝚒𝚟𝚎 𝚃𝚘 𝚂𝚞𝚛𝚟𝚒𝚟𝚎: 𝙷𝚘𝚠 𝚃𝚑𝚎 𝙽𝚎𝚝𝚏𝚕𝚒𝚡 𝚂𝚎𝚛𝚒𝚎𝚜 𝙷𝚎𝚕𝚙𝚎𝚍 𝙶𝚛𝚘𝚠 𝙵𝚘𝚛𝚖𝚞𝚕𝚊 𝙾𝚗𝚎

Recently the controversial final round of the Formula One World Championship took place, with Max Verstappen beating Lewis Hamilton to the finish line on - literally.

That race will very likely go down in history as one of the most watched in the sport's 70-year history - and somewhere a Netflix executive is very quietly rubbing their hands, preparing to translate the story of this season into series 4 of Drive To Survive, Netflix's documentary series.

The on-track drama would always have created a buzz on its own, but it's also hard to understate the impact of Netflix. Like The Queen's Gambit - which revitalized interest in chess, Drive To Survive has created a legion of F1 fans. People reading up on F1 on Wikipedia is up roughly 60% since the show came out, and ESPN has reported that the average race audience was up 40% in 2021 vs 2019.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment

2022-01-05 09:00:02 Zero Hedge is finally on Telegram!

Zero Hedge is as a source of cutting-edge news, rumors and gossip in the political world, economic industry and modern society.

They've been banned from Facebook, Twitter, and Google, and were sued by top Wall Street banks for sharing the truth about corruption in american elites, how Chinese bribed WHO, and much more.

Follow Zero Hedge now before they take channel private and you lose access to the truth! Open / Comment

2022-01-04 10:00:01 𝙼𝙾𝚁𝙴 𝙳𝙰𝚃𝙰

1) Omicron cases have jumped 250% in a week in South Africa, but anecdotal evidence increasingly suggests that symptoms are milder than in previous waves.

2) What did we all search for this year? Google's done our job for us, with its annual summary of trending searches.

3) US inflation just hit 6.8% year-on-year, which is the fastest pace that prices have risen by for nearly 40 years. Chart here.

4) New Zealand is set to ban the sale of tobacco to its youngest generation, announcing that no-one born after 2008 will be able to buy cigarettes or tobacco products during their lifetime. Currently 13% of NZ adults smoke.

5) "Meme stocks" like GameStop and AMC have lost their buzz on trading forums, according to data reported by Axios.

𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐 Open / Comment