11/13/2020: Weekly Newsletter
Money
I think the chart above says it all…Much of the U.S. economy still struggling and SP500 performance this year looks very different if you remove Facebook, Apple, Microsoft, Amazon, and Alphabet
PayPal crypto services goes live
Singles Day in China brings in ~$75B for Alibaba
EU brings antitrust suit to Amazon about leveraging data from third party sellers
New potential Chinese regulations could require Ant to hold more capital and would slash valuation
The McPlant, McDonald’s vegetarian offerings
Disney has 73M subscribers
Spotify buys Megaphone for $250M
Chinese Construction Bank raises $3B bond with blockchain and bitcoin
Sweden-based Klarna, the growing ‘buy-now, pay-later’ firm
Tech
Making the case for paying with your phone. I would add one more advantage to using your phone to pay—no touch payments and you don’t have to touch the screen/pen to sign for a recipt.
Etc.
Alex Trebek, long-time Jeopardy host, passes away. I also learned that he hosted the National Geographic Bee.
Washington Post 2020 photo contest winners and at the Atlantic close-up photography winners
♫ Megan Rapinoe, U.S. women’s soccer World Cup winner and Gold Medalist, talks about equal pay, kneeling during the national anthem, and coming out.
♫ I’ve been watching the really interesting miniseries documentary All or Nothing: All Blacks, about the famous New Zealand rugby team.
LA Times ranking of Ben & Jerry’s ice creams
Allure’s best of beauty 2020 awards
