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Elon is in the news again, and FedEx shipping troubles
Hey there everyone! We hope you’re having a relaxing Saturday so far, and thanks for letting us join you.
0:04- Musk’s Massive Move
Tesla ($TSLA) is set to join the S&P 500 this upcoming Monday, potentially creating a volatile few days for the bookmark index. This move comes after Tesla’s stock absolutely exploded this year, making them the 6th largest company in the US by market cap. Originally the plan was to introduce Tesla’s stock over a two day period, but ultimately they decided to just rip the bandaid off and do it in one.
Today, in the midst of one of the largest shipping booms ever, FedEx beat estimates on both their EPS ($4.55) and revenue ($1.23Bn) numbers. Investors weren’t focused on that though, as the stock dropped more than 6% off of the uncertainty and lack of guidance provided by the CEO. This comes as the shipping giant struggles to keep up with the increased flow of online deliveries.
Ditch that obnoxious bulge in your pocket this holiday season, and move to the best way to carry your cash and cards, since, well ever. These eye-catching wallets are not only a piece of art, but they’re insanely functional as well. Shop for these slim, sexy, wallets here.
Discord, the popular voice and text communication software, raised more than $100m in a series H round, placing their valuation at a staggering $7bn, more than double their previous valuation. This boom is largely due to the explosion in the gaming industry recently, which Discord is capitalizing on as they are expected to have more than $100m in revenue this year.
Twitter recently announced that they are beginning to beta test an audio experience on their site for a limited amount of consumers. This feature, called Twitter Spaces, will be similar to Clubhouse and will allow users to talk to each other in “spaces”, where a host user will be able to moderate a discussion. Soon you’ll be able to yell at the person you’re arguing with on Twitter instead of just tweeting in all caps.
Jeremy Lin’s story is crazy, and he may be making a return to the NBA and Golden State Warriors, so look out if you’re a GSW fan.
Have a great rest of your day, and we’ll see you tomorrow bright and early!
-The 90 Second News Team
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