90 Second News Issue #4
¡Hola amigos! In case you missed it, we launched our referral program yesterday. If you want any of the dope merch below, fill out this form to get started!
Yesterday the Wisconsin Republican party contacted the FBI to inform them that a hacker had stolen over $2.3 million from the group’s account dedicated to supporting President Trump’s reelection effort. The FBI wasn’t allowed to comment on an ongoing investigation, but we’re just hoping that the password wasn’t “password.”
MorningBrew, a popular current event newsletter (not that we needed to tell you guys that), was acquired yesterday by Insider Inc (the parent company to Business Insider) in an all cash deal that valued the newsletter at around $75 million dollars. We’re just happy that in 5 years we can also be acquired for a boatload of cash.
Netflix announced yesterday that they were raising the prices of their standard(currently $12.99) and premium(currently $15.99) plans to $13.99 and $17.99 respectively. Netflix stock initially jumped, but ended up neutral after hours. We’re guessing the investors might have realised that The Office is leaving the platform in December.
Some highlights from the earnings bonanza today (Google, FB, Amazon, Apple, Twitter):
Google crushed it across the board as advertising revenue was way up📈.
FB saw a decrease in users in US & Canada, but still increased revenue.
Apple beat expectations, but had iPhone sales drop 20% YoY.
Amazon revenue increased 37% YoY, and beat expected EPS by $4.96.
Twitter also beat earnings estimates but its stock dropped over 15% after hours.
Zeta made landfall as a Category 2 hurricane and hit over seven states yesterday leaving over 2.6 million people without power and killing at least 6 people.
1:21- At the buzzer
Exxon cut 15% of its global workforce yesterday due to financial struggles brought on by the pandemic.
Have a great rest of your day, and we’ll see you tomorrow bright and early!
-The 90 Second News Team