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- Meta’s Secret Censorship Plan 🕵️♂️
Meta’s Secret Censorship Plan 🕵️♂️
And, Dogecoin loses election gains.
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Today is Monday, March 10, 2025.
The Early Bird Index today is 70.07
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Meta’s Secret Censorship Plan 🕵️♂️
It turns out that Meta Platforms $META ( ▲ 4.4% ) was reportedly willing to go to extreme lengths to get Facebook in China.
Details: The Washington Post reported on Sunday that Meta considered developing a censorship system in a failed attempt to bring Facebook to millions of internet users in China. Meta did not respond to the report.
Background: Facebook is not accessible in mainland China as the Chinese government blocks the platform.
Early Bird’s Nest Egg Gains: If the Chinese government unblocks Facebook in China, it would have significant implications for Meta.
With China's population of over 1.4 billion, Meta would gain access to an enormous potential user base.
Direct access to Chinese users would likely lead to a dramatic increase in advertising revenue.
Final Thoughts: Meta, up 4% this year, is doing fine while Facebook remains blocked in China.
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Notables
Notable Earnings Today: Oracle (NYSE: ORCL), BioNTech (Nasdaq: BNTX), Vail Resorts (NYSE: MTN), Asana (NYSE: ASAN), Mission Produce (Nasdaq: AVO), HighPeak Energy (Nasdaq: HPK), Paymentus (NYSE: PAY), Franco-Nevada (NYSE: FNV), Aligos Therapeutics (Nasdaq: ALGS), Auna (NYSE: AUNA), DarioHealth (Nasdaq: DRIO), Fennec Pharmaceuticals (Nasdaq: FENC), Flotek Industries (NYSE: FTK), Gaia (Nasdaq: GAIA), LifeMD (Nasdaq: LFMD), Limbach Holdings (Nasdaq: LMB), Lineage Cell Therapeutics (NYSE American: LCTX), Net Power (NYSE: NPWR), Redwire (NYSE: RDW), StandardAero (NYSE: SARO), Telos (Nasdaq: TLS), UroGen Pharma (Nasdaq: URGN).
Notable IPOs Today: N/A.
Notable Equity Crowdfunding Campaigns Ending Today: Mate! Beverage (StartEngine), SmartDrone (StartEngine).
Notable Economic Events Today: NY Fed 1-Year Consumer Inflation Expectations (11:00 a.m. ET).
Dogecoin Loses Election Gains
The price of the so-called meme coin Dogecoin $DOGE.X ( ▲ 5.38% ) fell about 9% on Sunday and is now back to the same price level it was before the presidential election.
Details: Cryptocurrencies have been in bad shape recently, especially meme coins. Market saturation and association with scams have made meme coins a poor investment.
Final Thoughts: Dogecoin is down 45% in 2025. It lost all of its election gains.
ServiceNow Looks to Acquire AI Company
Bloomberg reported on Sunday that software company ServiceNow $NOW ( ▲ 1.12% ) is nearing a deal to buy the artificial intelligence company Moveworks.
Background: The reported move comes on the heels of ServiceNow acquiring the data platform Cuein in January.
Final Thoughts: ServiceNow is down 19% in 2025. Hopefully, these acquisitions could boost growth in the future.
Trends to Watch
Still Falling: Bitcoin falls over 5% as volatility continues after Trump’s bitcoin reserve plan (CNBC)
Going Small: CVS’s New Mini Stores Go All In on Medicine and Skip Everything Else (Wall Street Journal)
That’s Not Reassuring: Trump Declines to Rule Out Recession as Tariffs Begin to Bite (New York Times)
Not Going Away: US Inflation Set to Stay Sticky as Tariff Risk Looms (Bloomberg)
Tesla Brand Ruined: Dozens protest at Tesla showroom in Portugal ahead of likely snap election (Reuters)
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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.