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Today is Friday, October 4, 2024.

The Early Bird Index today is 71.94.

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PRESENTED BY JINGLE

Major Disruption to Mobile Delivery

It’s easy to spot the next big startup in mobile delivery. There’s a proven record of investing success.

• Uber - the earliest investors saw a return of 1,761,558% at the IPO.

• Grubhub - early investors reaped between 50x and 100x returns.

Early investors in these companies are sitting on some serious returns - but for the rest of us, there's still a chance to get in on the action with Jingle.

Jingle’s marketplace for fast, direct deliveries from mobile stores and services is poised to dominate the industry.

Success often repeats, and Jingle is backed by top-tier VC Bessemer Venture Partners, an investor in LinkedIn, Shopify, and Pinterest. The CEO has two previous exits, both VC-backed.

Over 30 investors already acquired shares. There’s still time to invest in Jingle’s public offering and get the Early Bird Bonus for investors.

Spirit Airlines Bankruptcy 🚨

Spirit Airlines (NYSE: SAVE) plunged 30.38% in after-hours trading on Thursday after a report emerged about the company’s future.

Details: The Wall Street Journal reported that Spirit has been in discussions with bondholders over the terms of a potential bankruptcy.

Background: Spirit has struggled this year following a failed merger with JetBlue Airways (Nasdaq: JBLU).

Early Bird’s Nest Egg Gains: In bankruptcy, Spirit would aim to address its $3.3 billion debt load.

• Spirit could emerge from bankruptcy as a leaner, more financially stable airline, similar to other carriers that have gone through this process.

• Another airline or investor group might attempt to acquire Spirit at a discounted price during the bankruptcy process.

• In a worst-case scenario, if restructuring efforts fail, Spirit could be forced to cease operations and liquidate its assets.

Final Thoughts: The troubled airline is down 86% this year.

Notables

Notable Earnings Today: Apogee Enterprises (Nasdaq: APOG).

Notable IPOs Today: Chain Bridge Bancorp, Inc. (NYSE: CBNA).

Notable Equity Crowdfunding Campaigns Ending Today: N/A.

Notable Economic Events Today: Unemployment Rate (8:30 a.m. ET), Average Hourly Earnings (8:30 a.m. ET), Nonfarm Payrolls (8:30 a.m. ET), Labor Force Participation Rate (8:30 a.m. ET).

XRP's Renewed Regulatory Pain

The price of XRP dropped about 6% on Thursday as the popular cryptocurrency faces renewed regulatory headwinds.

Details: Late Wednesday, the U.S. Securities and Exchange Commission said that XRP should not be considered a security when sold to retail investors via exchanges.

Background: The filing from the SEC comes after Bitwise Asset Management registered for an XRP ETF (exchange-traded fund) on Wednesday. Grayscale, another asset manager, filed for a similar XRP ETF weeks ago.

Definition: An ETF would give traditional investors access to an XRP product on exchanges. This is similar to the Bitcoin and Ethereum ETFs that are now on the market.

Final Thoughts: XRP is down 17% this year. It can be a volatile asset.

Trump Media's Latest Debacle

Trump Media & Technology Group (Nasdaq: DJT) dipped by 0.54% in after-hours trading on Thursday after revealing new changes to the struggling stock.

Details: First on Thursday, the company announced that the chief operating officer left in late September. Then, the company said that early investor ARC Global was entitled to additional shares of the company.

Final Thoughts: The stock is down 66% in the last 6 months.

Trends to Watch

Deal: Striking port workers to return to work Friday as negotiators reach an agreement on wages (CNN)

Crypto Today: Bitcoin Dominance Nears 3-Year High Amid Altcoin Weakness; Aptos Outperforms as SUI Drops (CoinDesk)

Bank of Technical Issues: Bank of America says that widespread service outages have been fully resolved (USA Today)

Happy Holidays: Amazon, Target and other retailers are ramping up hiring for the holiday shopping season (Associated Press)

AI Race: Cisco Nears Investment in CoreWeave at $23 Billion Valuation (Bloomberg)

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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.}