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Telegram CEO Arrested đ
And, Rivian plant fire damages cars.
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Today is Monday, August 26, 2024.
The Early Bird Index today is 73.59.
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PRESENTED BY CLICKPROFIT
How to Own a Slice of The Fastest Growing Industry⌠E-commerce
âIt doesn't matter how hard you row, it matters which boat you get in.â - Warren Buffet
Warren Buffet understands that choosing a market is the most important decision when picking an investment vehicle. The bigger the boat (aka the market), the easier it will be to grow your business.
Details: The e-commerce industry will produce $1.2 trillion in 2024 alone, according to Statista. Five years from now, the annual e-commerce market is expected to grow from $1.2 trillion to $1.88 trillion.
Bigger Picture: The market is growing faster than ever because big companies such as Amazon and Walmart make it easier to purchase products. Due to these marketplaces wanting as many sellers as possible, the barrier of entry to join the e-commerce space is very low, resulting in intense competition.
Yes, But: if you donât have the proper strategy, you will get burned by wholesalers, manufacturers, and warehouses.
Solution: Partner with ClickProfit.io, the leading e-commerce done-for-you agency to build, manage and scale your very own e-commerce portfolio.
Telegram CEO Arrested đ
Toncoin (the native cryptocurrency of The Open Network blockchain on Telegram) plunged 14% over the weekend after the arrest of the messaging platformâs CEO.
Details: Multiple outlets reported that Pavel Durov, the founder and CEO of Telegram, was arrested and detained in France due to allegations about a lack of moderation on the platform that allowed criminal activities to occur.
Telegram responded by saying that it abides by EU laws, including the Digital Services Act, and that Durov has nothing to hide.
Price: Toncoin is up 300% (amazing!) in the last 12 months.
Background: The strong connection between Toncoin and Telegram means that any significant news affecting Telegram or its leadership directly impacts Toncoinâs perceived value and stability.
Early Birdâs Nest Egg Gains: The incident highlights the ongoing challenges faced by crypto projects associated with messaging platforms, particularly regarding regulatory compliance and content moderation.
Final Thoughts: Despite the arrest, other crypto prices were not impacted.
Notables
Notable Earnings Today: HEICO (NYSE: HEI), Daqo New Energy (NYSE: DQ), PDD Holdings (Nasdaq: PDD), Trip.com Group (Nasdaq: TCOM), Tuya (NYSE: TUYA), Viomi Technology (Nasdaq: VIOT).
Notable IPOs Today: N/A.
Notable Equity Crowdfunding Campaigns Ending Today: Zen & Now Wellness Apothecary (Honeycomb), Reveal AI (Wefunder), Holme & Hadfield (Republic), Citizens Coffee (StartEngine), Orokii (Wefunder), Collabr (StartEngine).
Notable Economic Events Today: Durable Goods Orders / Core Durable Goods Orders (8:30 a.m. ET), Atlanta Fed GDPNow (10:30 a.m. ET).
Rivian Plant Fire Damages Cars
The electric vehicle maker Rivian Automotive (Nasdaq: RIVN) is dealing with the fallout from a fire at a factory over the weekend.
Details: Reuters reported a fire over the weekend at a Rivian factory in Illinois. Many of its vehicles were damaged, although the company did not specify the number of vehicles damaged. There were no reports of injuries.
Background: EV makers are struggling in 2024 as the demand for electric vehicles drops. Rivianâs stock is down 33% this year.
Final Thoughts: On Monday, weâll see how Rivianâs stock reacts to this recent fire.
Nestle Reportedly Wants to Keep Health Science Unit
Despite a recent change in the CEO position, Nestle (OTCMKTS: NSRGY) wants to maintain the status quo.
Details: The NZZ am Sonntag newspaper in Switzerland said on Sunday that Nestle plans to keep its Health Science unit.
Final Thoughts: Nestle is down 8% this year, but the stock is up 5% in the last 30 days.
Trends to Watch
ÂĄAy, caramba!: Bitcoin bulls run risk of 'Bart Simpson' BTC price dip to $62K (Cointelegraph)
Whatâs Next: Powellâs Pivot Leaves Traders Debating Size, Path of Rate Cuts (Bloomberg)
Potential Winner: Valvoline Can Be a Slick Addition to Your Portfolio (Wall Street Journal)
Junk in the Trunk: Restaurants fight back against the FTC crackdown on âjunk feesâ as diners balk at new charges (CNBC)
Save Money. Live Better?: Walmart recalls apple juice sold in 25 states due to elevated arsenic levels (Associated Press)
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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.