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Many
of Biden’s supporters and allies are therefore calling upon him to
refuse the remaining two debates against Trump. However, the left cannot
erase the impact that shutdowns had on the content of . . . . .
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TOGETHER WITH
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Good morning. 10 years ago today, The Social Network was
released—and we certainly have come a long way from Caribbean Night at
AEPi. Facebook's now worth nearly $750 billion, and its properties
WhatsApp, Instagram, and Messenger each have more than 1 billion active
monthly users.
Because we
know you're itching to know what Eduardo Saverin is up to these days, we
put together a fun "Where are they now?" article you'll find further
down the newsletter.
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NASDAQ
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11,167.51
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+ 0.74%
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S&P
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3,362.91
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+ 0.82%
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DJIA
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27,782.36
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+ 1.20%
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GOLD
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1,892.50
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- 0.56%
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10-YR
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0.681%
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+ 2.70 bps
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OIL
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40.08
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+ 2.01%
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*As of market close
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Markets: Stocks came up more clutch than Robert Horry yesterday, posting big gains to close out a very solid quarter. The S&P increased 8.5%, the Dow 7.6%, and the Nasdaq 11% in Q3.
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Economy: GDP fell at a mind-bending 31.4% annualized rate
in Q2, according to the government’s final estimates. But as the
country reopened in Q3, the economy likely rebounded in similarly
historic fashion—estimates put GDP growth at about 30% last quarter.
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Will Varner
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It’s October
1, the election is 33 days away, and the question of politics in the
workplace has reared its Zoom-call-awkwardness-generating head.
First, rewind to last Thursday, when Facebook rolled out
new rules for its internal social media system, Workplace. The rules
included new restrictions on profile pictures that effectively prohibit
workers from using images that advocate for candidates or causes.
- The new rules came just a week after Zuckerberg instituted a “set of principles” around internal debates.
Now fast
forward to Sunday, when CEO of major crypto exchange Coinbase, Brian
Armstrong, published a blog post in which he took a firm stand against
firm stands.
- “We don’t engage here when issues are unrelated to our core mission,” Armstrong wrote.
He explained that he wants Coinbase to be “laser focused” on its own
work, rather than embracing social and political issues as other
businesses have in the era of stakeholder capitalism.
- Then yesterday, Armstrong put his money
where his blog post was. He sent a letter informing employees that if
they weren’t on board with his no-politics policies, he had separation
packages with their name on them.
The backstory: In
June, under pressure from employees, Armstrong refused to issue a
public statement that Black lives matter. Workers were so frustrated
they organized a walkout, and Armstrong eventually posted a Twitter
thread affirming the movement. Sunday’s statement was reportedly a
delayed response to the walkout.
The response was about as polarized as you’d expect. Some tech figures such as Y Combinator’s Paul Graham applauded the move, while the techerati’s supporters of corporate activism booed.
Looking ahead…“If
the past year has seen a surge of employee activism in the workplace,
it seems, the next will see managers attempt to swing the pendulum back
in the other direction,” predicts tech journalist Casey Newton.
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American Airlines is moving ahead with plans to furlough 19,000 workers, CEO Doug Parker said last night. It’s gloomy news, but not exactly surprising.
The backstory: When
the pandemic emptied out airports and planes in March, lawmakers gave
airlines $25 billion to pay workers who all of a sudden had no
passengers to attend to.
- That funding ran out
yesterday, which meant U.S. airline execs were preparing to cut tens of
thousands of employees who they couldn't afford to pay on their own
dime.
There could
be a lifeline. Parker said he’d reverse these furloughs if Congress
approved a new aid package, which is actually not such a far-fetched
idea.
At a CNBC
conference yesterday, Treasury Secretary Steve Mnuchin said he and
negotiating partner House Speaker Nancy Pelosi would give another
stimulus package “one more serious try” and that he’s “hopeful” they can
get something done. They couldn’t strike a deal yesterday, but they’ll
continue discussions.
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Giphy
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Surveillance data company Palantir and workplace management software company Asana both went public on the NYSE yesterday.
- Palantir opened at $10/share for a valuation of about $21 billion, higher than the NYSE-issued reference price of $7.25.
- Asana also opened above its reference price at $27 (for a $4.1 billion valuation), then climbed as much as 10% further.
Both
companies cannonballed into the public markets via direct listings,
which give employees and early investors the opportunity to cash out
stock, but the company doesn’t raise fresh funds.
We gave you the rundown
on Palantir yesterday, so now it’s Asana’s turn: Founded in 2008 by
Facebook cofounder Dustin Moskovitz, the company provides workplace
coordination tools that aim to improve on the “Just checking in…”
email.
Asana will fit right in with the 2020 IPO cohort—it’s growing lightning-fast, but hasn’t turned a profit. In fiscal 2020, it generated $143 million in revenue, an 86% yearly increase, though losses also ballooned.
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IT burnout
is real. Whether you’re dealing with security, support, or device
issues, it’s stressful when your gizmos don’t giz-go the way they’re
supposed to.
Electric is a user-friendly IT interface reinventing how businesses manage their IT. Today—if your company has between 20 and 500 employees, and you can make decisions about IT—Electric wants to chat with you about coming aboard.
Plus, if you take this short meeting with them, they’ll give you a free Hatch Restore Alarm Clock.
Don’t you feel your IT stress levels going down already, especially when you picture a free, restorative alarm clock on your bedside table and a lightning-fast IT infrastructure backing your biz?
And how calm do you feel when you read Electric can reduce your IT cost by 70%?
In fact, we bet that Electric’s chat-based, real-time support feels like a hot cup of chamomile tea on a chilly winter morning.
Let the IT relaxation wash over you and take a meeting with Electric.
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...and debuted whozits and whatzits galore at yesterday’s hardware event. The star of the show was its new Pixel 5 phone, but like Glee, the supporting cast was surprisingly strong.
The rundown
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Pixel phones: While the $699 flagship Pixel 5
won’t break any processing speed records, it does come equipped with
all-important 5G capabilities (as does the more affordable $499 Pixel
4a). These new phones show that Google is committed to undercutting
Apple's and Samsung’s premium models in the ~$1,000 range.
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Google Duo: In big news for anyone who’s tried to walk their grandparents through printing out the Brew crossword puzzle, Google’s new Duo feature enables remote screen sharing while on a mobile video call.
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Google TV and Chromecast: The new
Google TV software that runs on Chromecast supports other streaming
services, like Netflix. And The Verge gives it kudos for the emphasis it
places on content discovery and helping you find something to watch.
Looking ahead...next on the busy hardware release calendar is Apple, which will likely unveil four new iPhones later in October.
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Apptopia
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When you
think of hockey-stick growth during the pandemic, names like Tesla,
TikTok, and Tyler Herro come to mind. But add a new name to the
list—Discord. The Slack-like messaging platform that caters to
videogamers has hit a new high for mobile app downloads every day since September 5, according to Apptopia.
- Discord’s user base has grown by about 50% since February and experienced its first daily downloads spike back in March.
What’s different now
Recent growth has been propelled in part by the mobile videogame Among Us!, a collaborative multiplayer that’s the perfect use case for Discord’s platform. Among Us! has been downloaded 74 million times since the beginning of August.
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For context: Fortnite was downloaded 22 million times in the first two months after its launch.
Bottom line: The twin surges of Discord and Among Us!
show that players are eagerly leaning into the social elements of
videogames. We can expect messaging platforms like Discord to continue
their upward trend as gamers and other digital communities build more
expansive ecosystems around their passions.
+ Want to learn more about Discord? Dive in here.
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Giphy
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It’s been 16
years since Facebook was founded by Mark Zuckerberg in his Harvard dorm
room. And it’s been exactly 10 years since David Fincher's epic movie
about the company's early days, The Social Network, hit theaters.
The world has changed in 10 years. There are a lot of
hard seltzer brands. Email newsletters are big business. And most of
the major characters in the movie have moved past their Facebook days.
So what are those people, from the Winklevoss twins to Sean Parker, up to now?
Read here to find out.
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Did you watch the Presidential Debate Tuesday night?
While Joe Biden reminded everyone what a GIANT SOCIALIST he is,
President Trump reminded the American People that he will ALWAYS put America First and that he will never stop fighting to Make America Great Again.
It’s only a matter of time before the Fake News media comes out with a PHONY poll about President Trump. Their results will be pro-Biden and totally biased. We’ve never been able to trust what the Fake News media says, and we’re not about to start now.
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Keep our investigators on the job uncovering the truth:
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| As COVID-19 ravages Latin
America—especially Mexico—a record number of illegal immigrants are
being smuggled into the United States through the southern border in
commercial tractor-trailers. Human smugglers cram the migrants, mostly from
Central America, in large trailers with no ventilation, water or food for
days, according to the U.S. Border Patrol. “The tractor-trailer is the
final trap of their 1,600 mile treacherous journey from Central America to
the United States,” the agency writes in a statement issued
this month. “Migrants are exposed to these dangers by smugglers who know
the life-threatening journey will be in vain given increased border
enforcement and partnerships with affected governments.” |
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Read More
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FARRELL:
The Left’s Political Rave-Out On SCOTUS Nomination
The Daily Caller
The
passing of Justice Ruth Bader Ginsburg has brought leftists to a full
political tantrum. Facts, timing and the Constitution make it an
increasingly likely prospect that President Trump will successfully install
a third Supreme Court Justice in his first term. That drives liberals over
the edge. Granted, it was not a very long drive, but in the last few days
the left has let fly with an unprecedented political rave-out, even before
Trump has revealed his nominee.
READ MORE
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Critical race theory is communism.
It isn't "racial sensitivity."
10:32 PM · Sep 29, 2020
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NEW: @JudicialWatch will appeal the
liberal-dominated appeals court ruling that overturned court order that
Hillary Clinton testify about her emails and #Benghazi attack documents. In
meantime, DOJ/State are trying shut down the entire lawsuit.
8:38 AM · Sep 30, 2020
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[SHOCKING]: He Refuses to Even Try...
His party before constituents! >>
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Special: How the Middle Class Got Fleeced >>
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RECENT
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Trump Counters NY Times' Tax Smear...
Where's the beef? >>
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[BREAKING NEWS]: Stunning DOJ Document Reveals Plot to "Get Trump"...
It's finally out >>
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President Announces $500 Billion Black America Plan...
Provides REAL Opportunities >>
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SPONSORED
|
They Laughed When He Said It Was "The End of America"
|
Dear Reader,
He tried to warn us in 2008...
He said the "End of America" was coming.
And that the
world's largest mortgage bankers (Fannie Mae and Freddie Mac) were
teetering on bankruptcy...
Then, in 2016 he
said that "sooner than most people think" there will be rioting
in streets...
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And to watch out and pay attention because "desperate governments do desperate things."
Even though every single one of his predictions has come to fruition...
Porter Stansberry - founder
of one of the largest truly independent financial research centers in
the world - has been laughed at, harassed, and beaten down by
the press...
For 20 years.
Still, that's not stopping him from doing everything he can to warn Americans about NEW dangers floating around our economy.
And right now he's stepping forward with a new warning for 2020.
He says a new and terrifying trend is unfolding in America:
It's a big secret the
government and the 1% don't want you to know about, which is leading to a
political event unlike anything we've seen in our country in more than 50 years.
This development, which has
been accelerating rapidly thanks to COVID-19, will change everything
about our normal way of life: where you vacation... where you send your
kids or grandkids to school... how and where you shop... the way you
protect your family and home.
Porter's fully expecting hate mail after he shares this prediction, too.
Still, I strongly encourage you to check out his recent write-up on this situation.
You can read his written analysis, free of charge, on his website, right here...
Sincerely,
Kelly Brown
Managing Director, Stansberry Research
Delivering World-Class Financial Research Since 1999 | |
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October 01
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| FEATURED BIOGRAPHY
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| Jimmy Carter
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| FEATURED EVENT
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| 1949
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| People's Republic of China established
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Advertisement
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Advertisement
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| MORE EVENTS ON THIS DAY
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2017: From his hotel room in Las Vegas
, 64-year-old gunman Stephen Paddock opened fire on a music
festival, killing 58 people and wounding hundreds before taking his own
life; it surpassed the Orlando shooting (2016) as the deadliest mass shooting in modern U.S. history.
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