š§ The rise of Clubhouse, the new social media powerhouse!
Thursday, 25th February 2021 by Gotrade
Hey Gotraders,
I hope you are having a great week! Have you heard about Clubhouse, the new social media app taking the world by storm? Itās an audio platform that lets people hold live discussionsĀ based on any number of topics and interests, and people can choose to listen in.
The app is still in the beta stage, but has already been valued at $100 million! *mind blown!* They donāt even have a website yet! No kidding!
Clubhouse has gained in popularity over the last few months due to hotshots like Elon Musk, CEO of Tesla(TSLA), and Mark Zuckerberg, CEO of Facebook(FB), being invited to audio talk shows on it.
So, how is it Clubhouse from the other social media platforms? Letās take a look.
Clubhouse has a different business model compared to the other platforms. Instead of pursuing advertising revenue, Clubhouse will implement a subscription-based model, and charge a fee for event ticketing. Users will also be able to tip the speakers if they wish to do so.
Facebook(FB) and Twitter(TWTR) generate revenues from increased page views and ad impressions. As a result, they may turn a blind eye to conspiracy theories, harassment, and misinformation that are the biggest engagement-drivers on their platforms.Ā
Other social media apps provide people the ability to fire off comments and go off on rants anonymously, while people tend to interact more politely in a live conversation.
How does this affect me?Ā Well, it seems like Clubhouse is poised to become the next big social media powerhouse, since Facebook(FB), Instagram, Twitter(TWTR), Snap(SNAP) & Tik Tok. Their app has over 10 million global downloads and over 10 million weekly active users. Incredible!
It seems very likely that people may start to choose Clubhouse over the other social media apps once it becomes available to the public. Clubhouse seems to provide a āhealthierā environment for the exchange of views and opinions that the other platforms donāt. The other platforms may lose some market share as a result.
š Gap plans to build a warehouse in Texas š¦
Gap Inc(GPS) plans to invest $140 million in building a new distribution facility in Texas in order to be able to cater to its increasing online sales. The warehouse will be able to process 1 million packages per day! As more Americans shift to online shopping, Gap plans to tap on this and expects half of its sales to come from online channels over the next couple of years. Stocks of Gap are up 5.27%, trading at $25.95.
šĀ Travel stocks are staging a comeback! āļø
Travel stocks have been doing well as there seem to be some positive developments on the vaccine front. Vaccinations are being carried out worldwide, pharma firms havenāt had any delays(so far), and the Food & Drug Administration(FDA) has approved additional vaccines for emergency use. Wonderful!
Also, the International Air Transport Association(IATA) has announced that they are developing a travel app that will serve as a vaccination passport. 30 airlines have already signed up to trial the app! It looks like quarantine-free travel may be a reality soon! Bali, here I comeā¦. hopefully soon!
Investors are betting on a pandemic recovery and travel stocks are up as a result. Norwegian Cruise Line Holdings(NCLH) is up 9.26%, United Airlines(UAL) 8.6%, Boeing(BA) 8.12%, Royal Caribbean Cruises(RCL) 7.34%, American Airlines Group(AAL) 5.61%, just to name a few.
Top movers & shakersĀ š¢
What else is making headline news
FDA staff endorses Johnson & Johnsonās(JNJ) single-shot Covid vaccine for emergency use
Marriott(MAR) CEO says leisure travel will rebound as vaccines roll out, but business travel will return too
GameStop(GME) shares soar more than 100% amid executive shuffle
Upcoming earnings for this week
Thursday :Ā Salesforce(CRM),Ā Airbnb(ABNB),Ā Moderna(MRNA),Ā Ā Autodesk(ADSK), DoorDash(DASH),Ā Monster Beverage(MNST),Ā HP(HPQ),Ā Best Buy(BBY),Ā Etsy(ETSY),Ā Domino's Pizza(DPZ),Ā Virgin Galactic(SPCE),Ā Beyond Meat(BYND),Ā Norwegian Cruise Line(NCLH),Ā Workday(WDAY),Ā Dell(DELL),Ā Keurig Dr Pepper(KDP),Ā Plug Power(PLUG),Ā Nikola(NKLA)
Friday :Ā Berkshire Hathaway(BRK.B),Ā Draft Kings(DKNG)
A companyās market value may fluctuate considerably around the time that the earnings report is expected to be published. Stock prices may rise or fall according to analysts' speculative estimates, released prior to the actual earnings announcement.
The earnings season can be a time of great opportunity since better-than-expected figures could cause a companyās stock to greatly increase in value. Worse-than-expected results could have the opposite effect.
Thatās all from us for now.Ā
Signing out,
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The legal stuffĀ š¤
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