There are already over $4 billion worth of yachts docked in Monaco's Port Hercules for this weekend's Formula 1 race (with billions more circling the waters nearby)
It seems like half of Twitter thinks $META is a generational opportunity…
And the other half thinks Zuck is an idiot that doesn’t care about shareholders.
If you’re a $META bull this is good. There’s no alpha if everyone agrees.
$HOOD closed its acquisition of WonderFi officially entering Canada for the first time and pushing Robinhood above 1M international funded customers.
WonderFi brings ~$2.6B in LTM crypto trading volume and ~$580M in crypto assets under custody.
Google just opened up the floodgates for the Mag 7 to begin doing ATM offerings.
The Mag 7 used to buy back stock. Now they are dumping shares in the open market.
Why? AI infrastructure.
As long as the capex delivers an ROI, the market may reward it, but it looks like Google feels they have tapped the debt markets enough and now need to visit the equity markets.
They also got Berkshire to buy $10B at $350, showing that Berkshire is supporting the move.
This is incredible to witness...but my question is...will this give the other Mag 7 companies the freedom to do ATM offerings if the market is willing to let them?
This incredible to witness.
$GOOGL $META $AMZN $MSFT