🤼 Twitter v. Meta: Millions Join & Billions at Stake

^{"The time your game is most vulnerable is when you're ahead. Never let up."}

— Rod Laver

👋 Friends, Rallie here. The newsletter sliding into your DM’s with the latest in crypto, finance, and tech.

On the menu:

• 🤼 Twitter v. Meta: Millions Join & Billions at Stake

• 🗞️ Headlines That Hit

• 📈 Refresh: Amortization

• ✌️ Trivia Tuesday

• 💯 Top Tweets

The Rallie Recap

🤩 Billions is at stake in the battle between Musk and Zuck. Here’s what all the buzz is about:

• For those who are not aware… Elon Musk is the owner of Twitter, CEO of Tesla, founder of SpaceX, and co-founder of The Boring Company (yes, that’s a real company of his). 🌐 

• Mark Zuckerberg is the cofounder and CEO of Meta, the parent company with an expanding social media reach including apps like Instagram and Facebook. 🤳

• 💣 So, what’s the drama? After years of back-and-forth attacks about each other’s companies, ranging from Elon claiming that Instagram “makes people depressed” to Zuckerberg highlighting a SpaceX explosion that accidentally blew up a satellite used by Facebook, a cage fight is in the making.

• Late last week, Zuckerberg started a fight with Musk in the corporate arena. In an attempt to overtake Twitter, Meta launched Threads, a social media text app, which many are calling Twitter’s clone. 📲

• 😎 And it’s a big win for Zuckerberg: The new app came in with a bang, breaking records by adding over 100M users in less than five days, becoming the fastest growing app to date. (Zuck - you still got it!)

• But the trash talk reached a boiling point: 😡

• Twitter is striking back with the law by 🚨 accusing Meta of taking Twitter’s trade secrets and other intellectual property, Musk’s company claims that Threads was unethically developed using Twitter’s former employees. 🕵

• 📉 Will Twitter’s legal action make a difference? The platform, which is facing increasing controversy over paywalls, is experiencing massive drops in traffic since Threads launched last week.

• 👩‍⚖️ In Europe, the road to make Threads available for download is bumpy. Lawmakers cite security, competition, regulation and data concerns that severely impact consumers’ privacy and options for restricting the app’s reach.

• Yet, the platform is projected to only receive a slight delay in availability with predictions that Meta will adjust itself to prove regulatory compliance despite some “upcoming regulatory uncertainty.”

• So will Twitter take a win in the near future? 🥊 From physical to economic fights, the corporate clash could affect you. Be sure to stay updated with The Weekly Rallie!

Headlines That Hit

• 🚧 Stand your ground! Winnipeg protestors continue road blockage over government’s refusal to search for Indigenous women’s bodies dumped in landfills despite the possibility of legal action.

• 🔌 Where did it go? Multichain, a blockchain bridge, pulls the plug after a software malfunction, a missing CEO, and $120M USD in crypto gone.

• ₿ Bold prediction. Standard Chartered, a consumer banking corporation predicts bitcoin could reach $50K USD this year and $120K USD by the end of 2024. 

• 🇮🇳 India’s setback in the chip game. The world’s largest contract electronics maker, Foxconn, withdraws from a $19.5B USD semiconductor joint venture with Indian conglomerate, Vedanta.

Rallie Refresh: Amortization

😵‍💫 Think deflating balloon… How is this mouthful of a word involved in your finances? We’re talking amortization in today’s refresh:

🏛️ What is amortization?

• Amortization is a tactic used to gradually lower the book value of a loan or intangible asset over a set period of time.

• This process helps businesses and investors understand and forecast their costs over time or provide insight on the portion of a loan payment that consists of interest vs. the portion that is principal.

• The difference between this concept and depreciation is that amortization refers to intangible assets (ex: patents) compared to depreciation’s tangible assets (assets that are subject to physical wear and tear).

✌️ What are the two situations of amortization?

1. When you are gradually paying off debt through regular installments that include both interest and principal amounts, ensuring that the loan is completely repaid by its maturity date.

2. When an individual or organization spreads out their capital expenses related to intangible assets over a specified duration for accounting and tax purposes.

🤓 Most accounting and spreadsheet technology have functions to calculate amortization automatically, so you don’t need to worry too much about how to do it. If you are curious about negative amortization and more, let us know!

✌️Trivia Tuesday✌️

✍️ The answer for Thursday’s newsletter (which celeb has not sold their own NFT?) is Emily Blunt! Tune in next time for today’s fun fact answer.

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That's all for today. Stay hungry & we'll catch you next time. ✌️

DISCLAIMER: This is not financial or legal advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions.