MARKET NEWS
- Gold = $1,657.90
- Silver = $19.48
- Platinum = $925.40
Stocks are on a three-day winning streak. This is probably just another rally before the storm gets worse though. Late yesterday Alphabet reported its fifth consecutive quarter of slower growth. YouTube and Google are just not performing
like they used to.
According to a Greenpeace report virtually no
plastic is actually recyclable. All those soda and water bottles are not really up to standards on what can be called recyclable. The problem is made even worse by shorthanded recycling companies who don't have the ability to sort through all the different types of plastics that come into their facilities. Less than 5% of all plastic waste in the US last year was actually recycled. China use to accept US plastic waste and they called this recycling, but it was actually being burned or
dumped.
10% of adults get their news from TikTok and 44% of all adults get their news from Facebook according to a pew research study. So much bad in
that last sentence I am not sure how to even comment on it.
MrBeast a very popular YouTuber is seeking a $1.5 Billion valuation for his "YouTube Empire." For those that don't know, MrBeast's channel mainly consists of him
hosting outlandish competitions for big prizes. Think: the last person to leave the couch gets $10,000. He can give away big bucks because he is making even bigger bucks through YouTube and other video platforms.
Halloween Candy like Twix and Skittles are up over 40% from last
year. Inflation leaves no survivors.
Investors are not sold on META just yet. Right Now, META has a lot of issues to work through to get a usable, efficient and profitable Metaverse up and running
and this has investors very skeptical. And even though we at C3 are completely against the Metaverse, we think these issues will be solved given enough time. The tech is there or at least has the potential to be there but it always take a little time to get buy in and work out all the kinks with new technology.
Google is struggling and TikTok is a main factor as to why. TikTok is stealing market share from Google powerhouse YouTube. It would seem we are trading one evil for an even greater one. Our attention spans are getting
shorter and the information we receive is becoming even more shallow. This will probably be disastrous for us all. But hey, there is always hope that more and more people will find the will power to avoid these social media addictions.
Coca-Cola is the one company that seems to
be killing it in sales. People love their soda no matter what inflation is doing to their bank accounts. Coke surprised everyone by reporting a big sales bump.
Not a whole lot of great news, but always remember that we are fighting a battle in which the War has already been won. Christ is King!