Elon Musk Is The New Twitter Boss, Let That Sink In. The Fastest Way To Lose Billions, & More.
Stone Email #21.
STOCKS
US Market- Facebook META 0.00%↑ is facing another tough period. Mark Zuckerberg’s net worth is down by over $100 billion in the last year. There are calls for Mark to focus on the core business, instead of chasing the metaverse.
The US economy saw a 2.6% GDP growth in Q3. Exports and a strong job market are some of the contributing factors. Reuters has the full story.
Jamaican Market - tTech CEO, Christopher Reckord will resign on November 30th. Norman Chen will serve as Acting CEO as of December 1st.
JMMB board to consider interim dividends for ordinary share holders, at a meeting scheduled for November 11th.
source: Jamaica Stock Exchange
TRICK/TIP
Have you heard of the Marshmallow test? It’s a simple test that can indicate the kind of decisions you may make later in life. Do you think you would’ve eaten the marshmallow?
OLD
These are the oldest glasses, on record.
Dating back to the 15th century, the glasses belonged to the Eighth Shogun, Yoshimasa Ashikaga, who reigned from 1449 to 1473, during the Muromachi period of Japanese history. Both the glasses and their accompanying case were made of hand-carved white ivory.
source: OpenCulture
NEW
Elon Musk is the new twitter boss. The deal is wrapping up after months of back and forth. Elon arrived at Twitter’s headquarters earlier this week, with a sink. “Let that sink in.” Read more.
ENTERTAINING
Kanye West has lost an estimated $1.5 billion or 75% of his net worth over the last few weeks. Companies have been cutting ties with him due to an antisemitic statement made on an episode of Drink Champs.
It’s clear that he has some issues to work on but he will have to ackowledge and commit to making the changes. It’s in the best interest of his wellbeing and legacy.
Kanye has since then apologized, but there are no signs that he’ll get back any of the deals that were canceled. You can pick up from the last part of the video or watch it in full.