Three Things (5/4)
May 4, 2022
The below content and projections are the opinion of the authors. Any conclusions or takeaways are their own. This should not be considered as investment advice. Investing involves the risk of loss and returns are not guaranteed.
1) Meta plans rollout of four VR headsets by 2024 as hardware push accompanies metaverse ambitions
- The first of Meta’s planned devices — a high-end VR and mixed-reality headset — is set to launch later this year.
- The company is set to launch an updated version of its Quest headset in each of 2023 and 2024.
- According to a product roadmap viewed by The Information, the company expects to launch a high-cost and lower-cost headset in alternating years over the long term.
Titan’s Takeaway: Product roadmaps are always subject to review and delays, but this aggressive timeline tracks with the focus on the metaverse and related products we heard from Meta management last week. Hardware, of course, is quite a different business from the ads model that built Meta into one of the biggest companies in the world, but this clarity will likely be welcomed by investors after a few challenging quarters.
2) Job openings and job quits hit records as labor market remains robust amid economic re-opening
- The number of open jobs in the U.S. totaled 11.55 million in March, the most on record according to data from the BLS released Tuesday.
- More than 4.5 million workers quit their job in March, a record high.
- As of March, there were 1.9 open jobs for every unemployed worker, a sign of continued demand for labor.
Titan’s Takeaway: First quarter data may have shown a slowdown in economic growth, but the labor market still appears to be undersupplied, a positive sign for the income and spending prospects of consumers in the months ahead. We’ll keep close tabs on this Friday’s jobs report, which is expected to show nearly 400,000 new jobs were created in April, for more clarity around these trends.
3) Uber partners with Tesco to accelerate U.K. high-speed delivery plans amid push into new categories
- Uber Eats couriers will begin making deliveries placed through Tesco’s rapid grocery service, Whoosh.
- The partnership will begin in 20 stores across the U.K.
- Uber is set to report quarterly results before the market open today.
Titan’s Takeaway: High-speed grocery delivery has been the latest innovation in the delivery space, and we’re encouraged to see Uber leverage its partner network to make inroads in this nascent business line. This type of partnership falls under Uber’s “New Verticals” business, which had its best-ever month at the end of Q4.
Cash Management
© Copyright 2024 Titan Global Capital Management USA LLC. All Rights Reserved.
Titan Global Capital Management USA LLC ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept and agree to Titan’s Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities or investment products. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are hypothetical in nature and may not reflect actual future performance. Account holdings and other information provided are for illustrative purposes only and are not to be considered investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.
Please refer to Titan's Program Brochure for important additional information. Certain investments are not suitable for all investors. Before investing, you should consider your investment objectives and any fees charged by Titan. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested, including principal. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members of FINRA/SIPC. For more information, visit our disclosures page. You may check the background of these firms by visiting FINRA's BrokerCheck.
Various Registered Investment Company products (“Third Party Funds”) offered by third party fund families and investment companies are made available on the platform. Some of these Third Party Funds are offered through Titan Global Technologies LLC. Other Third Party Funds are offered to advisory clients by Titan. Before investing in such Third Party Funds you should consult the specific supplemental information available for each product. Please refer to Titan's Program Brochure for important additional information. Certain Third Party Funds that are available on Titan’s platform are interval funds. Investments in interval funds are highly speculative and subject to a lack of liquidity that is generally available in other types of investments. Actual investment return and principal value is likely to fluctuate and may depreciate in value when redeemed. Liquidity and distributions are not guaranteed, and are subject to availability at the discretion of the Third Party Fund.
The cash sweep program is made available in coordination with Apex Clearing Corporation through Titan Global Technologies LLC. Please visit www.titan.com/legal for applicable terms and conditions and important disclosures.
Cryptocurrency advisory services are provided by Titan.
Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.
Contact Titan at support@titan.com. 508 LaGuardia Place NY, NY 10012.