Tuesday, May 10th 2022
“A problem is a chance to do your best.” – Duke Ellington
1) Uber warns of "hardcore" cost cuts and prioritization of profitability
Titan’s Takeaway: This is the latest tech company to warn of a slowdown in hiring and the need to drastically reign in spend. The goalposts have changed — as investors in Uber, we’re encouraged to see management’s focus on shortening the path to profitability.
2) Ford sells their stake in electric car maker, Rivian
Titan’s Takeaway: Rivian was one of the most anticipated IPOs of 2021, yet like most other recent listings, life as a public company has been challenging to date. With a fragile market, unprofitable, capital-intensive businesses will continue to be judged with a harsh eye.
3) Instagram set to trial NFTs for content creators
Titan’s Takeaway: Twitter was the first of the social giants to embrace NFTs earlier this year, and others are racing to build out their offerings. With over one billion users, Instagram has a unique opportunity to introduce NFTs to a broader range of people; as investors in Meta, Ethereum, Polygon, and Solana, we welcome this launch.
Learn with titan
Become the smartest investor you've ever been through straightforward, easy-to-read investment articles.
Refer to Titan's Program Brochure for more information. Certain investments are not suitable for all investors. Before investing, consider your investment objectives and Titan’s fees. 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. The introducing Broker Dealer is Titan Global Technologies LLC, a registered broker-dealer and member FINRA/SIPC. Brokerage services are provided to Titan Clients by Apex Clearing, an SEC registered broker-dealer and member FINRA/SIPC. For more information, see our disclosures. Contact: 508 LaGuardia Place NY, NY 10012. Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.
© Copyright 2022 Titan Global Capital Management, Inc. All Rights Reserved.