Three Things (6/30)
Jun 30, 2022
1) Snapchat pushes send on premium subscription: The social media company announced plans to release a premium subscription model under the brand, Snapchat+. The premium service will cost $3.99/month. Snapchat+ will mainly be a cosmetic upgrade at first, adding several features that look to grow engagement.
Titan’s Takeaway: The premium service is Snap’s first real attempt to make money outside of advertising. Although it diversifies revenue, the move calls into question whether subscribers will be able to eventually turn off advertisements altogether, a potential risk that could impact Snap’s biggest and most important revenue driver.
2) Tesla charges forward with job cuts: Tesla announced plans to close its San Mateo, CA office and lay off 200 workers this week. The news follows comments from Elon Musk that the electric vehicle company will cut 10% of its salaried workforce amid concerns about the global economy.
Titan’s Takeaway: Layoffs have been a common theme across companies that have pursued growth at all costs over the last several years. The news reveals a chink in Tesla’s perverbiale armor as supply chain issues and never ending construction costs weigh on the companies bottom line.
3) U.S. first quarter GDP shrinks: The Bureau of Economic Analysis's final estimate of first-quarter GDP released Wednesday morning showed a 1.6% annualized drop in economic growth to start 2022. The contraction in gross domestic product was the first since the recession caused by the pandemic in 2020. The GDP report serves as a backward looking view of the economy.
Titan’s Takeaway: The old-fashioned Econ textbook definition of a recession is identified as a fall in GDP in two consecutive economic quarters. The U.S. economy is slowing and with consumer spending numbers being revised sharply, the potential for a soft landing may be further out of reach.
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.