✋ Apple got sued

Apple has too much power, according to a lawsuit | Reddit's IPO was a hit – at least, at first | [Finimize](   TOGETHER WITH     Hi {NAME}, here's what you need to know for March 23rd in 3:12 minutes.   😇 The jury's out on whether AI is the devil or the angel on the world's shoulder. But check out our free [How To Use AI To Manage Your Portfolio]( guide, and you'll find out how to use the good side on your investments. [Check out the guide]( Today's big stories - US regulators slapped Apple with a lawsuit, alleging the company plays the game of monopoly a little too well - It’s not what you make in crypto, it’s what you keep, and a good defense can help you keep more of it – [Read Now]( - Reddit’s famously buzzy messaging platform created quite the stir in the public market Fair And Square [Fair And Square] What’s going on here? Apple was [sued]( on Thursday, by US regulators on a mission to rid the market of monopolies. What does this mean? Apple has a legion of loyal fans, primed to pledge their iPhone allegiance whenever a friend suggests the faux-pas of – gasp – trying another brand. The US Department of Justice (DoJ) has voiced its suspicions about the tactics Apple used to get there, though. Apple is being accused of gatekeeping its own services and icing out messaging apps that promote the mingling of iPhone users and anyone that dare prefer the touch of a competitor’s screen. If the DoJ proves that Apple is making the market tougher for rivals and consumers, the company could be forced to break up or shake up its business. That’s a tangible threat for Apple’s 64% market share – not what the stock needs after falling 7% this year while the S&P 500 climbed 10%. Why should I care? Zooming out: It’s getting toasty in here. Apple’s derrière is used to the hot seat. European Union regulators [slapped]( the company with a $2 billion fine for policies that force music streaming companies to take payments through the App Store. On top of that, Apple’s being assessed against the rules of Europe’s Digital Markets Act, and a dicey outcome could add up to fines worth 10% of its annual revenue. The bigger picture: Big losses, little wins. That pile-up of legal threats isn’t going to appease Apple’s investors. They’ve been watching through clammy fingers while iPhone sales lag behind local rivals in China and electric vehicle plans are trashed. After all that, Apple has lost its spot in the Fab Five ranking, trailing behind Nvidia, Microsoft, Meta, Alphabet, and Amazon. The only silver lining for iPhone fans: any forced changes could mean more App Store freedom, a wider choice of browsers, and better support for third-party smartwatches and contactless payments. You might also like: [Why Warren Buffet is such a big fan of Apple](. Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Fair And Square&utm_campaign=daily-global-23-03-2024&utm_source=email) Analyst Take How To Hone Your Crypto Defense, So You Can Win The Game [How To Hone Your Crypto Defense, So You Can Win The Game]( By Jonathan Hobbs, CFA, Analyst This week’s [crypto volatility]( has taught us one thing: investing in this market without risk management is like trying to win the Super Bowl without linebackers. Your team might score the odd touchdown, but without a solid defensive line, you’ve got zero chance of victory. So here are three ways to beef up your on-the-field protection, to help you take home the trophy. That’s today’s Insight: [how to build a sturdy defense in crypto](. [Read or listen to the Insight here]( SPONSORED BY ARCHAX Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. [Take 2 minutes to learn more](. The right tools can make it easier to keep up with bitcoin Bitcoin’s price just slipped momentarily, only days after hitting a new all-time high. That’s not new: bitcoin’s value swung around some 30% last year. The market's volatility is a double-edged sword, giving you the opportunity to make – or lose – a lot of money. But the right knowledge can tilt the odds in your favor. On the [Archax]( exchange, you can access [expert, cutting-edge insights]( that can help you spot market changes before they happen. What’s more, you can [trade a wide range of digital assets]( on the same platform, so whenever your research points you in a certain direction, you can diversify and rearrange your assets. Over 60% of investors believe that digital assets could mitigate the risks in their portfolios. So if you’re one of them, you can [check out a range of trades with Archax](. [Find Out More]( Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. [Take 2 minutes to learn more](. When you support our sponsors, you support us. Thanks for that. If you want your brand featured here, [get in touch.]( Reddit’s Credit [Reddit’s Credit] What’s going on here? Reddit [pulled]( off the biggest initial public offering (IPO) from a social media company in years. What does this mean? Reddit’s most intriguing messaging forums might be known for hiding in hard-to-find corners of the site, but the platform’s IPO was anything but under-the-radar. After listing on Thursday, Reddit’s stock flew from the IPO price of $34 to just over $50. That valued the platform – which harbors some 73 million daily users – at around $9.5 billion. Redditors, the platform’s loyal users and moderators, were allowed to buy into the company alongside institutions, too – a rare opportunity that’s left them sitting on a profit worth messaging about. Why should I care? Zooming in: Sense check tech. After a long dry spell, Reddit’s debut suggests that the US IPO market is finally back in business. And it was in good company: Astera Labs’ stock picked up by 70% after the tech company went public on Wednesday. Be wary of chasing their tails, though. Historically, newly public stocks lose their momentum as the hype fades, a trend that seemed to be impacting Reddit’s stock on Friday. Plus, Reddit has yet to turn a profit. That said, the platform did launch a data-licensing business last year and signed a deal with Google in February, promising to hand over data to help train Alphabet's AI systems. The bigger picture: Misinformation on Reddit… Never. Reddit might be a hot stock right now, but our latest Modern Investor Pulse showed that retail investors have become more cautious about using social media to find investment ideas. Instead, they’re leaning toward more credible, independent sources for advice. They’re not feeling as skeptical about markets, mind you: 74% of those who answered said they think global stock markets will be higher a year from now, and 71% plan to make more investments this year, with tech stocks at the top of their shopping lists. You might also like: [The Finimize Modern Investor Pulse](. Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Reddit’s Credit&utm_campaign=daily-global-23-03-2024&utm_source=email) 🐰 The Reddit rabbit hole [Reddit](, the birthplace of r/wallstreetbets, made its buzzy stock debut this week – pricing at the top of its range and then landing almost 70% higher in its first trading day. Not a bad showing for a two-decade-old social media site that still has never made a profit. Here’s [Stéphane’s rundown of everything you need to know](. [Read or listen to the Insight here]( 💬 Quote of the day "Rules and models destroy genius and art." – William Hazlitt (an English essayist) [Tweet this]( Everything you need to know about ISAs: your free guide Not every savings account or investment opportunity becomes mainstream dinner conversation. But in the UK, you can’t meet anyone this time of year without ending up in a DMC about [Individual Savings Accounts]( (ISAs). Tantalizing, we say. It’s no wonder they get folk talking: they let you [hold cash, shares, and certain other assets]( without paying tax on the interest, dividends, or capital gains they earn. So your decision isn’t so much whether to open one, it’s [which type of ISA to open]( – cash, stocks and shares, innovative finance, or lifetime – and which company to open it with. That’s why we put together a free guide on [the ISA do’s and don’ts]( with IG, so you can [set up the right account for you before the April deadline](. It’ll help you keep up with friends’ catch-ups, too. [Read The Guide]( 🎯 On Our Radar 1. Dating is hard at the best of times. Dating while grieving your partner is [a whole life lesson](. 2. Governments are finding ways to make money from sustainability. You can [do the same](.* 3. Investors can’t get enough AI. [Astera Labs’ IPO]( proves it. 4. AI might be savvy, but it's far from infallible. If you want to invest with the tech, [make sure you do it right](.** 5. Babysitting, but way more intense. Here’s an honest insight into [the process of surrogacy](. **See Streetbeat's [disclosures](. When you support our sponsors, you support us. Thanks for that. SPONSORED BY HEALTHWORDS.AI [HEALTHWORDS.AI]( When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live 🤩 Coming Up Soon... All events are in UK time. 🏦 [How To Build Your ISA Portfolio:]( 5pm, March 26th 💰 [How To Become An ISA Millionaire:]( 5pm, March 27th 💪 [Building Wealthy Women: Investing in Your Future:]( 5pm, April 11th 💥 [A Beginner's Guide To Impact Investing](: 5pm, April 25th 📈 [An Insider's Guide To Success As A Finance Professional](: 5pm, May 14th 🚀 [2024 Modern Investor Summit](: 2pm, December 3rd ❤️ Share with a friend Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. You stay classy, {NAME} 😉 We’d love to hear your thoughts. [Give feedback]( Want to advertise with us too? 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