☀️ Reddit's big bang

Reddit got everyone talking – and not because of the latest AITAH thread | Renewables are picking up, and fast | [Finimize]( Hi {NAME}, here's what you need to know for May 9th in 3:13 minutes.   🚀 Our [Modern Investor Summit]( connects the smartest minds in investing with our one million-plus global community of investors – and your brand can be front and center of it all. [Get in touch today]( for early-bird pricing Today's big stories - Reddit reported chatter-worthy sales in its first report since going public - Morgan Stanley found five “long shot” investments worth exploring – [Read Now]( - A new study revealed that the share of global electricity generated from renewable sources reached a record high last year A Talking Point [A Talking Point] What’s going on here? Reddit became the talk of the town after posting strong sales in its first [report]( since going public. What does this mean? Today’s endless chatter on Reddit may just be about, well, Reddit. The social media site might’ve had a bumper $748 million initial public offering (IPO) in March – but since then, investors have worried about non-existent profit and a potentially overinflated valuation. These results might’ve calmed their nerves: daily active users jumped 37% over the last year, calming fears about waning popularity, while revenue was up a better-than-expected 48%. Mind you, Reddit still made a loss – although it wasn’t quite as bad as feared, with a lot of the costs related to its IPO. What’s more, Reddit hinted at an adjusted profit of $10 million, so there’s hope yet for those betting on the company’s success. Why should I care? For markets: AI, AI, AI. Hardly any tech companies have seen returns from their investments in the AI space so far. Reddit is an exception. One of its shiny new revenue streams is licensing its treasure trove of data to AI firms: the company boasts an archive of 18 years of endless chat – a gold mine for language models. Reddit has already inked deals worth over $250 million spanning two to three years, bringing in $20 million in the first quarter alone. The bigger picture: Boom or bust. Consumers are spending money but a stark divide is emerging. The well-off – encouraged by rising investment values and tidy interest rates on their filled-up bank accounts – are splurging. Meanwhile, the cost of living crisis is snapping at the heels of the less fortunate. This hasn’t been a problem for Reddit so far: it relies more on money from ads than users. Of course, that could be tested if the economy starts affecting a larger share of the population, potentially encouraging companies to cut back on ad spending. You might also like: [What you need to know about the Reddit IPO](. 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=A Talking Point&utm_campaign=daily-global-09-05-2024&utm_source=email) Analyst Take Morgan Stanley’s Five Cutting-Edge “Long Shot” Investment Ideas [Morgan Stanley’s Five Cutting-Edge “Long Shot” Investment Ideas]( [Photo of Stéphane Renevier, CFA] Stéphane Renevier, CFA, Analyst "[Long shots](" aren't just any investing opportunities: they're the bold, potentially transformative plays where high tech meets high stakes. Think curing diseases, controlling DNA, or 3D printing organs. This is where longevity intersects with tech innovation, and [the rewards could be world-changing]( – not to mention wallet-fattening. Identifying these pioneers is no small feat. Yet, Morgan Stanley believes that by understanding the adoption and innovation cycles of these technologies, investors can [stack the odds in their favor](. So here are five cutting-edge innovations in longevity that Morgan Stanley believes could be the next big breakthroughs in tech, and [how you could potentially cash in on their success](. That’s today’s Insight: [Morgan Stanley’s list of long shots](. [Read or listen to the Insight here]( "If a tree falls in a forest and no one is around to hear it, does it make a sound?" You're a brilliant business with great products. (We've taken the liberty of making an assumption.) Now you need to [find the right audience](, so you can really make a sound. Our one-million-strong international [financial community]( is on the lookout for any products and services that can help them make smarter decisions with confidence. That sounds like a perfect pairing to us. [Get Your Name Out There]( Feeling The Heat [Feeling The Heat] What’s going on here? A study showed the share of electricity generated from renewables [hit]( an all-time high last year, but there’s still work to be done. What does this mean? Beachgoers might’ve appreciated the early arrival of summer, but April [marked]( the 11th consecutive month of record-breaking heat. So now, it’s more important than ever to cut fossil fuel use in the power industry – by far the biggest contributor to global carbon dioxide emissions. At least we’re making progress: a new study from think tank Ember showed that renewable sources provided a record 30.3% of global electricity last year, up from 29.4% in 2022, with green energy generation growing at a faster rate than that of fossil fuels. The widespread build-out of solar farms in the past few years has spurred that on, after an oversupply of Chinese solar panels led to a big drop in prices. That’s helping to put a global target of tripling renewable capacity by 2030 within sight, according to Ember. Why should I care? The bigger picture: Hot on the heels. Building new renewable energy plants isn’t just a matter of saving the world: global demand for electricity is set to accelerate in the coming years as data centers, crypto miners, and EVs become more widespread. In fact, the International Energy Agency projects that global power demand for data centers alone could double by 2026 to over 1,000 terawatt-hours. For context, that’s the entire annual electricity consumption of Japan. Zooming in: A balancing act. The issue with renewable energy, though, is that it relies on the whims of the wind and sun. But everything – from data centers to whole countries – needs a stable supply of electricity. That’s partly why G7 countries agreed last month to increase electricity storage capacity sixfold from 2022 to 2030, as countries grapple with the issue of keeping the lights on while going green. You might also like: [How to invest in materials crucial to the green transition.]( 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=Feeling The Heat&utm_campaign=daily-global-09-05-2024&utm_source=email) 💬 Quote of the day "Absence sharpens love, presence strengthens it." – Thomas Fuller (an English churchman and historian) [Tweet this]( 🤝 Tom and Jerry, Woody and Buzz Lightyear, Butch Cassidy and the Sundance Kid. You're a stellar fintech brand looking to get your name out there, and [we're a newsletter]( with hundreds of thousands of brainy, switched-on readers. Let's become the next picture-perfect duo: [Talk to the team](. [Get Your Name Out There]( 📆 All about April Just like the old poet warned, [April]( was the cruelest month. The year’s most popular and best-performing markets [reversed direction]( in the month to become, well, the worst. [Let's find out what happened](. [Read The Quicktake]( 🎯 On Our Radar 1. Underwater music. Learn to hear the [sounds of the seas](. 2. New crypto projects are spawned every day. Here's your [guide to investing in bitcoin](.* 3. Way out there. The serious and scientific business of [searching for alien life](. 4. Preparing for real-world investing. Discover [the theoretical elements of investing and portfolio construction](.* 5. Wild ride. Throughout the 1980s and 90s, Acton Park had a reputation as one of the [most dangerous theme parks]( out there. 🌍 Finimize Live 🤩 Coming up soon... All events in UK time. 💃🏼 [Finimize Ladies Investing Club](: 6.30pm, May 9th 🏔️ [Gaining An Edge Beyond ETFs](: 8pm, June 19th 🚀 [2024 Modern Investor Summit](: 2pm, December 3rd ❤️ Share with a friend Thanks for reading {NAME}. 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