📈 Pinterest rates are skyrocketing

PayPal only has eyes for Pinterest | Please don’t leave airline results unattended | [Finimize]( Hi {NAME}, here's what you need to know for October 22nd in 3:05 minutes. 🦈 If you spent your lockdown binging Shark Tank, now’s your chance to get up close and personal with the sharp-toothed billionaire that is Mark Cuban. Join us for the [Finimize Crypto Summit]( on December 2nd-3rd, and you’ll hear from Mark, Tim Draper, and a whole host of other leaders in the space. [Get your free ticket]( Today's big stories - Payments giant PayPal is thinking about buying social media platform Pinterest - Our analyst has looked into whether you should buy into the world’s first bitcoin ETF – [Read Now]( - Three of America’s biggest airlines reported better-than-expected earnings, but they’re not out of the woods yet Register Your Pinterest [Register Your Pinterest] What’s Going On Here? News broke this week that PayPal is [thinking]( about buying social media platform Pinterest, along with a tasteful throw cushion that’ll really make its bedroom pop. What Does This Mean? PayPal has been trying to [broaden]( its services recently, in a bid to keep up with trends toward both ecommerce and shoppable social media content. That’s led it to Pinterest, which the payments company reportedly wants to buy for $45 billion – 26% more than it was worth before the news dropped. That would make it the biggest tech deal of the year, and PayPal’s biggest purchase to date. And why not: PayPal’s share price has more than doubled since the start of 2020, meaning the company’s in a prime position to offer up its stock, rather than cash, as payment. Why Should I Care? The bigger picture: Is it a bird? Is it a plane? Pinterest’s 380 million monthly active users can already buy products on the platform via payment platforms like Shopify. But if PayPal makes the deal, it’d be able to process and collect fees on all those orders itself. That’d bring PayPal one step closer to its goal of becoming a "super app" for shopping and finance – the American equivalent of China’s Alipay or WeChat. For markets: Good for the goose, not the gander. PayPal’s investors weren’t optimistic: they sent the company’s stock down 7% after the news broke. That could be because they’re nervous that the venture will distract from more important matters, or that PayPal will get tied up with the time-consuming and expensive exercise of content regulation. But for Pinterest, the deal might’ve come at just the right time: the company’s active user base has [slumped]( post-lockdown, and its co-founder – who has overseen its growth since 2011 – announced his departure last week. Investors, then, might see this as just what the platform needs, which could be why they initially sent its shares up 13%. You might also like: [How to work out if Pinterest’s really worth $45 billion.]( 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=Register Your Pinterest&utm_campaign=daily-global-22-10-2021&utm_source=email) Analyst Take Should You Buy Into The World’s First Bitcoin ETF? [Should You Buy Into The World’s First Bitcoin ETF?]( [Photo of Stéphane Renevier] Stéphane Renevier, Analyst What’s Going On Here? The [first-ever bitcoin ETF]( is finally available to trade under the ticker “BITO”, and it closed its opening day with a bang: [up 5%](, with record volume and high retail participation. But if you’re thinking about buying into [BITO](, there are [a few things]( you should know first. The most obvious is that BITO doesn’t invest in bitcoin directly, but in [futures](: derivatives contracts that bet on where bitcoin’s price will be at a designated point in the future. That’s important: it impacts [the fees you’ll pay](, the [regulatory waters]( you’re wading into, and the [operational requirements]( the ETF’s managers will have to meet. So that’s today’s Insight: what sets a futures-linked ETF apart, and [whether BITO is ultimately worth putting your money into](. [Read or listen to the Insight here]( Guilt Trip [Guilt Trip] What’s Going On Here? Three of America’s biggest airlines reported better-than-expected earnings earlier this week, sure, but they still have plenty of baggage they can claim as their own. What Does This Mean? [Southwest Airlines](, [American Airlines](, and [United Airlines]( all posted revenue that beat analysts’ expectations – up 161%, 183%, and 211% respectively versus the same locked-down period last year. And those figures would’ve been higher too, if not for an August surge in the Delta variant that scared away plenty of would-be jetsetters. But Southwest, American, and United might not want to recline their seats and enjoy the ride just yet: ever-increasing fuel costs are still kicking them in the back, while a shortage of airline workers means there are only so many flights they can actually offer. Why Should I Care? For markets: The world’s a big place. The air travel industry continues to be dogged by the impact of the pandemic, with an ETF that tracks everything from airports to aircraft manufacturers lagging the US stock market by 20% in the last six months ([tweet this](). But United Airlines is keeping its cool: the airline specializes in international flights, which bring in more profit than the domestic flights its rivals rely on. And since the firm’s expecting that profitability gap to continue to grow, it’s doubling down: United Airlines said earlier in the week that it’s aiming to offer 10% more international flights next year. The bigger picture: Work for us. Please. Those labor shortages don’t look like they’re going away anytime soon: [data]( out on Thursday showed that the number of Americans claiming unemployment benefits fell to the lowest level since before the pandemic last week, even as job openings remain at all-time highs. That suggests there are plenty of jobs to go around, there just aren’t enough jobseekers to fill them. You might also like: [How to profit from the airline industry’s comeback.]( 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=Guilt Trip&utm_campaign=daily-global-22-10-2021&utm_source=email) 💬 Quote of the day “Business opportunities are like buses, there’s always another one coming.” – Richard Branson (an English business magnate, investor, and author) [Tweet this]( SPONSORED BY BITCOIN IRA Your crypto retirement plan So you want the [best of both worlds](: the security of a long-term retirement account, and the potential of winning big with crypto. Investing through the world’s first, biggest, and most secure crypto [individual retirement account (IRA)]( sounds pretty perfect then, right? With [Bitcoin IRA](, you can invest in multiple cryptocurrencies tax free until you retire – just like a normal IRA.* You’ll rack up to [6% a year in interest]( on both your cash and crypto, all while safe in the knowledge that your stash is locked up [safe and sound in offline storage](.** That is why over 100,000 users trust [Bitcoin IRA]( with their retirement dollars. It takes less than 3 minutes to get set up: [open your account here](. [Open Your Account]( *Some taxes may apply. We recommend you consult your tax, legal, and investment advisor. **Interest rates may vary. When you support our sponsors, you support us. Thanks for that. 🌎 Finimize Live 🤩 There’s something about Korea Squid Game might be the latest success, but Korea’s been churning out hits for a while. No wonder, then, that the country’s media stocks are on the rise. 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