😘 PayPal and Amazon, sittin’ in a tree

GE says enough is enough | No fury like a PayPal scorned | [Finimize]( Hi {NAME}, here's what you need to know for November 10th in 3:10 minutes. 💰 Don’t just rely on your company to fund a lavish retirement. Join us for [How To Retire Early With Crypto]( on Thursday, and find out how you can use crypto to take control of your future. [Grab your free ticket]( Today's big stories - General Electric announced it’ll be splitting into three separate companies - Buffett’s just revealed the four biggest stocks he’s invested in, and some of them might surprise you – [Read Now]( - PayPal reported worse-than-expected results, as eBay ditches its one-time partner Three’s A Crowd [Three’s A Crowd] What’s Going On Here? General Electric [announced]( on Tuesday that it’ll be splitting into three separate companies, as the jack-of-all-trades continues to take social distancing guidelines admirably seriously. What Does This Mean? General Electric (GE) – which was one of the world’s biggest companies by market value until the early 2000s – has been struggling to bounce back ever since the 2008 financial crisis. That’s not for lack of trying, mind you: it’s previously sold off both its pharmaceuticals manufacturing and aircraft leasing businesses in an effort to boost its bottom line. Those moves… didn’t work. Desperate times call for desperate measures, then: GE’s planning to split up into three entirely separate companies by early 2024 – one focused on aviation, one on healthcare, and one on energy. Why Should I Care? For markets: Less might be more. GE is a [conglomerate](, meaning it operates several unrelated businesses. But bigger isn’t always better: investors reckon conglomerates would be more profitable if they did just one thing well, rather than splitting their attention across multiple projects. That means GE isn’t necessarily as valuable as the sum of its parts, which is partly why it’s underperformed the US stock market by an average of 11% every year since 2009. Finally, though, that underperformance could be coming to an end: investors initially sent shares soaring by 12%. The bigger picture: Not all splits are so simple. Japanese conglomerate Toshiba is reportedly [thinking about](http://v?utm_campaign=daily-global-10-11-2021&utm_source=email&utm_medium=Daily%20Global%20Edition%20Users) splitting into three separate companies too: it’s been under pressure from [activist investors]( – those who use their significant stake in the company to influence change – to separate its infrastructure, devices, and microchip businesses. Still, that parting of ways might be trickier than GE’s: many of Toshiba’s businesses are wrapped up in issues of national security, meaning the Japanese government is likely to cast a wary eye over whoever takes control of them. You might also like: [How to invest like one of the best activist investors out there.]( 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=Three’s A Crowd&utm_campaign=daily-global-10-11-2021&utm_source=email) Analyst Take Where Is Saint Buffett Investing His Money? [Where Is Saint Buffett Investing His Money?]( [Photo of Carl Hazeley] Carl Hazeley, Analyst What’s Going On Here? Chances are you’ve heard of [Warren Buffett]( – the billionaire founder of investment conglomerate [Berkshire Hathaway]( who can seemingly do no wrong. So, like most investors, you’re probably curious about [what his firm’s invested in]( and why. Well, you’re in luck, because Berkshire Hathaway shared exactly that over the weekend – and it turns out 70% of its [$311 billion]( stock market portfolio is invested in just four stocks. And since Buffett’s favorites – cheap-looking value stocks – tend to be a good way to hedge against inflation, the firm’s top picks could [give your portfolio a boost]( too. So that’s today’s Insight: [what stocks Buffett’s firm is betting biggest on](, and whether you should follow suit. [Read or listen to the Insight here]( SPONSORED BY CROWDSTREET A clever way to profit from the healthcare boom Life sciences and healthcare are firing on all cylinders right now. But don’t go running straight to stocks: take a second to consider property. Hear us out: the CrowdStreet Life Sciences and Healthcare Fund is building a portfolio of [properties that profit directly from the boom](. Think medical office buildings and life sciences-related real estate, across multiple different [markets, developers, and investment strategies](. The fund even gets exclusive [early access]( to some of the most popular and in-demand deals available, which means you will too. [Make the most of the boom with Crowdstreet](. [Invest With Crowdstreet]( Tough Breakup [Tough Breakup] What’s Going On Here? PayPal [reported]( worse-than-expected results late on Monday, as the payment app realizes that the only way to get over eBay might be to get under Amazon. What Does This Mean? PayPal’s former owner, eBay, spun the payment company off six years ago, but they’ve kept working closely together ever since. Now, though, eBay is transitioning toward its very own payments system. That ghosting was evident last quarter, when eBay’s users spent 45% less via PayPal than they did the same time the year before. Throw in the fact that payments on PayPal’s cash transfer app Venmo grew by a weaker-than-expected 36%, and the firm’s total revenue only climbed by 13%. PayPal’s revenue outlook for the rest of the year was disappointing too, mostly because the company’s worried that supply shortages and the return of in-store shopping could dent ecommerce activity. Needless to say, investors aren’t confident either: they initially sent its stock down 5%. Why Should I Care? The bigger picture: A more supportive relationship. PayPal reckons Venmo could be its biggest source of revenue in the future, and it’s laying the groundwork to make that happen: the company just announced that Amazon would be introducing the transfer app as a payment option next year ([tweet this](). And since Venmo has been supporting crypto payments since April, the move might bring Amazon one step closer to learning some new tricks too… Zooming out: Crypto’s the place to be. Amazon would be wise to think about integrating crypto payments: the market’s now worth over $3 trillion, with bitcoin and ether each [reaching]( all-time highs on Tuesday. That might partly be down to the launch of the first US bitcoin-ETF last month, which has introduced more people to the OG cryptocurrency and inspired hopes that more crypto ETFs are in the pipeline. The US Federal Reserve’s still skeptical, mind you: it [warned]( investors this week that risky assets like crypto are particularly susceptible if the still-peaky economy takes a turn for the worse. You might also like: [Should you buy into the US’s first bitcoin ETF?]( 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=Tough Breakup&utm_campaign=daily-global-10-11-2021&utm_source=email) 💬 Quote of the day “I generally avoid temptation unless I can’t resist it.” – Mae West (an American stage and film actress) [Tweet this]( SPONSORED BY INDEED Your path to a job in finance It’s not always easy to get your foot in the door of the finance world. But [Indeed]( can help: you’ll be able to search [over 340,000 finance and accounting jobs]( at some of the highest-paying companies in the country. 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And [they won’t stop]( at your devices. - Get your friends into the cold. [They might thank you](. When you support our sponsors, you support us. Thanks for that. 🌎 Finimize Live 💎 Retirement, crypto style Your pension pot’s looking alright, sure, but there’s a way to make it even better – and no, we don’t mean bargaining with your boss. Trading crypto could help you rack up some savings so you can cash out nice and early, and our [How To Retire Early With Crypto]( event is a surefire way to get started. 👵 [How To Retire Early With Crypto](: 5pm UK Time, November 11th 🇮🇳 [How To Tap Into India’s Raw Potential](: 9am UK time, November 15th 💡 [Will Crypto Regulation Dent Your Portfolio?](: 12pm UK time, November 16th 🔥 [How The New “Commodity Supercycle” Impacts You](: 5pm UK time, November 17th 🚗 [How To Buy Into The EV Boom](: 1pm UK time, November 18th 💰 [Your First Step Into The Cryptoverse](: 5pm UK time, November 19th 🚀 [Finimize x Ledger Crypto Summit 2021](: December 2nd-3rd ❤️ Share with a friend Your Referrals: 0 Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. If they sign up on your unique link, you’ll earn some sweet swag. Share your unique link: [ You stay classy, {NAME} 😉 We’d love to hear your thoughts. [Give feedback]( Want to advertise with us too? 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