😨 Covid’s back

Cue another pandemic selloff | Pinduoduo’s results don’t bear fruit | [Finimize]( Hi {NAME}, here's what you need to know for November 29th in 3:11 minutes. 💥 There’s only one week until the [Finimize x Ledger Crypto Summit](. It’s the biggest event of its kind ever, and it’s your chance to design your winning crypto strategy with the likes of Mark Cuban and Tim Draper. Join the 10,000 Finimizers that have already signed up: [grab your free ticket]( Today's big stories - A new Covid variant has caused global markets to plummet - One blockchain-focused venture capital firm founder has shared how to find value in the next generation of the internet – [Read Now]( - Chinese ecommerce platform Pinduoduo reported worse-than-expected results Spin Off [Spin Off] What’s Going On Here? Just when you thought you were out, the pandemic pulls you back in: news of a fresh coronavirus strain prompted a market [selloff]( on Friday. What Does This Mean? You can never quite relax in these pandemic-stricken times: surging Covid cases are a constant threat to the world’s already-slowing recovery, and the arrival of a brand new variant has sparked worries that economies might take another hit soon. The variant’s suspected to have caused a surge of South African cases last week, and global health officials reckon it could both spread faster than Delta and better evade our vaccines. That means it has the potential to send countries back into the depths of lockdowns, which would cripple economies around the world. At least governments are acting fast: plenty of countries have already reimposed travel restrictions to try to limit the spread. Why Should I Care? For markets: Stocks get grounded. Stock market indexes around the world plummeted on Friday, as concerned investors started selling off stocks and buying so-called “[safe haven](” assets – like gold and government bonds – instead. The prospect of travel restrictions hit airline stocks particularly hard: British Airways’ parent IAG initially saw its stock fall by 21%. There is at least one company that could benefit if restrictions come back into force, mind you, which might be why Zoom’s stock rose 9%. Zooming out: Don’t believe the hype. Take those investor reactions with a pinch of salt: professional investors are taking a break for the holidays, which means there’s been a lot less trading activity than usual. The trades that are being made, then, could be having a much bigger impact on the wider markets than they would do normally. Plus, it was a Friday: investors and traders might just be keen to get rid of their risky assets before the weekend, in case more bad news comes out when markets are shut and they can’t do anything about it. You might also like: [The one group of stocks that could ride out shortages, inflation, and – yup – the resurgence of coronavirus.]( 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=Spin Off&utm_campaign=daily-global-29-11-2021&utm_source=email) Analyst Take How To Find Value In The Next Generation Of The Internet [How To Find Value In The Next Generation Of The Internet]( [Photo of Andrew] Andrew, Analyst What’s Going On Here? If you’re not sure what [Web3]( is, let’s get you up to speed. [Web 1.0]( was the “read-only” internet of the 1990s, where people were consuming content but largely restricted from coding it for their own purposes. [Web 2.0]( came a decade later, where you’ve not just been able to code for yourselves, you can actually create websites without those skills under your belt. But now we’re trending toward web 3.0 – or web3 as the cool kids are calling it. That’s all about [taking ownership from centralized parties]( and giving it to you via blockchain technology. And David Chreng, founder of blockchain-focused venture capital firm Leadblock Partners, has a few ideas on [how to tap into its investment potential](. So that’s today’s Insight: our interview with David on everything from [how value crypto tokens differs from valuing stocks]( to why the metaverse is such an exciting opportunity. [Read or listen to the Insight here]( Dressing Down [Dressing Down] What’s Going On Here? Pinduoduo’s salad days might finally be over: the Chinese fruit and veg ecommerce platform [reported]( worse-than-expected results on Friday. What Does This Mean? Pinduoduo was full of beans when China was in a pandemic-related pickle, but its performance went a little pear-shaped last quarter. The country’s shoppers could, after all, finally go bananas in bricks and mortar stores, thanks to both a rise in coronavirus vaccinations and drop-off in restrictions. Toss in supply disruptions that might’ve made it tricky for Pinduoduo to cherry-pick the stock it needed, and the last few months couldn’t beet forecasts: the platform’s revenue grew 51% compared to the same time last year – a long way short of the 87% investors were expecting ([tweet this](). Why Should I Care? For markets: Is Pinduoduo going cheap? Pinduoduo’s share price initially fell 12%, but the update itself wasn’t entirely to blame for the sour grapes: investors have been increasingly wary of China’s unpredictable crackdowns on tech companies, with Pinduoduo’s stock having fallen more than 40% this year even before these results. But at least the tech giants are peas in a pod: Alibaba and Tencent have seen their stocks collapse 43% and 20% respectively in the same period. Some analysts reckon this makes now a plum time to buy Chinese stocks, but only time will tell if they’re just dangling a carrot in front of investors’ noses… The bigger picture: A tale of two countries. Then again, Pinduoduo is small potatoes as far as China’s concerned: the only thing it gives a fig about right now is reversing the slowdown in its economic growth. That’s got some economists [wondering]( if the country might start slashing interest rates, which would lower the cost of borrowing and, in turn, encourage companies and individuals alike to spend their money. How do you like them apples, America: the US Federal Reserve has been talking about raising rates in an effort to curb rocketing prices. You might also like: [The 50 stocks Goldman thinks will profit from China’s crackdowns.]( 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=Dressing Down&utm_campaign=daily-global-29-11-2021&utm_source=email) 💬 Quote of the day “Success usually comes to those who are too busy to be looking for it.” – Henry David Thoreau (an American naturalist and philosopher) [Tweet this]( CRYPTO PULSE TOGETHER WITH FABRIIK What’s next for Satoshi’s vision? [Satoshi Nakamoto]( – the pseudonymous founder of bitcoin – rolled out the first cryptocurrency with a vision. As he wrote in his original whitepaper, Satoshi wanted “[only one global chain”](built for enterprise and capable of becoming the world’s new money – much like there’s just one internet. And one crypto – [bitcoin SV](, short for “Satoshi’s Vision” – is trying to live up to that. This coin was minted in November 2018, and while it’s not as well-known as the likes of gold and bitcoin, it’s got pluck. And as bitcoin SV’s miners might tell you, it’s [more than just another “hard fork” cryptocurrency]( like those two rivals. [Find out more with Fabriik](. [Find Out More]( When you support our sponsors, you support us. Thanks for that. 🎯 On Our Radar - Your favorite cartoon character is great for science. As long as it’s [full of helium](, of course. - Hands up if you want to earn more on your crypto. Earn up to [12% interest]( a year – and get a [$20 bonus]( to start – when you sign up with Cabital.* - Musk versus JPMorgan. The weapon of choice: [Yelp reviews](. - Everything about the pill. And a [safe space]( created by women, for women. - Germany’s saying no to coal. And it’s being phased out [sooner than expected](. When you support our sponsors, you support us. Thanks for that. 🌎 Finimize Live ✉️ We’ve got a community invite for you… If you’re interested in crypto and want to meet some like-minded Finimizers, then you should really join our brand new Discord community. 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