✌️ This isn’t Pinterest’s vibe

Uber's booked and busy | Pinterest needs some inspiration | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for August 3rd in 3:00 minutes. 👀 Crypto enthusiasts might wax lyrical about the future of NFTs, but you’ll need specifics if you’re going to buy in. So join Cointelegraph’s Alyssa Exposito for [What’s Next For NFTs?]( on Thursday, and find out if you should line your desktop with those talked-about tokens. [Grab your free ticket]( Today's big stories - Uber posted a string of memorable results last quarter - We’re halfway through earnings season, which means you can start to tell where stocks will go next – [Read Now]( - Pinterest won’t want to make a mood board of its latest quarterly results Shut Up And Drive [Shut Up And Drive] What’s Going On Here? Uber [posted]( record-breaking bookings at its quarterly update on Tuesday. What Does This Mean? The number of Uber’s monthly users hit a new peak last quarter, with the company reporting 24% more journeys than the same time last year. And with plenty of highly profitable airport trips among them, the value of bookings made on the platform – across its ride hailing, delivery, and freight offerings – also hit an all-time high, helping revenue more than double to $8 billion from the same time last year. Cue one last milestone: Uber – which has burned through around $25 billion since it was founded 13 years ago – finally posted its first ever positive [cash flow]( last quarter ([tweet this](). Investors have been dreaming of the day, and they sent its stock up 14%. Why Should I Care? Zooming in: Uber gives the drivers what they want. Uber also said that more drivers and couriers were earning money on the platform than before the pandemic, which might be why wait times across a range of markets were at their lowest in a year in July. That suggests its recent efforts to improve the driver experience on the app has been paying off, and it’s not finished yet: the company [announced]( new features last week that’ll allow drivers to choose the trips they want and see how much they’ll earn before accepting. Zooming out: Prime the pump. One thing Uber can’t do to make the experience any better is bring down fuel prices, which could see drivers reduce the number of hours they’re on the road. But one company’s risk is another company’s reward, and oil giant BP just [posted]( its highest quarterly profit in 14 years on Tuesday – more than triple what it made the same time last year. That caps off a bumper set of profits from Big Oil, and could spark another call for tax increases on the industry. You might also like: [How to analyze Uber’s stock in two hours flat.]( 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=Shut Up And Drive&utm_campaign=daily-global-03-08-2022&utm_source=email) Analyst Take Where Will Stocks Go After An Earnings Season Like This? [Where Will Stocks Go After An Earnings Season Like This?]( [Photo of Stéphane Renevier] Stéphane Renevier, Analyst What’s Going On Here? Over half the companies in the S&P 500 have reported their quarterly results by now. And while they’ve been struggling with high inflation and rising interest rates as expected, their updates have generally [panned out pretty well](. In fact, [52% of companies]( have significantly beaten analysts’ estimates, while only 12% have seen major negative surprises. That overall outperformance might be why we’ve seen stocks rally recently. But stay on your toes: there are [signs of trouble]( brewing under the surface. So that’s today’s Insight: the [good news]( of earnings season so far, the [not-so-good news](, and what they tell us about [where stocks might go next](. [Read or listen to the Insight here]( SPONSORED BY CHANGE Get rewarded for staking crypto [Staking]( can help your [crypto investments go further]( without you doing any extra work. And now you can choose between [five major coins]( – each with different yields – to stake with [Change](. You can stake and unstake at any moment, and you’ll get [daily rewards]( that automatically increase your staked balance and bring you [higher earnings by the day](. There’s no time like the present: if you’re one of the first 100 users to [join Change with this link]( and trade €100, you’ll get a [free €10 worth of cardano]( straight away. [Get your €10 reward and start staking today](. [Find Out More]( First 100 users will receive €10 worth of cardano to their Change account. Change’s Terms & Conditions apply and can be read at www.changeinvest.com Unpinned [Unpinned] What’s Going On Here? Social media platform Pinterest [reported]( disappointing results earlier this week. What Does This Mean? There’s something heart-breaking about gazing at the places you could go, the interiors you could design, and the recipes you could cook at a time when travel, furniture, and food have become so pricey. So it follows that Pinteresters wouldn’t want to subject themselves to such temptation: the platform lost 5% of its monthly active users last quarter from the same time last year, compounded by stiffer competition from TikTok and a traffic-disrupting change in Google’s search algorithm. That left advertisers – already worried about dwindling consumer demand – with fewer users to target, leading them to bail on the platform. That might be why Pinterest’s revenue and profit missed forecasts, and why it gave a worse-than-expected revenue outlook for this quarter too. Why Should I Care? For markets: It’s who you know, not what you know. Someone still believes in Pinterest: Elliott Management – an [activist investor]( that uses its shareholder clout to influence the companies it buys into – revealed earlier this week that it had become Pinterest’s biggest investor, making the case that the company’s going in the right direction. That vote of confidence will have meant a lot to investors, which might be why Pinterest’s shares jumped 20% on the news. The bigger picture: Pinterest’s future is bright. Elliott might have seen some potential in Pinterest’s future plans: the social media platform intends to personalize the customer experience using AI, as well as make it easier for advertisers and retailers to sell on the site. Elliott might likewise be confident that rejuvenated leadership will help it do just that, with the company boasting a new CEO who made a name for himself at Alphabet and PayPal. You might also like: [How to invest like one of the world’s best activists.]( 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=Unpinned&utm_campaign=daily-global-03-08-2022&utm_source=email) 💬 Quote of the day “It does not matter how slowly you go as long as you do not stop.” – Confucius (a Chinese philosopher and politician) [Tweet this]( SPONSORED BY BITCOIN.COM Crypto’s due a decoupling Crypto’s often talked about like it’s just another cog in the broader tech economy. Some believe that’s overshadowing [crypto’s original purpose](: building a democratized, inclusive financial sector. That’s why they think crypto needs to decouple from the status quo. And that’s why [Bitcoin.com]( has developed [Verse](, a utility token with the power to help millions of crypto users [become more financially free](. There’s no one better to launch this potentially sector-shaking coin: [Bitcoin.com]( is a market leader in providing crypto resources, and its ecosystem already handles over 30 million wallets. Limited Verse tokens will go on sale soon, so best [get pre-approved today](. [Discover Verse]( The Verse token sale is not available in the U.S. and other [restricted jurisdictions](. When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live 🎉 Coming Up This Week… All events in UK time. 🚀 [The Next Six Months For Stocks And Crypto](: 5pm, August 3rd 🎉 [What’s Next For NFTs: Innovations, Utility, And Trends](: 5pm, August 4th 🥳 And After That… 📈 [A Case For DAO Treasury Diversification](: 6pm, August 9th 💰 [The Secret To Making Money During High Inflation](: 1pm, August 16th 🤑 [How To Protect Your Crypto Portfolio During A Recession](: 5pm, August 15th 💻 [How To Spot The Best Tech Stocks](: 6pm, August 16th 🤯[Inflation Strategies For Savvy Investors](%20inflation%20strategies%20for%20savvy%20investors-2m895c:%2012pm%20UK%20time,%20August%2018th/): 12pm, August 18th 🏈 [Crypto And The Sports Community](: 5pm, August 23rd 👑 [How To Invest In Gold On The Blockchain](: 5pm, August 25th 😎 [How To Spot The Next Ethereum Killer](: 1pm, August 30th 🎉 [How To Build Wealth In Your 20s](: 5pm, September 1st 🎯 On Our Radar - Mullets might increase life satisfaction. It worked for [this guy](, at least. - Covid isn’t just marked by case numbers. Here’s how we’ll know [when it’s really over](. - From Potter to Al. Daniel Radcliffe’s latest project is [hitting a screen near you](. - What happened to the Scientology jokes? Top Gun reformed Tom Cruise’s reputation [overnight](. - Hot people don’t wear ties. Unless they’re [bolo ties](. ❤️ 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. Share your unique link: [ You stay classy, {NAME} 😉 We’d love to hear your thoughts. [Give feedback]( Want to advertise with us too? [Get in touch]( Image Credits: Image credits: Daren Woodward - Shutterstock | Alphavector - Shutterstock Preferences: [Update your email]( or [change preferences]( [View in browser]( [Unsubscribe]( from all Finimize Emails 😴 Crafted by Finimize Ltd. | Bow Bells House, Bread Street, London, EC4M 9HH All content provided by Finimize Ltd. is for informational and educational purposes only and is not meant to represent trade or investment recommendations. You signed up to this mailing list at finimize.com or through one of our partners. © Finimize 2021 [View Online](