🐦 Musk's Elon-gating the drama

Musk could fire half of Twitter’s staff | Turkey’s inflation is at its highest in 24 years | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for November 4th in 3:13 minutes. ❄️ The investing scene has a real chill to it these days, but the [Modern Investor Summit]( can help you wrap your portfolio in a blanket of sound financial tips and tricks. We can even help with the cold outside too: [RSVP for the summit today](, and you could win some winter-warming socks, tees, and swag. [Grab your free ticket here]( Today's big stories - Elon Musk is mulling over plans to cut half of Twitter’s workforce - Here's what to watch out for before you go buying Big Tech again – [Read Now]( - Turkey’s inflation hit a 24-year high, with rate cuts sending prices skyward Musk Conquers, Then Divides [Musk Conquers, Then Divides] What’s Going On Here? Elon Musk [reportedly]( laid out plans this week to cut half of Twitter’s workforce. What Does This Mean? It was back in the heady days of early spring that Elon Musk first offered to buy Twitter, and it’s taken him till past spooky season to make good on his offer. The interim’s been pretty chaotic, but a whirlwind of back-and-forths, legal challenges and defenses ultimately forced the deal through – and now the world’s richest man is on a cost-cutting crusade. Little wonder, either: markets have tumbled drastically since April, meaning it’s likely Musk seriously overpaid for the big blue bird. That’s probably only strengthening his resolve to bid adieu to 3,700 employees, half Twitter’s entire workforce. Why Should I Care? Zooming in: Free speech, empty pockets. Cutting costs is just one side of the equation: Twitter needs to start bringing in more dough too, and that could prove trickier. See, Musk’s vision of Twitter as a bastion of free speech has got businesses clutching their pearls ([tweet this](), halting ad spending left, right, and center. Interpublic – one of the world’s biggest ad groups – told its clients to postpone Twitter ads for at least a week, and companies like Carlsberg and General Motors are taking the same tack. The bigger picture: Born to be blue. One bright money-raising idea of Musk’s is to charge $8 a month for perks like fewer ads, boosted tweets, and the little blue verification tick that appears next to users’ handles – a badge of honor that used to be the preserve of high-falutin’ celebs, politicians, and journalists. But the plan’s not without issues: for one, it could ironically make it easier to impersonate people, with any paying, fake account suddenly rubber-stamped in blue. And for another, it could create a potentially ugly divide between those who can and can’t afford the fee, amplifying paying users’ voices over everyone else’s. You might also like: [Elon Musk has a “super bad feeling” about the economy. Here’s why you shouldn’t.]( 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=Musk Conquers, Then Divides&utm_campaign=daily-global-04-11-2022&utm_source=email) Analyst Take Big Tech’s Got Issues, Sure. But Is It Over? [Big Tech’s Got Issues, Sure. But Is It Over?]( By Paul Allison, Analyst Big Tech isn’t the gravy train it [used to be](. The sector’s giants are each grappling with [their own challenges](, and increasingly, investors are deciding they don’t want to climb aboard. So, let’s [take a look]( at Amazon, Alphabet, Apple, Microsoft, and Meta, what they’re up against, and what investors will be [on the lookout]( for. That’s today’s insight: [what to look for if you’ve got your eye on Big Tech.]( [Read or listen to the Insight here]( Finimize x Revolut Pretty good stuff, right? Our analysts write Insights like this every day, and you can read every single one of them with [Finimize Premium](. There’s no better time to get started: our new partnership means you can get [six free months of Finimize Premium]( and [three free months of Revolut Premium]( if you [sign up for Revolut today](. We’ll even send you £10 (or equivalent) to your Revolut account to get you started. Represent the new era of investing The second annual [Finimize Modern Investor Summit]( will celebrate the new era of investing. So if your brand or product is helping to create the next generation of investing opportunities, our summit is the ideal place to [showcase your potential.]( [Feature your product during speaker slots](, fireside chats, and expert panels, and you’ll be able to [directly engage with an engaged audience]( and demonstrate your brand’s true power. Thousands of retail investors attended the [Modern Investor Summit]( last year, so don’t miss your chance to [get your product in front of our community]( this December. [Put your brand in the spotlight](. [Find Out More]( Learning By Doing [Learning By Doing] What’s Going On Here? Data out on Thursday [showed]( that Turkey’s inflation hit a 24-year high last month, which will hardly vindicate the country’s unconventional approach. What Does This Mean? Looks like Turkey skipped Econ 101: the country’s government still believes that cutting interest rates will help bring inflation down, despite the rest of the world – and the world’s textbooks – proclaiming the opposite. But Turkey’s central bank has cut rates by a chunky 3.5% over the last three months alone, and it’s yet to prove traditionalists wrong. In fact, the prices of food and non-alcoholic drinks – which make up a quarter of the country’s total inflation – essentially doubled last month from the same time last year, while transport costs puffed up nearly 120%. And sure, overall inflation came in lower than economists expected, but that’s hardly a victory when it’s 85.5% – seventeen times the central bank’s target and the seventeenth monthly spike in a row. Why Should I Care? For markets: Bigger things are coming. Turkey’s inflation makes rising western prices rises look positively puny, and it's only outpaced by the likes of Zimbabwe, Venezuela, Syria, Lebanon, and Sudan. And while Turkey’s knee-shaking increases should slim down as numbers start to be compared to the sharp price rises of late last year, things will still probably get worse. See, the government’s hoping to entice voters with a higher minimum wage and cheaper loans ahead of next year’s elections, which – along with continued rate cuts – will only weaken the lira more and fire up inflation further. Zooming out: Let’s get conventional. The UK’s gone the textbook route, [announcing]( a 0.75-percentage-point interest rate hike on Thursday – its biggest in 33 years. And while the central bank stressed that rates will peak lower than markets expect, that doesn’t mean the UK isn’t up against it. In fact, its forecast suggests the UK’s already in a recession, and that the economy will shrink for eight-straight quarters – until the middle of 2024. You might also like: [It’s been a dark time for UK investors, but some green shoots are popping up.]( 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=Learning By Doing&utm_campaign=daily-global-04-11-2022&utm_source=email) 💬 Quote of the day “Our lives teach us who we are.” – Salman Rushdie (an Indian-born British-American novelist) [Tweet this]( Connect your brand with the next generation of investors Our one-million-strong international financial community has some big plans. They want to [develop their investing skills]( and discover [expert tools]( that could help them trade better, all in a bid to achieve their dreams of financial freedom. [Your brand could help them]( do just that: whether you provide information, tools, or tricks, [you could help retail investors]( around the world make smarter decisions. So [showcase your mojo]( in this very spot, and [introduce yourself to over a million engaged investors]( – you might even help us change the world of finance for the better. [Get in touch today](. [Get Your Name Out There]( 🎯 On Our Radar - Humans are old news. Here’s how to [make friends with crows](. - Bring your trading desk with you. Access [pro-level trading tools]( straight from your mobile.* - Caffeine routine. Making a cup of joe is [an act of self-care](. - The songwriting stream. One musician could help you [get into your flow](. - Beauty can be lonely. This is why we’re so captivated by [deserted places](. When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live 🥳 Coming Up In The Next Week… All events in UK time. 💰 [Strategies For Market Volatility](: 1pm, November 8th ✨ [How To Profit From Special Situations As A Value Investor](: 5pm, November 9th 🔧 [Tools Value Investors Use For Turbulent Times](: 6pm, November 10th 🔥 [How To Build Better Financial Habits In Your 20s & 30s](: 3pm, November 11th 👀 And After That… ♻️ [How To Build An Eco-Friendly Crypto Portfolio](: 1pm, November 14th 💥 [How To Diversify During High Inflation](: 6pm, November 14th 🐻 [How To Survive A Crypto Bear Market](: 7pm, November 15th ✅ [How To Successfully Invest In Dividend Stocks](: 6pm, November 22nd 🚀 [2023 Outlook: What’s Next For Crypto?](: 6.30pm, November 23rd (in person, London) 🌍 [Finding Opportunities In A Challenging Market With BlackRock](: 1pm, December 2nd 🎉 [Modern Investor Summit](: 12pm, December 6th – 7th ❤️ 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: worachet homkajon - Shutterstock | ToskanaINC - 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](