🐦 Twitter told Elon Musk to step down

Musk asked, and Twitter answered | BlackRock a great year, unlike the rest of us | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for December 20th in 3:15 minutes. 💘 If you’re headed home without a date this holiday season, we’ve got you covered. Join our very own Stéphane Renevier for [What The S&P 500 Could Return Over The Next 10 Years]( on Tuesday: your Mom will love that he’s charming, smart, and funny, and your Dad will go mad for those financial forecasting skills. [Grab your free ticket today](  Today's big stories - Musk polled Twitter, and users voted for the chief twit's resignation - Here are eight investment ideas from our own analysts – [Read Now]( - BlackRock looks set to bring in more funds than rival Vanguard for the first time in 15 years Musk’s Last Christmas… Maybe [Musk’s Last Christmas… Maybe] What’s Going On Here? Elon Musk polled Twitter users, and they said on Monday that he should give up the "chief twit" gig. What Does This Mean? Hallmark Christmas movies can only entertain you for so long, but you can count on Musk to bring the drama when you need a break from the corporate-man-learns-the-meaning-of-love storylines. The world’s [second]( richest man just put his Twitter future in the hands of a poll: Musk asked the platform’s users – and bots, presumably – whether he should step down as chief executive, and they answered “yes”. Now, he had promised to stand by the results, it’s true, but he also tweeted that he doubts anyone’s good enough and keen enough to replace him. So if this is Musk’s dramatic exit, it’s likely to be a lot more drawn out than your average conclusion – and only time will tell if there’s another twist to come. Why Should I Care? Zooming out: One man’s trash is the same man’s treasure. Musk’s wrecking-ball approach has slashed Twitter’s costs. Problem is, the firm’s all-important advertising revenue looks to be shrinking too. So with Twitter’s future in the balance, the self-proclaimed “chief twit” may even have to sell the company – and possibly for a lot less than he bought it for. That would leave Musk nursing a bruised pride and an ego-shattering loss, sure, but those tax losses could offset any taxable gains from Tesla stock sales. Given the billions involved, that definitely beats a Band-Aid and an aspirin. For markets: Driving home for Christmas. Tesla’s share price has been sinking fast while its head honcho’s brain and bucks have been focused elsewhere. And to make matters worse, slowing demand and an incoming surge of competitors have pushed investors to dramatically downgrade their Tesla outlooks. Shareholders, then, will be on cloud nine at the prospect of Musk dropping his social media mistress, and heading home to play happy families once again. You might also like: [Tesla’s stock might actually be a little too low at this price.]( 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’s Last Christmas… Maybe&utm_campaign=daily-global-20-12-2022&utm_source=email) Analyst Take Where Finimize Analysts Are Investing Right Now [Where Finimize Analysts Are Investing Right Now]( [Photo of Carl Hazeley] Carl Hazeley, Analyst With the year coming to a close, it seems like an ideal [time to refresh your portfolio]( for 2023. So I asked the Finimize analysts what trends they see emerging now, and what [investment ideas]( they have for the new year. I’ve collected [their answers](, and come up with a few ways to help you put their ideas to work. So that’s today’s Insight: [eight different investment ideas for 2023.]( [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. SPONSORED BY THE MOTLEY FOOL Wharton professor says these are “buy” conditions This wallet-squeezing environment might make you want to hide your cash under your bed. But famous Wharton School of Business professor Jeremy Siegel thinks the opposite. This, he claims, is the right time for long-term investors to buy into those [wishlist investments at a cheaper price](. That’s [The Motley Fool’s view]( too: that investing with a long-term outlook can give you a higher chance of turning a profit, and that this could be the time to [pick up stocks that could truly deliver](. Motley’s even revealed the exact stocks it thinks could really pay off in the future: [check them out here]( [Find Out More]( BlackRock, Paper, Scissors [BlackRock, Paper, Scissors] What’s Going On Here? Game over, Vanguard: BlackRock looks set to pull in more funds than its biggest rival for the first time since 2007, according to a Morningstar report out late last week. What Does This Mean? This year’s recessionary funk has been a far cry from the post-Covid celebrations we were hoping for. In fact, the investing scene’s been so bleak that panic-stricken investors have pulled $138 billion out of asset management firms so far, according to Morningstar. So it’s even more impressive, then, that BlackRock pulled off a showstopper of a year. iShares – the firm’s exchange-traded fund segment – raked in $152 billion in investors’ assets before the end of November ([tweet this](), enough to dwarf any withdrawals from its active asset management business. And with Morningstar estimating that BlackRock’s biggest rival Vanguard lagged behind over the same period, you can guess who’ll be popping the expensive bottles this festive season. Why Should I Care? For markets: Nothing’s greener in Texas. Still, BlackRock’s bonzer year wasn’t all smooth sailing. See, when investors pile into index funds, asset management firms like BlackRock end up as major shareholders in a bunch of businesses. (Case in point: Investors Business Daily believes Vanguard is the [biggest shareholder]( in 330 S&P 500 companies.) And that can send them up the creek: Texas lawmakers dragged BlackRock over hot coals just last week, after the firm voted to replace three of ExxonMobil’s board members with eco-friendly candidates. So despite the good intentions, BlackRock and its rivals will need to learn how to avoid making political enemies – stat. For you personally: People power. BlackRock has one bright idea, mind you: pass the responsibility buck onto its investors by letting them vote on company issues. BlackRock’s CEO said the move could usher in a new era of “shareholder democracy” in a recent [letter](, with retail investors finally getting the chance to shape the boardroom decisions for some of the world’s biggest firms. You might also like: [Where Blackrock sees light through all the dark clouds.]( 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=BlackRock, Paper, Scissors&utm_campaign=daily-global-20-12-2022&utm_source=email) 💬 Quote of the day “Always read something that will make you look good if you die in the middle of it.” – PJ O'Rourke (an American libertarian political satirist and journalist) [Tweet this]( Our community wants to know your name Building a good brand is hard work. So if you’re proud of the work you do, you best make sure everyone knows about it. You could start by [introducing yourself to our one-million-strong community](: they’re a global bunch of switched-on, savvy retail investors who want to take their investing skills up a notch. And if your tips, tools, or platform – plus whatever else you have up your sleeve – could help them do that, then this might be just the right spot for you to [show off what you have to offer](. Make sure everyone knows your name: [introduce yourself to over one million retail investors](. [Get In Touch]( 🌍 Finimize Live 🥳 Coming Up This Week… All events in UK time. 📈 [How To Forecast Long-Term Returns](: 1pm, December 20th 💰 [How To Tactically Invest In 2023](: 1pm, December 21st 👀 And Then – *Gasp* – Next Year.. 🌪 [Preparing Your Strategy For A Volatile 2023 And Beyond](: 12pm, January 11th 🎙 [Live Q&A With Finimize CEO Max Rofagha](: 1pm, January 12th 👀 [How To Spot The Best Long-Term Investments](: 1pm, January 17th 📑 [The Risks And Regulations When Investing In Crypto](: 10am, January 27th 🎯 On Our Radar - Love Actually is all around. Admit it, your least favourite rom-com character had a [great sense of interior design](. - Time to ditch the hard numbers. If we’re going to change the world, we’ll need [a good story](. - Influencers need a break. [Their fans]( might need one too. - Nothing compares to casual dating. Well, unless you’re [hopelessly in love with someone in particular](. - Calling all Girls Aloud fans. Cheryl’s now acting on [London’s West End](.  ❤️ 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: Kathy Hutchins – Shutterstock | Sasin Paraksa – 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](