Time to face the shareholders

[The beef 675] [I'm an image] “So can we have an edit button now?” - Jeff Hey there carnivores, Markets were down on Thursday, after tech companies underperformed. Speaking of tech companies, Twitter’s stock had a decent day–all things considered. Keep raging, Jeff & Jason [Image] [I'm an image] Moving on Twitter reported its Q2 earnings yesterday, just six days after the security breach that commandeered Joe Biden’s, Bill Gates’, and other prominent figures’ twitter accounts. Surprisingly, mine wasn’t one of them. The social media company’s daily user base grew 12% to 186M, which eclipsed estimates of 172M. Twitter did not disclose if all or just most of those additional users were Russian disinformation agents. At $683M, revenue was down 19% compared to Q2 2019 and missed the forecasted $702M. Why? Well, @jack [attributed the piss poor showing]( to a pullback in advertising, as companies have cut their marketing budgets due to the pandemic. We're gonna need a bigger security patch Of course, Jack was forced to address his biggest f*ck up since he tried to make Periscope a thing. You might remember that on July 15, the twitter accounts of some 130 celebrities and other people way out of your league were hacked. [The hackers were able to view]( the DMs of 36 of those accounts and download personal data from eight. So, you’re saying Obama is not sending me that bitcoin? As for the job posting that hinted at (read: blatantly mentioned) a subscription service, Jack stated that the effort is in the early stages of exploration (ahh, I remember my exploratory phase in college fondly) and that the platform would be complementary to the current twitter dot com. The bottom line... $TWTR rose 4.09% on the day even though the company fell short on revenue… so what gives? Investors seem to be encouraged by the user growth and looking ahead to when companies can spend more on advertising again. CFO Ned Segal stated that [companies have gotten creative]( with planning events, replacing the in-person variety with virtual viewing parties… which could be promoted on twitter. Not to mention, Twitter has shown how culturally relevant it remains. People have flocked to the app to get updates on ‘rona and the Black Lives Matter movement. [Image] [Alternate text]( Jason Bond Is Dropping His Brand New Watchlist Today It’s A Chance To Catch Monday’s Biggest Stock Movers A Day In Advance For A Limited Time It Can Be Yours For 88% Off [Subscribe Now]( [I'm an image] ☑️ Intel is on the outs. Intel’s stock price [dropped as much as 10%]( after hours as the company announced it will be late in releasing its next-generation chips this year. Nobody wants that “I think I’m late text,” right Weezy? The thing is, Intel had a pretty good Q2 as the chip-maker beat analysts expectations on both the top and bottom lines. Revenue came in at $19.73B compared to estimates of $18.55B while earnings per share came in at $1.23 compared to $1.11 earnings per share. The full-year guidance wasn’t so bad either. Intel forecast $4.85 EPS on $75B compared to its previous expectation of $5 EPS on $73.5B in revenue. Analysts predict a $4.81 EPS and $73.86B revenue. Still, announcing that it is going to be late on delivering its 7-nanometer transistors put Intel's stock in a body bag. It’s main competitor AMD is already slinging the 7-nano, so falling further behind had investors jumping ship. ☑️ Smooth descent. Southwest Airlines [is having a rough go]( of it during 2020… which comes as a surprise to literally no one. The company announced a $915M loss in Q2, compared to a $741M profit during the same period last year. Things likely won’t be getting any better for $LUV until a vaccine or miracle treatment for the coronavirus comes to market. Luckily, some companies are well on their way. Revenue for the airliner dropped from almost $6B last year to just over $1B for the same period this year. Surprisingly, shares of $LUV were up 2% on the day. ☑️ You better lawyer up. Now entering the [People’s Court](… Tesla is suing its competitor Rivian [for stealing trade secrets]( and poaching employees. Surely a competitor wouldn't do something so blatant... Well, Rivian has 2.3k employees and 178 of them are former Tesla workers (allegedly). The suit specifically named four employees, claiming that Tami Pascale, Kim Wong, Jessica Siron and Carrington Bradley took confidential information with them over to the dark side. This is the third company Tesla has sued for trying to rip off its IP. Zoox and Aurora both settled with Tesla in April of this year and in 2017, respectively. Something tells me Rivian will follow suit. ☑️ The 10 best ways to get fired from BuzzFeed #1. Be an employee BuzzFeed [is laying off 50 of the 74 employees]( it furloughed as part of the coronavirus pandemic staffing adjustments the company made earlier this year. I bet they are glad they waited it out... The move comes after BuzzFeed lost some big hospitality and travel advertisers at the beginning of the pandemic. Cutting jobs is part of the strategy to keep the company’s net loss under $20M this year… after originally projecting a $30M profit for 2020. For those keeping track at home, that’s a $1M difference for every employee it has to cut. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website,application or other service ("Services"), please review our full disclaimer located at [(disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. 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