Preview Musk lost $200 billion last year - just the beginning?
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) WORD ON THE STREET TSLA Paradox, SpaceX Takes Off, Facebook's Choice - Will Donald Trump Be Back On Facebook? - Love him, hate him, but it's hard to ignore him, and he's running again for the GOP nomination. President Donald Trump appears to be boycotting Twitter and sticking with his own platform Truth Social, which The New York Times reported is doing surprisingly well. However, that still leaves Facebook. Meta Platforms said that it is currently considering whether to restore the former president's account, with CNN reporting that a decision will be made in the "coming weeks." - The (Negative) $200 Billion Man - Elon Musk is the first person in history to lose $200 billion, though he still remains the second wealthiest person on Earth. The TecnoKing's fall largely results from TSLA's cataclysmic decline, as the stock shed almost 70% of its market cap last year and lost more than 40% last month alone. However, the company delivered a record 1.3 million vehicles last quarter - meaning that while it's arguably doing better than ever, investors are in full retreat. Despite setting a record, TSLA still missed Wall Street estimates. It's not just Twitter drama - TSLA faces increased competition in the EV market from traditional carmakers - SpaceX Surges To A $137 BILLION Valuation - Ok, to put this in perspective, that's not even the amount of money Elon Musk lost last year. But still - SpaceX is undergoing a new fundraising round as speculation spreads about when the company is going to go public. For now, private funders are delivering the big bucks, with the company raising about $750 million in this round. Andreessen Horowitz is reportedly leading the new fundraising round, with insiders snapping up shares at a reported $77 a piece. - Southwest Airlines Says It's Back To Normal - Yeah, we'll see about that. After cataclysmic failures led the airline to cancel hundreds of flights during the recent storm, Southwest Airlines (LUV) says it's back on a normal schedule and is "pleased with the operational performance over the past few days." I'll tell you who isn't pleased - Secretary of Transportation Pete Buttigieg, who said stranded travelers should get reimbursed for food and lodging, and whose department is looking into the airline. LUV will be an interesting ticker to watch today. Since the dawn of Rogue Investing Daily, Mr. X has been keeping his readers one step ahead… Forecasting picks with returns of 390% in under a year...
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) HOT SPOTS: What's Going on in Geopolitics - Russia Suffers Devastating Attack - At least dozens of Russian soldiers, reportedly reservists called up by Moscow's "partial mobilization," are dead after a devastating Ukrainian missile strike over the weekend. While Russia admits to 63 deaths, Ukraine is claiming as many as 400 fatalities, in one of the highest-casualty single attacks in the war thus far. - Ukraine-Polish Ties Suffer After Bandera Celebration – Poland is arguably Ukraine's strongest ally in the current fight against the Russian invasion, with the government providing aid and weapons and many Polish citizens actually joining the Ukrainian military to fight the Russians. However, Polish Prime Minister Mateusz Morawiecki says that he will formally protest members of the Ukrainian government celebrating the legacy of World War II collaborator Stepan Bandera. "There can be no nuance here," said the Prime Minister, who said he will raise the issue the next time he meets with Ukrainian officials. Bandera committed numerous crimes against civilians during the Second World War, including Poles, but some Ukrainians see his resistance against the Soviet Union as part of their historical fight for independence. Accusations of "Nazism" are a staple of Russian propaganda efforts against the Ukrainian government, even though Ukrainian President Volodymyr Zelenskyy is of the Jewish faith. - China Reports COVID Peak - It's questionable how much you can trust reports coming out of Beijing, but if true, this is good news for the Chinese (and world) economy. Subway use is up in cities across China, as the COVID-19 wave unleashed by the government's cessation of its "zero-COVID" policy may have peaked. Health officials have worried about the consequences of the economically necessary move, though so far there are no signs of a new variant emerging from China. CUTTING EDGE: What['](
)s Happening In Tech - Wickr Me Shutting Down - After investigations revealed the platform is being used by criminals, including those exploiting children, the Amazon-owned encryption system Wickr Me will shut down at the end of this year. It has already stopped accepting new users. Law enforcement has been critical of the platform because it allows people to join without a phone number or other information that could be used to identify people. Of course, some might argue that was the whole point of encrypted communication platforms. - POTUS Bans TikTok For Government Devices – No, not because workers are using it to make silly videos while wasting your tax dollars. (C'mon, the government will never stop doing that, regardless of who is in charge.) It's because TikTok is tied to the Chinese government. President Joe Biden banned about four million government employees from using the app on any devices technically owned by the government. It may not seem like a big deal - but TikTok is the largest website in the world. That's right - people don't "google" something anymore. They search for it on TikTok - or at least they used to. There is still pressure on the Administration for a total ban, something floated by the Trump White House. - Microsoft Has No Idea What's Going On - No, I'm not editorializing here, this is straight news reporting. Microsoft is spending almost $69 billion to take over Activision Blizzard - or at least it was going to before the Federal Trade Commission sued. However, now that it's tied up in court battles, Microsoft's attorneys are literally claiming that the company has no knowledge of what the record-setting franchise Call of Duty is doing. They say they don't know about revenue or monthly active users. They are even claiming they don't know the video game's "original release date." Given that Call of Duty: Modern Warfare II brought in over a billion dollars in just 10 days, this is pretty important stuff FOR YOUR CONSIDERATION "As much as I try to sidestep macroeconomic forecasts, it seems that everyone wants to know what I think will happen in 2023."
C'mon, it's what we have to do at the beginning of every new year. And though Your Options Coach Chris Hood generally scorns such large-scale predictions, he sees some major trends developing that all traders need to be aware of. It's time to set up your trading foundation for 2023. [THE 2023 OUTLOOK - WHAT I EXPECT](
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