Labor Market to JPow: That All You Got?

[The Daily Peel... ]() Nov 7, 2022 | Peel #332 Market Snapshot Employers shrugged off rate-hike ice water and [added 261k jobs](=) in October. Can only imagine how many f-bombs JPow slung after seeing that number. Over at MuskTwit, the company’s revenue is in freefall as ad partner after ad partner pulls out until there’s some semblance of stability. [image] Banana Bits - Diddy is Puff Daddy once again after [adding $185mn](=) to his ganja portfolio - Chip companies are dealing with the whiplash in supply by [cutting costs and slowing production]( amid an inventory glut - Stripe is saying sayonara to [14% of its workforce]() - AGs have the massive [Kroger-Albertsons deal]( in their sights, threatening the completion of the merger Keep the Peel going... [image]( Going from monkey to master of the universe ain’t easy. You need to network your a$$ off, schmooze your bosses, and get a bit lucky. But you also need to know your way around M&A, and there’s no better way to get up to speed than with the WSO M&A Modeling Course. Learn about everything from transaction types to due diligence through this self-paced collection of video lessons and case studies. [Hone your deal-making skills today]( Macro Monkey Says Job Numbers Are Good—Wages Aren’t Your average 9-5er is finally seeing some wage gains…at about [half the rate of inflation](). The Fed is starting to get backed into a corner here, and the playbook doesn’t present many good options. - As long as inflation is outpacing wage gains, people are effectively getting poorer - Rate hikes aren’t denting job growth as much as was hoped, presenting the need for even more hikes - But the Fed is trying to dampen the labor market, not bash it with a hammer. Small wage gains are better than an economic collapse - People are clamoring for inflation stimmies again, but that would worsen the problem Meme of the Day [image] [Source](=) What's Ripe Adidas AG ($ADDYY) ↑ 25.05% ↑ - Puma CEO Bjorn Gulden is taking the top job at Adidas and will have quite the clusterf*ck to unwind - Any non-Ye-related news is welcome for investors in the Three Stripes at this point DoorDash ($DASH) ↑ 8.32% ↑ - The undisputed king of food delivery notched another W in Q3, posting nice order and revenue gains - Losses were higher than expected, but economies of scale mean profits will come down the line…allegedly What's Rotten DraftKings ($DKNG) ↓ 27.82% ↓ - $DKNG beat on the top line in the quarter, but user growth is slowing, and profits are nowhere to be found - Heated competition from FanDuel and inflation eating into discretionary budgets make for a tough outlook for 2023 Warner Bros Discovery ($WBD) ↓ 12.87% ↓ - Mashing a bunch of content together and presenting it in a bundle isn’t attracting enough subscribers - Consumers just have too many streaming options for investors to feel confident that this $WBD experiment can gain a solid foothold in the market Data Peel [image] Online Sports Gambling Market Share (as of July 2022), [Source]( Thought Banana What Should the Online Public Square Look Like? When social media first really started taking off, people were generally comfortable with their deal with the devil. In exchange for your data, you get a free platform that all your friends, and eventually the entire world, is also on. - But without ad spend, that model falls apart - Elon clearly has no idea how to monetize Twitter outside of ads - But does the public even know what it would be willing to pay for a decent online public square? We’re so accustomed to it being free that the question hasn’t really been asked The big question: Do the network benefits of social media only work when it’s free, or will people pay up for a better experience? Banana Brain Teaser Friday — What grows in grass and shrinks in water? Fire. Today — It’s 50 bananas off the [M&A Modeling Course](=). LFG! What jumps higher than a building? Shoot us your guesses at [vyomesh@wallstreetoasis.com](mailto:vyomesh@wallstreetoasis.com?subject=Banana%20Brain%20Teaser) with the subject line “Banana Brain Teaser” or simply [click here to reply!](mailto:vyomesh@wallstreetoasis.com?subject=Banana%20Brain%20Teaser) How would you rate today’s Peel? [image](=) [image]() [image]( [All the bananas]( [Decent](=) [Rotten AF]() Happy Investing, Patrick & The Daily Peel Team Was this email forwarded to you? Sign up for the WSO Daily Peel [here](=). [ADVERTISE]() // [WSO ALPHA](=) // [COURSES]( // [LEGAL]( Don't want The Daily Peel? [Unsubscribe here](). Click to [Unsubscribe]( from ALL WSO content IB Oasis Corp. (aka "Wall Street Oasis") 20705 Saint Charles St Saratoga, California 95070 United States