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- WeBankrupt, Uber's Jaw Dropping Quarter and the Israel Pierces Gaza City
WeBankrupt, Uber's Jaw Dropping Quarter and the Israel Pierces Gaza City
Anna Eisenberg
November 07, 2023
Anna's Daybreak News
Good morning news enthusiast! Today we will reveal the largest bankruptcy trend in 2023, dive deeper into Uber’s phenomenal quarter and get an update for the war in the Middle East. Let’s get started! 📰🌟
2023's Latest Trend : High-profile Companies Say 'WeBankrupt'
Struggling shared-office giant WeWork lodged their bankruptcy papers this Monday, joining an elite list of companies that have taken a dive since the beginning of 2022.
WeWork bids adieu to their $47 billion legacy, settling for a significantly lesser berth below $50 million.
2023's major casualties include Silicon Valley's darling SVB Financial and crypto-centric Silvergate Capital who waved their white flags in March, scrambling to the emergency lifeboats of bankruptcy protection.
A domino effect ensued in the crypto landscape, spelling doom for brokers Three Arrow Capital and Voyager, and lenders BlockFi and Celsius.
The sensational torpedo was the sinking of FTX, the world's former second-largest crypto exchange, with its captain Sam Bankman-Fried potentially facing a long vacation behind bars.
According to Cornerstone Research, bankruptcy became the trending fashion for 516 corporations in the first nine months of 2023.
2023 seems to be shaping up as "The Year of the Corporate Sinkhole". Who shall be joining next to the trendy bankruptcy bandwagon?
Source: Read More
Struggling shared-office giant WeWork lodged their bankruptcy papers this Monday, joining an elite list of companies that have taken a dive since the beginning of 2022.
WeWork bids adieu to their $47 billion legacy, settling for a significantly lesser berth below $50 million.
2023's major casualties include Silicon Valley's darling SVB Financial and crypto-centric Silvergate Capital who waved their white flags in March, scrambling to the emergency lifeboats of bankruptcy protection.
A domino effect ensued in the crypto landscape, spelling doom for brokers Three Arrow Capital and Voyager, and lenders BlockFi and Celsius.
The sensational torpedo was the sinking of FTX, the world's former second-largest crypto exchange, with its captain Sam Bankman-Fried potentially facing a long vacation behind bars.
According to Cornerstone Research, bankruptcy became the trending fashion for 516 corporations in the first nine months of 2023.
2023 seems to be shaping up as "The Year of the Corporate Sinkhole". Who shall be joining next to the trendy bankruptcy bandwagon?
Source: Read More
Israel Pierces the heart of Gaza City
In a heated escalation of the Israeli-Palestinian conflict, an "increased pressure on Hamas" has led to Israeli forces penetrating deep into the heart of Gaza City, claims Defence Minister Yoav Gallant.
The conflict, spiralling into a deadly standoff, sees the Hamas' leader Yahya Sinwar holed up in a bunker amid relentless Israeli attack.
This latest upheaval stems from a carnage involving Hamas terrorists who massacred 1,400 Israelis and abducted 200 more, thereby initiating a relentless bombardment on Gaza.
Residents of the besieged city bear witness to the horrors of war, shuddering under the constant threats of Israeli tanks, artillery strikes, and air assaults.
Netanyahu's pledge for an "indefinite period" of control over Gaza, should Israel succeed in its annihilation of Hamas, adds fuel to the already raging fire.
World leaders and the international community are scrambling to devise plans for Gaza's governance after the war.
No one seems to agree who gets to sit on the smouldering rubble called Gaza once the music stops. As the days of violence relentlessly grow, the world might have to update its thesaurus because the word 'peace' is slowly becoming hard to define, let alone achieve.
Source: Read More
In a heated escalation of the Israeli-Palestinian conflict, an "increased pressure on Hamas" has led to Israeli forces penetrating deep into the heart of Gaza City, claims Defence Minister Yoav Gallant.
The conflict, spiralling into a deadly standoff, sees the Hamas' leader Yahya Sinwar holed up in a bunker amid relentless Israeli attack.
This latest upheaval stems from a carnage involving Hamas terrorists who massacred 1,400 Israelis and abducted 200 more, thereby initiating a relentless bombardment on Gaza.
Residents of the besieged city bear witness to the horrors of war, shuddering under the constant threats of Israeli tanks, artillery strikes, and air assaults.
Netanyahu's pledge for an "indefinite period" of control over Gaza, should Israel succeed in its annihilation of Hamas, adds fuel to the already raging fire.
World leaders and the international community are scrambling to devise plans for Gaza's governance after the war.
No one seems to agree who gets to sit on the smouldering rubble called Gaza once the music stops. As the days of violence relentlessly grow, the world might have to update its thesaurus because the word 'peace' is slowly becoming hard to define, let alone achieve.
Source: Read More
Do you think the US will be able to avoid a recession? |
Uber Defies Odds with Jaw-Dropping Profits
Uber is proving its critics wrong, turning up the heat as it continues to roll in cash and break records in a harsh economic climate.
In a show of resilience and savvy business acumen, Uber reported a whopping $9.3 billion in revenue this past quarter, while also boasting its second consecutive quarterly profit - a steady $221 million in net income!
Not only did Uber clock a heart-stopping 2.4 billion trips in the last quarter (a 25% jump from the same time last year), but it also blew away all expectations, showcasing its resilience in an unforgiving economy.
While other tech companies are biting the dust, facing mass layoffs and hard-hitting questions about their future, Uber seems to have found a secret sauce to survival, posting consistent positive results despite a pandemic that almost brought the globe to a standstill.
In an era when most tech companies are turning into "tech zombies," stumbling around aimlessly while bleeding money, Uber's thriving profitability is a breath of fresh air.
Source: Read More
Uber is proving its critics wrong, turning up the heat as it continues to roll in cash and break records in a harsh economic climate.
In a show of resilience and savvy business acumen, Uber reported a whopping $9.3 billion in revenue this past quarter, while also boasting its second consecutive quarterly profit - a steady $221 million in net income!
Not only did Uber clock a heart-stopping 2.4 billion trips in the last quarter (a 25% jump from the same time last year), but it also blew away all expectations, showcasing its resilience in an unforgiving economy.
While other tech companies are biting the dust, facing mass layoffs and hard-hitting questions about their future, Uber seems to have found a secret sauce to survival, posting consistent positive results despite a pandemic that almost brought the globe to a standstill.
In an era when most tech companies are turning into "tech zombies," stumbling around aimlessly while bleeding money, Uber's thriving profitability is a breath of fresh air.
Source: Read More
BlackRock's $100 Billion Bet On Tech Titans
Analysts at BlackRock Inc., the financial Goliath credited with popularizing ready-made model portfolios, are spinning the roulette wheel and placing their bets on tech's heavyweights.
A key strategist, Tushar Yadava, reveals that the firm is unapologetically overweight on the stock market's leviathans, especially those with a tech and growth-orientation.
Despite some sweaty brows over whether a handful of big-hitting companies can sustain soaring market gains, Yadava remains cool as a cucumber.
In his view, these behemoths are best equipped to sail smoothly through the choppy waters stirred by the Federal Reserve's tightening maneuvers.
Seems like BlackRock is putting a lot of their eggs in the Big tech basket. Wonder if they will end with a delicious omelette.
Source: Read More
Analysts at BlackRock Inc., the financial Goliath credited with popularizing ready-made model portfolios, are spinning the roulette wheel and placing their bets on tech's heavyweights.
A key strategist, Tushar Yadava, reveals that the firm is unapologetically overweight on the stock market's leviathans, especially those with a tech and growth-orientation.
Despite some sweaty brows over whether a handful of big-hitting companies can sustain soaring market gains, Yadava remains cool as a cucumber.
In his view, these behemoths are best equipped to sail smoothly through the choppy waters stirred by the Federal Reserve's tightening maneuvers.
Seems like BlackRock is putting a lot of their eggs in the Big tech basket. Wonder if they will end with a delicious omelette.
Source: Read More
Baked with love,
Anna Eisenberg ❤️
What did you think of today's edition? |