Weekly Review, June 26, 2023
Check out some headlines from last week.
Uber’s CEO does a deep dive on the progress of his turnaround plan including how he got the job in the first place and how he told his boss (Barry Diller!) he was leaving the CEO role at Expedia.
The Russian mutiny over the weekend brings up larger questions regarding Putin’s grip on power and how it could impact the world’s geopolitical stage.
Greed and FOMO are picking up as call option buyers, who would benefit from a rise in the stock market, hit record highs. In our experience this has often been a contrary indicator.
The restart of student loans and pending Supreme Court decision on loan forgiveness looms large on consumer spending decisions. With total annual payments of $100B, this add to the slowdown in consumer spending likely to happen near the end of the year as excess savings from the pandemic is wiped out.
VR is here in subscription form! Taking a page out of the Sony / Xbox playbook, Meta has launched a $7.99 subscription service for VR games through its Meta Quest headset.