🏦 Building a New Stock Market
Plus: Surgeon Uses Vision Pro, $7.5B Spent and Only 7 EV Stations Built, and More
This week’s market, investing, and business insights from insiders and experts outside the mainstream media:
"I recommend investing in Argentina"-Elon Musk.
Apple Vision Pro headset used during shoulder surgery.
Long-Term Stock Exchange (LTSE) offers an alternative.
$7.5B on EV charging infrastructure and only 7 EV stations built.
$80B firm's data vanished.
And more…Let’s get to it!
Top 5 Insights of the Week
1. 👀 Milei Proves the Left-Wing Economic Establishment Wrong
First quarterly budget surplus since 2008 (0.2% of GDP). Peso was the world's best-performing currency in Q1.
Milei cut departments, fired 70,000 state employees, and reduced controls, subsidies, and workers' rights, dropping rents 20% annually.
Milei’s significant economic transformation offers lessons on decisive reform amid America's rising debt and inflation.
2. 👨⚕️ Surgeon Uses Vision Pro
Apple Vision Pro headset used during shoulder surgery for a rotator cuff tear.
Dr. Bruno Gobbato was able to view his notes, patient x-rays, and the live camera feed simultaneously.
Other consumer tech companies in the medical field..
BioButton: remotely monitors vital signs.
Neuralink: developing implantable brain-computer interfaces.
Meta VR: for immersive medical training simulations
Global Consumer Healthcare Market: $360B in 2023, projected to reach $780B by 2030 at 8.8% CAGR.
3. 🏦 Building a New Stock Market
Long-Term Stock Exchange (LTSE) offers an alternative to the traditional New York Stock Exchange (NYSE) or Nasdaq.
Initiated by Eric Ries, raised ~$100M.
LTSE-listed firms must adopt long-term policies, like tying executive pay to long-term metrics.
Intercontinental Exchange, owner of NYSE, profits ~60% and provides software for global exchanges—a cash cow.
4. 🤔 $7.5B Spent and Only 7 EV Stations Built
$7.5B spent on EV charging infrastructure. Only seven stations were built in four states.
Slow rollout hampers electric car transition; 12 states have awarded contracts, 17 have yet to issue proposals.
Inefficient allocation of taxpayer dollars raises oversight and accountability concerns.
Delays result from federal requirements, state standards, supply chain issues, and charging station shortages.
5. 😯 $80B Firm's Data Vanished
Google Cloud mistakenly deleted Unisuper's $80B investment company's entire cloud environment.
Over half a million members unable to access accounts.
Incident underscores risks of cloud service dependencies, emphasizing need for robust backup systems.
Global cloud backup market: $5.71B in 2024, projected to reach $17.29B by 2029 at 24.84% CAGR.
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Top 3 Charts of the Week
1. 👀 More Than Half of Redditors Don't Log In
Reddit's first earnings report post-IPO: Daily active users reach 82.7 million, revenue up 48% YoY.
Concern arises as only ~48% of daily users are logged in, impacting user-generated content and advertising.
Logged-out users increase 47% YoY, raising questions about Reddit's reliance on Google.
2. 🏠 Real Estate Stocks Lag
XLRE ETF, which tracks real estate in the S&P 500, dropped by 7%, making it the worst-performing sector.
Rates rising make real estate less attractive.
Structural issue: Oversupply of office and retail space, high vacancy rates, leading to significant discounts and sales.
3. 🐌 E-Commerce Slows Down
E-commerce sales plateau despite pandemic boom
Shopify alarms with stagnant Q4 2023 figures: still 17% of US retail sales online
Shopify shares down 63% from Nov 2021 peak, signaling overvaluation.
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