Morning Brew Daily OnlyFans Rakes In Almost $7B & US Gas Prices Fall to Nearly $3?
Sep 9, 2024
The discussion dives into the possibility of a U.S. sovereign wealth fund backed by both Trump and Biden, aimed at boosting national security projects. Meanwhile, OnlyFans showcases its unexpected financial success with a unique business model and expansion into safe-for-work content. Selena Gomez's rise to billionaire status through her beauty brand is also highlighted. In economic shifts, drivers are celebrating lower gas prices as Wall Street reacts to a turbulent jobs report, raising questions about potential Fed rate cuts.
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Sovereign Wealth Fund Proposal
- The US government is considering a sovereign wealth fund for national security projects.
- This idea, backed by both Trump and Biden, aims to compete with China technologically.
Top Performing Sovereign Wealth Fund
- New Zealand boasts the world's best-performing sovereign wealth fund with a 14.9% return last year.
- This surpasses even Norway's, the largest fund globally.
OnlyFans' Financial Success
- OnlyFans' parent company achieved remarkable revenue growth, exceeding $1.3 billion, driven by user spending of $6.6 billion.
- Its 50% profit margin surpasses tech giants like Meta and Google, fueled by a 20% revenue share and low operating costs.