Equity Equity Monday: Startups rush to announce news before holiday slowdown
Nov 15, 2021
Tesla's stock faces challenges after Elon Musk's sales, with worries of it losing its $1 trillion valuation. Microsoft has made some controversial updates, while Bitcoin is set for a privacy-focused upgrade. The startup world buzzes with Writer.com, Zoomo, and Rsquared making headlines. Anticipation builds around upcoming IPOs for Braze, Usertesting, and Sweetgreen, as the holiday season looms over the market dynamics.
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Market Surprises
- Global markets show unexpected trends, with China's retail sales up and stocks down, and Japan's GDP down but stocks up.
- U.S. stocks are set to rise despite inflation and growth concerns, while crypto remains calm.
Tesla's Stock Rollercoaster
- Tesla's shares fell after Elon Musk sold some of his stock following public exchanges with U.S. politicians.
- Despite the decline, Tesla retains its $1 trillion market cap, showcasing its volatile nature.
Microsoft's Strategy
- Microsoft is pushing users towards its Edge browser and Bing search engine in Windows 11.
- Instead of forcing integration, they should focus on improving their products and competing fairly.